NAB Premium Card – Details & Application
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Take advantage of the latest offer on the NAB Premium credit card – available with a Visa or MasterCard
NAB Premium Card offers the advantages of platinum status. Enjoy the prestige and benefits of a platinum card without a load of fees and exceeding interest repayments.
| Product Name | NAB Premium Card | |
|---|---|---|
| Balance Transfer Rate | 1% p.a. for 12 months | |
| Interest Rate on Purchases | 19.49% p.a. | |
| Offer end date | 2 June 2013 | |
| Annual Fee | $90 p.a. | |
| Interest Free Period | up to 44 days | |
| Interest Rate on Cash Advances | 21.74% p.a. | |
| Minimum 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.
|
$5,000 | |
| Minimum Monthly Repayment | 2.5% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $5 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
Learn more about additional NAB Premium Card features:
If you like going for platinum , then the NAB Premium Card is the tool for your hip. With the benefits of platinum , you get to enjoy complimentary insurances. You’ll be covered if the unexpected when you’re next abroad with the complimentary NAB Platinum Travel Insurance Cover. This deal alone can save you hundreds of dollars. Other benefits included with this card are:
- Get up to 44 days interest free on purchases.
- Receive a bonus card absolutely free for a partner.
- Emergency travel insurance.
- Choose from NAB Premium Visa Card or NAB Premium MasterCard.
- 19.49% p.a. interest rates.
- $90 annual card fee.
- Special insurances for Platinum cardholders including complimentary National Platinum Overseas Travel Insurance
- Additional cardholder at $0
- Convenient banking with NAB Internet and Telephone Banking
- Secure online shopping when you register for free with Verified by Visa or MasterCard SecureCode
- VIP Lost Card Cover
To benefit from the NAB Platinum Overseas Travel Insurance you simply need to purchase 50% or more of your prepaid travel costs, (this includes the cost of your spouse and any dependent children travelling with you) with your NAB Premium credit card before you leave home. Once you do, you and your family are covered as soon as you start your overseas trip until you return to Australia. The trip can’t be longer than 90 consecutive days at a time. This comprehensive cover can be used for an unlimited number of trips per year.
Advantages of the NAB Premium Credit Card
NAB or the National Australia Bank is the fourth largest credit card issuing agency and one of the largest banking institutions in Australia. The NAB Premium Card offers a wide variety of incentives, benefits, and rewards. This program is linked with your Premium Card and awards you rewards points with every eligible purchase. The other main benefit are the 44 interest free days cardholders receive when they use their card to make a purchase. There are a range of other benefits included with this card, such as the low annual fee for a platinum card, the ability to add an additional cardholder at no extra change and extended warranty on select items purchased with the card.
Additional Card Features
This Platinum Card credit card also offers a free 12 month membership to the VIP Lost Card Cover program. This is a listing of all important credit card information that can be accessed with one call in the event of losing your wallet or all of your credit cards, or in case they are stolen. This service cancels and re-issues all of the credit cards on the list with one phone call. This can be a great asset to those who frequently travel abroad to help prevent being stuck in another country with no access to money. Platinum Card members also have access to multiple varieties of wines and accessories and are also eligible for the VISA Entertainment or the MasterCard Applause exclusive programs for shows and other entertainment.
Besides the peace of mind that comes from holding a reputable NAB credit card there are many exclusive features and benefits that are not available with other credit cards. The provider, National Australia Bank is a global competitor in the banking and finance industry, operating in nearly a dozen countries with over 1,700 branches and nearly 3000 ATMs. With coverage capabilities and the solid reputation that NAB carries, holding this card makes an excellent choice for Australians. With a great benefits and incentives package and world class security and customer service, the NAB Premium Card is first class in Australia.
Insurances
Special insurances for Platinum cardholders: National Platinum Overseas Travel Insurance, Purchase Protection Insurance, and Extended Warranty Insurance.
