NAB Low Rate Card

Special offers

0% p.a. on Balance Transfers for 20 months1 on a new NAB Low Rate Card

Other features

Card Type Visa
Minimum Income N/A
Minimum Credit Limit $1,000
Maximum Credit Limit Upon application
Minimum Monthly Repayment 2% or $2.50, whichever is greater
Complimentary Travel Insurance No
Extended Warranty Yes
Available to Temporary Residents No
Additional Card Holders Yes
Foreign Exchange Fees Yes
Interest Rate 12.99% p.a.
Interest Free Days on Purchases Up to 55 days
Cash Advance Rate 21.74% p.a.
Balance Transfer Rate 0% p.a. for
20 months

reverts to 21.74% p.a.
2% balance transfer fee applies

Balance Transfer Fee 2%
Annual Fee $59 p.a.
Late Payment Fee $15
General Terms & Conditions

Important information

1 Balance Transfer Special Offer

Offer commenced 17 August 2020. For approved applicants who apply for a new NAB Low Rate Card before the offer is withdrawn. The balance transfer interest rate will apply for a 20 month statement period from account opening. After 20 months, any unpaid balance transfers will attract the standard cash advance rate (currently 21.74% p.a. as at 17 August 2020). Interest rates are subject to change and available at Special promotion balance transfer must be applied for at the point of full card application. The one off balance transfer fee of 2% is calculated on the amount transferred and is charged to your NAB credit card account when your balance transfer is processed. While you have an outstanding balance transfer, interest free days on purchases only applies if you pay the ‘interest free days payment’ listed on your statement in full by the due date each month. Minimum monthly repayments must be made by the due date each month. Offer may end or vary.  Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other offer

2 Interest free days on purchases

If you pay your account in full, or if your statement displays an ‘interest free days payment’, that amount in full, by the due date each month.

Fees and charges 

Please refer to our credit card terms and conditions to learn more.  Fees and charges are payable. Approval and credit limit is subject to NAB’s credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at 17 August 2020.

Credit cards issued by National Australia Bank Limited. ©2020 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.