NAB Low Rate Business Card

Enjoy 0% on purchases for the first 12 months and no annual fee in the first year.

You can use the NAB Low Rate Business credit card to manage business spending through a single account that offers additional cardholders and detailed monthly summaries.

0% p.a.

Purchase rate

for the first 12 months (reverts to 13.25% p.a.)

$0 p.a.

Annual fee

for the first year ($60 p.a. thereafter)

55 days

Interest free period

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Product NameNAB Low Rate Business Card
Purchase rate0% p.a. for 12 months, reverts to 13.25% p.a.
Annual fee$0 annual fee for the first year ($60 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate13.25% p.a.
Min credit limit$5,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationYes


  • 0% interest for the first 12 months on purchases
  • $0 annual fee for the first year
  • Low variable interest rate of 13.25% p.a. on purchases and cash advances


  • You cannot earn rewards for your spending
  • Complimentary travel insurance is not included
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($60 p.a. thereafter)
Minimum monthly repayment2.5% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2% of transaction amount or $2.50 (whichever is greater)
Additional cardholder fee$60
Number of additional cardholders1,000

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The NAB Low Rate Business credit card offers a mix of affordable and practical features for sole traders, small businesses and larger companies. You have the option of adding up to 1,000 cards to the account, with a $60 annual fee per card ($0 in the first year). Each card can have its own credit limit, with detailed monthly card statements provided alongside an account summary designed to help you manage spending across the business.

How to apply

You can apply for the NAB Low Rate Business card online in around 15 to 20 minutes, with faster documentation options if you use MYOB or Xero. Before you apply, make sure you meet the eligibility criteria and have all the other required information and documents on hand.

Eligibility criteria

  • Business structure. You can apply for this card if you're a sole trader, someone in a partnership with up to two other partners, or a director of a company with up to five directors. Note that only businesses with a residential address in Australia are eligible for this card.
  • Business requirements. Your business must be registered for GST, have a valid ABN/ACN and have an annual turnover of at least $75,000 to apply for this account.

Card benefits

  • $0 annual fee in the first year. The annual fee for the primary card as well as any additional cards will be waived for the first year. The standard $60 annual fee (per card) will be charged to the account in the statement period following the anniversary of the first use of the card.
  • 0% p.a. on purchases for 12 months. You won't have to pay interest on your purchases for the first 12 months, which can help you repay the balance without any additional costs during that time. However, you will still need to make minimum payments by the due date on each statement period. At the end of the promotional period, any unpaid purchase balances will attract interest charges at the purchase rate. NAB may vary or end this offer at any time.

Rates & fees

  • Annual fee. After the annual fee waiver, this account charges a standard annual fee of $60 per card.
  • Purchase rate. Outside of any promotions, this card charges a purchase rate is 13.25% p.a.

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