Compare NAB Credit Cards

Compare NAB credit cards and get informed about applying. Review offer rates, fees, rewards, and key features.

By   |   Updated 12 Mar 2024

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business

Comparing NAB credit cards

NAB StraightUp Credit Card

On website

NAB StraightUp Credit Card

Highlights

  • Obtain the latest credit card from NAB - straightforward, affordable, and above all, interest-free!
  • No Use, No Pay. Should your NAB StraightUp credit card remain unused throughout the entire statement period, the monthly fee will be reimbursed. No unexpected charges!
  • Utilize your card for foreign currency transactions and relish in zero foreign transaction fees!
  • Consistent fixed minimum payments determined by your credit limit, providing you with assurance of monthly payment amounts.

Pros

  • Charges a monthly fee based on your selected credit limit.
  • The monthly fee will be reversed if you do not have any outstanding balance or purchase.
  • No interest charges or other fees, including foreign currency fees and late payment fees.

Cons

  • No rewards program for this card.
  • No balance transfers or cash advances.
NAB Low Rate Card

On website

NAB Low Rate Card

Highlights

  • Experience 0% p.a. on balance transfers for 32 months with no balance transfer fee. Reverting to a variable cash advance rate of 21.74% p.a. after the promotional period.
  • Initial $0 annual card fee for the first year ($59 p.a. thereafter).
  • Receive a response within 60 seconds.

Pros

  • 0% p.a. on balance transfers for 32 months.
  • No balance transfer fee.
  • The waived annual fee for the first year.
  • Additional credit card is free.

Cons

  • No rewards program for this card.
  • No insurance coverage.
NAB Qantas Rewards Premium Credit Card

On website

NAB Qantas Rewards Premium Credit Card

Highlights

  • Receive 70,000 bonus Qantas Points upon spending $2,000 within the initial 60 days.
  • First-year annual fee reduced to $150 p.a. from $250 p.a. (saving $100).
  • Earn 1 Qantas Point per $1.5 spent on everyday purchases up to $3,000 per statement period, and 1 Qantas Point per $3 spent thereafter (capped at $6,000).
  • Enjoy complimentary Qantas Frequent Flyer membership, saving $99.50.

Pros

  • The 70,000 bonus Qantas Points.
  • The discounted annual fee for the first year.
  • Free Qantas Frequent Flyer membership (a saving of $99.50).
  • Comes with a host of complimentary insurances when you make an eligible purchase.
  • Visa Premium Access and NAB Concierge Services 24/7.

Cons

  • Points earning capped at $6,000 spent per statement period.
  • Higher annual fee compared to other Qantas cards.
  • Interest rates are high, which is typical for most rewards-earning cards.
NAB Qantas Rewards Signature Card

On website

NAB Qantas Rewards Signature Card

Highlights

  • Gain up to 120,000 bonus Qantas Points. Acquire 90,000 bonus points upon spending $3,000 within the initial 60 days from account approval date and an additional 30,000 bonus points upon maintaining your card open for over 12 months. Terms and conditions apply.
  • Benefit from 0% on balance transfers for 12 months with a 3% Balance Transfer Fee.
  • First-year annual fee reduced to $295 p.a. from $395 p.a. (saving you $100).

Pros

  • Complimentary Qantas Frequent Flyer membership fee valued at $99.50.
  • Six complimentary insurances when you make an eligible purchase.
  • Earn 1 Qantas Point per $1 spent on everyday purchases up to $5,000 per statement period then 0.05 pts per $1 spent thereafter (capped at $20,000).

Cons

  • Annual fee of $395 p.a. is quite high.
NAB Rewards Signature Credit Card

On website

NAB Rewards Signature Credit Card

Highlights

  • Earn up to 140,000 bonus Points. Obtain 100,000 bonus points upon spending $3,000 within the initial 60 days from account approval date and an additional 40,000 bonus points upon maintaining your card open for over 12 months. Terms and conditions apply.
  • Benefit from a reduced annual card fee of $195 p.a. for your first year (reverts to $295 p.a. thereafter).
  • Accrue 2.5 points on purchases made in major department and hardware stores.
  • Gain 1.25 points for every $1 spent on everyday purchases.

