Balance Transfer Terms and Conditions

For your Balance Transfer request to be considered you must have completed this Application Form.

"you" is the person who completed this balance transfer request
"NAB" is National Australia Bank Limited
"NAB card account" is your NAB credit card account detailed on this form
"NAB card account terms and conditions" means the terms and conditions applicable to your NAB card account
"nominated account" is any account from which you have requested a balance transfer on this form
"these terms and conditions" mean these special promotion balance transfer terms and conditions and any terms applicable to the special promotion in promotional material

Processing your request

When NAB approves your Application, NAB will send you a letter offering to enter into a credit card agreement with you. After 5 business days after the account is opened, NAB will process each request for a balance transfer on this Application form and debit your NAB Card Account in accordance with your authority, provided:

  • the balance transfer amount is $200 or more
  • the total of the balance transfer amounts is less than the available credit on your NAB Card Account at the time the Balance Transfer is processed. (NAB will transfer amounts in full or in part in the order they appear on this form).
  • the nominated accounts are a non-NAB credit cards or store card accounts issued in Australia (debit card accounts are not acceptable) and are not in default (eg. overdue or over-limit) under its applicable terms and conditions on the date of this Balance Transfer request or at the date the request is processed.

NAB won't offer 100% of your credit limit to be used as a Balance Transfer.

NAB may refuse any Balance Transfer request in full or part at its discretion (including if your access to cash advances has been reduced or removed).

Delay in processing

In the absence of negligence by NAB, NAB will not be liable for any loss arising from a delay in processing.

The Balance Transfer amounts

These amounts are designated as purchases for the purposes of the NAB Card Account Terms and Conditions. The NAB Card Account Terms and Conditions, including all bank fees and charges and government charges and duties apply to balance transfer amounts debited to the NAB Card Account in accordance with your authority.

Other transaction amounts

Transactions other than balance transfer amounts requested in connection with this Special Promotion attract the purchase interest rate and cash advance interest rate you have been notified is applicable to the NAB Card Account.

Special Promotion rate:

  • only applies to the amount transferred by NAB in connection with this Special Promotion
  • is charged from the date the balance transfer amount is debited to your NAB Card Account
  • If at the end of this Special Promotion rate period any portion of the balance transfer amount is owing, the outstanding balance transfer amount will attract interest at the (Purchase) indicator rate you have been notified is then applicable to your NAB Card Account

Interest free days

Interest free days on purchases only applies when you pay your account in full by the due date each month. This includes any unpaid balance transfer amounts.

Rewards programs

If your NAB Card Account is linked to a rewards program, you will not earn points in relation to the balance transfer amount.

Offer/Acceptance of NAB Card Account

If your Application is approved, NAB will offer to enter into a credit card agreement with you and will issue you NAB Card Account Terms and Conditions. You accept that offer by first use of your NAB Card Account in accordance with those terms and conditions. In the event first use has not occurred when NAB processes your Balance Transfer request, then your first use of the NAB Card Account will occur when NAB debits your NAB Card Account with the balance transfer amount in accordance with your authority.

Nominated accounts

Your obligations in connection with any nominated account continue and you must pay any amounts due in accordance with applicable terms and conditions. NAB will not close any nominated account. This is your responsibility.