Find out why NAB credit cards are popular with millions of Australians
As one of Australia’s largest financial institutions, NAB are sure to have a credit card to suit your needs. Whether you want a plain vanilla credit card that costs you less to own and use, or you want a credit card that comes with everything but the kitchen sink, NAB offers a cards with a suite of features. Unlike most other credit card issuers, NAB offer products linked to the flybuys rewards program — they’re the only one of the Big Four banking institutions that do this. Compare NAB credit cards and discover how you can save money or get the flights and rewards you want. Compare credit cards and click ‘Go to Site’ to start an application for credit card from one of Australia’s Big Four Banks and one of the world’s leading financial institutions.
NAB’s recognised awards
NAB has been recognised for providing low-cost products and for their engagement with the community.
NAB Credit Card Offer
Apply for the NAB Low Rate card and receive a long term interest rate offer on balance transfers.
- $59 p.a. annual fee
- 0% p.a. for 15 months (reverts to 13.99% p.a.) on purchases
- 0% p.a. for 15 months with a one off 2% balance transfer fee on balance transfers
- Cash Advance Rate of 21.74% p.a.
- Up to 55 days interest free
Comparison of NAB Credit Cards
Rates last updated July 26th, 2016.
- NAB flybuys Rewards Card
0% p.a. for 15 months on purchases and balance transfers with a one off 2% balance transfer fee
May 2nd, 2016
- NAB Low Fee Card
Balance transfer and purchase rate offer has been extended
May 2nd, 2016
- NAB Qantas Rewards Card
Bonus points, purchase and balance transfer offer have been extended until 2 October 2016.
July 14th, 2016
Types of credit cards from NAB
There are a number of NAB credit cards to accommodate all types of budgets and needs. The low rate and low fee credit cards provide just what their name says: a cheap way to make purchases and a low-cost credit card to own. NAB rewards credit cards are linked to Qantas, Velocity and flybuys — they’re only one of two card issuers that let you earn flybuys points when you spend.
Low rate and low fee credit cards
Low rate and low fee credit cards are a basic credit card product that won’t cost you the earth to own. The low rate card can come with an interest-free promotion to compliment the low purchase rate. The low fee credit card can sit in your wallet without burning a hole in your pocket.
Rewards credit cards
These rewards credit cards from NAB are entry level frequent flyer credit cards linked to the Velocity program, Qantas Frequent Flyer program or the flybuys loyalty scheme. They’re an affordable way to get access to credit card frequent flyer rewards. Compare these cards by their annual fee and their earn rate. The higher the product’s annual fee, the more you have to spend for the credit card to be worth your while. Additional cardholders, interest-free days and the rates of interest should also factor into your comparison. These features add to the desirability of a rewards credit card.
Premium credit cards
If you’re looking for more than what’s on offer with NAB’s standard rewards cards, compare their premium cards. The annual fee is higher, but it can be a small price to pay for the extras on offer. There are complimentary insurances and lifestyle benefits available to cardholders and a higher earn rate for points.
The benefits of banking with NAB
NAB credit cards are most than just a way to access credit. Apply for a NAB credit card and get access to:
NAB Internet banking
If you have a NAB credit card, you can access your account through NAB Internet and mobile banking. Manage your account, make payments to other accounts in Australia and overseas, request a credit limit increase or apply for another NAB product from anywhere in the world, anytime they want.
NAB Complimentary Travel Insurance
Eligible NAB credit cardholders can enjoy complimentary travel insurance and take advantage of benefits including overseas medical, cancellation or holiday deferment costs, emergency travel arrangements, accommodation expenses and missed connections. To find out more about this travel insurance policy refer to our full guide on NAB’s complimentary travel insurance.
Card scheme benefits — Visa, MasterCard, and American Express
NAB’s rewards cards are issued with a Visa, MasterCard or American Express Cards. You choice of products gives you access to different card scheme benefits. Use your NAB credit card to make contactless payments for purchases under $100. NAB credit cards have global acceptance online, over the counter and at ATMs and you also benefit from Visa, MasterCard and American Express privileges like discounts on big ticket events.
