NAB Low Fee Card | Review Details & Apply Online

NAB Low Fee Card

Card features
balance transfer
purchase rate
annual fee
NAB Low Fee Card
Low $30 p.a. ongoing annual fee.
Complimentary purchase protection insurance.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Add to comparison
6 months
0% p.a.
then 21.74%
with a 2% fee
19.74% p.a.

Pros & cons

What's good?

What's not so good?

Low $30 p.a. ongoing annual fee.
Complimentary purchase protection insurance.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Additional cardholder at no extra cost.
Enable for Apple Pay and payWave “tap and go” technology to make in store purchases even faster.
There is no promotional balance transfer offer.

*NAB may vary or end this offer at any time.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the NAB Low Fee CardReviewed by Yvonne Taylor

Low fee, or no fee? Which is best?

It all depends on how much built-in value you expect from your credit card. While it’s not difficult to find a credit card charging no fee at all, a no-fee card is often a ‘no benefits’ card too. If you want your credit card to deliver some inexpensive perks as well as just being a convenient line of credit and payment tool, you may want to compromise with a low-fee card, rather than one that is completely free. The NAB Low Fee Card has a zero-interest introductory offer on balance transfers, complimentary purchase protection insurance, the added advantages that come with a Visa card, plus the latest speedy payment and transaction security technology.

0 percent p.a. on balance transfers for six months

You can transfer a balance from your existing non-NAB credit card (or cards, if you have more than one) and pay no interest on the outstanding amount for six months. This will give you some breathing space to get your financial life in order if you are having difficulty repaying your balance and are currently being charged interest of 20 percent p.a. or more. There is, however, a 2 percent transfer fee to pay upfront, which will reduce slightly the amount you can save.

For example, if you transfer $5,000 from a card where you are currently paying 20 percent p.a. on the balance, you would save $495 in interest charges but pay a $100 fee upfront, reducing your savings to $395.

Use a balance transfer to reduce your mortgage cost

Even if your finances are perfectly organised and you can afford to pay off your balance immediately, you could still take advantage of a balance transfer by depositing the cash in a bank account instead of paying off the balance, allowing you to earn interest on it instead.

Better still, put it in your mortgage offset account and reduce the balance on which you are paying mortgage interest at around 4 percent p.a. If you put $3,000 in a mortgage offset account instead of using it to clear your balance, you could reduce your mortgage interest cost by around $60 over a six-month period.

Use a balance transfer to finance a major purchase

Alternatively, you might want to make a major purchase on your existing card, then transfer the balance to your NAB card and take your time paying it off without incurring interest. Don’t do this kind of thing too often, though. Switching credit cards too frequently may have an adverse effect on your credit history and score.

Balance transfer risks

Unfortunately, having an unpaid balance transfer on your account means you’ll forfeit the 44 interest-free days on purchases that you would normally be entitled to every month. So for the first six months you’d probably want to use another card, or cash, for purchases.

If you can’t pay off the transferred balance in full after the six-month interest hiatus, you’ll come crashing down to earth when the revert rate of 21.74 percent p.a. is applied to your balance.

‘Low fee’ does not mean ‘low rate’

Remember that this is a low-fee card but not a low-rate card. The ongoing purchase rate of 19.74 percent p.a. and the cash advance rate of 21.74 percent p.a. are both near the top end of credit card interest rates. If you think there is a possibility that you will have credit card debt (other than the interest-free balance transfer) for more than a few weeks at most, choose a low rate card instead.

Complimentary purchase protection insurance

Shop with confidence knowing that most new items for your personal use, purchased using the card, are protected against loss, theft or damage for three months. Motor vehicles and boats are not covered, however, and the maximum claim for jewellery, watches and artworks is $2,500. The cover is otherwise very extensive, with a generous annual claim limit of $100,000.

