NAB Low Fee Card

NAB

19.74%

4.99% for 6 months

$30 $0 in the first 1 year

NAB Low Fee Card Review

Review updated: 20 April 2015

Review published: 19 April 2013

What's hot:

  • No annual fee for the first year ($30 every year after)

  • 4.99% p.a. on balance transfer for 6 months

What's not:

  • High 21.74% cash advance rate

Mozo snapshot:

NAB's Low Fee Card is great for everyday use. No frills, low fees and top security combine to create a safe, accessible and easy to use card. The card has no annual fee for the first year and then is just a low $30 every year after. Plus you'll be free of interest for the first year with 0% p.a on purchases and if you are looking to move debt across you'll enjoy a low 4.99% p.a. on balance transfers for 6 months.

Key features:

Low Fee Card customers can choose either a MasterCard or Visa card. Both choices enable contactless purchasing, emergency travel assistance, and secure online shopping. Visa customers also have access to the exclusive Visa Entertainment program, while MasterCard customers can reap the rewards of the MasterCard Privileges or Priceless Sydney offers.

No annual fee for the first year and a super-low annual fee of $30 is a big plus. And if you pay off your balance within the 44 interest free days, you'll escape the 19.74% purchase rate. But steer clear of cash advances with this card - the rate is a steep 21.74%. And if you're taking the Low Fee Card travelling, the news is good - the foreign exchange margins sits at 3.00%.

If you have existing debt on another card, the NAB Low Fee Card offers a 4.99% p.a. on balance transfer for 6 months. And unlike a lot of other cards, after the balance transfer period is up, the rate reverts to the purchase rate, as opposed to the high cash advance rate.


Who it's good for:

The NAB Low Fee Card is perfect for anyone who usually pays off their full balance each month, and is looking for a simple, easy and fuss-free card.

Any catches?

Getting a duplicate statement will cost you $7 - don't make it a regular thing!

How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 757
NAB credit cards reviews

6.3 6.4 7.2 7.6 7.4

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Low Fee Card

NAB

NAB Low Fee Card credit card review

Overall rating   9 / 10

Low annual fee, great card for that rainy day

Great credit card for little annual fee.
Full review

Great credit card for little annual fee.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Leah (NSW), reviewed 8 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   5 / 10

Not too bad.

Pretty good overall.
Full review

Pretty good overall.

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Isabel (NSW), reviewed 13 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   5 / 10

Poor

This card may have a low fee but I feel that the interest rate is far too high for the product. I am not at all satisfied with the processes when credit card fraud has been committed against you. They take far too long to investigate it and they...
Full review

This card may have a low fee but I feel that the interest rate is far too high for the product. I am not at all satisfied with the processes when credit card fraud has been committed against you. They take far too long to investigate it and they send you the same paper work repeatedly, it is like it is too much trouble for them to investigate it and while they are they charge you interest on the debt. They just take far too long to deal with the issue.

    Price   4 / 10

    Features   0 / 10

    Customer service   3 / 10

    Convenience   8 / 10

    Trust   4 / 10

Less

Carin (VIC), reviewed 23 days ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   6 / 10

Research and compare credit cards

There are much better products on the market, this suited me at the time for convenience.
Full review

There are much better products on the market, this suited me at the time for convenience.

    Price   7 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

Graham (QLD), reviewed 23 days ago

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NAB

NAB Low Fee Card credit card review

Overall rating   4 / 10

Too expensive

Too expensive.
Full review

Too expensive.

    Price   3 / 10

    Features   4 / 10

    Customer service   5 / 10

    Convenience   6 / 10

    Trust   5 / 10

Less

Jody (QLD), reviewed 27 days ago

Was this review helpful? Yes

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Rates

  • 19.74%

  • none

  • 4.99% for 6 months

  • no

  • 21.74%

  • 44

Fees

  • $30.00

  • $0 in the first 1 year

  • none

  • none

  • $5.00

  • 1.75%, Min $1.75

  • 3.00%

  • $7.00

  • $5.00

  • $0.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 1

  • none

  • Purchase Protection

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

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