NAB rewards credit cards — earn flybuys points
NAB are one of the few credit card providing institutions that can reward you with flybuys points when you make an eligible purchase on a NAB rewards credit card. This is a nice point of difference if you’re looking to grow your flybuys points balance fast.
How to apply for a NAB credit card
Follow the links on this page to go to apply for a NAB credit card. Each card has a list of eligibility requirements you must meet if you want to apply. You can find the eligibility requirements on our review and application pages.
Information needed for a NAB credit card application
If you’re eligible to apply for a NAB credit card, you will need to provide the following information about yourself:
- Personal information. NAB need to know your address, your contact information and you need to verify your identity by providing an accepted form of identification, like your driver’s licence number.
- Financial information. You will also need to detail information about your employment; income from assets like shares or property; your employer’s contact details and your account’s details if you’re self-employed; your expenses, like your weekly food expenses; and liabilities, like child support.
Frequently asked questions
Below you can find some of the most commonly asked questions about NAB credit cards. If you still can’t find the answer to your question, get in touch with us using the form at the bottom of the page.
How do I transfer a balance to a NAB credit card?
A balance transfer is a great way to reduce the amount of interest you pay on your credit card debt. This is a feature for new and existing NAB customers. Existing customers Existing customers need to contact NAB directly to arrange a balance transfer from a non-NAB account. The balance transfer rate you receive as an existing customer may be different to the promotional balance transfer rates of interest you see advertised on our website. New customers For new customers, when you apply for a NAB credit card, you’ll be asked whether you want to transfer your non-NAB credit card, store card or charge card balance to the new NAB credit card. If you elect to transfer a balance, you’ll be asked to enter your non-NAB card number, the amount you want to transfer from that card and you’ll also need to select the name of the lending institution. You can transfer as little as $200 or more, and up to 70% of your approved NAB credit limit can be used towards a balance transfer promotion. You can apply for a balance transfer within 2 weeks of opening the card.
How is interest calculated on my NAB credit card?
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 outstanding balance. 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.
When is interest charged on my NAB credit card?
NAB credit cards have up to 44 days interest free on purchases. This means the maximum time you won’t be charged interest by the bank is up to 44 days. If you make multiple purchases within a statement period, this number is reduced until you pay back your balance in full. If you’re not eligible for interest-free days, interest starts accruing from the day of purchase. 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 have only paid the minimum balance due and not the full balance in your last statement, for example, 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’, a.k.a. compound 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.
How much should I pay off my NAB credit card?
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. 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 aim at 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.
What are some of the ways I can reduce interest charges on my NAB credit card?
- Pick a credit card with interest-free days. Use the interest-free period feature of available on NAB credit cards.
- 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. If you don’t you’ll be charged interest from the day you use NAB credit card to make a purchase. Paying your card in full also ensures you won’t pay interest on the interest from the previous statement period.
- No cash advances. Cash advances and similar cash equivalent transactions always accrue interest from day one, and these transactions are charged at the highest rate of interest. Avoid cash advance transactions on your credit card (use a debit card instead for these transactions) and you’ll avoid exorbitant cash advance fees.
How do I set up internet banking with my NAB credit card?
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 website 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.
Does the annual fee collect interest?
NAB classifies the annual fee as a purchase. Therefore, if you have a card with no interest on purchases for the first few months, you won’t have to pay interest on the fee unless you haven’t repaid the amount by the time the revert rate kicks in. Similarly, if your card offers interest-free days and you repay your balance in full in the previous statement period, your annual fee won’t accrue any interest.
What happens if my card is lost or stolen?
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.
My credit card is about to expire, how do I get a new one?
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. If your card has expired and you haven’t received a replacement card in the mail or in your local NAB branch, call the NAB customer service team 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.
What is a 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.
How do I increase my credit limit on my NAB credit card?
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 if you have agreed to receive these notifications. You need to demonstrate a good credit rating and you have to have the income to support new credit limit. Before making a final decision to increase your credit limit. 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.
What’s a 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.
What’s a 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.