NAB credit card balance transfer guide

Information verified correct on April 30th, 2017

Repay your credit card debt faster and without high interest costs with a NAB balance transfer.

Are you suffering from fast-growing debt? Balance transfers are one way to consolidate your debt and give yourself some breathing space. If you transfer your balance to a NAB credit card with a promotional balance transfer, you could benefit from savings on interest and faster debt consolidation.

NAB Low Rate Credit Card

NAB Credit Card Offer

Apply for the NAB Low Rate card and receive a long-term interest rate offer on balance transfers.

  • $59 p.a. annual fee
  • 13.99% p.a. on purchases
  • 0% p.a. for 18 months with 3% balance transfer fee on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 55 days interest free
Rates last updated April 30th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
NAB Premium Card
Benefit from platinum credit card advantages and 0% p.a. for 24 months on balances transfers.
0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. Go to site More info
NAB Low Rate Credit Card
This card comes with 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $59 p.a. Go to site More info
NAB Low Fee Card
A low annual fee card which offers a promotional balance transfer rate and complimentary purchase protection insurance.
0% p.a. for 18 months with 3% balance transfer fee 19.74% p.a. $30 p.a. Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $100 p.a. Go to site More info
NAB Rewards Classic Card
Receive 40,000 bonus points when you spend $1,500 on everyday purchases within 90 days from card approval, earn rewards points per $1 spent, and enjoy a $0 annual fee for the first year.
4.99% p.a. for 6 months 19.99% p.a. $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
NAB Rewards Platinum Card
Enjoy 80,000 bonus points when you spend $2,500 on everyday purchases within 90 days from card approval. Benefit from $0 annual fee for the first year and a range of platinum features.
4.99% p.a. for 6 months 19.99% p.a. $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
NAB Rewards Business Platinum Card
Enjoy 80,000 bonus points when you meet the spend criteria, earn 1 rewards point per $1 spent and enjoy a $0 annual card fee for the first year.
18.50% p.a. $0 p.a. annual fee for the first year ($175 p.a. thereafter) Go to site More info
NAB Velocity Rewards Premium Card
Offers up to 1.5 Velocity points per $1 spent on eligible purchases, combined with complimentary insurance covers and concierge service.
4.99% p.a. for 6 months 19.99% p.a. $150 p.a. More info
NAB Qantas Rewards Premium Card
A dual card account that lets you enjoy platinum features and earn up to 1.5 Qantas Points per $1 spent on eligible purchase.
4.99% p.a. for 6 months 19.99% p.a. $250 p.a. More info
NAB Qantas Rewards Card
Receive a low introductory rate on balance transfers plus earn 1 Qantas Point per $1 spent on eligible purchases.
4.99% p.a. for 6 months 19.99% p.a. $95 p.a. More info
NAB Velocity Rewards Card
A low annual fee with a low interest rate for the first 6 months on balance transfers.
4.99% p.a. for 6 months 19.99% p.a. $95 p.a. More info
NAB flybuys Rewards Card
Take advantage of a low interest rate for 6 months on balance transfers and earn 1 flybuys point per $1 spent on everyday purchases.
4.99% p.a. for 6 months 19.99% p.a. $95 p.a. More info
NAB Qantas Business Signature Card
Enjoy uncapped rewards points earning through the Qantas Frequent Flyer program.
18.50% p.a. $295 p.a. More info
NAB Low Rate Business Card
Offers a low annual fee with a competitive interest rate on purchases and cash advances.
13.25% p.a. $60 p.a. More info
NAB Business Card
A charge card that gives you up to 35 days interest-free on business purchases.
15.50% p.a. More info
NAB Purchasing and Corporate Card
Monitor your business-related expenses with a low interest rate on purchases and cash advances.
12.65% p.a. More info
 
Rates last updated April 30th, 2017
$
% p.a.

