NAB Low Fee Credit Card

On NAB's website

NAB Low Fee Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

19.74% p.a. ongoing

Interest-free days

44 days

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

History

    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


    Would you like to review this product? Click here to write your review and help others make a better decision.