NAB Credit Cards

NAB, The National Bank of Australia, is one of the largest providers of credit cards and financial services in Australia.

Discover what NAB have to offer across their range of credit cards. Once you’ve found the card that’s right for you, click Go to site and take advantage of a credit card from one of Australia’s ‘Big Four’ banks.

NAB Premium Card

NAB Credit Card Offer

Apply for the NAB Premium Credit Card and enjoy a long term balance transfer offer.

  • $90 p.a. annual fee
  • 19.74% p.a. on purchases
  • 0% p.a. for 15 months on balance transfers
  • Cash Advance Rate of 21.74% p.a.
  • Up to 44 days interest free

Rates last updated November 25th, 2014

Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
NAB Premium Card
NAB Premium Card
Enjoy a low interest rate on balance transfers. Benefit from platinum credit card advantages. Apply by 18 January 2015. 19.74% p.a. 0% p.a. for 15 months $90 p.a. 21.74% p.a. Go to site More info
NAB Qantas Rewards Card
NAB Qantas Rewards Card
Receive 20,000 bonus Qantas Points. Plus earn 1.000 Qantas Point per $1 spent on eligible purchases. 19.99% p.a. 4.99% p.a. for 6 months $65 p.a. 21.74% p.a. Go to site More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card
A credit card with a low interest rate offer on purchases. 0% p.a. for 15 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
NAB Velocity Rewards Card
NAB Velocity Rewards Card
Receive 10,000 bonus Velocity Points. Plus a low annual fee. 19.99% p.a. 4.99% p.a. for 6 months $65 p.a. 21.74% p.a. Go to site More info
NAB Velocity Rewards Premium Card
NAB Velocity Rewards Premium Card
Receive 20,000 bonus Velocity Points with a low interest rate offer. 19.99% p.a. 4.99% p.a. for 6 months $150 p.a. 21.74% p.a. Go to site More info
NAB Qantas Rewards Premium Card
NAB Qantas Rewards Premium Card
Receive 40,000 bonus Qantas Points. 19.99% p.a. 4.99% p.a. for 6 months $250 p.a. 21.74% p.a. Go to site More info
NAB flybuys Rewards Card
NAB flybuys Rewards Card
Earn up to 10,000 flybuys bonus points. Also 1.000 point for every $1 you spend on your everyday purchases. 19.99% p.a. 4.99% p.a. for 6 months $65 p.a. 21.74% p.a. Go to site More info
NAB Low Fee Card
NAB Low Fee Card
$0 annual fee card offer with complimentary Purchase Protection Insurance 19.74% p.a. 4.99% p.a. for 6 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) 21.74% p.a. Go to site More info

The National Australian Bank Group first opened its doors way back in 1858. Since then, the organisation has grown to become one of the biggest providers of financial services in Australia. Their main focus of business is in Australia, New Zealand and the UK, with branches throughout all three regions. Their main retail brand in Australia is the National Australia Bank, commonly referred to as NAB.

You can choose from various NAB credit cards, including the NAB Low Rate Credit Card, NAB Low Fee Card, NAB Premium Card, Velocity NAB Credit Card, Velocity Rewards NAB Premium Card, NAB Qantas Gold Card, and the NAB Qantas Rewards Premium Card. These cards offer something for people looking for a basic credit card solution right through to people who want the bells and whistles that come with high end cards including reward programs and frequent flyer schemes.

Many NAB cards come with benefits that are usually reserved for premium credit cards. There low fee card comes with value adding benefits like purchase protection insurance, which makes this card a leader in the low-fee space. The Velocity NAB Card also combines a range of benefits with the chance to earn reward points at a faster rate. Points can then be redeemed for air miles with Virgin Australia and other international airlines, and for non-travel related rewards. All

NAB overview

NAB is a well recognised financial banking institution in Australia, and it also operates other banks and branches worldwide. Discover everything you need to know about this bank in this article.

In terms of assets, the National Australia Bank, which is commonly known as NAB, is Australia’s largest business bank and Australia’s fourth largest retail bank. At a global level, it is ranked 28Th for the largest banks in the world. As an organisation that is recognised internationally, NAB offers various financial products and services to their customers.

NAB sectors

  • Australia – Here in Australia they connect literally millions of customers in retail transactions, personal and business banking, and wealth management. They go by the names NAB and MLC.
  • United Kingdom – In the UK, Clydesdale and Yorkshire Banks provide retail services as well as corporate banking and business banking for their customers.
  • New Zealand – The Bank of New Zealand offers wealth management and retail services. They also provide agribusiness and traditional business services and products.
  • Americas – In the Americas Great Western Bank has both personal and business customers. They are able to fill their banking, wealth management, and insurance needs.