Pros

  • Earn up to 140,000 bonus NAB Rewards Points when you meet the criteria.
  • The discounted $195 annual fee on the first year.
  • 0% p.a. on balance transfers for 12 months.
  • Includes international travel insurance.

Cons

  • There is a 3% balance transfer fee.
NAB Low Fee Credit Card

On website

NAB Low Fee Credit Card

Highlights

  • Benefit from up to $240 credit back. Receive $80 back per month for the initial three months upon spending $500 per month.
  • Low $30 p.a. ongoing annual fee.
  • 12 months at 0% p.a. on balance transfers (3% balance transfer fee applies). Reverting to the variable cash advance rate of 21.74% p.a.

Pros

  • The opportunity to get a cashback up to $240.
  • 0% p.a. on balance transfers for 12 months.
  • Apply for an additional cardholder at no extra cost.

Cons

  • There is a 3% balance transfer fee.
  • Ongoing interest on purchases and cash advances is not low.
  • Doesn't earn rewards.
NAB Low Fee Platinum Card

On website

NAB Low Fee Platinum Card

Highlights

  • Access the Platinum Concierge Service available 24/7.
  • Enjoy 12 months at 0% p.a. on balance transfers (a 3% balance transfer fee applies). Reverting to the variable cash advance rate of 21.74% p.a.
  • Access six complimentary insurances when making an eligible purchase.

Pros

  • 12 months at 0% p.a. on balance transfers (3% balance transfer fee applies). Reverts to variable cash advance rate of 21.74% p.a.
  • Low ongoing $90 annual fee.
  • Complimentary insurance including international travel insurance.
  • Access to the 24 /7 NAB Concierge Service.

Cons

  • There's a 3% fee on balance transfers.
  • You can't earn rewards points with this card.
  • Up to 44 days interest-free, which is shorter than the 55 days on many other cards.
NAB Rewards Business Signature Credit Card

On website

NAB Rewards Business Signature Credit Card

Highlights

  • Receive 100,000 NAB Rewards Points upon spending $4,000 on everyday purchases within 60 days.
  • Triple the earning rate on overseas spending or purchases made at overseas stores and suppliers from Australia.
  • Double the earn rate on purchases made at partner departments and hardware stores.

Pros

  • Receive a generous 100,000 bonus NAB Rewards Points when you spend $4,000 on everyday business purchases within 60 days of opening your account.
  • Earn 1.25 NAB Rewards Points per $1 spent on eligible everyday business purchases, with no cap.
  • ATO payments earn NAB Rewards Points at the same rate as everyday purchases.
  • NAB Rewards Points can be transferred to several other airline rewards programs, making it easier to find an awards seat.
  • Up to 44 interest-free days on purchases, giving you more flexibility and breathing room with your business expenses.
  • Complimentary NAB Commercial Cards Unauthorised Transaction Insurance and NAB Commercial Cards Transit Accident Insurance.
  • Works with major digital wallets, including Apple Pay, Google Pay, and Samsung Pay.

Cons

  • Additional cardholders don't come cheap.
  • Lacks complimentary international travel insurance.
  • No complimentary airline lounge passes.
NAB Qantas Business Signature Credit Card

On website

NAB Qantas Business Signature Credit Card

Highlights

  • Obtain 100,000 bonus Qantas Points upon spending $4,000 on everyday purchases within 60 days.
  • Accrue 0.67 Qantas Points per $1 spent (equivalent to 1 Qantas Point per $1.50 spent).
  • Include additional cardholders, each with personalized credit limits.

