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NAB Low Rate Business Card

Advertiser disclosure
Purchase rate
0% p.a. for 12 months then 13.25% p.a.
Balance transfer rate
No current offer
Annual fees
$60 $0 in the first year
Interest free days on purchases
55

Mozo editorial review NAB Low Rate Business Card

Last updated: 15 October 2020.

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What's hot
  • 0% purchase rate for the first 12 months (13.25% after)
  • Annual fee waived for the first 12 months
  • Pay with Apple Pay, Google Pay, Samsung Pay, Garmin and Fitbit
  • 2020 Mozo Experts Choice Award
What's not
  • $60 annual fee after the first year
Mozo snapshot

For business owners looking for a card that offers a low rate and plenty of benefits, the 2020 Mozo Experts Choice Award winning NAB Low Rate Business Card is a hard one to pass up. For the first year, you’ll be treated to a 0% purchase rate, which will revert to a competitive 13.25% p.a. once the year is up. Even more good news for you business: the annual fee of $60 will also be waived for the first year.

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Key features

The NAB Low Rate Business Card comes with a low 13.25% p.a. purchase rate and an annual fee of $60, but for the first 12 months the annual fee is waived and you won’t pay any interest on purchases. You’ll also have up to 55 interest-free days on purchases you make, which should be plenty of time to keep your balance paid off and under control, even after the introductory interest free period.

Once you’ve signed up, you’ll be able to attach multiple cards to the account and receive monthly statements for each cardholder separately. NAB’s Commercial Cards Unauthorised Transaction Insurance will also ensure that you’re covered in case of any unapproved activity on your account by cardholders.

You’ll also find you’re also eligible for a number of perks as part of the Visa Commercial Offers program. These include discounts on software, productivity tools, and various other services that aim to help your business grow.

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Who is it good for

As the name suggests, this card is for business purchases only. It’s available for sole traders, partnerships with up to two people, companies with up to five directors, and trustees of an eligible trust.

To apply for the card, you'll have to meet a few requirements. You’ll need to be over the age of 18 and an Australian resident, and your business should have a registered ABN / ACN and a minimum annual turnover of $75,000. You’ll also need to provide 12 months of your business’ financial data, which can be uploaded online from your accounting software. 

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Any catches

If you’re getting cash out at an ATM, you should know that, as with any other credit card, this isn’t included in the 55 interest-free days, so you’ll pay interest on it immediately.

Details

Rates and fees information correct as at 1 December 2020 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
  • 13.25% p.a.

  • 0% p.a. for 12 months

  • No current offer

  • none

  • 13.25% p.a.

  • 55

Fees
  • $60.00

  • $0 in the first 1 year

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $0.00

  • $0.00

  • $60.00

Features
  • $10.00

  • 2.5

  • multiple

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Rewards privileges

Purchase Protection

Customer Reviews

This product is not currently reviewed.

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

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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

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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

NAB

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

NAB

NAB

StraightUp Card

0% p.a.

No current offer

$240 $20/month - waived if no spend & no balance owing

Westpac

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13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

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Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

CUA

CUA

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11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

ME

ME

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11.99% p.a.

No current offer

$0

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Platinum Credit Card

19.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$149 $0 in the first year

CUA Platinum Rewards

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Citi

Citi

Rewards - e-voucher Offer

Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Amplify Rewards

$99 $0 in the first year

No current offer

1 point uncapped

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

St.George

St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

ANZ

ANZ

First

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

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11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

NAB

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

Bank of Melbourne

Bank of Melbourne

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year