NAB is led by a group executive committee and presided over by a board of directors. They have a corporate centre made up of service teams in finance, legal, treasury, group risk management, group strategic investments, people and culture, investor relations, corporate affairs, corporate secretariat, and the Chief Executive Officer’s office. The goal of the company is to provide value to everyone involved in their business including shareholders, customers, employees, and the communities they serve.

NAB is the proud sponsor of many of the national sporting events including Auskick, the Australian Football League, the Socceroos, as well as both levels of Australian football it also participates actively in the community by offering support to volunteer groups across the country.

NAB history

The company roots of NAB come from the union of the National Bank Ltd. and the Commercial Banking Company of Sydney.

Two representative offices were established in 1982. One was in Chicago and the other in Beijing. Two more of these offices were created the next year, with one in Dallas and one in Seoul Korea. In 1984, three offices were added in Kuala Lumpur, Athens and San Francisco. At this time, new branches also sprung up in Houston, Atlanta, New Delhi, Bangkok, Frankfurt, Taipei and Shanghai.

This expansion was great but it was not enough for NAB and in 1987, NAB purchased Northern Bank and Clydesdale Bank in Ireland from Midland bank. This bank was renamed the National Irish Bank. In order to become more influential in the banking industry, NAB went on to purchase MLC Limited, Yorkshire Bank, Bank of New Zealand,and Michigan National Bank.

NAB services

NAB services both business and personal clients. Just some of their many services include loans, credit cards, insurance, financial and investment planning, and savings accounts.

Savings accounts at NAB include four different types so that individual banking needs can be met by any Australian. These savings accounts include Student banking, Savings for a goal, Everyday banking and the Investment form of saving.

National Australia Bank also offers financial planning for long-term stability and has financial advisers that can lay out all the options available to meet this goal. Investment in money matters can often be quite difficult to understand, and NAB understands this and provides this service to help their customers get financially secure.

NAB also offers insurance for business, life, travel, and auto. This insurance can be paid on a monthly payment plan that is worked out between the customer and the bank. There are also many different types of tools available from NAB including home loans, car loans and personal loans. As long as you meet all of the loan requirements, NAB is willing to work with you from start to finish to make sure that you get the loan you really need.

NAB has continually kept up with the latest advances in banking technology and offers internet banking to their customers. As part of their extended services, online banking allows customers to avoid branch banking and provides the convenience of doing most common banking transactions from the comfort of their own home. Accounts can be accessed safely and securely.

National Australia Bank also offers several different credit cards through MasterCard and Visa. These include:

All of these credit cards offer great deals for the budget-minded Australian that wants an affordable card that is loaded with value.


Credit card features offered by NAB

NAB provides smart card technologies with payWave, balance transfer promotions and cards that reward customer spending.

  • NAB provides an easy yet sophisticated online interface for potential customers to apply for its card. The application process is completed in just a few minutes if all the required information in provided.
  • NAB offer access to payWave smart card technology. The feature lets customers enjoy the convenience of making payments in store at secure checkout terminals without swiping and providing signatures for transactions under $100. The contactless checkout devices remotely verifies card details and payment is instantly made. For payment of transactions over $100, or at stores not utilizing the contact-less smart cards, a signature and the pin code will be required.
  • NAB offers attractive balance transfer promotions on many of its cards. If you are seeking to save on interest payments and want to pay off your credit card balances faster, or you want to afford larger purchases, you can use an NAB balance transfer card to make it possible. NAB offers attractively low interest rates available on many of its credit cards for a period of 6 to 12 months.
  • As an NAB cardholder you will earn points when you make an eligible purchase on your card. These points can be redeemed for a variety of services and products. The Velocity NAB Credit Card allows you to redeem your points in the Velocity Rewards program. This gives you access to the goods and services of Velocity NAB partners. Likewise, the NAB Qantas cards grant you membership to the Qantas Frequent Flyer program where you can accumulate points to put towards Qantas Frequent Flyer travel benefits.

Facts on NAB balance transfer cards

The benefit of transferring your balance is you can move the balance from an account with a higher interest rate to a credit card that will temporarily charge you 0% or a low interest rate for a specified period of time. This gives you time off making excessive interest repayments and subsequently allows you to pay the balance off faster – ideally before the balance transfer promotion finishes.

