The NAB Low Rate Card is a simple credit card with a variable 13.49% p.a. interest rate on purchases that’s on par with other low rate cards. 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 $300 cashback when you spend $1,500 on eligible purchases within the first 90 days from account opening.
NAB Low Rate Card – Cashback Offer
- 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 $300 cashback for new cardholders, with a $59 annual fee.
Pros
-
$300 cashback
-
Variable 13.49% p.a. interest rate for purchases
-
Free additional cardholder
Cons
-
No rewards program or travel insurance
-
3% foreign transaction fee
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 period | 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 | Annual fee $59 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
Your reviews
Amy Finder
Editor
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