NAB Low Rate Card | Review, Comparison & Application

NAB Low Rate Card

Card features
balance transfer
purchase rate
annual fee
NAB Low Rate Card
Enjoy 0% p.a. for 6 months on purchases.
Transfer your balances at 0% p.a. for 6 months with 2% balance transfer fee.
Low $59 p.a. annual fee.
Add to comparison
6 months
0% p.a.
then 21.74%
with a 2% fee
6 months
0% p.a.
then 12.99%

Pros & cons

What's good?

What's not so good?

Enjoy 0% p.a. for 6 months on purchases.
Transfer your balances at 0% p.a. for 6 months with 2% balance transfer fee. Reverts to Cash Advance rate after the promotional period.
Low $59 p.a. annual fee.
Make purchases with NAB’s lowest interest rate card and longest 55 days interest-free period.
Uses Visa payWave for making purchases contactless and faster.
Special offers on shows, events, experiences and movies from Visa Entertainment.
Emergency travel assistance from Visa Global Customer Assistance Services, 24 hours, 7 days.
Get a response in 60 seconds.
There’s a small annual fee to pay.
After the promotional period, the fallback is the cash advance rate is a high 21.74% p.a.

*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.

User reviews

3.8 out of 5.0 based on 69 reviews91% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Cheap and easy

Reviewed and recommended by Ellen on 02 May 2017

This is a super simple low rate card. It’s easy to use and won’t cost a fortune.

The application process was very easy and quick. I haven’t had any service issues either.

The app makes it easy to keep track of spending and doesn’t use much data. I definitely recommend this his card to anyone.

They listened to my complaint about interest rate

Reviewed and recommended by Tyron on 18 Apr 2017

I have had this card for 20 years and use it for everyday purchases, but I know full well that I should have a rewards card for everyday purchases, to build up those points.

I originally had an interest rate at around 20%, but after complaining to NAB they reduced it to this low rate of around 12-13%.

Great interest saving card

Reviewed and recommended by Belinda on 15 Apr 2017

This card has low interest rates, and is a great way to pay off debt quickly.

The customer service is fantastic – great guys to chat with, to make sure you’re on the right card. Branch staff are fabulous and so friendly. They greet you by name every time without fail.

I would absolutely recommend people to transfer over to this product.

OK, but lack of rewards is disappointing

Reviewed and recommended by Rupert on 10 Apr 2017

The card was reliable, with a good introductory limit which I never exceeded, and it had good integration with Internet banking.

The lack of rewards was pointedly disappointing. More benefits for usage would have incentivised me to make greater use of my card. Likewise the new feature of being able to remove contactless payments on my card would have made me feel more secure in carrying my card around with me.

As a low-rate, no-frills card with limited fees for the first 18 months, it worked well for my limited needs.

They won't increase my limit

Reviewed and not recommended by Frank on 07 Jan 2017

A lot of monthly costs mean I am always near or over my limit, and it becomes an issue. They won’t increase my limit. I’d hoped they would increase limit by $2-3k to help me in the short term. But I like NAB as a bank, as they do help me at times. I’m hoping for a better option.

Low revert rate on interest-free balance transfer

Reviewed and recommended by Rhys on 12 Dec 2016

NAB’S Low Rate Card has a low interest rate on both cash advances and everyday purchases. NAB offered a generous 16 months 0% interest balance transfer that I took advantage of to move some debt from a high-rate Virgin Australia card. The kicker to this is that even after the 16 months interest-free period, the balance transfer only reverts to the low rate (12.7%). Almost all other cards revert back to a much higher rate (20-21%), so this offers me great peace of mind.

NAB’s Internet banking portal is a breeze to use, with the text size, font, and layout clear and concise. The layout is easy to navigate to the most common areas like transfers, payments, account overview and bills.

Interest-free period on purchases, but no rewards

Reviewed and recommended by Ben on 25 Nov 2016

My NAB credit card is a reliable card that I can always rely on. However, I get no rewards whatsoever. I want a low rate as I am saving for a wedding and I may need to use it, which is why I applied for this card as it has 15 months interest free on purchases.

It needs rewards though.

Low interest, easy to understand

Reviewed and recommended by Rachel on 29 Oct 2016

This is an amazing credit card with low interest. The card served its purpose on numerous occasions and is now being paid out easily.

The terms and conditions are easy to understand and straightforward.

This account is perfect for someone looking for a short-term answer which will be easy to pay out. I love it.

The best credit card for all kinds of uses

Reviewed and recommended by Christopher on 22 Oct 2016

This card has very low fees, is easily accessible, and has an interest-free period. What could be better than that?

It’s easy to apply and I have had no problems with the card whatsoever. It’s perfect, from uni students and people studying, all the way to business purposes and for everyday use. I highly recommend the NAB Low Rate Credit Card.

Never fails, excellent service

Reviewed and recommended by Veronica on 02 Oct 2016

My NAB Credit card has not failed me in any location that I have been, plus the service that I receive from NAB is excellent.

There’s an easy sign-up service, with good advice and different options to sign up for. I really think a choice of cards is excellent for different types of people and what they require.

Show 59 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 55 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 Rate 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.
Purchases0% p.a.6 monthsN/AN/A 12.99% p.a.

Ongoing interest rates

Cash advances 1.81% 21.74% p.a.
Purchases 1.08% 12.99% p.a.


Annual fee
$59 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.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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