If you are already a NAB cardholder you will be allowed to transfer the balance of up to two providers’ cards as long as each balance is at least $200. You will not be required to open a new account and you will enjoy a competitive interest rate on the transferred amounts.

NAB will not charge you a fee to set up the balance transfer account. However, you will be charged a low introductory interest rate on the balance on the balance transferred account. You will then be charged at the purchase rate after the introductory period is over.

NAB credit card security

For your added security, an eight digit NAB identification number (NIN) will be assigned to you and it will be engraved on the back of your credit card. This number is used to increase card security and enable your transactions. This number is registered with NAB customer service representatives together with your card after you receive it.

To authorise your NAB credit card over the telephone or over the internet, you will need to use your NIN security number. At stores with the payWave technology, at ATMs and retail outlets you will use you PIN code. Unauthorised transactions on your credit card account should be immediately reported to NAB customer service.

Credit limit and transferring money

Increasing your credit limit on your NAB account can be done by requesting a credit limit increase, either online or over the telephone, and also the bank may send offers to increase your limit aif you have agreed to receive these notifications.

An increased limit will be granted after you demonstrate a good credit rating and good financial history and situation with the bank. In addition, NAB before making a final decision to increase your credit limit will attempt to determine that you are fully aware of the responsibilities you must shoulder with an increased credit limit on your card. NAB would suggest that you not accept an increase credit limit if you believe that you may have problems paying the card’s balance. A customer who is granted an unwanted increased credit by NAB is free to decline the increase.

Certain customers will not be offered credit limit increases. These include customers who have had recent credit increases, those who have bad credit ratings – shown by late payments or who have overused cash advances, and customers in financial hardship situations e.g. recently lost their jobs or experiencing illnesses.

In certain situations NAB will reduce your credit limit in an attempt to facilitate better management of your debts. This is a part of NAB’s lending policy that attempts to support proper debt management. A debt management specialist is always available for consultation should you need to contact one at the bank.

NAB allows easy transfers of money between your NAB bank account and your NAB credit account. These transactions will be possible online and through the telephone after your NIN and card have been set up with customer service.

Facts On NAB rewards programs

After receiving your Velocity NAB credit card, you will be given a free membership to the Velocity rewards program. This will allow you to earn and accumulate points as you use your card to make daily purchases. Even more points can be earned when you use your card to purchase from the partner companies of the rewards programs.
If you need a Qantas Frequent Flyer account, you can obtain one from NAB which from time to time provides certain cards with free Qantas Frequent Flyer memberships.

Velocity points can be redeemed for a wide range of products including accommodations at resorts, apartments worldwide, leisure events, car rentals, international and domestic flights, entertainment and retails products to name just a few.


Application For NAB Credit Card

Applying for a NAB credit card is fast and easy. The online application requires information such as your contact email address, your income and regular expenses, identification information such as driver’s license or passport and employer’s contact details, information on properties owned by you and debts you owe and contact information for your accountant if you own you own business.

Once the completed application is submitted it takes just about 60 seconds to receive a response and if successful an NAB credit card will be received by you in 5 to 10 business days.

Your money will be protected when you invest it at NAB, and you are assured of receiving the best customer service possible. NAB is a well-respected part of the Australian culture and wants to offer its customers the best financial services in order to establish a long-term relationship.

How to apply for a NAB credit card

Once you’ve read the card review page, compared your options and found the card that’s best suited to your needs and circumstances, you may apply for that card by clicking the ‘Go to site’ button found on each individual card’s review page, and in the NAB credit card comparison table. From here, you will be taken to a secure NAB credit card landing page, here you can find the terms and conditions. The landing page will direct you through the application. Application takes 10 to 20 minutes. You will need information about your finances, assets and liabilities in order to complete the application and you will have a response within minutes of completing the form.

Getting to know your NAB credit card

This section of the guide will deal with questions that relate to generic usage of NAB credit cards. Use this to get acquainted with your new NAB credit card.

NAB Identification Number

The NAB Identification Number (NIN) is a unique identifier that is issued to all NAB customers. You can find your NIN at the back of your card, near the top, it is an 8 digit number. If you would like to confirm or reset your NIN you may call customer service on 13 22 65.

The Security Number

Every card comes with a 3 digit security number that is used for certain transactions to verify the ownership of the card. You can find your security number at the back of your card, right beside the signature field.

Transferring funds to and from NAB accounts

You can transfer funds between your NAB accounts (say from your NAB savings account to your credit card account) either with internet banking or telephone banking. As soon as you receive your NIN (NAB Identification Number) register for telephone and Internet banking by calling 13 22 65. Your NIN will give you access to the convenient online banking platform, where you can transfer funds and pay your bills with ease from your NAB accounts.