Pros

  • Earn 100,000 bonus Qantas points by spending $4,000 on eligible business purchases within 60 days of account opening.
  • Earn 0.67 Qantas Points per $1 spent on everyday business purchases, including ATO payments.
  • Up to 44 interest-free days on business purchases.
  • Comes with access to Visa's global concierge service, complimentary unauthorised transaction insurance, and transport accident insurance.
  • Add multiple additional cardholders, each with individual credit limits.
  • Supports most digital wallets, including Apple Pay, Google Pay, and Samsung Pay.

Cons

  • Lacks complimentary international travel insurance.
  • Points are capped at $50,000 per card per statement period.
NAB Rewards Platinum Credit Card

On website

NAB Rewards Platinum Credit Card

Highlights

  • Earn up to 80,000 bonus points. Obtain 60,000 bonus points upon spending $1,000 in the initial 60 days from account approval date and an additional 20,000 bonus points upon maintaining your card open for over 12 months. Terms and conditions apply.
  • Benefit from a reduced first-year annual fee of $95 p.a. instead of $195 p.a. (saving you $100).
  • Accrue 3.75 points on purchases made online with Webjet, when traveling overseas, or on overseas purchases made here in Australia. Earn 2.5 points on purchases made in major department and hardware stores.

Pros

  • Earn 80,000 bonus Points when you meet the criteria.
  • The reduced first-year annual fee of $95 p.a.
  • Earn 3.75 points on purchases made online with Webjet, when travelling overseas or on overseas purchases made here in Australia. Earn 2.5 points on purchases made in major department and hardware stores.

Cons

  • There is a 3% balance transfer fee.
NAB Low Rate Business Credit Card

On website

NAB Low Rate Business Credit Card

Highlights

  • Enjoy 12 months at 0% p.a. on purchases. Reverting to the variable purchase rate of 13.25% p.a.
  • Benefit from a low ongoing 13.25% p.a. rate on purchases and cash advances.
  • No annual fee for the initial year.

Pros

  • The 0% special introductory interest rate offer on purchases.
  • $0 annual fee on the first year ($60 p.a. thereafter).
  • Low interest rate on cash advances and purchases.
  • Up to 55 days on business purchases.

Cons

  • No travel insurance.
  • Doesn't earn rewards points.

NAB is a leading member of Australia's Big Four banks and provides a comprehensive range of credit cards designed to meet nearly all needs. Its offerings encompass cards with balance transfer deals, rewards or frequent flyer points, competitive rates, minimal fees, and options tailored for business use.

Types of NAB credit cards

NAB offers a diverse range of credit cards tailored to different customer needs. Some of the common types of NAB credit cards include:

NAB also issues the following credit cards:

  • Coles credit cards: These cards offer rewards points that can be redeemed at Coles supermarkets and other related benefits.
  • Qantas Money credit cards: These cards are designed for customers who want to earn Qantas Frequent Flyer points on their everyday spending. NAB's role as the issuer means it manages the credit card services while cardholders enjoy benefits related to Qantas Points or flights, upgrades, and more.
  • Suncorp credit cards: Suncorp credit cards often come with features like reward points, insurance covers, and low-interest rate offers, targeting a broad customer base.
  • Kogan Money credit cards: These cards offer rewards, cashback on purchases made on Kogan.com, and other exclusive benefits to Kogan shoppers.

Benefits of NAB credit cards

NAB credit cards have many benefits, making them a popular choice among consumers. These benefits may include:

  • Reward programs: NAB credit cards often come with reward programs that allow you to earn points on your purchases, which can be redeemed for a variety of rewards, such as travel benefits, merchandise, or cashback.
  • Interest free periods: Many NAB credit cards offer interest-free periods on purchases, allowing you to manage your finances without incurring additional costs.
  • Contactless payments: NAB credit cards are equipped with contactless payment technology, making transactions fast and convenient.
  • Mobile banking: NAB provides easy access to manage your credit card through its user-friendly mobile banking app, allowing you to track your spending, make payments, and more on the go.

How to apply for an NAB credit card

Applying for an NAB credit card is a straightforward process typically done online or in person at an NAB branch. To apply for a NAB credit card, you may need to provide the following information:

  • Personal details include your full name, contact information, and residential address.
  • Financial information, including your income, employment status, and expenses.
  • Identification documents such as a driver's license or passport.