Built-in Visa benefits

Although this is not a platinum card, it still comes with several advantages provided by Visa:

  • Visa Entertainment. Get access to the best seats in the house for live events before they go on sale to the general public.
  • Visa Global Customer Assistance Service. If your credit card is lost or stolen in Australia, it’s relatively easy to contact the issuing bank to cancel the card and get a replacement. When you are travelling overseas it could be much more difficult, but Visa is there to lend a helping hand with a list of toll-free telephone numbers to use in card emergency situations, wherever you are in the world.
  • Verified by Visa. Online shopping is a whole lot safer with the extra layer of security provided by optional passwords or one-time PINs delivered by SMS, to make sure that the person using the card online is in fact you, the authorised user.

More security from NAB Defence

When you have a credit card issued in your name, you are expected to take normal precautions, like keeping it in a safe place, not disclosing your PIN, and advising the bank or Visa immediately if the card is lost or stolen.

But even the most careful people can fall victim to credit card fraud. That’s where NAB Defence comes in. NAB will monitor your account, looking for high-risk transactions. They’ll advise you of any suspected fraud, and investigate it. And they’ll reimburse you 100 percent of any fraudulent transactions that were not your fault.

Latest payWave technology

A low-fee card does not have to be a low-tech card. For purchases under $100, you can sail through the checkout in seconds, courtesy of the “tap and go” embedded chip which cuts out the need for either swiping or inserting the card and entering a PIN. You can still tap for transactions over $100, but you will need to enter your PIN.

A couple of shortcomings

Unfortunately, most of NAB’s credit cards come with ‘up to 44 days interest free’ instead of the more generous ‘up to 55 days interest free’ that many card issuers offer. The NAB Low Fee Card is one of the 44-day cards, so you will receive 132 fewer interest-free days each year when compared with a 55-day card. That’s 132 days less for your cash to spend in a savings or mortgage offset account. In the current low-interest environment it doesn’t make an enormous amount of difference (about $43 per year in lost interest income if your average monthly balance is $3,000), but it’s something you’ll need to think about before making your decision.

Another drawback is the $100 overseas emergency card replacement fee, which is certainly on the steep side. The message here is that you should keep a tight hold of your card when travelling.

A lot of freedom from interest plus peace of mind for $30 per year

So, what do you get for paying this card’s very low $30 annual fee? First of all, you’ll get a supplementary card, if you need one, free of charge. Then you’ll get the interest-free balance transfer option. And every year you can experience the extra security of a purchase protection insurance policy, and the confidence of using your card without worrying about fraud because both NAB and Visa are taking care of that situation.

Competing low fee cards

There are other low-annual-fee cards with comparable benefits, such as the Westpac 55 Day Credit Card and the St. George Vertigo Visa. Check out all the competitors on our ‘Cheap Credit Cards’ page. You’ll find it by clicking on ‘Features’ at the top of this page, then ‘All features’. Scroll down to ‘Low Interest Credit Cards’ and select ‘Cheap Credit Cards’.

Ticks most boxes for a low annual cost

The NAB Low Fee Card would make a great starter card for anyone embarking on their financial life – perhaps a student or someone in their first full-time employment. It costs very little, does everything expected of an up-to-date card, and unlike some ‘no-fee’ cards it provides a few extra benefits to give you the feel of what a credit card can do for you beyond handling everyday transactions.

You could test the water with this basic card without making a major cost commitment, before upgrading to a more expensive card with additional features such as broader insurance cover or even rewards points. On the other hand, you may decide to stick with the NAB Low Fee Card because it more than justifies its low cost, without the need for any further complications.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.6 out of 5.0 based on 48 reviews92% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Great card and service, but too tempting for me

Reviewed and recommended by Tara on 19 Dec 2016

I had previously obtained this card because I have been through NAB for a number of years, and it was offered. At first I was questioning whether or not I wanted a credit card, because we all know they can be tricky little things to have. I researched and researched I weighed up pros and cons (not that there were many) and decided I’d give it a go.

It was my first credit card, and I could not have been happier. NAB has been such a blessing to deal with — friendly staff that offer to help as much as possible, they talk to you like a person and not just a customer. They help you find what product is best suited for your needs. I recommend NAB to everyone I know. However, since obtaining this card I have paid the outstanding balance and requested it to be closed, because I was always finding it too tempting to buy the latest technology, or the little decor touches that make a house feel like home. Things that were unimportant and I didn’t need them.