Calculation of interest

Interest on your credit card items is calculated multiplying the daily percentage rate (the annual percentage rate that is applicable divided by 365) with your aggregate balance outstanding. The aggregate balance is the sum of all transactions like purchases, cash advances etc. that you’ve made in the last statement period. It may also include special balances (e.g. any balance transfers) and will be indicated on your credit card statement. Each type of balance has a specific interest rate that is applicable to it, purchases are charged at one particular rate while cash advances are charged a different rate. After multiplying the daily percentage rate for purchases with the aggregate purchases amount, the product is summed for the number of days interest is accruing. This process is repeated for each type of balance outstanding, and the total figure is the interest amount charge in that statement period.

As an illustration, assume you have the following balance shown on your last statement: Aggregate balance $1000 (purchases $500, cash advance $500), and say the interest has been accruing for 10 days. Also assume the current interest rate for your card is 12% on purchases and 20% on cash advances (these are annual percentage rates). The daily interest in calculated thus:

Purchases – $500 x (12%/365) = $ 0.164
Cash Advances – $500 x (20%/365) = $ 0.274

The total daily interest is $ 0.438, and since it has been outstanding for 10 days, the total interest accrued is $4.38

Please not this calculation is for illustration purposes only and the rates quoted above are not the actual interest rate that will be applicable in your case.

When is interest charged?

If your card has interest free days, then interest on purchases is charged from the day after that period to the statement date. If it doesn’t then interest starts accruing from the day of purchase. This is also the case with cards featuring interest free days if you do not pay the full balance on each statement within the due date. Therefore to take advantage of the number of interest free days you should always pay your credit card bills in full every time.

Interest on cash advances are always charged from the day of transaction. Interest on special balances (like balance transfers) are charged according to the terms and conditions of that special promotion.

What is interest on interest

If you had only paid the minimum balance due (for example) and not the full balance in your last statement, then your credit card balance starts accruing interest. Your next statement balance would include the previous unpaid balance and the interest amount. If you pay the minimum balance again, then interest is charged on your previous unpaid balance as well as your interest payment that was due. The latter is dubbed ‘interest on interest’ and is the primary reason why credit card balances can grow so fast if left unpaid. You should always try to pay more than the minimum balance due each statement period, preferably the full amount.

Ways to reduce interest charges

You may further reduce or altogether eliminate your interest charges by following these suggestions:

  • Pick a credit card with interest free days – Use the interest free period feature of many NAB credit cards to not pay interest on your purchases.
  • Always repay the full amount due on your credit card bill – You must remember to pay off your full credit card statement bill each month, otherwise the interest free days period is void and you are charged interest from the day of purchase (back dated interest). Paying off your full bill also ensures you do not gather any interest on interest.
  • Don’t make cash advance transactions with your credit card – Cash advances and similar cash equivalent transactions always accrue interest from day one, and is charged the highest rate of interest. Avoid cash advance transactions on your credit card (use a debit card instead for these transactions) and you save on significant amounts of interest.

Fees and charges

The annual fee is the most common type of fee on a NAB credit card. These and other fees do not get included on monthly credit card statements and never accrue interest. However you should be aware of all the fees and charges applicable to your card. You can find the details:

  • Online
  • In person – visit the local NAB branch and request a copy of the brochure
  • Over the phone – call 13 22 65 and ask for a brochure to be mailed out to your address

NAB Visa payWave

The NAB Low Rate Credit Card currently features a new contactless payment method called the NAB Visa payWave. With vendors and stores displaying the contactless indicator on their checkout machines you can use your NAB card to purchase items below $100 without swiping. You simply hold the card in front of the checkout machine and it reads the payment information directly, you don’t need to sign or enter a PIN. For larger purchases you do need to swipe the card and sign (or input PIN). This ‘traditional’ way of payment can of course be used on all merchants accepting Visa card payments, and who do not yet have a contactless reader machine.


Using your NAB Credit Card

This section of the guide will deal with questions related to the day-to-day use of NAB credit cards, so that you can get the most out of your NAB credit card.

How much to repay

Your monthly credit card statement will show a minimum repayment amount, which is calculated as 2.5% of the aggregate balance (purchases, cash advances etc.) or $10, whichever is higher. If you fail to make this minimum payment by the due date you will incur a late payment fee, and start accruing interest on your full balance. This will also become a part of your permanent credit record, and will negatively affect your credit rating with the banks.