Card Link to Flybuys
Link your NAB Premium Card towards a great range of awards as you spend. Even better, you’ll accumulate points even faster when you:
- use your linked NAB Premium Card at our bonus points providers.
How to apply for the NAB Premium Credit Card
If you think this is the right credit card for you, click apply to be redirected to a secure NAB Premium Credit Card application page. From here you can complete the application process, which should take somewhere between ten and twenty minutes.
The application will require that you have information about your current financial situation, like your current income, expenses, liabilities and assets, and you will need a driver’s licence or passport on hand to complete the identification requirements.
Once you’ve completed the application, you will immediately get one of three responses: application accepted, rejected, or conditionally approved. If you’re conditionally approved, you may be asked to submit a copy of your most recent payslips. Once they have this information they can complete the application.
Read the NAB Premium Card terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | 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. | $5,000 |
| Annual Fee | $90 p.a. | |
|---|---|---|
| Minimum Repayment | 2.5% | |
| Late Payment Fee | $5 | |
| Over Limit Fee | $0 | |
| Overseas Cash Advance Fee | $1.50 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 2.3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 |
Pros
- 1% p.a on balance transfers for the first 12 months. One of the best offers on the market. This card is one to seriously consider if you are looking to transfer the balance of a card at a low interest rate.
- 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 55 days interest free period.
- 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
Read the NAB Premium Card terms and conditions.
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79 Responses to NAB Premium Card – Details & Application
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Hi i am thinking of a balance transfer to your qantas FF Gold card. I am already a QFF member and i note your complimentary $82.50 membership which i do not require. Is there any other discount or fee you can waive or reduce EG say 75% of the annual fee ? regards Graeme
Hi,
Thanks for the question. In our experience, there haven’t been any widely publicised instances of further discounts, although it cannot hurt to ask.
Cheers,
Jeremy
To Whom it May Concern,
I am looking to consolidate my 3 credit cards which in total are around $20,000 and i was just wondering what your limit on this card would be. We are travelling to America in August and i am searching for a good card to use while we are abroad. Your prompt reply would be greatly appreciated on this matter.
Kind Regards
Paul Carpenter
Hi Paul. You can consolidate the balance of more than one card provided the balance is no more than 70% of the approved credit limit on your new card. The credit limit is determined by the information you provide to the bank during the application. For further information on travel-friendly money, please refer to our travel money page. Thanks for your question.
How much do i have to earn to get a credit of 12000
Hi Reyhan. Lenders will assign a credit limit based on the financial detail you supply to them when you sign up for a credit card. Thanks for your question.
Is there a balance transfer fee?
Hi,
No there are no balance transfer fees for this card. To take advantage of the low rate the balance transfer must be processed at the time of the card application. Please note that whilst there is no balance transfer fee, the balance transfer interest rate still applies and is payable on the balance transferred. Thanks.
Cheers
Jeremy
I earn 47,000 per year, I do have a credit card for 1,000 with you and I want to do a balance transfer of 9,000 is it possible
Hi Marie. Thanks for your question. This is a question to ask NAB. You can only balance transfer up to 70% of your available credit limit, so with your current limit that would be a transfer of $700. You can apply for a credit limit increase, but approval is subject to NAB’s lending criteria. Sorry for the delay in this response. Jacob.
Can I update an old 0% nab card that has finished its 12month term!!!!
Hi Pat. Are you referring to another balance transfer? If you’re balance transfer promotional period has finished, you can transfer to another card with a balance transfer promotion provided that it’s a non-NAB credit card. Sorry for the delay in this response. Jacob.
can I transfer a balance from a Capital One credit card (American account) to this card?
Hi Jasmine,
Unfortunately you are unable to bring the outstanding balance from an international account over to an Australian credit card taking advantage of the low rate of interest offered through a balance transfer. Thanks for your question.
Cheers
Jeremy
I have two credit cards and would like to transfer both balances. Is that possible?
Hi,
It is possible to transfer the balance of two cards over to the NAB Premium Card provided that the complete amount you wish to transfer is less than 70% of your agreed credit limit and they are not NAB store or credit cards. Cheers.
