NAB Low Fee Platinum Card

19.74% p.a.

0% p.a. for 24 months and then 21.74% p.a. (2.00% balance transfer fee)

$90

NAB Low Fee Platinum Card Review

Rates and fees information correct as at 22 July 2018.

Review published: 18 October 2012

What's hot:

  • 0% p.a on balance transfers for 24 months (2% BT fee)

  • Travel accident insurance

  • Mozo Experts Choice award winner 2017

What's not:

  • High 19.74% purchase rate

  • 2% balance transfer fee

Mozo snapshot:

NAB's Mozo Experts Choice Award winning Low Fee Platinum Card comes with a competitive 0% rate on balance transfers for 20 months (with a one off 2% balance transfer fee). You'll also get the handy benefit of platinum credit cards with travel accident insurance. You can have the Low Fee Platinum card linked to the flybuys rewards program but this really isn't a rewards credit card. If you want real rewards value for your spend you'd be better off looking at the NAB Qantas Card or the NAB Velocity Card.

Key features:

The NAB Low Fee Platinum card has a stand-out 0% p.a interest rate on balance transfers for 24 months (2% BT fee applies) - so you'll be able to attack your debts fast! Other features include a $90 annual fee, 44 interest free days, a 19.74% purchase rate and a 21.74% cash advance rate.

What about the platinum perks? You'll have overseas travel accident insurance, interstate flight inconvenience insurance, transport accident insurance, domestic hotel burglary insurance, a extended warranty and price protection. When you consider the cost of overseas travel insurance alone, the $90 annual fee for the Low Fee Platinum card is worth it.

With the NAB Low Fee Platinum Card you will get all the benefits of Visa such as Visa Entertainment applause features, 24/7 travel assistance via Visa Global Customer Assistance Services as well as online shopping verified by Visa. 

If you're heading overseas you'll pay a 3.00% foreign exchange margin on any purchases.


Who it's good for:

The NAB Low Fee Platinum is perfect for someone looking to knock off debt quickly thanks to the 0% balance transfer rate.

Any catches?

If you're using the card to blast debt for good, don't let that balance transfer debt sit there for too long or you'll end up paying 21.74% on any debt left outstanding after 24 months.

How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 1409
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 Platinum Card

NAB

NAB Low Fee Platinum Card credit card review

Overall rating   10 / 10

Excellence at it's best

I am most impressed with the customer service in particular.

Full review

I am most impressed with the customer service in particular.

    Price   10 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Christine (QLD), reviewed 6 months ago

NAB

NAB Low Fee Platinum Card credit card review

Overall rating   4 / 10

Not good and high interest rates

The bank does not look at your spending habits

Full review

The bank does not look at your spending habits

    Price   3 / 10

    Features   2 / 10

    Customer service   6 / 10

    Convenience   8 / 10

    Trust   2 / 10

Less

Phillip (QLD), reviewed almost 2 years ago

NAB

NAB Low Fee Platinum Card credit card review

Overall rating   9 / 10

Awesome

This bank is very supportive

Full review

This bank is very supportive

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Terrence (NSW), reviewed about 2 years ago

NAB

NAB Low Fee Platinum Card credit card review

Overall rating   7 / 10

Be more competitive

Like, service and customer service could improve.

Full review

Like, service and customer service could improve.

    Price   4 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   10 / 10

    Trust   7 / 10

Less

Janine (VIC), reviewed about 2 years ago

NAB

NAB Low Fee Platinum Card credit card review

Overall rating   9 / 10

Exceptional service and attention to client's need

This seems to me to be the second time I've answered these same questions above !!!!

Full review

This seems to me to be the second time I've answered these same questions above !!!!

    Price   9 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Jim (NSW), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 19.74% p.a.

  • none

  • 0% p.a. for 24 months and then 21.74% p.a. (2.00% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 44

Fees

  • $90.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.00

  • $2.50

  • $0.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 1

  • none

  • Travel Insurance, Extended Warranty, 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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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