NAB Low Fee Credit Card – Balance Transfer

Information verified correct on December 11th, 2016
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Reduce your credit card costs and repay your debt quicker with a low balance transfer offer on the NAB Low Fee Card.

Are you looking to save on credit card costs? Apply before the 22 January 2017 and enjoy 0% p.a. charged for 15 months on any balance you transfer to the Low Fee Card. You can also save money by transferring your non-NAB credit card, store card or charge card debt to this account.

Product NameNAB Low Fee Card
Balance transfer rate (p.a.)0% p.a. for 15 months with a one off 3% 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.)0% p.a. for 15 months (reverts to 19.74% p.a.)
Offer end date22 January 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$9
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$9
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 Fee
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • A low annual fee of $30
  • Additional cardholder at no extra cost
  • 0% p.a. on balance transfers and purchases for 15 months if you apply by 22 January 2017
  • Emergency travel assistance from Visa Global Customer Assistance Services

Cons

  • There is only an interest-free period of up to 44 days when you make a purchase on this card.

NAB Low Fee Credit Card review

When you apply for the NAB Low Fee Credit Card, you get to choose between receiving a MasterCard or a Visa card. To take advantage of up to 44 days interest-free on purchases, be sure to pay this account back in full each month. The NAB Low Fee Credit Card purchase and cash advance rates of interest are comparable.

The balance transfer promotion offered by NAB on their low fee card means you can enjoy lower fees and also move across existing credit card balances and pay less in interest. This card lets customers take advantage of low fees, access to lost card insurance and extra security features courtesy of Visa and MasterCard.

Benefits of the NAB Low Fee Credit Card

  • 0% p.a. for 15 months. Apply and get approved before 22 January 2017 for the NAB Low Fee Credit Card and you can move your current non-NAB store card, charge card or credit card debt to this account under the promotional offer. You can transfer up to of your available credit limit. Get approved for an account with a credit limit of $5,000 and you can transfer up to $3,500 from other cards. At the end of the promotional period, you'll be charged a revert rate of 19.74% p.a.
  • Low annual fee. You can benefit from a low ongoing annual fee of $30.
  • Interest-free days. Cardholders can take advantage of up to 44 days interest-free on purchases. You must pay their balance in full if you want to access the interest-free days offer.

NAB Low Fee credit card features

  • $0 supplementary card. Add a supplementary card to the account for $0 The credit limit is shared between the primary and supplementary cards, the primary cardholder is liable for spending on the account. Each card has its own number so you can identify the spend for each card when the statement arrives. A supplementary cardholder must be at least 16 years old.
  • Interest-free days on purchases. Use the NAB Low Fee Credit Card to make purchases, and you automatically get up to 44 days interest-free on the transaction. Pay your balance in full when your statement arrives to continue to receive interest-free days. Cardholders can not take advantage of this perk if they're carrying a balance from month to month.
  • Choice of Visa or MasterCard. Choose between a Visa and a MasterCard. Select which type of NAB Low Fee Card you want and get access to MasterCard or Visa benefits, security and features.
  • Purchase protection insurance. Use the NAB Low Fee Card to purchase an item anywhere in the world and you’re covered for loss, theft or accidental damage of that item for up to  months under the purchase protection insurance policy. The cover applies to household items for personal use.
  • Optional extras. Customers can also add lost card cover to the account. This is offered by Secure Sentinel, and covers you from fraudulent card use, helps you cancel any stolen or lost passports when travelling, grants emergency cash advances if your wallet is stolen and helps you in many other situations where your identity may be at risk of theft.

How to apply for the NAB Low Fee Credit Card

To apply for a NAB Low Fee Card with balance transfer offer simply follow the secure link on this page to NAB’s online application form.

The application takes ten minutes to complete and you should receive a response from NAB about the status of your Low Fee Card application within minutes of submitting the online form. You can verify your identity online, and if you’re approved for the account, your card will be ready to be picked up from a NAB branch, or delivered to your home in 5 - 7 working days. Here are some things to know before you apply:

Eligibility criteria

To be eligible to apply for a NAB Low Fee Card with the balance transfer offer you need to meet the following criteria:

  • Be 18 years old or over.
  • Be a citizen or Australian permanent resident.
  • Have a good credit rating.
  • Be able to service a minimum credit limit of $500.

Required documents

To make your application progress smoothly, have the following information on hand:

  • Identification. Passport, Medicare card, drivers licence or birth certificate can be used.
  • Information about your income. Your most recent payslips and your employer’s contact information. If you’re self employed, you will need to provide your account’s details.
  • Details of any assets and liabilities.
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Credit Cards Comparison

Rates last updated December 11th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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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