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NAB Low Fee Card

Sally McMullen
Sally McMullen
Last updated:  

Save on credit card costs with a low annual fee and an introductory 0% p.a. rate on balance transfers with the NAB Low Fee Card.

The NAB Low Fee Card offers affordability and modest perks, with a competitive annual fee of $30, up to 44 interest-free days on purchases and offers from Visa Entertainment.

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

Details

Product NameNAB Low Fee Card
Balance Transfer Rate0% p.a. for 6 months with 2% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (21.74% p.a.)
Balance Transfer Limit90% of available balance
Purchase Rate19.74% p.a.
Annual Fee$30
Interest Free Period44 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$500
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • 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
Annual Fee$30
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders1

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The NAB Low Fee Card cardholders can save with a low annual fee and 0% p.a. balance transfer offer. 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.

How to apply

You can apply for the NAB Low Fee card online in 25 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

  • Age. Applicants must be at least 18 years old.
  • Residential status. You can apply for this card if you are an Australian citizen, permanent resident or temporary resident. If you're not a citizen or permanent resident, you will need to provide the last overseas address you lived in.

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.
  • Free additional card. You can request an additional cardholder to be linked to the account at no additional cost.

Rates & fees

  • Purchase interest rate. This card charges a 19.74% p.a. purchase interest rate.
  • Interest-free days. If you pay your balance in full by the statement due date, you can save with up to 44 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer debt.

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57 Comments

  1. Default Gravatar
    Paras
    February 22, 2019

    Hi,

    How long does it take to process the balance transfer?

    Thanks

    Reply
    • AvatarStaff
      Joshua
      February 24, 2019

      Hi Paras,

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

      Generally speaking, during your online application, it takes around 15 minutes to finish the application process. If you apply by post or in-person, the process may take longer.

      If you are approved, it takes about ten days for your credit card to arrive. Once you receive it, you then activate the card. From there, it will then take another one or two weeks for the balance transfer to be added to your new account.

      If you want to know more, you can read our guide entitled, “How long does a balance transfer take?” You will also learn how fast each bank in Australia process balance transfer applications as well as some tips on how to speed up your balance transfer.

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

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
  2. Default Gravatar
    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

    Reply
    • AvatarStaff
      Joshua
      May 20, 2018

      Hi Dhiraj,

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

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

      On this page, you will find some of the banks that allow you to do a balance transfer. You will see a table on that page. Use it to compare Australian credit cards for temporary residents and do a balance transfer.

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

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
  3. Default Gravatar
    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?

    Reply
    • Default Gravatar
      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

      Reply
  4. Default Gravatar
    trevor
    January 22, 2017

    I only want a 6000$ limit

    Reply
    • AvatarStaff
      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 click the ‘go to site’ button on our page. But please do read the eligibility criteria to apply beforehand.

      If you want to check out other low-interest rate credit cards, please refer to this page.

      Cheers,
      Anndy

      Reply
  5. Default Gravatar
    Marshel
    September 13, 2016

    Hi,

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

    Regards,

    MR

    Reply
    • AvatarStaff
      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

      Reply
  6. Default Gravatar
    Matthew
    September 12, 2016

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

    Reply
    • AvatarStaff
      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

      Reply
  7. Default Gravatar
    Xyz
    August 5, 2016

    I want to apply this card with balance transfer request. If i use this money will that be interest free too?? Also it says 45 days interest free thing but not on cash advances. what does that mean??? Also this thing which is written with the card with one time 2%off on cash advances ..what does that mean??

    Reply
    • AvatarStaff
      May
      August 7, 2016

      Hi Xyz,

      Thanks for your questions.

      44 days interest-free period
      For the NAB Low Fee Card, the 44 days interest-free period is not applied on cash advances, the same is true for all other credit cards. The 44 days interest-free period is applicable for purchases only. To receive interest-free days you must repay your account’s outstanding balance in full in the previous month. This feature will also not be in effect if the card still offers 0% interest on purchases.

      2% one-time balance transfer fee
      Meantime, the one-time 2% fee is for applied for the balance transfer not on cash advances. A credit card balance transfer is the process where you transfer the balance (any money you owe on your current credit card) to a new credit card with another credit card institution. Please note that you have to pay a fee for conducting the BT, that is a one-time 2% of the total balance transfer amount.

      Cash advance fee and interest
      So, if you will use NAB Low Fee Card to get a cash advance, you’ll be charged interest of 21.74% p.a. and a cash advance fee of 2% or $2.50, whichever is greater.

      I hope this has answered your questions.

      Cheers,
      May

      Reply
    • AvatarStaff
      May
      August 26, 2016

      Hi Joan,

      Thank you for your question.

      Yes, you can get a cash advance from this NAB Low Fee Card through ATMs and/or over the counter. Please keep in mind though that you’ll be charged interest at the cash advance rate and incur the cash advance fee each time you make a cash advance.

      Cheers,
      May

      Reply
  8. Default Gravatar
    Julie
    February 24, 2015

    I am after a credit card with 0% purchase and 0% balance transfer rate. NAB seems to have the best credit card on offer but wanted to check to see if there was another card you could recommend?

    Thanks,
    Julie

    Reply
    • AvatarStaff
      Jonathan
      February 25, 2015

      Hi Julie, thanks for your inquiry!

      Please note that we are only licensed to provide general advice regarding the products we display. Depending on the credit card usage needs the combination of interest rates and features will vary. Please see this page for more a list of Best Credit Cards. You can compare cards on attributes such as balance transfer rates, interest rate and annual fees.

      Cheers,

      Jonathan

      Reply
  9. Default Gravatar
    Randeep
    August 25, 2014

    I’m overseas student (573 subclass)earning 34,000 p.a. Can I apply for this card. ?

    Reply
    • AvatarStaff
      Shirley
      August 27, 2014

      Hi Randeep,

      Thanks for your question.

      Unfortunately this card is not available for temporary residents. Please see this page for providers that may be able to help.

      Cheers,
      Shirley

      Reply
  10. Default Gravatar
    cynthia
    November 15, 2013

    Hi. I just applied for a credit card and I exceeded the attempts to put my verification number in and I have now received a new number, its 2418. Would you please be able to tell me if I have been approved or not. Thank you.

    Reply
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