NAB Low Rate Card

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Pay 0% p.a. interest on purchases for the first 6 months when you get a new NAB Low Rate credit card.

The NAB Low Rate credit card offers a standard interest rate of 13.99% p.a. on purchases and a competitive annual fee of $59.

0% p.a.

Balance transfer rate

for 6 months with 2% balance transfer fee

0% p.a.

Purchase rate

for the first 6 months (reverts to 13.99% p.a.)

$59 p.a.

Annual fee

55 days

Interest free period


Product NameNAB Low Rate Credit 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 balance
Purchase Rate0% for 6 months (reverts to 13.99% p.a.)
Annual Fee$59
Interest Free Period55 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$500
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • Take advantage of 0% p.a. for 6 months on purchases.
  • Receive 0% p.a. on balance transfers for 6 months.
  • This card offers a low annual fee of $59.
  • You can request for an additional credit card at no extra cost.


  • This card has no rewards program which means there's no incentive for spending.
  • Interest-free of up to 55 days on purchases do not apply with an outstanding balance transfer.
Annual Fee$59
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
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

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The NAB Low Rate is a simple credit card that offers a competitive ongoing interest rate for purchases and an annual fee of $59. If you have big expenses coming up, the introductory 0% p.a. purchase rate could also give you some breathing space for the first 6 months (although you'll still have to make minimum payments during this time).

How to apply

You can apply for the NAB Low Rate credit card in around 25 minutes and should receive a response within 60 seconds of submitting the secure application form. Get started by making sure you meet the following requirements and have the necessary details and documents on hand.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • 0% p.a. purchase rate promotion. This card's introductory 0% p.a. purchase rate means you can shop and pay no interest for the first 6 months. At the end of the promotional period, any remaining balance from your purchases will be charged interest at the standard purchase rate of 13.99% p.a.
  • Low purchase rate. This card has a relatively low standard purchase rate of 13.99% p.a.

Rates & fees

  • Annual fee. The NAB Low Rate Card has an annual fee of $59 that is competitive to other low rate cards. If you don't want an account that charges an annual fee, you can compare no annual fee credit cards instead.
  • Foreign transaction fee. If you use this card overseas or shop online in a foreign currency, you'll be charged a fee worth 3% of the transaction value.

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  1. Default Gravatar
    May 21, 2018

    Can I pay out my car loan with an interest free credit card via BPay?

    • AvatarStaff
      May 21, 2018

      Hi Dean,

      Thanks for getting in touch!

      You can link your NAB card with BPay and pay your car loans and other bills using BPay. For further information, you may check with your bank on how to link your account with BPay. Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      Don’t hesitate to message us back if you have more questions.


  2. Default Gravatar
    May 4, 2017

    is there any purchase protection, overseas transactions fee, International Currency Conversion Fees etc.

    • AvatarStaff
      May 4, 2017

      Hi Ben,

      Thanks for reaching out.

      Yes, the NAB Low Rate Card has purchase protection. You can find the link to the booklet that outlines the policy on purchase protection on the NAB’s official page. Please click on the “Go to site” button above to be redirected to NAB’s page.

      If you will also click on the “Fees & Repayments” tab above, you would find the fees and rates of this card including foreign currency conversion fee, cash advance fee, overseas ATM withdrawal fee, etc.

      Hope this helps.


  3. Default Gravatar
    May 3, 2017

    what does awaiting moderation mean?

    • Default Gravatar
      May 3, 2017

      Hi Karren,

      Thanks for your inquiry.

      Basically, awaiting moderation means “waiting for approval from a moderator moderator”

      Hope this information helped.


  4. Default Gravatar
    April 18, 2017

    just wondering once the term of the interest free period is up and the debt has been paid are we able to close the credit card account immediately or is there a certain timeframe in which we are not aloud to close the account.

    • AvatarStaff
      April 18, 2017

      Hi Wes,

      Thanks for your question.

      As long as you have repaid the balance in your card, you can close it anytime.

      Our guide on how to cancel a credit card may help.


  5. AvatarStaff
    February 15, 2017

    Hi Mike,

    Thank you for your question and for contacting – we financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

    I’m afraid that you should be an Australian permanent resident to be able to apply for the NAB Low Rate Credit Card. You may want to refer to this page to compare your credit card options.


  6. Default Gravatar
    December 15, 2016

    I am applying for my first ever credit card, I will not be purchasing frequently, so I would like to know if this is the right type of cc for me. Also, how long will it take to receive this card ready to use?

  7. Default Gravatar
    October 13, 2016

    Is there a minimum annual earnings requirement?

    • AvatarStaff
      October 13, 2016

      Hi Duncan,

      Thanks for your question.

      For the NAB Low Rate Credit Card, the minimum income requirement was not specifically mentioned as to how much, however, generally, for most credit card companies, they would accept applicants with income of $15,000 p.a. You can find more information about the income requirements for credit cards on this page.

      It’s best to get in touch with NAB if you want to verify the exact amount for the minimum income requirement for this card.

      Hope this is helpful.


  8. Default Gravatar
    October 12, 2016

    Can I do a balance transfer from St George bank?

    • AvatarStaff
      October 13, 2016

      Hi Marius

      Thank you for your comment.

      Yes, balance transfers between St. George credit card and NAB are allowed. For your complete guide and reference, you can find on this page which banks allow you to transfer your balance to and from.


  9. Default Gravatar
    September 20, 2016


    Just wondering what is the max credit limit on the NAB LOW FEE CARD?

    • AvatarStaff
      September 20, 2016

      Hi Mustafa,

      Thanks for your question.

      The card doesn’t have a set maximum credit limit. Instead, the maximum credit limit you’ll be approved for will depend on details such as your income and credit history. When applying for a credit card, you can usually nominate the maximum credit limit you’d like to be approved for, though the final credit limit will ultimately be the bank’s decision.

      I hope this has helped.



  10. Default Gravatar
    September 19, 2016

    Is there any processing fee or admin charges for purchase rates?

    • AvatarStaff
      September 20, 2016

      Hi Latif, thanks for your inquiry!

      There are no processing fees/ admin charges for purchases made domestically. However merchant credit card surcharges may still be charged on your purchases/ transactions.



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