Compare credit cards with low rates, rewards and premium features to find out why NAB credit cards are popular with millions of Australians.
As one of Australia’s largest financial institutions, NAB offers credit cards to suit many types of cardholders. Whether you want a no-frills credit card that'll cost less to use or a premium card that offers everything from rewards to complimentary insurance, you should be able to find a card that suits your lifestyle and financial situation. Plus, NAB is the only bank in the Big Four that lets you earn flybuys rewards points on your credit card. Use this guide to compare NAB credit cards, weigh up the costs, features and benefits and click 'Go to Site' to begin your secure online application.
NAB Credit Card Offer
Apply for the NAB Low Rate card and receive a long term interest rate offer on purchases and balance transfers.
- $59 p.a. annual fee
- 0% p.a. for 15 months (reverts to 13.99% p.a.) on purchases
- 0% p.a. for 15 months with a one off 3% balance transfer fee on balance transfers
- Cash Advance Rate of 21.74% p.a.
- Up to 55 days interest free
Comparison of NAB Credit Cards
Rates last updated December 8th, 2016.
- NAB flybuys Rewards Card
0% balance transfer and purchase rate offers have been extended until 22 January 2017.
October 3rd, 2016
- NAB Qantas Rewards Premium Card
Bonus points, purchase and balance transfer offer have been extended until 22 January 2017.
October 3rd, 2016
- NAB Low Rate Credit Card
Balance transfer and purchase rate offers have been extended until 22 January 2017.
October 3rd, 2016
Types of credit cards from NAB
There are a number of NAB credit cards to accommodate all types of budgets and financial needs. The low rate and low fee credit cards provide just what their name implies: a cheaper way to make purchases and a low-cost credit card to own. NAB rewards credit cards are linked to Qantas, Velocity and flybuys — they’re only one of two card issuers that let you earn flybuys points when you spend.
NAB rewards credit cards are linked to Qantas, Velocity and flybuys — they’re only one of two card issuers that let you earn flybuys points when you spend.
Low rate and low fee credit cards
Low rate and low fee credit cards are a useful option for cardholders who are looking to cut down on standard card costs. All NAB low rate cards come with a 0% promotional offer on both balance transfers and purchases, meaning you can save on interest whether you're using your card to buy or pay down debt. These cards also come with competitive annual fees and up to 55 interest-free days. If you know you struggle to repay your balance in full each month, these low rate and low fee cards could.
Rewards credit cards
Depending on the card, NAB rewards credit cards allow you to earn rewards points with Qantas Frequent Flyer, Virgin Australia's Velocity program and Coles' flybuys loyalty scheme. These cards let you earn between 0.5 and 1.5 rewards points on every $1 spent on eligible purchases. Some of the NAB rewards cards are dual Mastercard or Visa and American Express products, allowing you to earn more points wherever you can use your AMEX card. You can then use these points to redeem flight rewards with Qantas or Virgin, products from the frequent flyer eStores, shopping discounts with flybuys and more. These cards sometimes come with other travel-centric perks such as complimentary travel insurance, bonus points on signup and international security cover. While these cards can be a clever way to get extra value from your spending, make sure that the value of the rewards and perks outweigh the cost of the card, as they usually come with less competitive annual fees.
Premium credit cards
If you're a regular credit card spender who is looking for a card that'll offer more value for your money, you might want to compare NAB premium credit cards. Though these cards come with a higher annual fee, they also offer higher rewards earn rates and bonus points, complimentary travel insurance, higher credit limits and VIP Lost Card Cover protection. So if you regularly repay your balance in full and are looking for a way to get extra perks from your credit card, you can compare NAB premium products below.
The benefits of banking with NAB
Each NAB credit card offers different feature and benefits, but some of the perks you can expect from banking with NAB include:
NAB Internet banking
If you have a NAB credit card, you can access your account through NAB Internet and mobile banking. This means you can manage your account, make payments to other accounts in Australia and overseas, request a credit limit increase or apply for another NAB product from anywhere in the world on-the-go and at any time.