Once you have submitted your application, NAB will assess your eligibility based on factors such as your credit history and financial situation.

Managing your NAB credit card

Once approved for an NAB credit card, it's essential to manage it responsibly to avoid unnecessary fees and charges. Here are some tips for managing your NAB credit card effectively:

  • Pay on time: Ensure you make the minimum payment by the due date to avoid late payment fees and potential impact on your credit score.
  • Monitor your spending: Keep track of your purchases and stay within your credit limit to avoid overspending.
  • Review your statements: Regularly review your credit card statements to check for discrepancies or unauthorised transactions.
  • Utilise benefits: Maximise the rewards, perks, and features offered with your NAB credit card to maximise its value.

Help choosing an NAB credit card

Find your perfect NAB credit card with expert guidance.

  • FAQs

  • Pros & cons

What are the annual fees associated with NAB credit cards?

NAB credit cards may have varying annual fees depending on the type of card you choose. It is essential to review the fee schedule of the specific NAB credit card you are interested in to understand the annual costs involved.

Can I manage my NAB credit card account online?

Yes, NAB provides online and mobile banking services that allow you to manage your credit card account conveniently. You can use the NAB app or internet banking portal to check your balance, review transactions, make payments, and more.

How can I contact NAB for credit card-related inquiries?

You can contact NAB customer service via phone, email, or visit a local branch for assistance with your credit card queries. NAB customer support representatives are available to help with any questions or concerns you may have regarding your credit card account.

What security measures are in place to protect NAB credit card holders?

NAB implements security features such as encryption, fraud monitoring, and transaction alerts to safeguard its credit card holders against unauthorised activities. Additionally, NAB offers liability protection for fraudulent transactions on your credit card account.

Pros

Generous rewards program

NAB Rewards is a generous rewards program, allowing cardholders to earn points on their purchases that can be redeemed for a variety of rewards such as flights, merchandise, or cashback, providing added value and flexibility. Points can be transferred to a number of airline partners, providing a degree of flexibility when redeeming for flights.

Extensive travel benefits

Many NAB credit cards offer extensive travel benefits, including complimentary travel insurance, airport lounge access, and no foreign transaction fees, making them an excellent choice for frequent travelers seeking added perks and savings.

Wide range of card options

NAB offers a diverse range of credit cards tailored to different spending habits and financial needs, from low-rate cards for budget-conscious individuals to premium cards with enhanced benefits for frequent spenders and travelers, ensuring there's a card suitable for various lifestyles.

Competitive interest rates

NAB have a track record of having competitive interest rates, making them an attractive option for cardholders looking to cut costs. Their balance transfer offers have been historically strong against the market.

Excellent customer service

NAB is known for its excellent customer service, providing cardholders with access to 24/7 customer support, online account management tools, and dedicated assistance for any queries or issues they may encounter, ensuring a smooth and hassle-free experience.

Cons

Annual fees

Some NAB credit cards may come with annual fees, which can add to the overall cost of card ownership, particularly for individuals who may not fully utilize the card's benefits or rewards to offset the fee.

High-income requirements

Certain NAB credit cards may have high-income requirements for eligibility, potentially excluding individuals with lower incomes from accessing some of the premium card options or benefits.

Limited acceptance

While NAB credit cards are widely accepted domestically and internationally, there may still be instances where certain merchants or establishments do not accept NAB cards, potentially limiting cardholders' purchasing options in some situations.

Complex rewards structures

The rewards programs associated with NAB credit cards can sometimes be complex, with tiered earning rates, points expiry policies, and redemption restrictions, requiring cardholders to carefully navigate the program to maximize their benefits effectively.

Foreign exchange rates

While NAB credit cards typically waive foreign transaction fees, cardholders may still encounter less favorable foreign exchange rates compared to other payment methods or currency exchange providers, potentially resulting in higher conversion costs for overseas transactions.