Our lowest interest rate on purchases with no frills.
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Standard purchase rate
for 32 months promotional balance transfer (BT) rate. No BT fee applies. Unpaid BT reverts to cash advance rate.1
Cash advance rate
Annual card fee (reduced to $0 for the first year).1
Interest free days on purchases2
Minimum credit limit
Find out more about rates and fees.
Enjoy 0% p.a. on balance transfers (BT) for 32 months with no BT fee on a new NAB Low Rate Card. Unpaid BT reverts to cash advance rate.
View disclaimer 1
Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information below.
Plus, enjoy no annual fee for the first year (usually $59).
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.
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.
Enjoy our lowest interest rate on purchases, with the added benefits of complimentary insurances
Important information
You’ll now be redirected from NAB to an external site.
NAB doesn’t accept responsibility for the operation of the website you’re being redirected to.
