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: 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?

Overall customer rating
7.2/10

Based on 1409 NAB credit card reviews

Price
6.3/10
Features
6.4/10
Customer service
7.2/10
Convenience
7.6/10
Trust
7.4/10

Latest reviews of NAB Low Rate Card

  • Overall
    6/10
    Happy with it

    It's ok, nothing special.

    It's ok, nothing special.

    Price
    5/10
    Features
    2/10
    Customer service
    4/10
    Convenience
    7/10
    Trust
    7/10

    Catherine | VIC

    03 Apr 2018

  • Overall
    5/10
    Great customer service

    The staff are always very helpful and pleasant when I have questions or enquiries.

    The staff are always very helpful and pleasant when I have questions or enquiries.

    Price
    6/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    8/10
    Trust
    5/10

    Catherine | QLD

    19 Feb 2018

  • Overall
    8/10
    Meets my needs.

    I have always had good service and help from my bank.

    I have always had good service and help from my bank.

    Price
    7/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10

    Jannine | NSW

    22 Jan 2018

  • Overall
    5/10
    Good

    It's OK

    It's OK

    Price
    5/10
    Features
    6/10
    Customer service
    3/10
    Convenience
    5/10
    Trust
    5/10

    Craig | VIC

    08 Dec 2017

  • Overall
    10/10
    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...

    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.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Tracey | QLD

    08 Dec 2017

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.

See NAB credit cards