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
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: 10 September 2019.
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 will benefit from a card like this.
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 17 November 2019 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
- Overall6/10
Nervous and under-committing.
Their business edicate and track record makes make consumers more wary of them!
Read full review
Their business edicate and track record makes make consumers more wary of them!
Price8/10Features5/10Customer service6/10Convenience7/10Trust5/10Less
Ross | Queensland
reviewed 4 days ago
- Overall10/10
Great card.
Great, simple credit card with low rate.
Read full review
Great, simple credit card with low rate.
Price10/10Features10/10Customer service10/10Convenience9/10Trust10/10Less
Kelly | New South Wales
reviewed 12 days ago
- Overall9/10
Better than most
Nice and easy to use.
Read full review
Nice and easy to use.
Price8/10Features8/10Customer service9/10Convenience8/10Trust9/10Less
Alexandra | New South Wales
reviewed 11 months ago
- Overall8/10
Good customer service
NAB satisfies my needs.
Read full review
NAB satisfies my needs.
Price5/10Features5/10Customer service7/10Convenience8/10Trust8/10Less
Jorge | New South Wales
reviewed 12 months ago
- Overall6/10
Happy with it
It's ok, nothing special.
Read full review
It's ok, nothing special.
Price5/10Features2/10Customer service4/10Convenience7/10Trust7/10Less
Catherine | Victoria
reviewed over 1 year ago
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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