NAB

NAB offers a variety of credit card types, each designed to cater to different financial goals and lifestyles. Here’s an overview:

• Balance transfer credit cards: These cards provide an introductory low or 0% interest rate when you transfer debt from up to five non-NAB Australian credit or store cards. Once the promotional period ends, any remaining balance shifts to the card’s cash advance rate, which is typically higher, so aim to pay it off during the intro period.
• Low rate credit cards: The NAB Low Rate Card comes with a 13.49% p.a. variable purchase rate, well below the Australian average of 20.99% p.a., making it a cost-effective option for keeping interest charges low.
• Rewards credit cards: With NAB Rewards cards, you earn points per dollar spent on eligible purchases like groceries, fuel, dining, and travel. Points can be redeemed for cashback, travel, gift cards, or retail items. NAB Rewards Points can also be transferred to Flybuys points, Velocity Frequent Flyer transfers or KrisFlyer Miles.
• Frequent flyer credit cards: NAB Qantas Rewards cards let you earn Qantas Points on everyday spending, plus an extra point per dollar on selected Qantas purchases. They also include free Qantas Frequent Flyer membership, saving you the standard $99.50 fee. There are several NAB cards that offer no foreign transaction fees which is popular with frequent flyers.
• Business credit cards: NAB’s business range offers rewards, low rates, and additional cards for employees, helping business owners (from sole traders to corporates) separate expenses, track spending, and set individual limits.

NAB credit cards come with a host of perks to enhance convenience, security, and value. Here are the standout benefits:

• Mobile payments: Link your card to Apple Pay, Samsung Pay, Google Pay, Fitbit Pay, or Garmin Pay for quick, secure payments on the go.
• Complimentary insurance: Certain rewards and premium cards offer travel and purchase insurance—check the NAB complimentary credit card insurance booklet for specifics.
• Internet and mobile banking: Use NAB’s app or online banking to manage your account, make payments (locally or overseas), request limit increases, or temporarily block your card if needed.
• Fraud protection: NAB Defence monitors for suspicious activity, and the zero liability policy ensures you’re reimbursed for unauthorised transactions.
• Exclusive offers: Existing NAB customers can explore additional credit card deals via the app or internet banking.

To apply for a NAB credit card, you’ll need to meet these basic requirements:

• Age: Be at least 18 years old.
• Residency: Be an Australian or New Zealand citizen, an Australian permanent resident, or hold an eligible temporary visa. Note that visas like Visitor (except Special Category Visa for NZ citizens), Working Holiday, Student, Exchange, Transit, or Bridging are not accepted.

Additional criteria, such as income or employment status, may apply depending on the card—check the specifics before applying.

Applying for a NAB credit card is simple and takes about 15 minutes online. Here’s the process:

1. Complete the application: Submit your personal details (full name, date of birth, contact info, address), financial info (income, assets, debts, expenses), and employment history (last three years). New customers need ID like an Australian driver’s licence, Medicare card, or passport.
2. Add optional details: Request a specific credit limit or balance transfer if desired—NAB will assess and may adjust based on your application. For balance transfers, include account names, numbers, and BSBs of the debts to transfer.
3. Receive a response: Get an initial decision within 60 seconds, with NAB following up with next steps.
4. Provide documents (if needed): You may be asked for payslips, bank statements, or a tax assessment notice to verify your details.
5. Activate your card: Once approved, your card arrives by mail, ready to use after activation.

Credit cards similar to the features and rates offered by NAB cards:

• ANZ credit cards
• Citi credit cards
• Coles credit cards
• Kogan Money credit cards
• Qantas Money credit cards
• Suncorp credit cards
• Westpac credit cards