Go to site

Terms and conditions apply

Balance transfer rate for 12 months with 3% balance transfer fee: 0% p.a.
Purchase rate: 13.49% p.a.
Annual fee: $59 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers $400 cashback for new cardholders, with a $59 annual fee.

Finder Awards 2025 winner

Customer Satisfaction Award

The NAB Low Rate Card is suited to people who want a simple, low interest credit card. The cashback offer also gives you a way to get extra value as a new cardholder, offering $400 cashback when you spend $5,000 on everyday purchases within the first 150 days from account opening.

If you’re switching from a different credit card, this offer also includes a 0% p.a. interest rate on balance transfers within the first 12 months, with a 3% balance transfer fee. This gives you a way to save on your existing credit card balance.

Pros

$400 cashback
Variable 13.49% p.a. interest rate for purchases
Free additional cardholder

Cons

No rewards program or travel insurance
3.5% foreign transaction fee
High spend requirement for cashback offer

From 23 June 2025, the late payment fee will increase to $20 and the cash advance fee will increase to 3.5% or $3.50 (whichever is greater).

The NAB Low Rate Card is a simple credit card with a variable 13.49% p.a. interest rate on purchases that’s quite competitive. Its $59 annual fee is also at the lower end of the credit card market in Australia. With the current cashback offer, you’ll get $400 cashback when you spend $5,000 on everyday purchases within the first 150 days from account opening.

Details

Product details

Product Name	NAB Low Rate - Cashback Offer
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 21.74%
Balance transfer limit	90% of available limit
Purchase rate p.a.	Purchase rate p.a.13.49%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$1,000
Max credit limit	$30,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$59
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3.5%
Cash advance fee	3% of transaction value or $3, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

You can apply for the NAB Low Rate credit card in around 15 minutes and should receive a response within 60 seconds of submitting the secure application form. Get started by making sure you meet the following requirements and have the necessary details and documents on hand.

Eligibility criteria

Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.
New cardholder. To be eligible for the cashback offer, you need to apply for a new NAB Low Rate Credit Card and choose this offer.

Eligible balance transfer debt. With NAB, you can transfer up to 90% of your approved credit limit from non-NAB cards.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, phone number, residential address and number of dependents. If you're new to NAB, you also need to provide a valid form of ID, such as your driver's licence, passport or Medicare card.
Employment details. You need to provide your salary, current job title, length of employment and your employer's contact details. You may also be asked for recent payslips or bank statements to help verify these details.
Financial details. This covers any other forms of income, such as pensions or government payments, as well as savings or other assets. You also need to share details of existing debts, loans, credit cards and other liabilities, as well as an estimate of regular household expenses such as mortgage or rental payments, bills and groceries.
Balance transfer details. If you want to take advantage of the balance transfer, you must include your balance transfer request when you apply for this card by providing the amount of debt you want to transfer and the account/s details.

Go to NAB's site More info

Card benefits

$400 cashback. Apply for a new NAB Low Rate Credit Card during the offer period and you'll get $400 cashback when you spend $5,000 on everyday purchases within the first 150 days. The cashback will be added to your account 180 days from account opening if the spend criteria is met.
0% balance transfer offer. This introductory offer also includes a 0% p.a. balance transfer rate for 12 months, with a 3% balance transfer fee. At the end of the 12 months, any unpaid balance transfer will attract the card's variable cash advance rate (currently 21.74% p.a. and subject to change), and you must still make the minimum monthly repayments.

Interest-free period. Receive up to 55 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Visa perks. Take advantage of promotions on shows, events, experiences and more with Visa Offers + Perks and enjoy a range of travel and retail offers listed on the Visa website. As a Visa card, you can also make purchases around the world and enjoy contactless payments.
Additional cardholders. With the NAB Low Rate Credit Card, you can add an additional cardholder and enjoy a $0 additional cardholder fee. This can come in handy if you use the account for shared expenses, but remember that the primary cardholder is held accountable for all of the transactions made on this account.
Mobile contactless payments. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Purchase rate. This card has a relatively low variable purchase rate of 13.49% p.a.
Annual fee. The NAB Low Rate Card charges an annual fee of $59.

Foreign transaction fee. If you use this card overseas or shop online in a foreign currency, you'll be charged a fee worth 3.5% of the transaction value.
Cash advance rate. If you use this card to make a cash advance (such as an ATM withdrawal or any gambling), you'll be charged the variable cash advance rate of 21.74% p.a.
Credit limit. This card has a minimum credit limit of $1,000 and a maximum credit limit of $30,000.

Go to NAB's site More info

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. NAB Low Rate Credit Card – Cashback Offer information PDF
2. NAB Low Rate Credit Card – Cashback Offer TMD

Your reviews

No reviews yet. Write a review

Ask a question

To ask a question simply log in via your email or create an account.

Ask a question

Amy Finder

Journalist

Hi there, looking for more information? Ask us a question.

You are about to post a question on finder.com.au:

Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
finder.com.au is a financial comparison and information service, not a bank or product provider
We cannot provide you with personal advice or recommendations
Your answer might already be waiting – check previous questions below to see if yours has already been asked

Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Vikas

May 16, 2025

If someone already on kogan credit card, is he eligible for this card and the cashback?

Richard Whitten Finder

May 19, 2025

Hi Vikas,

There’s nothing in the fine print on NAB’s website that says Kogan cards exclude you from the offer. You just need to apply for a new NAB Low Rate Card.

Ady

April 29, 2025

Is purchasing a flights tickets considered as Everyday Purchases? Am i allowed to purchase air tickets through NAB Low Rate Card and still eligible for cashback?

Sarah Megginson Finder

April 30, 2025

Hi Ady, Yes that would qualify as an eligible purchase! Ineligible purchases include things like interest charges, cash advances and gambling. Hope this helps!

Jenna

April 14, 2025

What is considered an “everyday purchase”?

Sarah Megginson Finder

April 15, 2025

Hi Jenna,

Every purchases including spending you do as part of your day to day life, such as groceries shopping, public transport, shopping at retail stores or online, takeaways, restaurants, petrol station, dentist appt, buying concert tickets etc.

Everyday purchases usually do not include things like cash advances, interest, fees, refunds, BPAY transactions and balance transfers. Hope this helps!

Show more Show less

Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

​​NAB Low Rate Credit Card – Cashback Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Your reviews

Important information about this website

Advertiser disclosure

How we make money

Sorting and ranking products

Terms of service and privacy policy

NAB Low Rate Credit Card – Cashback Offer