• Purchases are interest-free for up to 55 days.
• Additional cardholder at no extra cost. (You stay responsible for all use of the account.)
• Your choice of a pink or silver card.
• Add Lost Card Cover for $59 a year.
• Access to NAB Cellar Selections – your gateway to 400+ Australian wine producers, brought to you by Wine Selectors.
• Contactless purchases with Visa payWave.
• Special offers on shows, events, experiences and movies from Visa Entertainment.
• Emergency travel assistance from Visa Global Customer Assistance Services , 24 hours, 7 days.
• Secure online shopping with Verified by Visa.
• Know if you've been approved within 60 seconds.
• The balance transfer rate will revert to the purchase rate at the end of the balance transfer period.
• Read the terms and conditions

• 4.99% p.a. for 6 months on balance transfers.
• Uses Visa payWave for making purchases contactless.
• Special offers and rewards from NAB Cellar Selections and Visa Entertainment.
• Get approval within 60 seconds of making your online application.
• The interest payable on balances reverts to the higher purchase rate at the end of the balance period.

How does the NAB Low Rate Visa Credit Card compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	NAB Low Rate Visa Credit Card	13.24%	21.74%	$59	4.99%	6 months
	The Average Credit Card	17.13%	21.03%	$95	2.87%	8 months

You can transfer from:



• American Express
• ANZ
• Aussie
• Bank of Melbourne
• Bank of Queensland
• Bank SA
• Bankwest
• Citibank
• Commonwealth Bank
• HSBC
• St.George
• Suncorp
• Virgin
• Westpac
• Woolworths

You cannot transfer from:



• NAB

Low rates are the name of the game for the NAB Low Rate credit card with both a cheap balance transfer deal and an ongoing low interest on purchases. Even the annual fee is low. It’s got all the usual Visa security and entertainment features plus some new ones like Visa PayWave for faster payments.

Pros

Without doubt the best feature of the NAB Low Rate credit card is its low interest rates. It comes with super low introductory interest rates that make it easy for you to save money. If you’ve got an outstanding balance on your existing card (or cards), then the promotional balance transfer offer of 4.99% p.a. for 6 months will dramatically reduce the amount of interest you’ll be paying. This can free up some extra cash that can then be used to pay your debt off faster. When the balance transfer offer period expires in 6 months, any of the remaining balance that was originally transferred will be charged at the 13.24% p.a. purchase rate.

The low interest rates don’t stop there either. NAB’s Low Rate credit card also features a low 13.24% p.a. interest rate on purchases, a rate that’s well below the market average.

At only $59 p.a., the annual fee is also fairly insignificant and won’t heavily negate the potential savings made with the low interest purchase and balance transfer rates.

The NAB Low Rate credit card has got typical features including secure online shopping with ‘Verified by Visa,’ emergency travel assistance from Visa Global Customer Assistance Services (24/7), special offers on shows, events, experiences and movies from Visa Entertainment, and the new, faster way to pay for purchases under $100 – Visa PayWave. Using contactless technology, you don’t have to swipe your card, sign your name, or even enter your PIN for small purchases whilst still being able to use the card as normal for larger purchases and online shopping.

Additionally you can choose between the pink or silver card, add an extra cardholder at no extra cost, enjoy 55 interest free days on purchases, add Lost Card Cover and enjoy access to NAB Cellar Selections.

Cons

It’s a good, but fairly standard card and not one that customers will necessarily be diving for. The rates are low but the card has some tough competition from the likes of the ANZ Low Rate MasterCard and Citibank Clear Platinum, especially with the reward earning cards out there with which you can earn rewards per dollar spent.

The card’s balance transfer offer is comparatively cheap, but it would be good if the introductory period was to be extended for longer.

Remember that if you are on top of your repayments each month, the rates on the card won’t make too much difference to you. As with any credit card, be sure to be in control of your spending and repayments.

Conclusion

The NAB Low Rate Visa credit card suits more of a low income earner or someone looking for a card that ticks all the basic boxes. Its low interest rates on balance transfers and purchases also mean that this card can help you get out of debt and save money in the long term. If you just need a card for everyday use, this card could serve you well.