Why get a NAB Low Rate Credit Card?

  • More financial flexibility and peace of mind with our lowest interest rate cards

  • Up to 55 interest free days2

  • 7 complimentary insurances on our NAB Low Rate Platinum Card1

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

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

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

Our lowest interest rate on purchases with platinum services and complimentary insurances View disclaimer 1

$ 6K

Minimum credit limit

13.99
% p.a.

Standard purchase rate

$ 100

Annual card fee

0% P.A. ON PURCHASES FOR 15 MONTHS
  • Enjoy 0% p.a. on purchases for 15 months on a new NAB Low Rate Platinum Card. View disclaimer *
  • Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information below

Our lowest interest rate on purchases with no frills

$ 500

Minimum credit limit

13.99
% p.a.

Standard purchase rate

$ 59

Annual card fee

0% P.A. ON PURCHASES FOR 6 MONTHS
  • Enjoy 0% p.a. on purchases for 6 months on a new NAB Low Rate Card. View disclaimer *
  • Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information below

Here's how Dave uses his NAB Low Rate Card

Dave has larger-than-life ambitions

Dave wants to be a GP. He loves helping people, and problem-solving has always been a fun challenge for him. To achieve his dream, Dave needs to go to university, putting in long hours to study.

For Dave, having a low rate credit card provides flexibility to manage his monthly spending. He can use his card when needed (making sure his bills are paid on time) while paying less interest.

Frequently asked questions

What's a credit card?

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

How does the 55 day interest free period work?

Our Low Rate Card has “up to 55 days” interest free. But, be wary. It doesn’t mean you get 55 days interest-free from the moment you buy something. The "55 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 55 days. Remember if you don't pay your statement balance in full each month, you don’t get your interest-free period.

Find out 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 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 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.

We're ready to help you

Call us