NAB Low Fee Card

This NAB credit card has a low $30 annual fee and an introductory 0% p.a. interest rate on balance transfers, but only for the first 6 months.

The NAB Low Fee Card gives you access to simple credit card features and a competitive annual fee. It can be used anywhere Visa is accepted and offers up to 44 interest-free days on purchases when you pay the full amount listed on your statement by the due date. Otherwise, a 19.74% p.a. interest rate applies to purchases and is at the higher end of the scale.

If your goal is to pay off existing credit card debt, you can take advantage of a 0% p.a. interest rate for the first 6 months on balance transfers. This is one of the shorter balance transfer offers on the market and also has a one-time 2% balance transfer fee. This makes it suited to people who want to switch to this card and only have a small amount of debt they can pay off within the 6-month introductory period.

Amy Bradney-George

Last Updated Aug 6, 2021

0% p.a.

Balance transfer rate

for 6 months with 2% balance transfer fee

19.74% p.a.

Purchase rate

$30 p.a.

Annual fee

44 days

Interest free period

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Details

Product Name	NAB Low Fee Card
Balance transfer rate	0% p.a. for 6 months with 2% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	90% of available limit
Purchase rate	19.74% p.a.
Annual fee	$30
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$1,000
Max credit limit	$30,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes

Pros

Complimentary purchase protection insurance cover
A low annual fee of $30
0% on balance transfers for the first 6 months
Additional cardholder at no extra cost

Cons

Offers 44 days interest-free on purchases, compared to other cards that offer up to 55
No rewards program which means there's no incentive for spending
A 2% fee applies to any balances transferred

Bonus points	N/A

Annual fee	$30
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

Go to NAB's site More info

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The NAB Low Fee Card is suited to people who want a basic credit card with an affordable annual fee. Right now, you can also save with a 0% p.a. balance transfer offer. But it’s one of the shortest interest-free balance transfer offers on the market, so make sure that you can repay your debt in full before the revert rate applies.

This card charges a relatively high purchase interest rate, so it’s suited to cardholders who can pay their balance in full each month.

How to apply

You can apply for the NAB Low Fee Card online in around 15 minutes and get a response in 60 seconds. Before you start the application, check if you meet the eligibility requirements and have the necessary information ready:

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.
Eligible balance transfer debt. You must apply for the balance transfer at the time of application and you can transfer up to 90% of your available credit limit from non-NAB Australian credit cards.

Credit history. You must have a good credit score.
Age. Applicants must be at least 18 years old.

Required documents

Personal information. This includes your full name, date of birth, contact details, residential address, marital status and number of financial dependents.
Proof of identification. You'll need to provide your Australian driver's licence, passport or another form of ID to verify your identity.
Finances. You'll be asked to confirm your annual income with recent payslips or bank statements. You'll also need to list your expenses, assets as well as any debts.
Employment. Confirm your current employment and list your employer's contact information.

Go to NAB's site More info

Card benefits

Purchase protection insurance. NAB Purchase Protection Insurance provides complimentary cover for three months against theft, accidental damage or loss for personal retail goods purchased anywhere in the world. Exclusions, limits and terms and conditions apply so check the NAB Purchase Protection Policy Insurance Booklet (available via NAB) for full details.
Free additional card. You can request an additional cardholder to be linked to the account at no additional cost.

Low annual fee. The annual fee on the card is $30.
Balance transfer rate. This card offers a 0% p.a. interest rate on balance transfers for the first 6 months, which reverts to the cash advance rate after that period. A one-time 2% balance transfer fee applies and minimum monthly repayments are required.
Mobile wallets. You can link your NAB credit card with Apple Pay, Samsung Pay, Google Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.
Visa Offers + Perks. You can take advantage of exclusive offers on shopping, dining, travel and entertainment, with the range of current deals listed on the Visa Offers + Perks website.

Rates & fees

Purchase interest rate. This card charges a 19.74% p.a. purchase interest rate.
Interest-free days. Receive up to 44 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.

Cash advance interest rate. If you use your cash for a cash advance, such as an ATM withdrawal, you'll be charged the 21.74% p.a. cash advance rate.
Minimum credit limit. The minimum credit limit on this card is $1,000.

Go to NAB's site More info

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53 Comments

Dhiraj
May 20, 2018

Hi,
I am looking for credit card balance transfer from BankSA. I have temporary Australian resident status so, May I eligibility for balance transfer ?
Thanks
Dhiraj

finder Customer Care

Joshua
May 20, 2018

Hi Dhiraj,

Thanks for getting in touch with Finder. I hope all is well with you. :)

Yes, you can do a balance transfer from BankSA even if you are a temporary Australian resident provided that you meet the eligibility requirements of your chosen bank.

You can also use our comparison table to help you compare credit cards for temporary residents. You can press the name of the card or the “More info” link to get more information about the card’s balance transfer rate and conditions. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

Have a wonderful day!

Cheers,
Joshua

Pips
June 28, 2017

What is the purchase rate and does it apple when you are in the internet free periods eg 15 months interest free period?

Danielle
June 28, 2017

Hi Pips,

Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

The ongoing purchase rate on this card is 19.74% p.a and yes it still applies. Also this card has a standard balance transfer rate of 0% p.a. for 6 months which reverts to the standard cash advance rate. The cash advance rate on this card is 21.74% p.a.

I hope this helps.

Cheers,
Danielle

Trevor
January 22, 2017

I only want a 6000$ limit

finder Customer Care

Dee
January 23, 2017

Hi Trevor,

Thanks for reaching out.

If you wish to apply for NAB Low Fee Card, you can go ahead and select the ‘go-to site’ button on our page. But please do read the eligibility criteria to apply beforehand.

You may also want to check low-interest rate credit cards and find the right financial product for you.

Cheers,
Anndy

Marshel
September 13, 2016

Hi,

Can i also use this card overseas or in other countries?

Regards,

finder Customer Care

Dee
September 13, 2016

Hi Marshel,

Thanks for your question.

Yes, you can use NAB Low Fee Card overseas where VISA is accepted. However, please note that it charges foreign currency conversion fee as well as overseas ATM balance check and withdrawal fees.

Cheers,
Anndy

Matthew
September 12, 2016

When applying for the card , do I have to give my employers details
Thanks

finder Customer Care

Dee
September 13, 2016

Hi Matthew,

Thanks for your question.

When you apply for NAB Low Fee Card, one of the requirements is for you to provide the name, address and phone number of your employer.

Cheers,
Anndy

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