NAB Premium Visa Card – Rates and Fees

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Consolidate your credit card debt and benefit from a 0% p.a. for 20 months balance transfer offer when using your new NAB Premium Card.

New NAB Premium Card customers can take advantage of the introductory interest-free offer by requesting a balance transfer at the time of application. This credit card also offers a minimum credit limit of $6,000 and a host of features and benefits including complimentary insurance covers and a concierge service. It also has a competitive annual fee of $90.

Product NameNAB Premium Card
Balance transfer rate (p.a.)0% p.a. for 20 months with 2% 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.)19.74% p.a.
Annual fee$90 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.
$6,000
Card TypeVisa
Late Payment Fee$15
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 InsuranceYes
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.
$6,000
Annual Fee$90 p.a.
Late Payment Fee$15
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 Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Enjoy 0% p.a. on balance transfers for the first 20 months.
  • This card comes with complimentary insurances including overseas travel insurance.
  • You can request for an additional cardholder at no extra cost.

Cons

  • 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.

Review of the NAB Premium Card

In addition to the introductory offer, the NAB Premium credit card offers seven complimentary insurance covers – including international travel insurance when you use it to pay for at least $500 of your overseas travel costs. You can also enjoy round-the-clock access to the NAB Platinum Concierge Service and the NAB Service Centre.

As a Visa credit card, you'll be able to use the NAB Premium in stores all around the world, as well as online and over-the-phone. You can also make contactless payments through Visa payWave and enjoy exclusive entertainment, lifestyle and travel offers and privileges through the Visa Premium service that's designed exclusively for Visa platinum and premium cardholders.

Benefits of the NAB Premium Card

  • Balance transfer offer. Apply online to receive 0% p.a. on balance transfers for 20 months. Take note that a one-time 2% balance transfer fee applies and any remaining balance at the end of the promotional period will attract the cash advance interest rate.
  • Platinum cardholder benefits. Enjoy the benefits of a platinum card with access to the following premium services:
  • 24/7 NAB Service Centre. Got a question about your card? The NAB Service Centre team are available to chat at any time day or night.
  • NAB Concierge Service. This 24/7 service, provided by Visa Worldwide, can provide you with travel, lifestyle and entertainment assistance including planning and booking travel or tickets to events, reservations at hotels and restaurants or car and limousine rental.
  • VIP Lost Card Cover. Secure Sentinel offers an all-in-one safeguard for 24/7 reassurance in the case that your belongings and wallet are lost. It keeps a confidential list of any cards that you'd want to cancel if you lost them. In the event that you lose any of the cards, Secure Sentinel will contact the card issuer(s) on your behalf to cancel the cards and help you order the replacements. You'll also receive Australian passport and embassy assistance and a temporary mobile block if your phone is stolen.
  • Complimentary insurances. When you use this card to make travel reservations in excess of $500, you'll receive overseas travel insurance issued by QBE. This covers up to $20,000 of medical expenses, travel cancellation, missed connections, collision damage, personal liability, accidental disability or death and other scenarios. Other included covers include interstate flight inconvenience insurance, transport accident insurance, domestic hotel burglary insurance, purchase protection insurance, extended warranty insurance and price protection insurance.
  • Visa benefits. With Visa Front Line Access, you can reserve pre-sale tickets for some of the biggest sporting events and concerts in Australia. If you need emergency assistance when travelling, you can contact Visa Global Customer Assistance Services. Verified by Visa also ensures that you have a safe online shopping experience.
  • Fees and charges. This card attracts an annual fee of $90 and you can get additional cards without paying any extra annual fees. Some other fees and charges include a late payment fee, international transaction fee and cash advance fee.

Features of the NAB Premium Card

  • Interest rates. This card charges an interest rate of 19.74% p.a. on purchases. ATM withdrawals and cash advance transactions will attract an interest rate of 21.74% p.a. with a fee of 2% or $2.50, whichever is greater.
  • Interest-free days. Receive up to 44 interest-free days on purchases when you repay your balance in full every statement month. While an outstanding balance is carried month to month, no interest-free days will be awarded.
  • Annual fee. This card charges an annual fee of $90.
  • Minimum credit limit. The NAB Premium Card has a minimum credit limit of $6,000.
  • Currency conversion rate. Transactions made in foreign currencies will attract a fee of 3%.
  • Additional cardholder. Request 1 additional cardholder at no extra cost.

How to apply for the NAB Premium Card

Applying for the NAB Premium Card is easy and an online application takes around 15 minutes to complete. To get started, click on "Go to site" to complete and submit the secure online application form. Alternatively, you can also initiate the application process by visiting an NAB branch or over the phone. Before you apply, please make sure you've met the eligibility requirements and organised the necessary documents beforehand:

Eligibility criteria

  • How old are you? You must be at least 18 years old to apply for a credit card in Australia.
  • What is your Australian residency status? You can apply for this card if you are a citizen or permanent resident of Australia.

