Low rate credit card | Balance transfer or cash back offer - NAB
Choose one of our available credit card offers
Choose between our promotional balance transfer (BT) or cashback offer. Our BT offer is best if you have high-interest credit card debt and want to reduce interest while paying it off, while our cashback offer is best if you can meet the minimum spend and want a sign-up bonus, plus a low-rate card for everyday purchases.
NAB Low Rate Card balance transfer offer
Looking to transfer your existing credit card or store card debt to a new NAB credit card? Enjoy our promotional balance transfer rate for 24 months.
Minimum credit limit
$1,000
Annual card fee
$ 59 p.a.
Variable purchase rate
13.49 % p.a.
From 27 April 2026, the annual card fee will increase from $59 to $99 p.a.
Benefits
Considerations
Not the right card for you? We can help you choose a different one.
New customer offer
4.99% p.a. on balance transfers (BT) for 24 months with no BT fee
0% p.a. on balance transfers for 24 months with 3% BT fee, plus ongoing reduced annual fee
We can’t process balance transfers from certain issuers – see our indicative list. Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information.
NAB Low Rate Card cashback offer
Looking for a credit card with a low interest rate that gives you $400 cashback?
Minimum credit limit
$1,000
Annual card fee
$ 59 p.a.
Variable purchase rate
13.49 % p.a.
From 27 April 2026, the annual card fee will increase from $59 to $99 p.a.
Benefits
Considerations
Not the right card for you? We can help you choose a different one.
$400 cashback
Purchases must be processed and charged to your account in the 150 day period from account opening to count towards the spend criteria.
Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information.
More about your low rate card
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A low rate credit card charges a lower interest rate on purchases, which means you pay less interest if you don’t pay off your minimum repayment. You can avoid being charged interest all together if you pay off your balance in full each month.
Learn more about how to avoid credit card interest.
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A balance transfer is when you transfer debt from an existing credit card to a new credit card, usually at a new bank. The new bank may offer a lower interest rate for a limited time to help you pay back your debt.
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Cashback is when you receive credit back to your account. The offer is available for a promotional period and you need to meet eligibility criteria to earn the cashback. You still need to make the minimum payment for each statement during the offer period.
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The NAB Low Rate Card has an interest free period of up to 55 days. The 55 days begins at the start of your statement period and ends at your statement due date. To avoid paying interest, you need to pay off the entire closing balance on your credit card statement by the due date.
Learn more about your credit card statement.
Rates and fees
Learn more about our standard interest rates and minimum credit limits.
| Variable purchase rate | 13.49% p.a. |
|---|---|
| Interest free days on purchases | Up to 55 |
Annual card fee | $59 p.a. |
| Minimum credit limit | $1,000 |
| Variable cash advance rate This is the interest rate charged on amounts you withdraw as cash, gambling transactions (including lottery ticket purchases), or transfer from your credit card to another account. | 21.74% p.a. |
NAB Low Rate Card benefits
Save on interest
Enjoy our lowest everyday purchase rate.
Fraud protection
NAB Defence proactively detects fraudulent transactions, so you can enjoy 100% peace of mind with all purchases.
Add another cardholder
Add an additional cardholder at no extra cost.
24/7 emergency assistance
We're here for you 24/7 over the phone if your credit card is lost or stolen.
Visa Entertainment
Special offers on shows, events, experiences and movies from Visa Entertainment.
Digital wallet payments
Tap and pay with the smartphones and wearables you already own and use everyday.
Things to consider
We want to help you choose the right card, so here are a few things to consider about this card before you apply.
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Higher annual card fee than the NAB Low Fee Card.
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This card has no complimentary insurances.
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You won’t earn rewards points.
Applying for a credit card with NAB is easy
Follow these three steps to apply for your new NAB credit card.
Meet the eligibility criteria
Check that you meet all our eligibility criteria before you start your application.
Apply online
Complete the online application form and get a response in 60 seconds.
We’ll be in touch
If conditionally approved, we may still request extra information. Once approved, your card will arrive within five working days, or you can use your digital card immediately.
Unlock offers for existing customers
If you’re already a NAB customer you could be eligible for additional credit card offers such as reduced annual card fees, bonus rewards points and more.
Here's how to get started:
New to NAB Internet Banking? Register now
Credit card tools and calculators
Need help finding the right card or want to see how much you could save with our credit cards? We have some handy tools to help.
Help me choose the right credit product
Choose the right credit product with our easy-to-use tool.
Compare credit cards
Use our comparison tool to compare our credit card fees and features.
Understanding credit cards
Here are some handy guides to help you better understand how credit cards work.
How do credit cards work?
A guide to help you decide if a credit card is right for you and how to apply for one if it is.
Common credit card fees and ways to avoid them
Understand the different types of fees and ways to avoid paying them.
How to avoid paying credit card interest
Learn how interest on your card works, and ways to avoid paying it.
Help and support
We're here to help. Use our guides and support services to better manage your money.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Other credit cards to consider
Still trying to decide on the right card for you? Here are a few more options to consider.
NAB Low Fee Card
Enjoy our lowest annual card fee of only $30, so you can save your cash for the things you love.
Credit card offers
Enjoy a low annual fee card plus platinum services and complimentary insurances.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Terms and Conditions
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Consider the NAB Internet Banking terms and conditions which apply when using NAB Internet Banking and the NAB app, before making any decisions regarding these services. The NAB app is compatible with Android™ and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Services issued by NAB.
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.
Credit cards issued by National Australia Bank Limited.
NAB Credit Card Terms and Conditions
NAB Electronic Banking (card based) terms and conditions
NAB Credit Card Cover Product disclosure statement and policy document (PDF, 471KB)
Indicator rates for other personal lending products
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.