It is recommended to pay more than the minimum payment amount to reduce your interest charges. If you want to completely eliminate or minimise interest you should target paying the full balance due every month within the payment due date indicated in the statement. Some cardholders prefer to setup an auto debit feature in their internet banking system, which automatically pays the minimum amount (or the full amount) of each statement balance directly from their NAB savings account.

How to setup NAB internet banking

In order to set up internet banking, you will need two things on hand. One is your NAB identification number, found at the back of a NAB credit card, and a NAB internet banking password – this is either a temporary password that was issued at a branch or your NAB telephone banking password. If you can’t recall what your temporary password is, call NAB on 13 22 65. Once you have these details, head to the NAB internet banking portal and click on the register button. Enter your details and create an internet banking password. From here you can activate a range of services that allow you to pay different accounts with ease.

Purchase authorisation

This is a hold on your banking account for a sum that you’ve used in a credit card transaction. Every time you buy something using your card the merchant records your credit card information for claiming later payment from NAB. Meanwhile NAB places a hold on your credit card account, so your available credit amount decreases. The purchase authorisation hold stays in place for 7 days. If the merchant hasn’t made their claim you won’t see the transaction show up in your internet banking system, but will see that your available credit is lower than what the displayed transactions would seem to indicate. After seven days the hold is released, but you should note that the merchant still has six months to make the payment claim.

If the merchant does make the claim within that hold period you will see the transaction displayed in your account, which will be debited for the payment amount.

Lost or stolen cards

If you have lost your card or it is stolen, notify the bank immediately at this number: 1800 033 103. If you’re overseas call +61 3 8641 9083 instead.

Unauthorised card transaction

You should report any unknown or unauthorised transaction on your credit card to NAB on this number: 13 22 65.

Change credit limit / additional cardholders

Can be done in two ways:

  • Internet Banking customers can login to the system, select the “Go to site” and choose the “Credit Card Credit Limit” option
  • Other customers who do not have access to Internet banking can fill out the form available in the ‘Manage your Credit Card‘ page of the NAB website and post it or drop it off in person at the local bank branch. This form can also be used to add or remove an additional cardholder in your credit card account.

Replacement card

You can order your current card to be replaced by a new one by calling customer service on 13 22 65 or visiting the closest NAB branch.

Card about to expire

NAB will automatically send you a replacement card one month before your current card expires. In some cases the card might not be delivered to your home but rather to your nearest bank branch. You will be notified by mail when this happens. Get your PIN and visit the NAB branch mentioned in the letter to pick up your new card.

If your card has expired and you haven’t received a replacement card in your mail or in your local NAB branch, call customer service on 13 22 65 and advise them of the situation. Alternatively you can send a secure message to NAB through your internet banking messaging system.

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55 Responses to NAB Credit Cards

  1. Default Gravatar
    MR | October 17, 2014

    Hi i just received a nab credit card with one year interest free option.What i want to know is that if i use the internet banking to transfer let’s say 2000$ to my friends australian local bank, how much will i be charged in interest in each month and how much would i need to pay back to nab each month.Remember i want to transfer 2000$. I am confused on calculating the risk involved.Please let me know.
    Thanks.

    • Staff
      Elizabeth | October 17, 2014

      Hi Mr F Joy Varghese,

      Thanks for your question.

      If you’re referring to the 12 months interest free offer on purchases, then the above scenario wouldn’t apply to the promotion as it isn’t considered a purchase. NAB considers a transfer from your credit card account to another account a cash advance and so you will be charged the cash advance rate of your credit card. So while you are paying off the $2,000 you transferred, you will be charged the cash advance rate on that amount.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    janice | August 27, 2014

    I have had a credit card for years..an I get frequent flyer points with it and if so are they qantas or virgin

    • Staff
      Elizabeth | August 28, 2014

      Hi Janice,

      Thanks for your question.

      This depends on the credit card you have as NAB offers cards that allow you to earn both Qantas and Virgin points. You can check the credit card you have and see whether the card earns Qantas or Velocity points, or you can get in contact with NAB directly and discuss your account.

      Hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    Vivienne | July 25, 2014

    Can I pay money into my National Visa Card using my American Express Credit card?

    • Staff
      Shirley | July 28, 2014

      Hi Vivienne,

      Thanks for your question.

      Yes you can, but this will be considered as a cash advance.

      If you’re referring to a balance transfer, you’ll need to check if there is a BT offer available from your new American Express card.

