Can a credit card really be kind to cardholders? Well, the NAB Low Rate Credit Card has a 0% p.a. purchase rate for 20 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.
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, but the best part is, for the first 20 months you can make interest-free purchases. Just bear in mind a one-off 2% balance transfer fee also applies.
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.
This card could be great for people looking to repay debt over a longer timeframe.
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.
12.99% p.a.
none
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
yes
21.74% p.a.
55
$59.00
none
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.
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.
Why can't they look after long term customers with the same offers they make to new customers.
Read full reviewWhy can't they look after long term customers with the same offers they make to new customers.
I have a staff member product as I am a retired employee and as such get a good deal with some products. I worked for NAB for 40 years and know that generally they do care about customers and aim to do the best for them. Their products are generally similar to all other major Banks but some may vary slightly so investigation of alternatives is a good idea.
Read full reviewI have a staff member product as I am a retired employee and as such get a good deal with some products. I worked for NAB for 40 years and know that generally they do care about customers and aim to do the best for them. Their products are generally similar to all other major Banks but some may vary slightly so investigation of alternatives is a good idea.
Customer service is excellent.
Read full reviewCustomer service is excellent.
I'd never recommend a credit card to anyone. I've had this for 10 years and need to review. Can't fault NAB service but their internet banking is as good as it could be.
Read full reviewI'd never recommend a credit card to anyone. I've had this for 10 years and need to review. Can't fault NAB service but their internet banking is as good as it could be.
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
Promoted
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
Promoted
NAB
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
Promoted
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
Promoted
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
Promoted
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
Promoted
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
Promoted
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
Promoted
Westpac
Low Rate
13.74% p.a.
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Promoted
Bankwest
Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
$0
Promoted
American Express
Qantas Discovery Card
20.74% p.a.
No current offer
$0
Qantas Frequent Flyer
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 10.99% p.a.
2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)
$49
Promoted
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Promoted
ANZ
Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
Promoted
Citi
Rewards Credit Card
21.49% p.a.
0% p.a. for 30 months and then 22.24% p.a. (1.50% balance transfer fee)
$199 $0 in the first year
Citi Rewards Program
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 15 months then 10.99% p.a.
2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)
$69
Promoted
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Promoted
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
60,000
0.5 points uncapped
Promoted
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Promoted
Westpac
Altitude Black
Altitude Rewards
$250
150,000
1.25 points uncapped
Promoted
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
55,000
1.25 points uncapped
Promoted
Bankwest
More Platinum Mastercard
Bankwest More Rewards
$160
75,000
2 points up to 400,000 points/year
Promoted
David Jones
American Express Card
Membership Rewards
$99
15,000
1 point uncapped
Promoted
Bankwest
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
Promoted
Westpac
Low Rate
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Promoted
Citi
Clear Credit Card
0.90% p.a. for 15 months and then 22.24% p.a.
0.90% p.a. for 15 months then 14.99% p.a.
$99
Promoted
NAB
Low Rate Card
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59
Promoted
Westpac
Low Rate
13.74% p.a.
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Promoted
Citi
Clear Credit Card
0.90% p.a. for 15 months then 14.99% p.a.
0.90% p.a. for 15 months and then 22.24% p.a.
$99
Promoted
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 10.99% p.a.
2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)
$49
Promoted
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
Promoted
ANZ
Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 15 months then 10.99% p.a.
2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)
$49
Promoted
ANZ
Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 15 months then 10.99% p.a.
2.99% p.a. for 9 months and then 10.99% p.a. (0% balance transfer fee)
$69
Promoted
Citi
Clear Credit Card
0.90% p.a. for 15 months then 14.99% p.a.
0.90% p.a. for 15 months and then 22.24% p.a.
$99
Promoted
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Promoted
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
Promoted
ANZ
Platinum
0% p.a. for 17 months then 20.24% p.a.
No current offer
$87 $0 when you spend over $20,000 p.a, $0 in the first year