NAB Complimentary Travel Insurance
Some of the NAB rewards and premium credit cards come with complimentary travel insurance. Available to eligible cardholders, the cover includes overseas medical, cancellation or holiday deferment costs, emergency travel arrangements, accommodation expenses and missed connections. You have to use your card to cover a minimum of $500 prepaid travel costs and meet the eligibility requirements to activate the cover, though. For more information about the travel insurance policy, please refer to our full guide on NAB's complimentary credit card travel insurance.
Dual cards with Visa or MasterCard and American Express
NAB’s rewards cards are issued with a Visa or MasterCard and American Express Cards. While Mastercard and Visa are more widely accepted in Australia, spending with your American Express has a higher earn rate and will help you earn rewards faster. So while you'll be able to use your card almost anywhere in Australia, you'll also have the opportunity to boost your balance with your AMEX card. Plus, it also means that you'll benefit from both Visa or Mastercard and American Express privileges such as American Express invites exclusive offers, Visa Entertainment deals and Mastercard Priceless Cities.
NAB rewards credit cards — earn flybuys points and frequent flyer rewards
NAB is one of two Australian credit card issuers that allow you to earn flybuys points when you pay on plastic. If you frequently shop with flybuys partners, such as Coles, Kmart, Target and Liquorland, this is a convenient way to get extra perks from your card. You can redeem your flybuys points for discounts with flybuys partners, flights, gadgets, fashion and more. Plus, if you opt for an NAB credit card with Velocity or Qantas, you can pick up frequent flyer points on all eligible purchases to redeem for flight rewards with either Qantas or Virgin Australia and their partnered airlines.
How to apply for an NAB credit card
If you've compared your options and decided you'd like to apply for an NAB credit card, you can begin your secure online application by clicking on the green 'Go to Site' button. Before you do, though, make sure you've met the following eligibility requirements and have the necessary documents on hand:
- Age. Applicants must be at least 18 years old.
- Residential status. You'll usually need to be a permanent resident of Australia to apply.
- Credit history. You'll need to have a good credit history and no recent evidence of defaults or bankruptcy.
- Minimum income. You may need to earn a minimum annual income to receive approval.
If you meet the eligibility requirements, start collecting the following information to ensure your application goes smoothly:
- Personal information. NAB need to know your address, your contact information and you need to verify your identity by providing an accepted form of identification, like your driver’s licence number.
- Financial information. You will also need to detail information about your employment, income and assets like shares or property, your employer’s contact details and your account’s details if you’re self-employed, your expenses, like your weekly food expenses and liabilities, like child support.
There are many types of NAB credit cards that could suit potential Australian credit card holders. However, as there are many other credit card products on the market, it's important to compare your options before applying.
Frequently asked questions
Below you can find some of the most commonly asked questions about NAB credit cards. If you still can’t find the answer to your question, get in touch with us using the form at the bottom of the page.
How do I transfer a balance to a NAB credit card?
If you're struggling to repay an existing balance, you can take advantage of a 0% balance transfer offer with NAB to consolidate your debt and pay it down without the burden of interest for a promotional interest. You can transfer balances from as little as $200 up until 70% of your approved credit limit from non-NAB bank accounts. For further details, please see our guide on how to conduct a balance transfer with NAB.
How is interest calculated on my NAB credit card?
Interest on your credit card items is calculated multiplying the daily percentage rate (the annual percentage rate that is applicable divided by 365) with your aggregate outstanding balance. The aggregate balance is the sum of all transactions like purchases or cash advances that you’ve made in the last statement period. It may also include special balances (e.g. any balance transfers) and will be indicated on your credit card statement.
When is interest charged on my NAB credit card?
NAB credit cards have up to 44 days interest free on purchases. This means the maximum time you won’t be charged interest by the bank is up to 44 days. If you make multiple purchases within a statement period, this number is reduced until you pay back your balance in full. If you’re not eligible for interest-free days, interest starts accruing from the day of purchase. To take advantage of the number of interest-free days you should always pay your credit card bills in full every time. Interest on cash advances are always charged from the day of transaction. Interest on special balances (like balance transfers) are charged according to the terms and conditions of that special promotion.
What is interest on interest?
