In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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​​NAB Low Rate Card – Cashback Offer

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NAB Low Rate - Cashback Offer
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 up to $300 cashback for new cardholders, with a $500 spending requirement each month for the first 3 months if you want to get it all.

The NAB Low Rate Card is suited to people who want a simple, low cost credit card. The cashback offer also gives you a way to get extra value as a new cardholder, offering up to $300 back. The separate, $500 monthly spend requirement for each of the first 3 months, also means you could still get some cashback even if you only meet the spend requirement once or twice.


  • Up to $300 cashback
  • Variable 13.49% p.a. interest rate for purchases
  • Free additional cardholder


  • No rewards program or travel insurance
  • 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

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 $100 back when you spend $500 a month on eligible everyday purchases for the first 3 months, up to a maximum of $300 back on your new NAB Low Rate account.


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. 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


Available to temporary residents Yes - Conditions apply
Joint application No


Bonus points N/A


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%
Cash advance fee 3% 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 Card and choose this offer.

Card benefits

  • Up to $300 cashback. When you apply for a new NAB Low Rate Card during the offer period, you'll get $100 back when you spend $500 on eligible everyday purchases in a month for the first 3 months. The cashback will be added to your account at the end of each statement period when you meet the spend requirement, up to a maximum of $300.
  • 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 promotional period, any remaining charges will attract the card's variable cash advance rate of 21.74% p.a. and you must still make the minimum repayment.

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.

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