NAB Low Fee Platinum Card

19.74% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$90

n/a

NAB Low Fee Platinum Card

19.74% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$90

n/a

Mozo Review   NAB Low Fee Platinum Card Review

Last updated: 25 February 2019.

What's hot:
  • 0% p.a on balance transfers for 6 months (2% BT fee)

  • Travel accident insurance

What's not:
  • High 19.74% purchase rate

  • 2% balance transfer fee

Mozo snapshot:

NAB's Low Fee Platinum Card comes with a competitive 0% rate on balance transfers for 6 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 0% p.a interest rate on balance transfers for 6 months (2% BT fee applies). 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 6 months.

Details

Rates and fees information correct as at 20 November 2019 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 19.74% p.a.

  • none

  • 0% p.a. for 6 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%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Rewards privileges

Concierge,
Travel,
Insurance,
Extended,
Warranty,
Purchase,
Protection

Other benefits

Travel Insurance, Extended Warranty, Purchase Protection, Guaranteed Pricing

Customer Reviews

How are NAB credit cards rated by the Mozo community?

Overall customer rating
6.7/10

Based on 4168 NAB credit card reviews

Price
5.9/10
Features
6.0/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of NAB Low Fee Platinum Card

  • Overall
    7/10
    It’s okay but nothing special.

    The card is okay but there are no rewards and no real incentive to use it.

    The card is okay but there are no rewards and no real incentive to use it.

    Price
    5/10
    Features
    2/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    8/10

    Kevin | Victoria

    reviewed 9 days ago

  • Overall
    6/10
    Free travel insurance!

    Like most credit cards, the rates are expensive. I like the free travel insurance though! It...

    Like most credit cards, the rates are expensive. I like the free travel insurance though! It seems to cover a lot.

    Price
    5/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    8/10

    Lawrence | Victoria

    reviewed 14 days ago

  • Overall
    1/10
    Needs better customer service.

    We have been loyal to and have had many loans of varying types with NAB for over 16 years. But...

    We have been loyal to and have had many loans of varying types with NAB for over 16 years. But they show absolutely no loyalty back. All accounts were always paid on time and usually paid out early. We also have a great credit rating. But when we applied for an increase in our credit card of $2000 they tried making us jump through hoops to the point that we canceled the procedure. We previously had a credit card with them that had $14,000 higher limit.

    Price
    2/10
    Features
    4/10
    Customer service
    3/10
    Convenience
    6/10
    Trust
    1/10

    Carol | Queensland

    reviewed 22 days ago

  • Overall
    2/10
    Poor communication

    NAB does not communicate effectively with their customers. They do not offer any solutions or...

    NAB does not communicate effectively with their customers. They do not offer any solutions or updates upon products to existing customers.

    Price
    2/10
    Features
    1/10
    Customer service
    2/10
    Convenience
    5/10
    Trust
    2/10

    Allan | Western Australia

    reviewed about 2 months ago

  • Overall
    7/10
    Decent

    We've been with NAB for 56 years. They are very convenient to use.

    We've been with NAB for 56 years. They are very convenient to use.

    Price
    -1/10
    Features
    -1/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10

    Bob | Queensland

    reviewed about 1 year ago

NAB

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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