Why get a NAB Low Fee Credit Card?

  • 7 complimentary insurances on our NAB Low Fee Platinum Card1

  • The flexibility to spend more on what’s important to you with our low annual fee cards

  • Fraud protection and online security so you can enjoy peace of mind with all your purchases

  • Access to hundreds of deals, discounts and privileges with Visa Premium Access on our NAB Low Fee Platinum Card

  • Special offers on shows, events, experiences and movies from Visa Entertainment on our NAB Low Fee Card

  • Get ahead by paying no interest on your balance transfer (during the balance transfer period) keeping in mind you’ll still need to make your minimum monthly payments

Our lowest annual fee card with platinum services and complimentary insurances View disclaimer 1

$ 6K

Minimum credit limit

19.74
% p.a.

Standard purchase rate

$ 90

Annual card fee

Our lowest annual fee card with no frills

$ 500

Minimum credit limit

19.74
% p.a.

Standard purchase rate

$ 30

Annual card fee

  • Purchase protection insurance on personal items for loss, theft, or accidental damage View disclaimer 1
  • Special offers with Visa Entertainment including pre-sale tickets and member promotions
  • Fraud and theft protection with world class security technologies
  • Global assistance for card emergencies
  • Add an additional cardholder at no extra cost View disclaimer *

Here's how Trish uses her NAB Low Fee Credit Card

Trish likes to keep things simple

Trish believes in being safe and practical. Whether it's for emergency purchases, or for paying off a credit card balance with a balance transfer - for her, having a low fee card just makes sense.

Looking for a balance transfer?

Frequently asked questions

What's a credit card and how does it work?

The official term is ‘revolving line of credit’. In normal speak it’s a card with a set amount of funds (called a 'limit’) you can borrow at any time. That’s the important word: borrowed. Like other loans, credit cards also come with an interest rate.

They have a regular repayment cycle, so the amount of interest you’ll pay will differ each month. It’s determined by how much you spend, how much you repay, and when you repay it.

Find out more about how credit cards work

When's the annual fee charged?

Within the first statement period (generally 30 days) of your card opening and after you’ve made your first purchase. Depending on which card you choose, you may pay a lower annual fee with one credit card when compared to another. Usually, the more features a card has – like rewards points and insurance – the higher its annual fee.

How do I know what to pay?

On your statement, we’ll list your payment details that shows your closing balance, due date (or due now), and minimum payment.

We must receive payment by your statement due date. This is at least your total minimum payment, or if you want to reduce interest, your entire closing balance.

If you don’t owe us anything, there’s no payment date on your statement.

How does the 44 day interest free period work?

Our Low Fee Card has “up to 44 days” interest free. But, be wary. It doesn’t mean you get 44 days interest-free from the moment you buy something. The "44 days" refers to from the start of your statement cycle to your statement’s due date. This is what we mean by "up to". So you could get between a week interest-free or a maximum of 44 days. Remember if you don't pay your statement balance in full each month, you don’t get your interest-free period.

Find out more how to make an interest-free period count

How's interest calculated?

Interest is calculated daily. The daily interest is based on that day’s closing balance. That’s the total of everything you haven’t paid back (including fees, purchases, cash advances and balance transfers), plus any interest charges.

For example if the interest rate is 18% per annum, and you have $100 outstanding on your balance, you will be charged 18% per annum of $100, or approximately $1.50 per month.

Learn more how to avoid paying credit card interest

What is your credit limit and what happens if you go over it?

Your credit limit is the amount you can borrow. When you apply for a credit card you can either set your own credit limit or the bank will set the maximum credit amount, based on the information you supplied about your financial situation. The bank will also set a minimum card limit, which depends on the type of card you apply for.

Learn more on what happens if you exceeded your credit limit and how to avoid it

How to apply for a credit card and what is the process?

You can apply for a NAB credit card online, over the phone or at any NAB branch. We’ll ask you to give us details about your occupation, spending habits, income, debts and assets.

You’ll also be asked to set a limit for the amount of credit you want. You may also have to supply some documents, like payslips. Approval for a credit card depends on our credit assessment criteria.

If your application is approved, it’s then subject to verification. If you meet the verification criteria, you’ll receive your credit card in the mail within 5 working days. Once you activate it, you can start using it straight away.

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