NAB Low Fee Card

Save on credit card costs with a low annual fee and an introductory 0% interest 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 on shopping, dining, travel and entertainment through Visa Offers + Perks.

No reviews yet. Write a review

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

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

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 limit
Purchase rate19.74% p.a.
Annual fee$30
Interest-free periodUp to 44 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$1,000
Max credit limit$30,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationYes

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 pointsN/A
Annual fee$30
Late payment fee$15
Foreign currency conversion fee3%
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
Avatar

Review by


Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

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

  • 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.

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.

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.

Ask an expert

To ask a question simply log in via your email or create an account.

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

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

53 Comments

    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

      Avatarfinder 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

    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?

      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

    Default Gravatar
    trevor
    January 22, 2017

    I only want a 6000$ limit

      Avatarfinder 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

    Default Gravatar
    Marshel
    September 13, 2016

    Hi,

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

    Regards,

    MR

      Avatarfinder 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

    Default Gravatar
    Matthew
    September 12, 2016

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

      Avatarfinder 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

Go to site