      Cheers,
      Shirley

  4. Default Gravatar
    Marian | June 27, 2014

    Hi I work part time and am just finishing a course. My annual income is $25,000 and my monthly expenses around $700. I have been approved for a credit card but the limit is not stated. Can you give me some idea what it would be? If it is only $500 it would not be of any use.

    • Staff
      Shirley | June 30, 2014

      Hi Marian,

      Thanks for your question.

      Unfortunately we don’t have access to any applications – you can contact the customer service team at NAB and enquire about this. They will be able to provide you with a better answer.

      Cheers,
      Shirley

  5. Default Gravatar
    John | May 12, 2014

    What is the number of my frequent flyer card

    • Staff
      Shirley | May 14, 2014

      Hi John,

      Thanks for your question.

      Please contact the NAB customer service team for this.

      Cheers,
      Shirley

  6. Default Gravatar
    Susan | April 19, 2014

    If I was accepted by you card would you go ahead and email me my card number expiration date and the security code in an email before the card game in the mail so I could go ahead and use it for my online errands? There are dome things I already need to do.

    Susan

    • Staff
      Shirley | April 22, 2014

      Hi Susan,

      Thanks for your question.

      Unfortunately we cannot help you with this as creditcardfinder.com.au is a comparison service and we don’t handle the products and applications ourselves.
      Please contact NAB directly about this enquiry.

      Cheers,
      Shirley

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    Natalie | March 2, 2014

    Every time a person that is on the pension, you don’t even get looked at. All I want to get a credit card with $2,000.

    • Staff
      Jacob | March 3, 2014

      Hi, Natalie.

      Thanks for getting in touch with us.

      Pensioners are able to apply for a credit card, the important thing is that you meet the application requirements. You can find these requirements listed in the table at the bottom of each card’s review and application page.

      Although some of these offers are online only, or exclusive to our comparison site, you can apply for a card in person too. It may be worth having a discussion with the lender face to face.

      I hope this helps.

    • Staff
      Jacob | March 3, 2014

      Hi, Natalie.

      Thanks for your question.

      If you’re on a pension, you can still apply for the card as long as you meet the eligibility requirements set out on the review and application pages. If you’ve been previously rejected for a credit card in recent months, it may be a good idea to wait for a couple of months before applying again. Too many credit card applications in a short space of time can have a negative impact on your chances of getting credit in the future.

      I hope this helps.

  8. Default Gravatar
    Daniel | February 2, 2014

    What is the minimum after-tax income requirement for a NAB low rate/low fee credit card? It doesn’t specify

    • Staff
      Shirley | February 3, 2014

      Hi Daniel,

      Thanks for your comment.

      NAB assesses each application on a case by case basis. To apply for a NAB credit card you need to be at least 18 years old and have a good credit rating – if you’re earning a regular income or salary, then NAB will allocate a credit limit based on your income.

      If you’re not earning a regular income or salary, NAB recommends that you contact them directly.

      Cheers,
      Shirley

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    Ray | January 6, 2014

    What are the credit cards that give free travel insurance?

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    jOHN | November 27, 2013

    Hi…

    An online calculator with major bank says I have “available monthly income” of $766 and I have significant assets and no debt.

    What is maximum credit limit I could expect to achieve ?

    • Staff
      Jacob | November 27, 2013

      Hi John.

      Thanks for your question.

      We’re unable to comment on what credit limit you will be assigned if you apply for a card as the bank and lenders all have internal systems that are unknown to the public. A general comment is that you need an income of $15,000 p.a. to be eligible for a credit limit of $500.

      Apologies for the lack of information on this one.

      Jacob.

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    NAB | November 18, 2013

    Can I get 3 cards with this rewards card?

    • Staff
      Jacob | November 18, 2013

      Hi Bill.

      Thanks for your question.

      Which card are you referring to? If you would like to see how many additional cardholders you can have with a particular account, and how much each will cost, please have a look at the ‘fees and repayments’ tab at the bottom of the card’s review page.

      I hope this helps.

  12. Default Gravatar
    Linda | November 4, 2013

    I have a Visa credit card but the strip is damaged. How do I apply to receive a new one?

  13. Default Gravatar
    Fiona | September 27, 2013

    Hi
    Is it possible to cancel an online purchase and have the payment reversed? I purchased a mobile phone online a week ago. The business immediately took payment, but I have not received any correspondence from them nor received the item. I have also found numerous complaints from other customers with similar stories on the internet. Have contacted this business several times via email and phone with no response. Their website is now closed for maintenance.Is there anything I can do to get my money back?
    Regards
    Fiona

    • Staff
      Jacob | September 28, 2013

      Hi Fiona.