No frills card from good bank with good service

Reviewed and recommended by Julie on 03 Dec 2016

Got to love a bank that doesn’t keep its customers waiting. It’s a great card with no frills, just a low rate. I would recommend the NAB, and this card is definitely worth looking into getting, simply due to the low fees they charge compared to other cards and banks. Service is great too.

Competitive low fees, exceptional service

Reviewed and recommended by Emily on 21 Oct 2016

This was my first credit card with my major bank. I have had no troubles with them over the years and fees and charges remain competitive and low. Linking to my main bank account makes keeping on top of everything easy.

They have also offered exceptional Australian-based customer service when issues have come up. I have never been left feeling like I was not a valued customer.

Nine months interest free, interest still low

Reviewed and recommended by Jess on 17 Oct 2016

I would not go with any other bank. These guys always keep me informed about interest rates, etc. I love my NAB credit card.

I got nine months interest free, and the interest is still low.

I have this card for things that pop up that I might not think about, like fixing my spare tyre and booking a trip home really quickly. Credit cards are wicked.

I would tell my friends about this for sure — well, actually I do.

Credit in a hurry can be a lifesaver

Reviewed and recommended by Pauline on 15 Oct 2016

The credit card is great for using online, or when there’s a bargain and pay day is too far away.

It’s also good for when something breaks and needs to be repaired or replaced in a hurry, for example your fridge or freezer, which has actually happened to me. So having this card in my purse can be a life saver at times.

Low cost, good for emergencies

Reviewed and recommended by K on 29 Sep 2016

It’s easy to use, monthly repayments are in the middle range between high and low, and it has a low interest rate. I have this card because it comes in handy in case of emergencies or if anything unexpected happens. I don’t generally carry cash on me unless i know i am buying something.

i would recommend NAB to everyone as I always get great customer service.

Provides cash when needed

Reviewed and recommended by Lisa on 26 Sep 2016

This card allows me to always have cash when needed, for groceries, holidays and anything that randomly pops up.

I definitely recommend this card to friends and family.

NAB is well-known for low fees and charges.

Reviewed and recommended by Steven on 25 Sep 2016

I don’t use it as a credit card but use it as a convenience instead of carrying cash. NAB is known for low fees and charges and it is recognised as one of the major banks so it is accepted anywhere in the world. Some airlines especially are selective about which cards you can use.

'Low fee' not as low as I expected

Reviewed and recommended by Lua on 22 Sep 2016

I liked the name 'NAB Low Fee Card’ as I expected the fees to be low, as per its name. The convenience is fair, which helps when an emergency arises. However, the fees are not. It would be great if NAB considered lowering them, to help low income earners manage and pay it off when it gets maxed.

Good for people on a budget

Reviewed and recommended by Katie on 20 Sep 2016

This card is great because it has a really low annual fee.

The customer service I have received from NAB regarding the card has been really good too.

It’s a great card for people not concerned with frequent flyer points. It’s suitable for those who want a simple, no-hassle card, and perhaps those who are on a budget.

Show 38 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months2%90% of credit limit21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the NAB Low Fee Card at the promotional balance transfer rate from:

  • NAB Business
  • NAB

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months2%90% of credit limit 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.81% 21.74% p.a.
Purchases 1.65% 19.74% p.a.


Annual fee
$30 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Youth Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

Similar cards

More cards like this one

This card is listed in these comparisons

Protect your identity. Monitor your credit score for free.

Join more than 17,000 Australians and get your score today.
  1. Protect yourself from identity fraud
    Get alerted to large credit score drops.
  2. Know where you stand
    The banks know your score. Shouldn’t you too?
  3. Avoid a nasty surprise
    Before applying, check if your credit is good enough.
  4. Always with you
    Check online or download the app.
People are happy
Rated 4.8 out of 5 for customer satisfaction.
You may have seen us in
Compare these cards: