1 Promotional offer is available to existing NAB Personal Credit Card primary cardholders only for a limited time. Promotional offer is not available for balance transfers from another NAB credit card account or any current balance transfers with NAB.
The one-off balance transfer fee of 3% is calculated on the amount transferred and is charged to your NAB credit card account when your balance transfer from a non-NAB credit card account, is processed.
To process your balance transfer, we use your non-NAB card number to BPAY the balance transfer request. If your BPAY reference number for your non-NAB card isn’t your credit card number, we won’t be able to complete the balance transfer.
Interest free days on purchases applies if you pay your account in full by the due date each month. If you have a balance transfer, then you must pay the ‘interest free days payment’ listed on your statement in full, by the due date each month. For more information visit nab.com.au/btchange.
Minimum monthly repayments must be made by the due date each month. NAB will apply any payment you make in accordance with the order set out in the NAB card account terms (applied to the highest interest rate balance first). The promotional balance transfer rate will apply for a 12 month statement period. After the promotional period, your card's standard cash advance rate applies (subject to change) see nab.com.au/creditcardrates. Personal NAB credit card accounts linked to a rewards program will not earn points in relation to the balance transfer amounts.
Processing your new balance transfer request
NAB will process each request for a balance transfer on the Balance Transfer Request and debit your NAB card account in accordance with your request, provided:
- Each 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 request is processed (NAB will transfer balance transfer amounts in full or in part in the order they appear on this balance transfer request up to the available credit).
- The nominated account(s) are non-NAB credit card or store card accounts issued in Australia and are not in default (e.g. overdue or over-limit) under their applicable terms and conditions on the date of this balance transfer request, or at the date request is processed. Debit cards with overdraft (credit) facilities are not acceptable.
- NAB may refuse any balance transfer request at its discretion (including if your cash access has been reduced or removed).
Your obligations to make payments to your non-NAB nominated account in accordance with its terms and conditions continue. Also, it's your responsibility to close the nominated account if that's your decision. NAB will not be liable for any loss arising from a delay in processing or your failure to close a non-NAB nominated account.
2Comparison assumes standard purchase interest rate of 19.99% p.a. for other non-low rate bank card or store card and that during the 12 month period you make only the required minimum monthly payment by the due date of 2% per month or $25 whichever is greater for 12 months. Also that there are no other amounts owing on the NAB credit card during the 12 month period, and the balance transfer fee has been charged to the NAB credit card, however no other fees or other charges have been included in these savings calculations.
Please read the full balance transfer terms and conditions.
Fees and charges
Terms and Conditions available here. Fees and charges are payable. Approval and credit limit are subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees are subject to change. Correct as at 5 February 2022.
Credit cards issued by National Australia Bank Limited.