      Thanks for your question.

      You may be able to order a chargeback. This is where you make a dispute with the merchant over a transaction. One of the most common reasons for ordering a chargeback is when the goods or services are not delivered. You will need to get in touch with NAB to lodge the dispute.

      I hope this helps.

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    troy | August 3, 2013

    Please advise if the calls from 1300 661114 are actually from the NAB or are fraudulent.
    this number has been used for a number of years and has recently been very active in claiming it is from the NAB.
    If they are fraudulent, please act immediately to shut this nefarious activity down. If they are not fraudulent, please improve the contact service skills of the call centre.
    Regards
    Troy

    • Staff
      Matt | August 5, 2013

      Hi Troy,

      Thanks for your comment. I did a quick search and found this number to be associated with the NAB Home Loans – Mortgage Stress department.

      If you’d like to let NAB know how you feel, please contact them directly.

      We hope you get your issue solved!

      Cheers
      Matt

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    Roy | July 15, 2013

    What is the interest on $5,000 cash advance on a MasterCard for 25 days?

    • Staff
      Jacob | July 15, 2013

      Hi Roy. Thanks for your question. If you’re looking to compare cash advance rates between credit cards, please click on the section where it says ‘cash advance rate’ and it will order the rates from lowest / highest or highest / lowest. Currently all NAB credit cards we compare (except their business payments card) have the same cash advance rate, which is generally the case for most cards offered by most providers. If you’re looking for short term access to cash, you may want to consider a personal loan. I hope this helps. Jacob.

  16. Default Gravatar
    Sandra | July 15, 2013

    I hold a NAB a platinum One MasterCard, does this give me full travel insurance in Australia and overseas of I purchase tickets on the card?

    • Staff
      Jacob | July 15, 2013

      Hi Sandra. Thanks for your question. NAB have since rebranded their platinum credit cards to premium credit cards. The products are the same, only the name has changed. The NAB Premium Card does currently offer complimentary international travel insurance. According to the terms and conditions, the cover is active when, ‘Prior to the commencement of your overseas journey, you have paid a minimum of $500 in pre paid overseas transport costs (including travel by air, rail, road or watercraft); and or accommodation costs; and or organised land tour costs all of which are inclusive of any charges, fees and or taxes (excluding foreign currency and traveller’s cheques) with your NAB Card account.’ I hope this helps. Jacob.

  17. Default Gravatar
    Kathryn | June 30, 2013

    Does my NAB visa card cover rental car insurance in Ireland?

    • Staff
      Jacob | June 30, 2013

      Hi Kathryn. I had a look at the NAB card insurance policy booklet and it says that there is rental vehicle excess cover provided for interstate trips only. Thanks for your question. Jacob.

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    wayne | June 17, 2013

    I want to transfer my $8000 credit card debt to a low interest card with NAB or I will transfer to another bank with low rates or zero for 9 months.

    • Staff
      Jacob | June 18, 2013

      Hi Wayne. Thanks for your question. Is NAB your current provider? If so, balance transfers with a promotional rate of interest will only be accepted from non-NAB credit cards, store cards and charge cards. If you’re looking to transfer your outstanding balance to another card under a promotional rate of interest, it will need to be to an institution that is not related to your current provider. You can compare balance transfer credit cards here. Jacob.

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    Jan | May 6, 2013

    Hi,
    Quick question!
    Does my ‘normal’ NAB visa credit card cover me for any collision damage on a rental car as I understand a platinum/gold does?
    Thanks.
    Jan.

    • Staff
      Jacob | May 6, 2013

      Hi Jan. Thanks for your question. Can you please be a little more specific about the card? The NAB Low Fee and Low Rate Card do not offer complimentary international travel insurance. Jacob.

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    Dane | May 2, 2013

    I have a credit card that is over the limit but want to transfer balance to one a with lower interest rate . Will I be able to transfer the over the limit funds or just the amount for the card?

    • Staff
      Jacob | May 2, 2013

      Hi Dane. Thanks for your question. You will be able to enter an amount to transfer from your old card, and provided that it’s within the maximum percentage of your approved credit limit set by the provider, you will be able to transfer the funds. Jacob.

