NAB Low Rate Platinum Card

0% p.a. for 9 months then 13.99% p.a.

4.99% p.a. for 6 months and then 21.74% p.a.


NAB Low Rate Platinum Card Review

Rates and fees information correct as at 17 December 2017.

Review published: 7 December 2016

What's hot:

  • 0% p.a. on balance transfers for 6 months

  • Seven complimentary insurances

  • 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, 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.

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.

How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust

Based on 1409
NAB credit cards reviews

6.3 6.4 7.2 7.6 7.4

Read NAB credit card reviews by the Mozo community

Latest review of NAB Low Rate Platinum Card


NAB Low Rate Platinum Card credit card review

Overall rating   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 always treated as a valued customer.

Full review

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   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10


Mr. (NSW), reviewed 12 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.


  • 13.99% p.a.

  • 0% p.a. for 9 months

  • 4.99% p.a. for 6 months and then 21.74% p.a.

  • yes

  • 21.74% p.a.

  • 55


  • $100.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.00

  • $2.50

  • $0.00

Other financial bits

  • $25.00

  • 2.0


  • 1

  • none

  • Standard balance transfer rate of 0% for 6 months is not available in conjunction with the balance transfer special offer; Travel Insurance, Extended Warranty, Purchase Protection, Guaranteed Pricing, Domestic Hotel Burglary Insurance

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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