Jeremy
Is the entire balance on my other card interest free even if it includes amounts that are being charged at purchase interest rates?
Hi Tony. Thanks for your question. Sorry about the time it’s take for us to get back to you about this. Can you please rephrase the question so I have a better understanding – even if the response is no longer relevant, the answer may be able to help other users. Jacob.
hi i just want to know if am able to apply for this card if i am on a bridging visa 487
Hi,
To apply for a NAB credit card you must be a permanent Australian resident. Thanks.
Cheers
Jeremy
does a joint income of $85,000 qualify for the NAB Premium Card?
Hi Helen. NAB do not allow joint primary cardholders on their credit cards. They do allow you to transfer the balance from someone else’s name to your own name under a promotional rate of interest though. For more information on credit cards that allow joint primary cardholders, please check this page. Sorry for the delayed response. Thanks for the question. Jacob.
I have 2 credit cards from different banks and 1 store card from GE totalling 30K, can these all be transferred?
Hi Vanessa,
Thanks for your question. For information on transferring multiple balances please refer to our guide here – http://www.creditcardfinder.com.au/can-you-transfer-multiple-credit-cards-with-a-balance-transfer.html – Cheers.
Jeremy
Please advise the % of balance transfer? some bank has 100% and some has 95 % etc.
what is the age limit for complimentary travel insurance?
Hi,
Thanks for the question. The following is taken from the NAB Insurance cover terms and conditions: “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 75 years and under 90 years of age at the time of your loss.” Hope this has helped.
Cheers
Jeremy
does the travel insurance cover my wife as well
Hi,
The complimentary travel insurance will cover your spouse. The terms and conditions state that: “eighteen (18) years of age or younger; or (b) twenty-four (24) years of age or younger if they are full time students at an institution of higher learning; and at the time of a covered event giving rise to a claim are primarily dependent upon you for maintenance and support; and who are travelling with you on the journey.” – Cheers
Jeremy
Hi, Can I transfer balance of a personal loan onto this card? Thanks
Hi Julia,
NAB doesn’t allow you transfer personal loans onto the card, but they do have other options for consolidation of debt if you have a personal loan with NAB. Also, Citibank funded credit cards allow you to transfer the balance of a personal loan. Cheers
Jeremy
What will happen if my requested credit limits is lower than approved limits? Will that put me to application fail straightaway?
Thanks
Hi Gladys. It will not mean a failed application, just that you won’t have access to the amount of credit you wanted. If you’re applying for a balance transfer, you won’t be able to transfer the full amount. You can always request a credit limit increase, however, you may not be approved. Thanks.
Hi
Hi
is there any balance transfer fees
i have to pay on balance transfer? &
what will be annual balance transfer rate amount for $15000 balance transfered?
Thanks
thanks
Hi Pankaj. Thanks for your question. There are no fees for carrying out a balance transfer. The only amount you will have to pay is the balance transfer rate of interest and the minimum monthly repayment (this must be paid each month to keep your account in good standing).
What is the maximum amount able to be transferred on a balance transfer to a new card at the 1% per annum balance transfer rate for 12 months?
what is the difference between the Gold Card Mastercard and Visa Cards?
Hello Shanta,
thanks for the question.
Regardless of if you choose MasterCard or Visa for the NAB Premium you’ll get the same benefits. It’s a question of your preference for Visa or MasterCard. They both offer Emergency travel assistance, fraud protection and an experiences hotline (MasterCard Priceless and Visa Privileges), and a high acceptance rate across the globe.
I hope this helps,
Marc.
Hi, I started new full-time employment around 5 months ago, and earn a salary of $52,000 per year.
I was in full-time employment prior to that on $60,000; and I’m now in a different industry.
In your experience, do you believe my Income & time-in-job will be enough to gain Approval for a $5K approx Balance Transfer? (assume no other debts).
