NAB Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
n/a
NAB Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
n/a
0% p.a. for 6 months then 13.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
n/a
Mozo Review NAB Low Rate Card Review
Last updated: 20 November 2017.
What's hot:
$59 annual card fee
0% p.a on purchases for 6 months
Up to 55 interest free days
What's not:
21.74% cash advance rate
No reward program
Mozo snapshot:
Can a credit card really be kind to cardholders? The NAB Low Rate credit card has a 0% purchase rate for 6 months and there is also a friendly low annual fee of $59 and you won't be punished (well, not too harshly) for the odd late bill.
Key features:
No matter what your credit requirements are this year, the NAB Low Rate card could suit you.
The purchase rate for the NAB Low Rate is 13.99% which is fairly standard for a low rate card, but the best part is, for the first 6 months you can put purchases on your card interest free.
The late payment fee is $15 - hard to believe when other cards will whack you with penalties of $35 and up - but with 55 days interest free, you'd never stray into late-payment territory, right? And the fee for running over limit? Nada.
It's a Visa card so you can Tap and Go for purchases under $100 and use it anywhere in the world where Visa is accepted. Overseas transactions (in person and online) will attract a 3% foreign exchange margin.
Who it's good for:
Those looking to repay debt over a long timeframe.
Any catches?
Like most credit cards, the NAB Low Rate credit card has a high cash advance rate (21.74%) which will start accruing interest immediately if you withdraw cash using the card.
Details
Rates and fees information correct as at 16 August 2018.
Rates
-
13.99% p.a.
-
0% p.a. for 6 months
-
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
-
yes
-
21.74% p.a.
-
55
Fees
-
$59.00
-
none
-
none
-
none
-
$15.00
-
2%, Min $2.50
-
3.00%
-
$7.00
-
$2.50
-
$0.00
Features
-
$25.00
-
2.0
-
1
-
none
Payment options
Google Pay
Samsung Pay
Garmin
Fitbit
PayTag
Other benefits
Standard balance transfer rate of 0% for 6 months is not available in conjunction with the balance transfer special offer.
Customer Reviews
How are NAB credit cards rated by the Mozo community?
Latest reviews of NAB Low Rate Card
- Overall6/10
Happy with it
It's ok, nothing special.
Read full review
It's ok, nothing special.
Price5/10Features2/10Customer service4/10Convenience7/10Trust7/10Less
Catherine | VIC
03 Apr 2018
- Overall5/10
Great customer service
The staff are always very helpful and pleasant when I have questions or enquiries.
Read full review
The staff are always very helpful and pleasant when I have questions or enquiries.
Price6/10Features3/10Customer service4/10Convenience8/10Trust5/10Less
Catherine | QLD
19 Feb 2018
- Overall8/10
Meets my needs.
I have always had good service and help from my bank.
Read full review
I have always had good service and help from my bank.
Price7/10Features-1/10Customer service8/10Convenience9/10Trust8/10Less
Jannine | NSW
22 Jan 2018
- Overall5/10
Good
It's OK
Read full review
It's OK
Price5/10Features6/10Customer service3/10Convenience5/10Trust5/10Less
Craig | VIC
08 Dec 2017
- Overall10/10
I would recommend NAB credit cards to anyone
Nab have been very good to me as I am struggling to pay it back - they had an option for me to...
Read full review
Nab have been very good to me as I am struggling to pay it back - they had an option for me to pay it back with less money.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Tracey | QLD
08 Dec 2017
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.
See NAB credit cards