Required documents

  • Personal information. This includes your full name, contact details and date of birth. You'll also need to provide your driver's licence number or another valid form of ID such as your passport or Medicare card number.
  • Employment details. Provide details of your current role, salary and your employer's name and contact details. You may also be asked to provide recent payslips, or your accountant's details.
  • Financial details. This includes any other sources of income or assets, as well as your regular household expenses. You also need to share information on any existing loans and credit cards.
  • Balance transfer details. If you want to request a balance transfer, you'll need to provide details of your current credit card account/s, including the financial institution/s and the amount of debt you'd like to transfer. Note that balance transfer requests and amounts are subject to approval.

If you're looking to repay your debt or make purchases without incurring interest, this card could be of interest to you. As this isn't the only card of its kind on the market, you'll need to compare a few cards to ensure you've found the right one for you.

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168 Responses

  1. 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?

    • Staff
      JhezelynSeptember 2, 2017Staff

      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.

      Regards,
      Jhezelyn

  2. Default Gravatar
    IanJuly 11, 2017

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

    • Staff
      ArnoldJuly 12, 2017Staff

      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.

      Cheers,
      Arnold

  3. Default Gravatar
    RaquibaJune 1, 2017

    How long the interest free period is for balance transfer? Can I speak with someone from your side to discuss my concerns? If yes please provide phone number and name.

    • Staff
      JonathanJune 1, 2017Staff

      Hi Raquiba!

      Thanks for the comment.

      The 0% balance transfer promo is for 20 months. If you want further information and needs assistance on contacting the bank, you can click “Go To Site” green button to proceed.

      Hope this helps.

      Cheers,
      Jonathan

  4. Default Gravatar
    NeilMay 23, 2017

    Can a Flexiloan of 25k be balanced transferred over to this product?

    Thank you in advance.

    • Staff
      HaroldMay 23, 2017Staff

      Hi Neil,

      Thank you for your inquiry.

      If you wish to balance transfer your personal loan to a credit card you may want to consider the available option/s here.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    GregMarch 30, 2017

    If you have $1000 on one card and $3000 on another, can you consolidate them into one card, when doing a balance transfer?

    • Staff
      AnndyMarch 30, 2017Staff

      Hi Greg,

      Thanks for your question.

      Yes, it is possible to consolidate your debts from multiple cards into one balance transfer account. You can compare your options here.

      You may visit this page if you want to know where you can balance transfer to.

      Cheers,
      Anndy

  6. Default Gravatar
    daniJuly 11, 2016

    What is the maximum credit limit for NAB premium Visa?

    • Staff
      AnndyJuly 14, 2016Staff

      Hi Dani,

      Thanks for your question.

      The maximum credit limit for NAB Premium Visa Card is not specifically stated on NAB website. However, when you apply for this card, you will be given the option to apply for the maximum credit limit available to you depending on your financial situation.

      Cheers,
      Anndy

  7. Default Gravatar
    PatriciaMay 9, 2016

    Can I use this card to purchase a used car from a private seller.

    • Staff
      AnndyMay 9, 2016Staff

      Hi Patricia,

      Thanks for your question.

      Yes, you may use NAB Premium Visa Card to buy a used car if your credit limit can cover the amount and if the seller accepts credit card payment. However, there are several factors to consider when using a credit card to buy a car, as discussed on this page.

      Cheers,
      Anndy

  8. Default Gravatar
    RaffApril 25, 2016

    Hi,

    Can I pay off more than the minimum monthly repayments each month?

    • Staff
      AllyApril 26, 2016Staff

      Hi Raff,

      Thanks for your inquiry.

      Kindly note that finder.com.au is an online comparison service that does not represent any credit card issuer such as NAB.

      However, their terms and conditions state that you may pay more than the minimum required amount, if you wish.

      I have forwarded the link to your email for your reference.

      I hope this has helped.

      Cheers,
      Ally

  9. Default Gravatar
    ejayApril 16, 2016

    How can I transfer my money into another account?

    • Staff
      MayApril 21, 2016Staff

      Hi Ejay,

      Thanks for your inquiry.

      Through your Internet Banking profile, you’ll be able to send funds from your NAB Credit Card account to any other account. I have sent to your email the link where you can find the complete process of how you can transfer money to another account.

      Hope this helps.

      Cheers,
      May

  10. Default Gravatar
    ejayApril 15, 2016

    Have I been approved?

    • Staff
      AnndyApril 15, 2016Staff

      Hi Ejay,

      Thanks for your question.

      Please note that finder.com.au is a financial comparison and information service and is not actually NAB.

      If you applied for NAB Premium Visa Card online, you should be able to get a response in 60 seconds after successfully submitting your application. If not, you may inquire about the status of your application by contacting NAB on 13 22 65.

      Hope this answers your question.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated September 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

Compare up to 4 providers

* 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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