NAB Low Rate Platinum Card

The details shown below are for a card without rewards

The details shown below are for a card without rewards

Choose the version of credit card that suits you best

  • Low Rate Platinum Card (Cashback Exclusive)

    Rewards: n/a

  • Low Rate Platinum Card

    Rewards: n/a

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

13.99% p.a.

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

$100

n/a

0% p.a. for 9 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 9 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: 15 August 2018.

What's hot:
  • 0% p.a. on balance transfers for 6 months (2% BT fee applies)

  • Up to $240 cashback a year (minimum spend applies)

  • 2017 Mozo Experts Choice winner

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), the new NAB Low Rate Platinum Card will heap you blast away your debt. Add the comprehensive set of complimentary insurance offers and low 13.99% purchase rate and it's little surprise that it was awarded a 2017 Mozo Experts Choice Award for both Best Low Rate and Best Balance Transfer 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. 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.

If you're ready to start spending on your new piece of plastic, you can snag $20 cashback each month for the first year - that's $240 back in your pocket in total. To claim this, you'll need to spend $1,500 on your card each statement period, so it's a great bonus for big spenders.

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 21 September 2018.

Rates
  • 13.99% p.a.

  • none

  • 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%

  • $7.00

  • $2.50

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Google Pay, Samsung Pay, Garmin, Fitbit, PayTag

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

$20 cashback each month you spend $1,500 for the first 12 months. Travel Insurance, Extended Warranty, Purchase Protection, Guaranteed Pricing, Domestic Hotel Burglary Insurance

Details

Rates and fees information correct as at 21 September 2018.

Rates
  • 13.99% p.a.

  • 0% p.a. for 9 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%

  • $7.00

  • $2.50

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Google Pay, Samsung Pay, Garmin, Fitbit, PayTag

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 4123 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
    0/10
    Bad online service

    They ignore your messages and instructions

    They ignore your messages and instructions

    Price
    -1/10
    Features
    -1/10
    Customer service
    0/10
    Convenience
    -1/10
    Trust
    0/10

    Ross | New South Wales

    reviewed about 17 hours ago

  • Overall
    5/10
    Interest is high

    No rewards, Interest high

    No rewards, Interest high

    Price
    0/10
    Features
    0/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10

    Frances | Queensland

    reviewed 8 months ago

  • Overall
    10/10
    Friendly & helpful

    They are a great bank and are so easy to deal with

    They are a great bank and are so easy to deal with

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

    Kerri | Queensland

    reviewed 9 months ago

  • Overall
    8/10
    NAB is my preferred bank

    I have never had the need to switch banks. I'm happy with the services provided by NAB. I'm...

    I have never had the need to switch banks. I'm happy with the services provided by NAB. I'm always treated as a valued customer.

    Price
    6/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Mr. | New South Wales

    reviewed over 1 year 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.

See NAB credit cards