NAB Low Fee Card – Details and Application

Not yet rated

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

The NAB Low Fee Card offers affordability, with a competitive annual fee of $30. You can also keep your interest costs down for new purchases, with up to 44 interest-free days if you pay your balance in full by the due date on each statement.

If your goal is to pay off existing credit card debt, you can currently take advantage of a 0% p.a. for the first 18 months balance transfer offer (with a 2% balance transfer fee). This offer is available to new NAB applicants who perform a balance transfer at the time of their credit card application.

Product NameNAB Low Fee Card
Balance transfer rate (p.a.)0% p.a. for 18 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.
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
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
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$30 p.a.
Late Payment Fee$15
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee
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
Additional Cardholder Fee$0
Number of Additional Cardholders1

Pros

  • A low annual fee of $30
  • 0% p.a. on balance transfers for 18 months if you apply 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 has no rewards program which means there's no incentive for spending.
  • This card comes with a one-time 2% balance transfer fee.

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 18 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.
  • 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 personal retail goods purchased anywhere in the world. Please note that exclusions, limits and terms and conditions apply.
  • 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. This could help you avoid interest costs on purchases, but isn't eligible for cardholders who have carried a balance beyond the statement due date.

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.
  • Minimum credit limit. The minimum credit limit on this card is $500.
  • Card type. As a Visa card, 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.
  • Eligible for Samsung Pay. You can link your NAB credit card with Samsung Pay to make contactless payments using your qualifying Samsung device at the checkout.

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

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

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 Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

55 Responses

  1. Default Gravatar
    DhirajMay 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
      JoshuaMay 20, 2018Staff

      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

  2. 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?

    • Default Gravatar
      DanielleJune 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

  3. Default Gravatar
    trevorJanuary 22, 2017

    I only want a 6000$ limit

    • finder Customer Care
      LouJanuary 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

  4. Default Gravatar
    September 13, 2016

    Hi,

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

    Regards,

    MR

    • finder Customer Care
      LouSeptember 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

  5. Default Gravatar
    September 12, 2016

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

    • finder Customer Care
      LouSeptember 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

  6. 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??

    • finder Customer Care
      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

    • finder Customer Care
      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

  7. 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

    • finder Customer Care
      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

  8. Default Gravatar
    RandeepAugust 25, 2014

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

    • finder Customer Care
      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

  9. 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.

    • finder Customer Care
      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.

  10. Default Gravatar
    markMay 13, 2013

    i would like to know my credit card result

Credit Cards Comparison

Rates last updated August 20th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

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.

Ask a question
Go to site