If you have only paid the minimum balance due and not the full balance in your last statement, for example, then your credit card balance starts accruing interest. Your next statement balance would include the previous unpaid balance and the interest amount. If you pay the minimum balance again, then interest is charged on your previous unpaid balance as well as your interest payment that was due. The latter is dubbed ‘interest on interest’, a.k.a. compound interest, and is the primary reason why credit card balances can grow so fast if left unpaid. You should always try to pay more than the minimum balance due each statement period, preferably the full amount.
What are some of the ways I can reduce interest charges on my NAB credit card?
- Pick a credit card with interest-free days. Use the interest-free period feature of available on NAB credit cards.
- Always repay the full amount due on your credit card bill. You must remember to pay off your full credit card statement bill each month. If you don’t you’ll be charged interest from the day you use NAB credit card to make a purchase. Paying your card in full also ensures you won’t pay interest on the interest from the previous statement period.
- No cash advances. Cash advances and similar cash equivalent transactions always accrue interest from day one, and these transactions are charged at the highest rate of interest. Avoid cash advance transactions on your credit card (use a debit card instead for these transactions) and you’ll avoid exorbitant cash advance fees.
How do I set up internet banking with my NAB credit card?
To set up internet banking, you will need two things on hand. One is your NAB identification number, found at the back of a NAB credit card, and a NAB internet banking password – this is either a temporary password that was issued at a branch or your NAB telephone banking password. If you can’t recall what your temporary password is, call NAB on 13 22 65. Once you have these details, head to the NAB website and click on the register button. Enter your details and create an internet banking password. From here you can activate a range of services that allow you to pay different accounts with ease.
Does the annual fee collect interest?
NAB classifies the annual fee as a purchase. Therefore, if you have a card with no interest on purchases for the first few months, you won’t have to pay interest on the fee unless you haven’t repaid the amount by the time the revert rate kicks in. Similarly, if your card offers interest-free days and you repay your balance in full in the previous statement period, your annual fee won’t accrue any interest.
What happens if my card is lost or stolen?
If you have lost your card or it is stolen, notify the bank immediately at this number: 1800 033 103. If you’re overseas call +61 3 8641 9083 instead.
My credit card is about to expire, how do I get a new one?
NAB will automatically send you a replacement card one month before your current card expires. In some cases the card might not be delivered to your home but rather to your nearest bank branch. You will be notified by mail when this happens. If your card has expired and you haven’t received a replacement card in the mail or in your local NAB branch, call the NAB customer service team on 13 22 65 and advise them of the situation. Alternatively you can send a secure message to NAB through your internet banking messaging system.
What is a purchase authorisation?
This is a hold on your banking account for a sum that you’ve used in a credit card transaction. Every time you buy something using your card the merchant records your credit card information for claiming later payment from NAB. Meanwhile NAB places a hold on your credit card account, so your available credit amount decreases. The purchase authorisation hold stays in place for 7 days. If the merchant hasn’t made their claim you won’t see the transaction show up in your internet banking system, but will see that your available credit is lower than what the displayed transactions would seem to indicate. After seven days the hold is released, but you should note that the merchant still has six months to make the payment claim. If the merchant does make the claim within that hold period you will see the transaction displayed in your account, which will be debited for the payment amount.
How do I increase my credit limit on my NAB credit card?
Increasing your credit limit on your NAB account can be done by requesting a credit limit increase, either online or over the telephone, and also the bank may send offers to increase your limit if you have agreed to receive these notifications. You need to demonstrate a good credit rating and you have to have the income to support the new credit limit. Before making a final decision to increase your credit limit. NAB would suggest that you not accept an increase credit limit if you believe that you may have problems paying the card’s balance. A customer who is granted an unwanted increased credit by NAB is free to decline the increase. See our guide on how to request a credit limit increase for more details.
What’s a NAB identification number?
The NAB Identification Number (NIN) is a unique identifier that is issued to all NAB customers. You can find your NIN at the back of your card, near the top, it is an 8 digit number. If you would like to confirm or reset your NIN you may call customer service on 13 22 65.
What’s a security number?
Every card comes with a 3 digit security number (or CVV number) that is used for certain transactions to verify the ownership of the card. You can find your security number at the back of your card, right beside the signature field. You can find out how your CVV number works in this guide.