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

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The NAB Premium 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 interest rate and insurance opportunity. With an offer of 0% p.a. for the first 20 months on balance transfers, 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 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.

NAB Premium 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 balance transfer offer of 0% p.a. for 20 months, allowing you to repay your debt and save money. 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 Card with Balance Transfer Offer

    • Balance transfer offer. Receive a promotional interest rate of 0% p.a. for 20 months on balance transfers. 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 2% balance transfer fee applies. Once the promotional period ends, the 0% balance transfer rate reverts to the cash advance rate, currently 21.74% p.a.
  • Seven complimentary insurances. The NAB Premium Card comes with seven complimentary insurances, including 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 Card with Balance Transfer Offer

  • Cash advance rate. The cash advance rate is 21.74% p.a.
  • Purchase rate. This card has an ongoing purchase rate of 19.74% p.a.
  • Annual fee. This card attracts an annual fee of $90.
  • Interest-free days. Receive up to 44 days interest-free on purchases when you have no outstanding balance from the previous statement period.
  • Free additional cardholder. Add an additional cardholder to the account for $0.

How to apply for the NAB Premium 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 criteria

  • 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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2 Responses

  1. Default Gravatar
    TraceyNovember 12, 2017

    Hello,
    Is this offer open to exisiting card holders or new ones?
    Thank you

    • Staff
      JoanneNovember 13, 2017Staff

      Hi Tracey,

      Thanks for reaching out.

      NAB only accepts balance transfers from non-NAB credit card or store card accounts that are issued in Australia. These accounts do not include debit cards and must not be in default, that means they cannot be overdue or over limit. Read more about the features of the NAB balance transfer card on this page.

      Cheers,
      Joanne

Credit Cards Comparison

Rates last updated November 25th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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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