NAB Low Fee Credit Card

On website

NAB Low Fee Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Annual fee

$30.00 p.a. ongoing

Highlights

  • Receive $200 cashback when you spend $1,500 on purchases within 90 days from account opening.
  • 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 and cons

Pros

  • The opportunity to get a cashback $200.
  • 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.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
1
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$1,000.00
Maximum Credit Limit
$30,000.00

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
0%
Balance Transfer Period
12 months
Balance Transfer Fee Percentage
3%

Balance transfer conditions

Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
90%
Balance Transfer Revert Rate
21.74%

Rates, fees, charges

Cash advances

Cash Advance Rate
21.74% p.a.
Cash Advance Fee
$3.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
19.74% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$30.00
Dishonour Fee
$30.00
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$15.00

Rewards

Rewards program basics

Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. Get an additional cardholder at no extra cost.
  • Digital wallets. This card is compatible with Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay.
  • Gambling transactions. Gambling transactions are not allowed with the NAB Low Fee Card.

Rewards and benefits

  • Complimentary travel insurance. This card does not come with any complimentary travel insurance, either domestic or international.
  • Concierge services. There is no concierge service available for cardholders.
  • Insurances. This card comes with fraud protection but does not offer any additional insurance features.
  • Rewards points. As expected with a no-frills card, there is no rewards program.
  • Sign up bonus. NAB offers a signup bonus of $240 ($80 cashback per month) when you spend $500 or more in the first 3 months.

Rates and fees

  • Annual fee. This card has an ongoing annual fee of $30 p.a.
  • Balance transfers. You can transfer your existing credit card balances for a 3% fee and enjoy 0% p.a. interest on for 12 months. After that, any remaining balance will revert to an interest rate of 21.74% p.a.
  • Cash advances. Interest will be charged at 21.74% p.a. on all cash advances. Interest will begin accruing immediately from the day of the transaction. NAB charge a one-off fee of 2.5% for any cash advances made with this card.
  • Foreign exchange fee. Transactions made in a foreign currency while overseas or with an online store based overseas will incur a one-off 3% fee.
  • Interest-free period. Up to 44 days interest-free on purchases (except cash advances) when you have paid your previous balance in full or made the minimum required payment.
  • Purchases. There is no introductory offer on purchases. The standard ongoing rate of 19.74% p.a. will apply to any purchases that are not paid off in full.

account

Reviewed by Credit Card Compare Staff

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Love my NAB credit card

Reviewed by Crumbden


Generally pleased with this card

Reviewed by Heather


Pleased with the low fees

Reviewed by Anonymous


Very happy with this card

Reviewed by Anonymous


Very convenient for online shopping

Reviewed by Anonymous


My experience with the NAB Mastercard

Reviewed by Gary


Bank changed cards without asking me

Reviewed by Marty


Quite satisfied with this card

Reviewed by Beth


Excellent competitive product

Reviewed by Shirley


Quite please with this credit card

Reviewed by Anonymous


Great for emergencies

Reviewed by Jennifer M


Definitely worth it

Reviewed by love it


Only have this as I bank with NAB

Reviewed by CCdebt


Very happy!

Reviewed by Franca


Very confident shopping with with this card

Reviewed by Bunty


NAB Visa Mini

Reviewed by Dean


Simple card that offers only the basics

Reviewed by Apple


Nothing great about this card

Reviewed by Anon


Convenient

Reviewed by Renee Au


It's easy to handle

Reviewed by Anon


Convenient bank

Reviewed by Shanelle


Always good

Reviewed by Anon


Good card

Reviewed by Barbara


Usually pretty happy

Reviewed by Melissa


Balanced card to have

Reviewed by James


I am generally very pleased with this card

Reviewed by Christina


Convennience

Reviewed by Barbara


It's been helpful to have this card

Reviewed by Rebecca


Bonus card offred with our home loan

Reviewed by Maree


No perks, boring card

Reviewed by Lisa


Looking for an interest-free card

Reviewed by Sandy


Been very handy at times

Reviewed by Corinne


Has been a good card

Reviewed by Trish


Easy to use

Reviewed by Carl


My first ever credit card and not the best choice

Reviewed by s


Low fee and low interest

Reviewed by Catherine


Don't need rewards or high fees

Reviewed by Barbara


Low fee but high charges for international use

Reviewed by Sandra


Good for people on a budget

Reviewed by Katie


'Low fee' not as low as I expected

Reviewed by Lua


NAB is well-known for low fees and charges.

Reviewed by Steven


Provides cash when needed

Reviewed by Lisa


Low cost, good for emergencies

Reviewed by K


Credit in a hurry can be a lifesaver

Reviewed by Pauline


Nine months interest free, interest still low

Reviewed by Jess


Competitive low fees, exceptional service

Reviewed by Emily


No frills card from good bank with good service

Reviewed by Julie


Great card and service, but too tempting for me

Reviewed by Tara


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