NAB Low Fee Platinum Card

Consolidate credit card debt and benefit from a 0% p.a. for 6 months balance transfer offer with a new NAB Low Fee Platinum Card.

The NAB Low Fee Platinum offers a minimum credit limit of $6,000 and a host of benefits including complimentary insurance covers and a concierge service. It charges a $90 annual fee.

0% p.a.

Balance transfer rate

for 6 months with 2% balance transfer fee

19.74% p.a.

Purchase rate

$90 p.a.

Annual fee

44 days

Interest free period

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Product NameNAB Low Fee Platinum 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$90
Interest-free periodUp to 44 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$6,000
Max credit limit$30,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationYes


  • Enjoy 0% p.a. on balance transfers for the first 6 months.
  • This card comes with complimentary insurances including purchase protection and extended warranty insurance
  • You can request an additional cardholder at no extra cost.


  • There is an interest-free period of only up to 44 days on purchases as compared to other cards that offer up to 55 days interest-free.
  • There is no incentive for spending with this card as it has no rewards program.
  • For balance transfers, a one-time 2% balance transfer fee applies.
Bonus pointsN/A
Annual fee$90
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

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 Platinum card currently has one of the shortest interest-free balance transfer offers on the market. This would be best suited to you if you only have a small debt that you want to clear in 6 months or less. However, this card charges a 2% balance transfer fee and $90 annual fee, so you’ll need to factor this into your overall costs.

How to apply

You can apply for the NAB Low Fee Platinum Card online in 15 minutes and get a response in 60 seconds. Before you apply, make sure you meet the eligibility requirements and have the necessary documents and details you'll need for the online application.

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. NAB allows you to transfer up to 90% of your approved credit limit from non-NAB accounts.

Card benefits

  • Complimentary insurances. You can access a range of complimentary insurance options when you use this card on eligible purchases, including interstate flight inconvenience insurance, purchase protection insurance and extended warranty insurance. There are different conditions for each type of cover so check the NAB Card Insurance Policy Information Booklet for full details.
  • Balance transfer offer. Receive a 0% p.a. interest rate on balance transfers for the first 6 months. A one-time 2% balance transfer fee applies and you will still need to make minimum payments by the due date listed on each statement. Any remaining balance at the end of the promotional period will attract the cash advance interest rate.

Rates & fees

  • Annual fee. This card charges an annual fee of $90 p.a.
  • Purchase interest rate. This card charges an interest rate of 19.74% p.a. on purchases.

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    Default Gravatar
    September 11, 2019


    My wife and I received the full age pension income plus some shares dividends and bank interest. My taxable income is around $23k. Will I be eligible for applying credit card with travel insurance?

    Thank you kindly.

      Avatarfinder Customer Care
      September 11, 2019

      Hi Stan,

      Thank you for getting in touch with Finder.

      You may apply for this card if you meet the eligibility criteria above. If you do, simply head to NAB’s official website to apply. Please make sure to read the features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      You may also refer to our list of credit cards for pensioners and retirees to compare your option. When you are ready, press the ‘Go to site’ button of your preferred card to apply.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    September 24, 2018

    I am confused which credit card of nab I should apply for.
    I would like to have a credit with a limit of 20k.
    I don’t use a lot of my credit.and if I use I don’t normally spend more than 200 per month.
    so I do prefer a low annual fee.

    Can you please help me to find the best.

    thank you

      Avatarfinder Customer Care
      September 26, 2018

      Hi Mary,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Normally, it is the bank that will determine your credit limit based on how they assess your financial status. For low annual fee credit cards from NAB, most of them will not give you starting credit limit of 20,000AUD. Not only that, but the maximum credit limit for NAB credit cards are usually not specified on their website. Thankfully, during your card application, you have the option to apply for a higher credit limit available for your card. It is up for NAB then to approve your request or not.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    August 7, 2018

    I would like to apply for credit cards with a limit of 6000 but I am on a Bridging visa A(subclass 010). Please consider my question and reply on it. Thank you

      Avatarfinder Customer Care
      August 10, 2018

      Hello Meena,

      Thank you for your comment.

      Generally, there are just some Australian banks offering credit cards to temporary residents. The page does not specifically state that the listed cards are for those on a bridging visa however you can definitely inquire to the providers listed your eligibility to apply. The limit will depend on how the provider assesses your financial status and other factors.

      Please note that application requirements must be met as a temporary resident and these differ between different banks and providers. I hope this helps.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.


    Default Gravatar
    September 1, 2017

    When you sign on for the Credit card in one person’s name and then purchase over $500 for Travel does the Insurance cover both persons i.e. husband and wife travelling together of whom tickets were purchased for at the same time? OR, is the insurance only extended to the Card holder and the partner is not covered?

      Avatarfinder Customer Care
      September 2, 2017

      Hi RH,

      Thanks for your comment.

      Most policies also extend coverage to your partner and children when they travel with you. The key is to make sure you know who and what is covered by the policy and that you all meet the requirements for coverage, just as you would with a bought policy.

      While credit card complimentary insurance policies vary between issuers, they are underwritten by the same major insurance companies. Here, we’ll look at the two main providers and the credit card policies they underwrite to help you understand how and when your family will be eligible for cover.

      Best to contact NAB directly to check further.


    Default Gravatar
    July 11, 2017

    Does the complimentary travel insurance cover the cost of the rental car excess fee in the event of a claim in France?

      Default Gravatar
      July 12, 2017

      Hi Ian,

      Thanks for your inquiry.

      It doesn’t. When you use this card to make travel reservations in excess of $500, you’ll receive overseas travel insurance. This offer covers up to $20,000 of medical expenses, travel cancellation, missed connections, collision damage, personal liability, accidental disability or death and other scenarios. Other complimentary covers include interstate flight inconvenience insurance, transport accident insurance, domestic hotel burglary insurance, purchase protection insurance, extended warranty insurance, and price protection insurance.

      Hope this information helped.


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