NAB Low Fee Card – Details & Application
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The NAB Low Fee card offers customers the advantage of low rates as well as a chance to earn extra rewards points. With a low annual fee and 19.49% p.a. on purchases, you could truly benefit from using your credit card.
The convenient features of the NAB Low Fee Card makes it a worthwhile card to consider.
| Product Name | NAB Low Fee Card | |
|---|---|---|
| Balance Transfer Rate | 4.99% p.a. for 6 months | |
| Interest Rate on Purchases | 19.49% p.a. | |
| Annual Fee | $30 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.
|
$500 | |
| Minimum Monthly Repayment | 2.5% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $5 | |
| Available to Temporary Residents | No | |
| Joint Application | No |
NAB Low Fee Card features:
One of the great features of this card is the 24/4 emergency travel assistance. This alone is worth gold when you are stuck and need help fast which can often end up being very costly in itself.
- The low annual card fee of is affordable for anyone.
- Get up to 44 interest free days on purchases.
- Get a second card for your partner at no extra cost.
- 19.49% p.a. interest rate.
- Low annual fee of $30 p.a..
- $0 supplementary cardholder fee.
- Emergency Travel assistance 24 hours a day, 7 days a week
- Available in NAB MasterCard or Classic.
- Convenient and easy NAB Telephone Banking and Internet Funds and Transaction access.
- Online shopping security when registered with ‘MasterCard SecureCode’ or ‘Verified by Visa’.
Additional NAB Low Fee Card features:
With the NAB Low Fee Card you can bank in confidence by using the telephone, the Internet or visit the branch.
- You’ll also get Purchase Protection Insurance.
- If you register with Verified by Visa or MasterCard SecureCode you can enjoy secure online shopping.
- Get a 60 second response when applying online.
The NAB Low Fee Card is available as NAB Visa Classic or NAB MasterCard
Interest Rate on Purchases
Imagine paying no interest on your credit card purchases for a full six months. NAB Low Fee card offers customers the benefit of a 19.49% p.a. interest rate on the items you purchase using your credit card.
This can mean buying the things you really want now and then paying them off over the next six months. You can feel secure that your balance isn’t being charged any interest over this time.
Once your balance is paid down, you can take advantage of the NAB Low Fee Card up to 44 days interest free on purchases. As long as you continue to repay your outstanding balance before the statement date each month, you won’t pay any interest on your purchases.
Balance Transfers
If you’re currently paying high interest on other credit cards, then you could benefit from rolling your outstanding balances over to your NAB Fee Card. You’ll be charged a low 4.99% p.a. for 6 months on the balance transfer amount, which can help you reduce your credit card debt very quickly.
Apply Online
Apply for your NAB Low Fee Card online and you could have a response in just 60 seconds. The online application form is secure and will keep your personal information safe. The application form is quick and easy to complete and knowing your response could be only 60 seconds away, you could begin to enjoy the benefits of this credit card sooner rather than later.
Read the NAB Low Fee 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. | $500 |
| Annual Fee | $30 p.a. | |
|---|---|---|
| Minimum Repayment | 2.5% | |
| Late Payment Fee | $5 | |
| Over Limit Fee | $0 | |
| Overseas Emergency Replacement | $100 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 2.3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 |
Pros
- A low annual fee of $30.
- A solid balance transfer offer of just 4.99% interest charged on balances bought over to this card for a period of 6 months.
- This is a low fee card that still lets you earn rewards on your purchases.
Cons
- There is only an interest free period of 44 days when you make a purchase on this card.
Read the NAB Low Fee Card terms and conditions.
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44 Responses to NAB Low Fee Card – Details & Application
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I have $19000 on a credit card but am working hard to reduce this to zero.What sort of card do you recommend, I spend about $1000 per month and expect to travel overseas in the next year. Also exactly what does the travel insurance cover.
Hi Roger. Please refer to our comparison of low rate cards to find the cards that’s right for you. Thanks for your question.
can i use this card to withdraw cash from atm? If yes, whats the fee or domestic and international transaction?
What is the requirement to apply for this visa?
How long will it takes until i receive the card?
Thank you
HI Dewi. This card can be used to withdraw cash from ATM’s in Australia and overseas. Domestic ATM charges vary, but unless you’re using a NAB ATM, then you’re likely to incur a $2 charge every withdrawal. Using this card to withdraw money from an overseas ATM will incur a local ATM operator fee, an international ATM Cash withdrawal fee of $4 from NAB and a Foreign currency transaction fee of 2%. Check the application page for information on application requirements, and once the application has been completed it should take about two weeks before you get the card. Thanks for the question.
is there no annual fee for the first year or is 30$ a month is it $500 limit?
Hi,
The annual fee is $30. The minimum credit limit is $500. Thanks.
Cheers,
Jeremy
I am required to be a customer of the NAB bank to apply for a credit card.
Hi,
Thanks for the question. You do not have to have been an existing customer with NAB to apply for a credit card. When you apply, you will be assessed as a new customer and will have your financial situation examined in order for your application to be successful. Hope this helps, cheers.
Jeremy
can have up to 4 cards total in my name for my family? thanks
Hi Kelly. Thanks for your question and sorry about the delayed response. You can have one additional cardholder on this account free of charge. Please check each card’s review and application page the number and cost of each additional cardholder. Apologies with how long it’s taken to reply. Jacob.