  21. Default Gravatar
    aurel | April 25, 2013

    how to transfer points from visa card to frequent flyer

    • Staff
      Jacob | April 25, 2013

      Hi Aurel. Thanks for the question. When you apply for a frequent flyer credit card that is linked to a credit card, you also need to link you existing frequent flyer membership, or join a frequent flyer program and then link it to your credit card. You do this during the application process. Once this is done, when you spend frequent flyer points are automatically credited to your frequent flyer membership. Jacob.

  22. Default Gravatar
    Tony | April 19, 2013

    Is there travel insurance cover when I pay my travel expenses with my platinum one visa or american express card and if yes is there an excess?

    • Staff
      Jacob | April 19, 2013

      Hi Tony. Thank for your question. According to the policy insurance booklet (I’ve sent it to your email), ‘Your cover under this NAB Platinum Overseas Travel Insurance is deemed to have been activated if:
      • you are a current NAB platinum cardholder; and
      • prior to the commencement of your journey, you have paid 100% of your return overseas transport costs (airfares and/or cruise costs) including charges, fees and/or taxes with your NAB platinum card account.’
      Excesses vary depending the claim you’re making, so please refer to the policy booklet for further information about this. Jacob.

  23. Default Gravatar
    Keith | April 18, 2013

    Can I go online to find out my balance?
    Keith

    • Staff
      Marc | April 18, 2013

      Hello Keith,
      thanks for the question.

      NAB allows cardholders to check their balance through NAB Internet Banking. To log on simply visit the NAB website and enter your login details in the top right of the page. Through NAB Internet Banking you’ll also be able to view your credit cards credit limit, next payment due date and minimum payment due.

      I hope this helps,
      Marc.

  24. Default Gravatar
    Linda | April 10, 2013

    Can the card be in my name but the balance being transferred be in my spouses name ?
    What is the upper limit on this card?

    • Staff
      Jacob | April 11, 2013

      Hi Linda. Thanks for your question – great question. So, NAB allow you to transfer a balance from a credit card in one person’s name to a card in another person’s name. We made a page on this topic, you can find it here. The credit limit is determined by the information you provide during the application. You can elect a credit limit when you apply, but the decision rests with the lender as to whether they actually give you that limit. NAB allow you to transfer up to 70% of your approved credit limit – you can find more information on this topic here. Jacob.

  25. Default Gravatar
    Helen | April 5, 2013

    i have your flybuys credit card i would like to know if i gave my flybuys number to you when applying for credit card

    • Staff
      Jacob | April 5, 2013

      Hi Helen. Thanks for your question. We are not affiliated with NAB. Please contact them directly for an answer to your question. Jacob.

  26. Default Gravatar
    Terry | March 26, 2013

    Is their an age limit on travel insurance?

    • Staff
      Jacob | March 26, 2013

      Hi Terry. Thanks for your question. According to the NAB Credit Card Insurance Booklet: ‘NAB cardholders under 90 years of age are eligible for cover under the Overseas Travel Insurance Plan. Limits to cover and sum insureds apply to NAB cardholders who are aged between 76 years and under 90 years of age at the time of your loss.’ I’m going to send the terms and conditions to you via email if you would like to look into this a little further. Jacob.

  27. Default Gravatar
    Karen | March 25, 2013

    Can I combine 2 cards onto the one card?

    • Staff
      Jacob | March 26, 2013

      Hi Karen. Thanks for your question. You are able to consolidate the balance of multiple credit card debts onto the one card taking advantage of a balance transfer promotional rate of interest. NAB allow a balance transfer from a maximum of two cards. In the application, when you elect for a balance transfer, enter the credit card numbers and the amounts you wish to transfer. NAB allow a maximum balance transfer of 70% of the approved credit limit. For example, if you had a $1,000 credit limit on your new card, you’d be able to transfer a maximum of $700 from another credit card.

Credit Cards Comparison

Rates last updated November 25th, 2014
Interest rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
ANZ Low Rate
ANZ Low Rate
A low rate on purchases, balance transfer and a low annual fee. 13.49% p.a. 0% p.a. for 16 months $58 p.a. 21.74% p.a. Go to site More info
Citi Simplicity Card
Citi Simplicity Card
$0 annual fee credit card with a long term balance transfer offer. 19.99% p.a. 0% p.a. for 12 months $0 p.a. 19.99% p.a. Go to site More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card
Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 12.49% p.a. 0% p.a. for 14 months $45 p.a. 21.49% p.a. Go to site More info
American Express Qantas Discovery Card
American Express Qantas Discovery Card
Receive 7500 Qantas Points and pay no annual fee ever. Plus earn 1 Qantas Point per $1 spent on all your everyday purchases. 20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.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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