NAB Premium Visa Card with Balance Transfer Offer – Details & Apply

Information verified correct on December 3rd, 2016
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The NAB Premium Visa Card with a balance transfer offer presents a great way for paying off an existing credit card debt, with platinum cardholder benefits.

The NAB Platinum Card offers a competitive balance transfer, purchase rate, and insurance opportunity. With an offer of 0% p.a. for the first 15 months on balance transfers and purchases if applied by 22 January 2017, this could help you save money and alleviate your debt. With a minimum credit limit of $6,000, the NAB Premium Card attracts an annual fee of $90 and offers up to 44 interest-free days on purchases if you pay your balance in full each billing cycle. You can add an additional cardholder for no extra cost and simplify your in-store shopping experience with contactless payWave technology.

Product NameNAB Premium 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$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
Minimum Monthly Repayment2% or $25, whichever is greater
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 InsuranceYes
Complimentary Travel Insurance Cover6 months
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.
Minimum Repayment2% or $25, whichever is greater
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.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • 0% p.a. on purchases and balance transfers for the first 15 months
  • This card gives you a complimentary membership to the VIP Lost Card Cover Program.

Cons

  • There is an interest-free period of only 44 days compared to other cards that offer 55 days interest-free.
  • There is a high annual fee of $90.
  • There is no rewards program and this means that you are paying excessive fees without receiving any rewards.

NAB Premium Visa Card with Balance Transfer Offer review

The NAB Premium Card offers ideal value for the everyday consumer with interest-free days on purchases. This premium credit card also comes with a purchase rate and balance transfer offer of 0% p.a. for 15 months, allowing you to repay your debt and save money. Offer ends on 22 January 2017. You also receive platinum cardholder benefits, with seven complimentary insurances, 24/7 access to the NAB service centre for peace of mind and complimentary VIP Lost Card Cover for the first 12 months. Online purchases are made easy with Verified by Visa purchase protection, adding an extra layer of security for online purchases with participating retailers.

Benefits of the NAB Premium Visa Card with Balance Transfer Offer

  • Balance transfer offer. Receive a promotional interest rate offer of 0% p.a. for 15 months on balance transfers if you apply and get approved by 22 January 2017. This allows you to repay an outstanding debt from another credit card that you own interest-free for the entire promotional period and save money.
    Do take note that a one off 3% balance transfer fee and the promotional balance transfer rate reverts to purchase rate of 19.74% p.a. after the 15-month period.
  • Purchase rate offer. This card comes with an introductory interest rate of 0% for 15 months on purchases if applied by 22 January 2017.
  • Seven complimentary insurances. The NAB Premium Card comes with seven complimentary insurances. Receive Overseas Travel Insurance, Interstate Flight Inconvenience Insurance, Transport Accident Insurance, Domestic Hotel Burglary Insurance, Purchase Protection Insurance, Extended Warranty Insurance and Price Protection Insurance. When you use this card to make travel reservations in excess of $500, you get overseas travel insurance. This offers cover of up to $20,000 towards medical expenses, travel cancellation, missed connections, collision damage, personal liability, accidental disability or death and other scenarios.
  • Platinum cardholder benefits. Platinum service is available within a phone call with 24/7 access to NAB Platinum Concierge Service, providing travel services and lifestyle services to help you with tasks such as planning and booking travel, booking tickets for sporting events, shows and concerts and reservations at hotels, health clubs and golf clubs. VIP Lost Card Cover is complimentary for the first 12 months, providing a Secure Sentinel system which will keep a confidential list of any cards you'd want to cancel if you lost them. Secure Sentinel is available 24/7 and will contact the issuer(s) to cancel the cards and help you order replacements.
  • Visa Card benefits. With Visa Front Line Access you can reserve pre-sale tickets for some of the biggest sporting events and concerts. If you need emergency assistance when travelling, you can contact Visa Global Customer Assistance Services. Verified by Visa ensures that you have a safe online shopping experience. Visa payWave allows you to just wave and go for transactions under $100.

Features of the NAB Premium Visa Card with Balance Transfer Offer

  • Cash advance rate. The cash advance rate is 21.74% p.a.
  • Purchase rate. This card has an introductory purchase rate offer of 0% for 15 months, which can be availed by applying for the card on or before 22 January 2017. The rate reverts back to the standard 19.74% p.a. thereafter.
  • Annual fee. This card attracts an annual fee of $90.
  • Interest-free days. Receive up to 44 days interest-free when you have no outstanding balance from the previous statement period.
  • Seven complimentary insurances. Receive access to seven complimentary insurances for convenience and peace of mind. Receive Overseas Travel Insurance, Interstate Flight Inconvenience Insurance, Transport Accident Insurance, Domestic Hotel Burglary Insurance, Purchase Protection Insurance, Extended Warranty Insurance and Price Protection Insurance.
  • Platinum cardholder benefits. 24/7 Platinum Concierge Service for travel services and lifestyle services and VIP Lost Card Cover to protect all your card services.
  • Free additional cardholder. Add an additional cardholder to the account for $0.

How to apply for the NAB Premium Visa Card with Balance Transfer Offer

Applying for the NAB Premium Card is easy and an online application takes around 10 minutes to complete. To apply, you have to meet the following eligibility criteria:

Eligibility

  • You're at least 18 years old
  • You're a permanent resident of Australia

Required documents

In addition, you have to provide certain information that enables NAB to verify your identity as well as your ability to make repayments. To get through the application process, keep the following information handy:

  • Personal information like your name, contact details and date of birth
  • Driver's licence number, passport number or Medicare card number
  • Name of employer and contact details
  • Details about your annual income
  • Details about your monthly expenditure
  • Details about other loans and credit cards

If you have to transfer an existing credit card balance and want to take advantage of the special balance transfer rate, applying for this card could be a good idea. However, make sure you compare a few cards before choosing the right one for you.

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Credit Cards Comparison

Rates last updated December 3rd, 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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