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Our verdict

Offers up to $240 cashback and a low $30 annual fee, with a 19.74% p.a. variable interest rate on purchases.

The NAB Low Fee Card is suited to people who want a basic credit card with an affordable annual fee. Right now, new cardholders can also get $80 cashback each month by spending at least $500 on eligible purchases in that month – up to a maximum of $240 cashback in the first 3 months from account opening. The spend requirement to collect all the cashback is similar to other offers on the market. But as it’s split into requirements for each month, make sure you keep track of your spending if you want to collect the full cashback amount offered.

It also offers up to 44 days interest-free on purchases when you pay the full amount listed on your statement by the due date. Otherwise, a 19.74% p.a. variable interest rate applies to purchases, which means people who pay as they go, or who pay their balance in full each month, will usually get more value from it than people who carry a balance.

Pros

Up to $240 cashback offer
Complimentary purchase protection insurance cover
A low annual fee of $30
0% p.a. on balance transfers for the first 12 months
Additional cardholder at no extra cost

Cons

Offers 44 days interest-free on purchases, compared to other cards that offer up to 55 days
No rewards program which means there's no incentive for spending
A 3% fee applies to any balances transferred

The NAB Low Fee Card has simple credit card features and can be added to digital wallets including Apple Pay, Google Pay and Samsung Pay. It also offers complimentary purchase protection. If your goal is to pay off existing credit card debt, it currently offers 0% p.a. interest on balance transfers for the first 12 months, with a one-time 3% 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 12-month introductory period.

Details

Product details

Product Name	NAB Low Fee Card
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 21.74%
Balance transfer limit	90% of available limit
Purchase rate p.a.	19.74%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$1,000
Max credit limit	$30,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

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

How to apply

You can apply for the NAB Low Fee Card online in around 15 minutes and should get a response within 60 seconds. Before you start the application, check that you meet the eligibility requirements and have the details you'll need for the application.

Eligibility criteria

New cardholder. The cashback offer is only available when you apply for the NAB Low Fee credit card as a new cardholder before the offer is withdrawn.
Residency. You can apply if you're an Australian citizen or permanent resident. You can also apply if you're not a citizen or permanent resident but 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. You must be at least 18 years of age.

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. This includes your annual income, as well as recent payslips or bank statements. You'll also need to list your expenses, assets as well as any debts.
Employment. You'll need to confirm your current employment and include your employer's contact information.

Card benefits

Up to $240 cashback. For the first 3 months from account opening, you'll get $80 cashback each month when you spend at least $500 on eligible purchases in that month, up to a maximum of $240 cashback. The cashback will be credited to your account on the closing date of your statement. Keep in mind that NAB may vary or end this offer at any time.
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. But exclusions, limits and terms and conditions apply, so check the NAB Purchase Protection Policy Insurance Booklet (available via NAB) for full details.

Low annual fee. The annual fee on the card is $30. In comparison, other credit card annual fees in Australia typically range from around $25 to $500 or more.
Balance transfer offer. This card offers a 0% p.a. interest rate on balance transfers for the first 12 months, with a one-time 3% balance transfer fee. Keep in mind that minimum monthly repayments are still required you're paying off a balance transfer. And if you're still paying off the balance transfer at the end of the introductory period, a 21.74% p.a. interest rate applies.
Mobile wallets. You can link your NAB credit card with Apple Pay, Samsung Pay, Google Pay, Fitbit Pay or Garmin Pay to make payments straight from your device.
Visa Offers + Perks. This card gives you access to exclusive offers on shopping, dining, travel and entertainment, with current deals listed on the Visa Offers + Perks website.

Rates & fees

Purchase interest rate. This card has a 19.74% p.a. variable purchase interest rate.
Interest-free days. You'll get up to 44 interest-free days on purchases when you pay your balance in full by the due date on your statement. Or, if your statement shows an interest free days amount, when you pay that amount in full by the due date.

Cash advance interest rate. If you use your card for a cash advance, such as an ATM withdrawal, you'll be charged the 21.74% p.a. variable cash advance rate.
Additional card. There is no additional cardholder fee if you want to share the account with someone. Just keep in mind that you'll be responsible for managing the account, as the primary cardholder.
Minimum credit limit. The minimum credit limit on this card is $1,000.

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Amy Finder

Editor

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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

Joshua Finder

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

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Pips

June 27, 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 27, 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

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Trevor

January 22, 2017

I only want a 6000$ limit

Anndy Lou Finder

January 22, 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

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Marshel

September 13, 2016

Hi,

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

Regards,

Anndy Lou Finder

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

Anndy Lou Finder

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

NAB Low Fee Card

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