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 744
NAB credit cards reviews

6.3 6.3 7.2 7.6 7.3

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   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 about 10 hours ago

Was this review helpful? Yes

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NAB

NAB Low Fee Card credit card review

Overall rating   6 / 10

Great staff, good products

I find that a credit card is a handy device to use when away from home. You have to make sure you pay your bill at the end of each month. Interest rates are far too high to allow your credit to accumulate.
Full review

I find that a credit card is a handy device to use when away from home. You have to make sure you pay your bill at the end of each month. Interest rates are far too high to allow your credit to accumulate.

    Price   5 / 10

    Features   3 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Robert (NSW), reviewed 2 days ago

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NAB

NAB Low Fee Card credit card review

Overall rating   9 / 10

They have good service with my account and terms

We have a pensioner account with NAB and when I use my credit card it just comes off of my savings account, there are no credit charges.
Full review

We have a pensioner account with NAB and when I use my credit card it just comes off of my savings account, there are no credit charges.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Darryl (QLD), reviewed 2 days ago

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NAB

NAB Low Fee Card credit card review

Overall rating   2 / 10

Competitive premiums

Too many charges when they have our money in their care making interest for them.
Full review

Too many charges when they have our money in their care making interest for them.

    Price   1 / 10

    Features   1 / 10

    Customer service   5 / 10

    Convenience   1 / 10

    Trust   6 / 10

Less

Michael (QLD), reviewed 2 days ago

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NAB

NAB Low Fee Card credit card review

Overall rating   4 / 10

Customer service could improve.

NAB do not have enough counter staff in their branches. My credit card is a basic one but I also have a business one and it is difficult to earn points such as frequent flyer without using a high fee charging card. Credit card annual fees are much...
Full review

NAB do not have enough counter staff in their branches. My credit card is a basic one but I also have a business one and it is difficult to earn points such as frequent flyer without using a high fee charging card. Credit card annual fees are much too high. They also try to up sell too many other products like insurance when you go in to the branch.

    Price   6 / 10

    Features   1 / 10

    Customer service   6 / 10

    Convenience   5 / 10

    Trust   7 / 10

Less

Emma (VIC), reviewed 2 days ago

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Flag this review

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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