Your search criteria didn't return any products. Click to reset your filter options and search again
Balance transfer rate (p.a.) Purchase rate (p.a.) Annual fee Interest Saved
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
0% p.a. for 18 months with 1.5% balance transfer fee 20.74% p.a. $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
0% p.a. for 15 months 19.99% p.a. $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 12 months 0% p.a. for 3 months (reverts to 19.74% p.a.) $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 12 months 0% p.a. for 6 months (reverts to 13.24% p.a.) $55 p.a. Go to site More info
HSBC Low Rate Credit Card
This card comes with a balance transfer offer, a low interest rate and up to 55 days interest-free on purchases.
0% p.a. for 15 months with 2% balance transfer fee 13.25% p.a. $55 p.a. Go to site More info
NAB Low Rate Credit Card
A low rate card which offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
0% p.a. for 18 months with 3% balance transfer fee 13.99% p.a. $59 p.a. Go to site More info
Citi Rewards Platinum Credit Card
A long-term balance transfer offer with the Citi Rewards Platinum Card. Earn extra points on eligible international spend, plus complimentary travel insurance.
0% p.a. for 24 months with 1.5% balance transfer fee 20.99% p.a. $49 p.a. annual fee for the first year ($149 p.a. thereafter) Go to site More info
NAB Premium Card
Benefit from premium credit card advantages including travel insurance, Platinum Concierge Service plus 0% p.a. for 24 months on balance transfers.
0% p.a. for 24 months with 3% balance transfer fee 19.74% p.a. $90 p.a. Go to site More info
American Express Essential®  Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
0% p.a. for 12 months with 1% balance transfer fee 14.99% p.a. $0 p.a. Go to site More info
NAB Low Fee Card
Enjoy a low annual fee card with a low introductory rate of 0% p.a. on balance transfers for 18 months.
0% p.a. for 18 months with 3% balance transfer fee 19.74% p.a. $30 p.a. Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 12 months and an introductory purchase offer of 0% p.a. for 6 months.
0% p.a. for 12 months 0% p.a. for 6 months (reverts to 12.74% p.a.) $99 p.a. Go to site More info
ANZ Low Rate Platinum
Enjoy platinum benefits with exclusive discounts, complimentary travel insurance and personal concierge. Also repay your credit card debt interest-free with 0% p.a. for 16 months on balance transfers.
0% p.a. for 16 months with 2% balance transfer fee 11.49% p.a. $99 p.a. Go to site More info
Woolworths Everyday Platinum Credit Card
Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017. Also, enjoy a long-term balance transfer offer and an annual fee waiver for the first year.
0% p.a. for 14 months 19.99% p.a. $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info

Balance transfers with NAB

balance transfer can be your solution to clearing debt. If you have a debt owing on a credit card and you’re being charged a high rate of interest, a balance transfer allows you to transfer the debt to a new credit card with a promotional low rate of interest. The promotional time period allows you to make payments towards your debt without the extra cost of accumulating interest. If you’re looking to complete a balance transfer with NAB, here are some of the features, benefits and terms and conditions you’ll want to keep in mind.

What are the benefits of completing a balance transfer with NAB?

NAB offers competitive rates to customers looking to complete a balance transfer. We’ve summarised some of the benefits that appear across all three credit cards.

  • Revert rate. If you still owe an amount on your balance transfer at the end of the promotion period, NAB will treat it as a purchase instead of a cash advance--which keeps the NAB low rate card as an attractive option.
  • Transfers are quick and easy. You can apply for balance transfers when you apply for a NAB credit card. The application generally only takes 10 minutes to complete. Once your application is approved, your card will take 5-7 days to arrive.
  • Mobile banking. Bank on the go with NAB mobile banking. Check your balance, make repayments or transfer funds with NAB Internet banking.

Before going ahead, what else do I need to know?

  • Eligible banks. NAB does not accept balance transfers from all institutions. Check if your bank is eligible here.
  • Minimum transfer. Each balance transfer amount must be $200 or more.
  • You credit card limit must be more than the amount you are wishing to transfer. NAB does not offer 100% of your credit limit to be used as a balance transfer and may refuse any balance transfer request at its discretion.
  • Multiple transfers. No more than two balance transfers are permitted.
  • Interest-free days. Interest-free days on purchases only apply when you pay your account in full by the due date each month. This includes any unpaid balance transfer amounts.
  • Closing your old account. You’ll need to close your old account by contacting the bank that issued your old credit card. NAB does not do this automatically.
  • Look out for promotions. NAB frequently offers promotions such as  0% p.a. on balance transfers for 24 months.
  • Balance transfer fee. NAB does not charge a balance transfer fee.

