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

Mozo Review   NAB Low Rate Card Review

Last updated: 19 March 2020.

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? Well, the NAB Low Rate Credit Card has a 0% p.a. purchase rate for 6 months and there's also a nice low annual fee of $59 and you won't be punished (well, not too harshly) for the odd late bill.

Key features:

The NAB Low Rate Credit Card hits the ground running with a 13.99% p.a. purchase rate which is fairly standard for a low rate card, but the best part is, for the first 6 months you can make interest-free purchases.

The late payment fee is $15 - hard to believe when loads of 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 the limit? Nada.

It's a Visa card so you'll be able to Tap and Go on purchases under $100 and use it anywhere in the world where Visa is accepted. Keep in mind that overseas transactions (in person and online) will attract a 3% foreign exchange margin.

Who it's good for:

This card could be great for people looking to repay debt over a longer 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 5 April 2020 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
  • 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%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

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

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?

Overall customer rating
6.7/10

Based on 4213 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 Rate Card

  • Overall 7/10
    Difficult to move fast!

    Deals and trust issues. Track record not perfect.

    Read full review

    Deals and trust issues. Track record not perfect.

    Price
    8/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Ross, Queensland reviewed 2 days ago
  • Overall 2/10
    Dissapointed.

    Horrible to deal with in person.

    Read full review

    Horrible to deal with in person.

    Price
    0/10
    Features
    4/10
    Customer service
    2/10
    Convenience
    6/10
    Trust
    0/10
    Less
    Hugh, Victoria reviewed 6 days ago
  • Overall 7/10
    Easy and value.

    Have found NAB to be competitive, reliable and easy to deal with.

    Read full review

    Have found NAB to be competitive, reliable and easy to deal with.

    Price
    7/10
    Features
    -1/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    8/10
    Less
    David, Victoria reviewed 4 months ago
  • Overall 10/10
    Great card.

    Great, simple credit card with low rate.

    Read full review

    Great, simple credit card with low rate.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Kelly, New South Wales reviewed 5 months ago
  • Overall 9/10
    Better than most

    Nice and easy to use.

    Read full review

    Nice and easy to use.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Alexandra, New South Wales reviewed over 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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