NAB Low Fee Card – Details and Application

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Minimise your credit card expenses with a low annual fee and an introductory offer on balance transfers with the NAB Low Fee Card.

The NAB Low Fee Card provides an affordable option which keeps the overall card expense to a minimum for just a $30 annual fee. Cardholders can further reduce their costs by using up to 44 interest-free days on purchases on the card.

The 0% p.a. for the first 16 months balance transfer offer is available to new NAB applicants who apply by 1 October 2017 and perform a balance transfer at the time of their credit card application. This card lets you enjoy premium card benefits including exclusive entertainment from Visa and complimentary purchase protection insurance.

Product NameNAB Low Fee Card
Balance transfer rate (p.a.)0% p.a. for 16 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit90% of available credit limit
Purchase rate (p.a.)19.74% p.a.
Offer end date1 October 2017
Annual fee$30 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Card TypeVisa
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Annual Fee$30 p.a.
Late Payment Fee$15
Over Limit Fee$0
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas Emergency Replacement$100
Overseas ATM Balance check$1
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • A low annual fee of $30
  • 0% p.a. on balance transfers for 16 months if you apply by 1 October 2017 and complete the balance transfer at the time of the credit card application
  • Additional cardholder at no extra cost

Cons

  • There is only an interest-free period of up to 44 days on purchases.
  • This card comes with a one-time 2% balance transfer fee.

NAB Low Fee Card review

The NAB Low Fee Card is customised to help reduce the additional costs on a credit card. It offers a competitive annual fee, and the interest rate offer on balance transfers can also help keep interest costs low. As low fee cards seldom have reward points or complimentary insurance, this card doesn't offer such extras. This card provides competitive benefits for customers looking for a basic card with low costs.

Benefits of using a NAB Low Fee Card

  • Special balance transfer offer. This card offers a 0% p.a. interest rate on balance transfers for the first 16 months, which reverts to the cash advance rate after that period. This special balance transfer rate is only applicable if you complete the balance transfer at the time of your credit card application. Take note that a one-time 2% balance transfer fee applies and minimum monthly repayments are required. Offer ends on 1 October 2017.
  • Low annual fee. The annual fee on the card is $30.
  • Purchase Protection Insurance. NAB Purchase Protection Insurance provides cover for three months against theft, accidental damage or loss for goods purchased anywhere in the world. This insurance is limited to a maximum amount of $100,000 within a twelve-month period.
  • Free additional card. A supplementary card for an additional member can be requested at no extra charge.
  • Interest-free days. The card comes with up to 44 interest-free days on purchases. Using this option, the cardholders can ensure they never pay a single cent on interest costs for any purchase. The interest-free days do not apply with an outstanding balance transfer.

Features of the NAB Low Fee Card

  • Purchase rate. The ongoing purchase rate on this card is 19.74% p.a.
  • Cash advance rate. The cash advance rate on this card is 21.74% p.a.
  • Standard balance transfer rate. This card has a standard balance transfer rate of 0% p.a. for 6 months, which reverts to the standard cash advance rate, is not available in conjunction with the special balance transfer offer and comes with a one-time 2% balance transfer fee.
  • Minimum credit limit. The minimum credit limit on this card is $500.
  • Card type. Visa, customers can use payWave and can also look forward to perks courtesy of Visa Entertainment.
  • Late payment fee. Cardholders are charged $15 for late payment if their statement is not paid by the requisite date, unless their balance is less than $50.

How to apply for NAB Low Fee Card

If this card is suitable for your needs, you can apply for it today by completing the secure online application form:

Eligibility criteria

  • Age. Applicants must be at least 18 years or older.
  • Residential status. Permanent Australian residents may apply.
  • Credit history. Applicants must have a good credit rating.

Required documents

  • Personal details are required while applying. These include name, date of birth, marital status, contact details and more. Applicants also need to provide their email address which will be used for future communication.
  • Details about the income and expenses need to be provided.
  • Name, address and phone number of the employer are needed.
  • Driver’s license or other identity documents need to be submitted.
  • If the applicant is self-employed, the name and address of the accountant are required.

A response to the application is sent within 60 seconds. If the application is approved, you'll receive the card within 5-7 business days. The NAB Low Fee Card provides the option to use a credit card at a competitive annual fee. Use of interest-free days on purchases helps in reducing the interest burden. This card gives you the option to limit credit card expenses while providing benefits like Purchase Protection Insurance, contactless purchasing options, free additional card and more.

Frequently asked questions

This card is not available for temporary residents. You can look at other cards for temporary residents. There might be income and employment requirements for these cards.
Balance transfer is usually limited to a percentage of the maximum credit limit approved for the card. For a NAB card, you can transfer up to 90% of your approved credit limit. The maximum credit limit is based on the financial situation of the applicant. You can also look at other balance transfer cards with high interest-free periods if you are specifically looking for balance transfer cards.
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54 Responses

  1. Default Gravatar
    PipsJune 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?

    • Staff
      DanielleJune 28, 2017Staff

      ​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

  2. Default Gravatar
    trevorJanuary 22, 2017

    I only want a 6000$ limit

    • Staff
      AnndyJanuary 23, 2017Staff

      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

  3. Default Gravatar
    September 13, 2016

    Hi,

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

    Regards,

    MR

    • Staff
      AnndySeptember 13, 2016Staff

      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

  4. Default Gravatar
    September 12, 2016

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

    • Staff
      AnndySeptember 13, 2016Staff

      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

  5. Default Gravatar
    XyzAugust 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??

    • Staff
      MayAugust 7, 2016Staff

      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

    • Default Gravatar
      JoanAugust 26, 2016

      can I get a cash advance from an ATM or over the counter as soon as i receive my card. i am a new credit card holder thank you Joan

    • Staff
      MayAugust 26, 2016Staff

      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

  6. Default Gravatar
    JulieFebruary 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

    • Staff
      JonathanFebruary 25, 2015Staff

      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

  7. Default Gravatar
    RandeepAugust 25, 2014

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

    • Staff
      ShirleyAugust 27, 2014Staff

      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

  8. Default Gravatar
    cynthiaNovember 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.

    • Staff
      JacobNovember 15, 2013Staff

      Hi Cynthia.

      We would love to be able to help, but you will need to contact the card issuer directly for an answer to your question.

      You can find contact numbers on this page.

      Thanks for your question.

  9. Default Gravatar
    markMay 13, 2013

    i would like to know my credit card result

  10. Default Gravatar
    JoMay 9, 2013

    What’s the minimum income needed to apply for the NAB Low Fee Card?

    • Staff
      JacobMay 10, 2013Staff

      Hi Jo. There is no minimum income requirement listed for this card, rather they will asses your application based on whether they think you can service the minimum credit limit. Jacob.

Credit Cards Comparison

Rates last updated August 17th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, long-term balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Apply by 31 October 2017 to receive a long-term, no fee balance transfer and a $129 Virgin Australia Gift Voucher each year.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 20 months
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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