Types of credit cards | Find the right card for you - NAB
Different types of credit cards
Depending on your needs and budget, there are a range of credit card types to suit.
Here are some of the most common types of credit cards, including low fee and low rate cards, as well as cards that let you earn rewards points.
Low rate credit cards
Low interest rate credit cards charge a lower interest rate on purchases. This helps make repayments more manageable.
The NAB Low Rate Card is our lowest interest rate card. This credit card gives you a choice between a balance transfer or cashback offer, plus you can take advantage of special movie and event offers from Visa Entertainment.
Low fee or no fee credit cards
Low annual fee credit cards offer a lower annual fee to use the card. Some credit cards even charge no annual fee. However, these cards typically charge a higher interest rate on purchases.
The NAB Low Fee Card charges our lowest annual fee. It does have a higher interest rate compared to our NAB Low Rate Card.
Rewards credit cards
Rewards credit cards give you bonuses and points just for using your card. These can be things like travel vouchers, complimentary insurance, and multiple points per dollar spent. Rewards credit cards can come with higher interest rates or higher annual fees than other types of credit cards. Learn more about how rewards credit cards work, and how to earn and redeem points.
You can choose from two different rewards programs at NAB. Both programs have two different credit cards, each with a different minimum credit limit to meet your needs. They both also come with complimentary insurances.
NAB Rewards credit cards
With a NAB Rewards card you can earn an unlimited amount of NAB Rewards Points on purchases. You can redeem credit card points for rewards like flights, gift cards and products in the NAB Rewards Store. You can also transfer your points to cash or points with some travel partners.
NAB Qantas Rewards credit cards
Our NAB Qantas Rewards cards allow you to earn Qantas Frequent Flyer Points when you use your credit card to make purchases. You can use your points for flights, products, and vouchers from the Qantas Marketplace . If you’re not already a Qantas Frequent Flyer member, you’ll be able to join for free when you apply.
Frequent flyer credit cards
A frequent flyer credit card lets you earn airline points on eligible purchases, which you can redeem for flights, upgrades and other travel rewards. If you travel regularly, it can help you turn everyday spending into future trips while unlocking extra travel perks, depending on the card.
Balance transfer credit cards
A balance transfer credit card lets you move other debts onto a new card, often with a lower interest rate for a set period, to help reduce interest and pay off debt faster.
At NAB, you can take advantage of the balance transfer offer on our low rate card, or the standard balance transfer offer on other eligible cards. Learn more about balance transfers at NAB.
Travel credit cards
A travel credit card is designed for travellers, offering benefits like reward points on travel spending, complimentary travel insurance, airport lounge access, and fewer fees on overseas purchases. Many of NAB’s credit cards come with travel benefits, and the NAB Rewards Signature Card charges no international transaction fee.
Business credit cards
Business credit cards are designed for business expenses, helping owners manage cash flow, track spending, and earn rewards or benefits on business-related purchases. Explore our range of business credit cards.
Credit card benefits and tools
You can use different types of credit cards to your benefit.
For example, a credit card can help you manage your finances by consolidating your debts with a balance transfer. This allows you to transfer some or all of what you owe from one or more non-NAB credit cards to a new card with more manageable fees or rates.
A credit card could make things more convenient with the ability to add an additional cardholder.
If you’re planning to travel soon, explore the benefits and rewards that come with a range of NAB products, including credit cards.
Learn more about how credit cards work.
Explore credit card offers
Check out our latest credit card offers including rewards points, balance transfers and cash back.
Compare credit cards
If you’re not sure which credit card would be right for you, our easy to use tool will help find the best card for your needs. You can also compare some of the cards that you’re most interested in instead.
Credit card guides and calculators
Read our helpful guides on credit cards and use some of our handy calculators to get the most out of your credit card.
How to apply for a credit card
Learn more about what you’ll need to apply for a NAB credit card.
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Fees and charges
Read our credit card terms and conditions. Credit card fees and charges are payable. Approval and credit limit is subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at today.
Target Market Determinations for these products are available at nab.com.au/TMD.
Credit cards issued by National Australia Bank Limited.