How to apply for an NAB balance transfer

The application process will take 10 minutes to complete. A reply will be sent within 60 seconds stating whether the application was successful or not. You will then need to complete the verification online and your card will arrive in the mail within 5-7 days. You’ll need to have the following information handy so you can answer the questions on the application form:

  • Your current non-NAB credit card or store card
  • The card number(s)
  • The amount you'd like to transfer onto your new NAB card
  • Bank statements or a pay slip

The application process

  1. Apply for the credit card. Once you’ve decided which credit card is right for you, start the application process.
  2. Read and accept the terms and conditions. Make sure you’ve read over and understood the fine print to ensure that the card can support your balance.
  3. Decide if you would prefer MasterCard or Visa. NAB gives customers the option to choose a MasterCard or Visa, so decide before applying.
  4. Fill in your personal details. This includes your full name, contact details and driver’s licence number.NAB-balance-transfer-step-1
  5. Provide employment and financial information. You will need to answer questions about your employment, your income, what you spend and details regarding financial stability. Make sure to have these details handy before beginning the application.NAB-balance-transfer-step-3 NAB-balance-transfer-step-2
  6. Decide your card options. You’ll then be asked to select your limit options, if you would like an additional cardholder and whether you would like to complete a balance transfer.NAB-balance-transfer-step-3
  7. Confirm. Confirm the information is correct before completing your application. Double-check that you’ve attached all of the necessary documents, as this could impact the success of your application.NAB-balance-transfer-step-5

If you’re carrying a balance that’s collecting high interest, a balance transfer could be the resolution you need to start consolidating your debt. If you decide to conduct a balance transfer with NAB, make sure that you meet the eligibility requirements, have the necessary documents and understand the terms and conditions before applying.

Back to top

Sally McMullen

Sally McMullen is a journalist at finder.com.au who is a credit cards, frequent flyer and travel money expert by day and music maven by night.

Was this content helpful to you? No  Yes

Related Posts

ANZ Platinum Credit Card - Exclusive Offer
ANZ Platinum Credit Card - Exclusive Offer

Interest rate

19.74

Annual fee

87
St.George Vertigo Platinum
St.George Vertigo Platinum

Interest rate

12.74

Annual fee

99
NAB Low Rate Credit Card
NAB Low Rate Credit Card

Interest rate

13.99

Annual fee

59

Ask 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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

8 Responses to NAB credit card balance transfer guide

  1. Default Gravatar
    Lisa | April 8, 2017

    Applied for a 2year interest free card/balance transfer with NAB, supplied card number and balance owing. Credit arrives approved same day. How does the balance transfer take place to enable nterest free?

    • Staff
      Anndy | April 10, 2017

      Hi Lisa,

      Thanks for your question.

      If you have applied for a balance transfer during the application process, if approved, NAB will take care of paying your old credit card provider. It’s a bank-to-bank transaction.

      However, if you did not apply for a balance transfer during application, NAB allows you to transfer a balance to a NAB credit card under the promotional rate of interest provided that it is within a 30 day period of activating the card. If you elect to transfer a balance after this 30 period, you will receive NAB’s standard rate for balance transfer for existing customers.

      Cheers,
      Anndy

  2. Default Gravatar
    Colin | February 13, 2017

    Can I perform a credit card balance transfer to my NAB card, on line? Thank you.

    • Staff
      Anndy | February 14, 2017

      Hi Colin,

      Thanks for your question.

      Balance transfer application can be done online. However, please note that to take advantage of the 0% balance transfer offer, generally, you’ll have to request a balance transfer at the time of credit card application.

      For more information how balance transfer works and to compare balance transfer cards, you can visit this page.

      Cheers,
      Anndy

  3. Default Gravatar
    Sharon | April 17, 2016

    Can you use a balance transfer to pay off a personal loan?

    • Staff
      May | April 18, 2016

      Hi Sharon,

      Thanks for your inquiry.

      You can actually transfer your personal loan balance to a credit card and the Citi and Virgin Money credit cards allow you to do that. Please feel free to check this link to compare your options.

      Hope this helps.

      Cheers,
      May

  4. Default Gravatar
    Heather | August 30, 2011

    can I transfer money from NAB to my sons a/c with Heritage B.S.

    • Staff
      Jeremy | August 31, 2011

      Hi Heather

      Just to confirm – do you mean do a credit card balance transfer from NAB to Heritage Building Society? If so, it’s only possible if both cards are in your name.

      Cheers

      Jeremy

Ask a question
feedback