I don’t want to ‘ruin’ my Credit History by getting it checked and then my overall App declined on Income/job reasons – that doesn’t look good for future Apps.
Thanks so much!
Justine
Hi Justine. Thanks for your question. For information the application process, please refer to our article on the topic. Cheers.
Hi there, do you accumulate fly buys points or QANTAS FF points if you transfer funds from another credit card via a balance transfer?
Hi Tracey. Thanks for your question. Points are not earnt on balance transfers. Cheers.
my wife and i earn $100,000 annually my wife has about $23,000 credit card debt in her previous name.can we get a card in both our names,with a balance transfer to repay the three credit cards.
Hi Paul. As a general rule: balance transfers are only accepted from single to single account holder credit cards and joint to joint account credit cards. For more information on balance transfers between partner’s credit cards, check this article, ‘Can I Balance Transfer a Credit Card from my Partner (Husband or Wife)‘. And for information on which institutions allow joint account credit cards, check this article. Thanks.
I would like to transfer the balance of my personal loan onto this card, is that option available?
Hi Paul. Thanks for your question. The following is taken from the NAB balance transfer terms and conditions page: ‘The nominated account is a non-NAB credit card or store card account issued in Australia (debit card accounts are not acceptable)’. Citibank are one institution that allows the balance of a personal loan to be transferred to their credit card. Cheers.
Hi All – thanks for all your questions.
There have been some questions in this thread about balance transfers to this product.
We’ve just been informed by a spokesperson at NAB that the maximum balance transfer percentage for any card is 70% of the approved credit limit, so if you have a $1000 credit limit on your new card, you’d be able to transfer a maximum of $700 from other non-NAB credit cards
We hope this information helps you with your research and comparison.
hi I currently have a business card with the nab,the interest rate is quite high I have a credit limit of $20000.00 and was wondering if i could transfer the amount owing on this card which is around $16000.00n and another credit card to give me a limit of roughly $25000.00 to give us a chance to pay some of the principle off over the next 12 months.kind regards
Hi Joseph. Thanks for your question. In order to transfer the balance from one credit card to another taking advantage of a low introductory rate of interest, you will need to transfer the balance between two non-related credit cards. Please check our balance transfer comparison page for a comparison of the market’s balance transfer credit cards. Cheers.
Hi
Interested in the credit card with 1% interest on balance transfers. How do you work out the interest each month on a $16,000 credit card, is it $160 per month? Thanks
Hi Kim. Thanks for your question. You will be charged 1% interest on any balance brought over to the card. Interest is calculated daily but charged per statement period. The minimum repayment each month is 2.5%. Cheers.
Hi, I was wondering if you can transfer existing NAB credit card balances to NIL or low interest cards with NAB to try and get it paid off quicker
Regards Clint
Hi Clint. Thanks for your question. To be eligible for a balance transfer at a low rate of interest, you will need to carry out a balance transfer to a non-NAB credit card. Balance transfers will not be accepted between two NAB credit cards. For a comparison of the market’s balance transfer credit cards, please refer to our balance transfer credit card comparison page. Alternatively, you can also check our low-rate credit card comparison page for a card with a low rate. Cheers.
What is the maximum credit limit available on this card?
Hi BH. Thanks for your question. There is no set credit limit on this card, rather it is based on the financial information you provide to NAB when you apply for this card. They will assign a credit limit based on the debt they think you can service. Cheers.
Just wondering if it is worthwhile contacting current credit card provider and telling them that I will be looking to balance transfer and close my account as I can get a better deal to see if they will offer something without the need to apply with a new provider. Not sure if this s common practice and so worth doing in the first instance given I have a really good history with them?
Hi Tara. I have not heard of any anecdotes where this has worked, but it can’t hurt to try and see what they say. Best of luck. Here’s a link to our balance transfer comparison page if it doesn’t come through for you.
can we transfer two credit cards onto this new credit card as a combined transfer ? can we re apply again after the 12 month time ?
