Can a credit card really be kind to cardholders? Well, the NAB Low Rate Credit Card has a 0% p.a. balance transfer rate for 32 months (and then 21.74% p.a.) and there's also an annual fee waiver for the first year (usually $59) and up to 55 days interest free.
The NAB Low Rate Credit Card hits the ground running with a 12.99% p.a. purchase rate which is fairly standard for a low rate card. The annual fee is also a relatively low $59, but NAB will actually waive this for the first year for new cardholders.
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.
This card could be a solid option for people looking for a relatively low rate, low fee card, or for anyone looking to get on top of their card debt over a longer timeframe.
Like most credit cards, the NAB Low Rate credit card has a high cash advance rate (21.74% p.a.) which will start accruing interest immediately if you withdraw cash using the card.
| 12.99% p.a. | |
| none | |
| 0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee) | |
| yes | |
| 21.74% p.a. | |
| 55 |
| $59.00 | |
| $0 in the first year | |
| none | |
| none | |
| $15.00 | |
| 2%, Min $2.50 | |
| 3.00% | |
| $0.00 | |
| $0.00 | |
| $0.00 |
| $25.00 | |
| 2.0 | |
| 1 | |
| none |
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Standard balance transfer rate of 0% for 6 months is not available in conjunction with the balance transfer special offer.
Can’t complain, they have been good to me.
Read full reviewCan’t complain, they have been good to me.
I have found my local NAB branch workers to be great. You can talk with them and they take the time to make sure you understand what they are telling you. Just very friendly people working there.
Read full reviewI have found my local NAB branch workers to be great. You can talk with them and they take the time to make sure you understand what they are telling you. Just very friendly people working there.
The ease of using the NAB app is why I’ve given an excellent score. Also when I’ve had to call customer service, it’s been quick and easy, speaking to Australian call takers.
Read full reviewThe ease of using the NAB app is why I’ve given an excellent score. Also when I’ve had to call customer service, it’s been quick and easy, speaking to Australian call takers.
I like that I can do everything online now. The few times I’ve needed to go to the branch the staff have been helpful.
Read full reviewI like that I can do everything online now. The few times I’ve needed to go to the branch the staff have been helpful.
I like using NAB because they credit your money forward early and their arm's are easy to use.
Read full reviewI like using NAB because they credit your money forward early and their arm's are easy to use.
NAB
Low Fee Card
19.74% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$30
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Qantas Rewards Premium Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$250
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
NAB
Rewards Platinum Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$195
NAB
Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$395 $295 in the first year
NAB
Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$295
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
PayPal
Rewards Card
20.99% p.a.
0% p.a. for 20 months and then 20.99% p.a.
$0
PayPal Rewards
Kogan Money
Black Card
20.99% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$0
Kogan Rewards Points
St.George
Vertigo
13.99% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Velocity Platinum Card
Velocity Frequent Flyer
$375
120,000
1.25 points uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Kogan Money
Black Card
0% p.a. for 12 months and then 21.74% p.a.
20.99% p.a.
$0
Kogan Rewards Points
Great Southern Bank
Low Rate Credit Card
0% p.a. for 25 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 11.99% p.a.
$45
PayPal
Rewards Card
0% p.a. for 20 months and then 20.99% p.a.
20.99% p.a.
$0
PayPal Rewards
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
humm90
Mastercard
0% p.a. for 36 months and then 25.99% p.a. (0% balance transfer fee)
23.99% p.a.
$99
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
NAB
Low Rate Card
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
David Jones
American Express Platinum Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$295
NAB
StraightUp Card
0% p.a.
No current offer
$180 $15/month - waived if no spend & no balance owing
BankSA
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