As a new customer (NAB Low Fee Card) what percentage of my credit limit can be used for balance transfer from another bank or banks?
Hi,
In the NAB Balance Transfer FAQ it states that “NAB won’t offer 100% of your credit limit to be used as a Balance Transfer.” Generally it the amount you are able to transfer is somewhere between 90-95%. Thanks for your question.
Cheers,
Jeremy
Hello, i was wondering of there was any security offered to the consumer if they lost there card if it is stolen?
Thank you.
Hi,
Thanks for the question. For an additional $59 a year you can protect your card from being lost or stolen through ‘Secure Sentinel’. Secure Sentinel is the 24/7 service that helps you cancel and order replacements for any cards that are lost or stolen. According to the NAB Low Fee Card website, Secure Sentinel also offers:
“- cover for any fraudulent use of the cards from the time you call them until they’ve called the card issuer
- help cancelling your Australian passport and organising a replacement from the nearest Australian Embassy
- an advance of up to $1000 cash for 30 days if your wallet is stolen (conditions apply)
- to temporarily block your mobile phone if it’s stolen
- coded tags for your keys and luggage to help get them back to you if they’re found
- registration of possessions you can identify through a serial number.” Thanks for your question.
Cheers
Jeremy
Can I transfer an amount of $2500 and collect flyby points.
Hi Irene. Thanks for your question and apologies about the time it’s taken to response. Points will not be earnt on balance transfers and other cash transactions, like cash advances. This card does not offer a rewards program; however, NAB do have cards that offer rewards when you spend. Jacob.
What rate does the transfer amount revert to after 6 months ?
19.74 purchase o2 21.74 cash ?
Hi,
After the promotional period, the remaining balance of the transferred amount is charged at the purchase rate of interest. Cheers.
Jeremy
Can you please advise more on the rewards program.
Thank you
Hi Mel. This card does not offer rewards when you spend; however, NAB do offer credit cards that do. Sorry for the delayed response. Jacob.
Can 2 people apply for the one card?
Hi Paul. Please check our article on institutions that allow joint-account holders for further information on this topic.
Is this card linked to qantas frequent flyers?
Hi Kaye. Thanks for your question. This card is not linked to the Qantas Frequent Flyer (QFF) Program. If you would like a credit card that allows you to earn QFF points, have a look at our Qantas Frequent Flyer credit card comparison table.
Is it true that I can earn velocity rewards points with this NAB low fee card ?
Hi Li. You can only earn Velocity Rewards points with the Velocity Rewards NAB Premium Card. The NAB Low Fee Credit Card does not offer an attached rewards program. For further information on NAB credit cards, please refer to our page on the bank’s products.
So, i receive 0.8 reward points per dollar i spent with this card, and 1.2 reward points with partners?
What are the partners?
Hi Wade. Thanks for your question. This card does not offer cardholders the chance to earn rewards. For more information on rewards credit cards, please refer to our rewards comparison page. Here is some information on rewards transfer rates and frequent flyer programs. Thanks.
What is the maximum amount I can pay for on this card?
Hi Lisa. Thanks for your question.
The maximum purchase limit depends on your available credit limit. Cash advances may be restricted by a daily limit, which is set by your card provider and can be amended by contacting your card provider. Some cards set this limit at $1000 a day. Hope this helps.
Happy new year. Jacob.
Hi, I have a few questions :
1) Are purchases required on the card or can it be used solely for payments against a transferred balance amount?
2) Are there closing down fees or penalties applicable should the trnasfer balance be paid off without any purchases?
3) Is a minimum outstanding balance required (not limit)?
4) Is the request to transfer a balance from another institution included on the application?
Hello Eugene,
thanks for the questions!
Purchases are not required on this card, so it can be used solely for payments towards a balance transfer. In addition there are no penalty fees for paying off the whole balance without purchases. There’s also no minimum outstanding balance required for this card. Finally, when carrying out the application online there’s a section for transferring balances which can be filled out. This will require inputting in the transfer amount, and the card number it’s coming from.
I hope this answers your questions.
Marc.
if i apply for this card in my name can i use it to transfer balance from an existing card(nab visa gold) which is currently in my husbands name? thanks
Hi Lisa. I covered this question in a video we made recently. Thanks for your question.
Hi,
Can my partner do a balance transfer from a card in my name onto the new NAB card in his name? Amount is around $6000.
Thank you, Lamorna
Hi Lee. Thanks for your question. Yes, NAB allow this. Check this page for more information. Jacob.
What is the maximum amount you can balance transfer?
Hi Shelly. Thanks for your question. You can transfer up to 70% of your approved credit limit with a NAB card. For more information on maximum transfer amounts, check this page. Jacob.
Hi,
I have a credit card with NAB with no outstanding debt. You use this card to make a balance transfer with 4.99% interest for 6 months.
Regards
Chaminda
Hi Chaminda. Thanks for your question. In order to carry out a balance transfer, you will need to have a debt on the card you wish to transfer from. For more information about balance transfers, please see this video. Jacob.
What’s the minimum income needed to apply for the NAB Low Fee Card?
Hi Jo. There is no minimum income requirement listed for this card, rather they will asses your application based on whether they think you can service the minimum credit limit. Jacob.
i would like to know my credit card result
Hi Mark. Please refer to this page for information on this question. Jacob.