NAB Low Rate Platinum Card

0% p.a. for 15 months then 13.99% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$100

n/a

NAB Low Rate Platinum Card

0% p.a. for 15 months then 13.99% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$100

n/a

Mozo Review   NAB Low Rate Platinum Card Review

Last updated: 21 October 2019.

What's hot:
  • 0% p.a. on purchases for 15 months (13.99% after)

  • 13.99% purchase rate

  • 2019 Mozo Experts Choice Award

What's not:
  • Balance transfers revert to the high 21.74 % p.a. cash advance rate

Mozo snapshot:

With an 0% balance transfer offer for the first 6 months (2% BT fee) or 0% p.a. on new purchases for the first 15 months, the new NAB Low Rate Platinum Card will help you blast away your debt or spend worry-free. It also has a comprehensive set of complimentary insurance offers and low 13.99% ongoing purchase rate. The Platinum Card even took out a 2019 Mozo Experts Choice Award for best Low Rate Platinum Credit Card.

Key features:

The NAB Low Rate Platinum Card has a low 13.99% standard purchase rate, which is one of the lower interest rates for a Platinum card. Plus, for the first 15 months, you can spend interest free (keep in mind any leftover balances after that will start attracting interest at the usual rate.) The card has an annual fee of $100 and there is a $15 late payment fee so be sure that you automate any repayments.

If you have credit card debt and are wanting to take advantage of the 0% p.a. balance transfer offer be sure to have a plan to pay it off before the end of the 6 month balance transfer period as any remaining balance will revert to the high 21.74% cash advance rate. And remember that there's a 2% balance transfer fee to consider.

Like many other credit cards if you make overseas purchases on the card you’ll need to factor in an overseas transaction fee which is 3% of the AUD purchase amount.

NAB’s Low Rate Platinum Card is also the perfect companion for any avid traveller, with a range of complimentary travel insurance that will give you peace of mind while you’re away. Spend just $500 on transport or accommodation costs while planning your trip on the card and you’ll  be covered for lost luggage, overseas medical expenses and travel cancellation, making that $100 annual card fee feel like a drop in the ocean. The card also includes transport accident insurance, interstate flight inconvenience insurance, and domestic hotel burglary insurance.

In addition to travel insurance options, the card includes price protection insurance. This  allows you to snag the best deals whenever you shop as NAB will reimburse you the difference between the price you paid and any lower advertised price for the same item. The extended warranty insurance  gives you an extension of up to 12 months on top of the original Australian manufacturer's warranty for new domestic appliances. 

Who it's good for:

Globetrotters and shoppers alike who want to take advantage of interest-free spending and comprehensive insurance benefits without a high price tag.

Any catches?

The card has a $6000 minimum credit limit, so be sure you are comfortable with having access to this amount of credit, remember that you’ll have to pay back those purchases eventually.

Details

Rates and fees information correct as at 10 December 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 15 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
  • $100.00

  • 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

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Domestic Hotel Burglary Insurance

Other benefits

Travel Insurance, Extended Warranty, Purchase Protection, Guaranteed Pricing, Domestic Hotel Burglary Insurance

Customer Reviews

How are NAB credit cards rated by the Mozo community?

Overall customer rating
6.7/10

Based on 4192 NAB credit card reviews

Price
5.9/10
Features
6.0/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of NAB Low Rate Platinum Card

  • Overall
    5/10
    Understanding customer service.

    Very understandable during hard times over recents years with supportive customer service.

    Very understandable during hard times over recents years with supportive customer service.

    Price
    5/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    5/10

    Vicki | New South Wales

    reviewed 22 days ago

  • Overall
    2/10
    Few rewards, high fees.

    Yearly fees are too high.

    Yearly fees are too high.

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

    Dion | Queensland

    reviewed about 1 month ago

  • Overall
    4/10
    Exorbitant fees.

    The rewards program is pretty good but the fees are exorbitant.

    The rewards program is pretty good but the fees are exorbitant.

    Price
    2/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    4/10

    Mariel | New South Wales

    reviewed about 1 month ago

  • Overall
    7/10
    Good

    Good product locally and overseas.

    Good product locally and overseas.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    8/10

    Richard | Queensland

    reviewed about 2 months ago

  • Overall
    10/10
    Fantastic

    They are fantastic. I am totally happy.

    They are fantastic. I am totally happy.

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

    John | New South Wales

    reviewed 11 months ago

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.

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