Hi Janina. Thanks for your question. You are able to transfer the balance from two non-NAB credit cards to a NAB credit card through a balance transfer low interest promotion. Check our page, Can you transfer multiple credit card balances through a balance transfer.
Hi there
I am a discharged bankrupt and the bankruptcy no longer shows on my credit file.
I want to apply for a credit card in order for me to get my credit rating back to what it should be.
I have a full time job, no debt and have learnt valuable lessons after becoming bankrupt which was the only option for me at that time.
I just need for someone to give me a go and let me prove that I can be trusted with credit.
If I was to apply for a credit card through NAB what are the chances of it being approved, at a higher rate if need be.
I don’t want to waste anyone’s time by completing applications as I know each time you apply it appears on your credit file.
Would appreciate someone getting back to me.
Regards
Tracy Allen
Hi Tracy. Thanks for your question. We spoke to a banker about what people with a bad credit history should do when looking for a card. Cheers.
Hi, I am looking at your gold card which offers 1% balance transfer for up to 12 months. How much is the minimum balance transfer before I am eligible for the 12 months?
Regards
Lisa
Hi Lisa. Thanks for your question. The minimum amount you can transfer under this promotional balance transfer offer is $200. Hope this helps.
if i only paid the minimum payment on a 12 month credit card at 1%, then paid the entire balance just before the 12 months expired what would be the total amount of interest i would pay. the amount borrowed $6,000
Hi Jane. Thanks for your question. Please use our credit card repayment calculator to find the answer. Cheers.
Does nab allow account balance transfers (personal loans) from another bank.
Hi Nat. According to the NAB balance transfer terms and conditions, in order to a balance transfer to be successful, ‘The nominated account is a non-NAB credit card or store card account issued in Australia (debit card accounts are not acceptable) and is not in default (e.g. overdue or over-limit) under its applicable terms and conditions on the date of this balance transfer request or at the date request is processed.’ But NAB do offer debt consolidation loans, you may want to consider this option if you’re not eligible for a balance transfer. Cheers.
I have a well established Dr who is wishing to debt consolidate all his credit cards to one facility totally approx $150K he earns approx $800K per annum is this something you would consider.
Hi Office. Your question reminds me of a conversation I had with Binny Singh, a NAB branch manager. The following is a snippet from our conversation. We’re unable to comment on your personal situation, but I hope you find this helpful. Cheers.
Hi, I am currently holding two NAB Credit Card. I want to consolidate both to be able to pay less interest. As a NAB customer am I able to apply for another card and consolidate the cards? The amount is around $30,000.
Hi H. In order to eligible for a balance transfer promotion you will have to transfer the balance of your cards to a non-NAB credit card. Thanks for your question.
Hi
I currently have a $4,000 debt on a $6,000 card and want to transfer to your gold at 1%. What happens if we do not pay off balance transfer in 12 months, does balance get interest at 19,49% or 21.74%? thanks
Hi Cletus. Thanks for your question. At the end of the balance transfer period, any balance transfer amount that you haven’t paid off will revert to the purchase interest rate for your card. Cheers.
Hi,
Do you have a card that has the travel insurance and Q f/f points
Thanks
Ho Robert. Within the NAB range of credit cards, the NAB Qantas Rewards Premium Card offers the chance to earn Qantas Frequent Flyer Points in addition to offering complimentary insurances. Thanks.
Hi,
My husband and i have around $14,000 owing on 2 credit cards, both under my husbands name, he has changed work to part time whilst studying, would it be possible to transfer the debt to my name and apply for this card?
Hi Tanya. You can transfer the balance from one person’s name to another person’s name taking advantage of a low promotional balance transfer rate of interest.
What are the differences between premium and platinum credit cards apart from the annual fee
Hi Mary. Thanks for your question. Generally speaking, a premium and platinum product are one in the same thing. NAB does not offer a platinum card, rather they have a premium card, which is similar to other bank’s platinum credit cards. If you would like to get back to me with a specific platinum credit card, I can help you compare that card with the NAB Premium Credit Card. Jacob.