At NAB, we believe an honest credit card should do the right thing by you no matter how you use it.
Which honest credit card is right for you?
We’ve seen so many Australians being honest, we wanted to say thanks in the biggest way possible. Watch what happened, and the lengths we went to to recognize and reward Australians for seemingly small acts of honesty.
There are many reasons why you might want to cap your own credit card limit. You could be travelling overseas or simply wanting an easy means to stick within a budget.
Whatever your reason, you can now use NAB Internet Banking to lower your credit limit to the amount you want, whenever you want. And if you want to bring the limit back up again, you can simply login and make a request.
Credit card limits that you control – we believe it's the honest way to do credit cards.
NAB led the way in changing how our credit card repayments are applied so that amounts that attract the higher interest rates are paid off first, for all customers.1
Let’s say for example, you take advantage of the current special offer of 4.99%p.a.2 on balance transfers for 6 months on a new NAB Low Rate Visa Card. You then use your card to withdraw $200 from an ATM, at the rate of 21.74%p.a.3
When you make a repayment on your NAB credit card, your money pays off the highest interest transactions first, in this case the cash withdrawal of $200 that is accruing the higher interest rate of 21.74%p.a. This means you pay less.
We believe that it’s the honest way to do credit cards.
Unlike other banks who can charge you up to $35 for late payments, NAB only charges a low $5. But we figure, you should be able to avoid late fees altogether. That's why you can now register for NAB alerts and we'll send you SMS and email reminders up to 7 days before your credit card payment is due. It's a free service that keeps you from getting charged more than you need to.
No one wants to go over their credit card limit, but sometimes it happens.
If it does, we won't charge a fee for it.
No overlimit fees - we believe it's the honest way to do credit cards.