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
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?
Latest reviews of NAB Low Rate Card
-
Difficult to move fast!
Deals and trust issues. Track record not perfect.
Read full reviewDeals and trust issues. Track record not perfect.
Price8/10Features7/10Customer service7/10Convenience8/10LessTrust5/10 -
Dissapointed.
Horrible to deal with in person.
Read full reviewHorrible to deal with in person.
Price0/10Features4/10Customer service2/10Convenience6/10LessTrust0/10 -
Easy and value.
Have found NAB to be competitive, reliable and easy to deal with.
Read full reviewHave found NAB to be competitive, reliable and easy to deal with.
Price7/10Features-1/10Customer service7/10Convenience9/10LessTrust8/10 -
Great card.
Great, simple credit card with low rate.
Read full reviewGreat, simple credit card with low rate.
Price10/10Features10/10Customer service10/10Convenience9/10LessTrust10/10 -
Better than most
Nice and easy to use.
Read full reviewNice and easy to use.
Price8/10Features8/10Customer service9/10Convenience8/10LessTrust9/10
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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