NAB Low Rate Credit Card
Best for: Paying down a balance with a low ongoing rate and long 0% balance-transfer offers
Pros
- Low ongoing rate if you carry a balance
- Simple card with no rewards programme to manage
- Regular 0% balance-transfer deals
Cons
- No rewards
- Balance-transfer fee on promotional offers
- Foreign transaction fee abroad
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
NAB Low Rate is the big-four card built for people who sometimes carry a balance: a purchase rate around 13.49% p.a. — roughly seven points below typical rewards cards — a low A$59 annual fee, and frequent long 0% balance-transfer promotions. There are no points, and that is the point: it is the cheapest way to borrow on a mainstream Australian card.
NAB Low Rate Credit Card at a glance
| Issuer | NAB |
| Card network | Visa |
| Annual fee | A$99 |
| Rewards rate | None |
| Welcome bonus | None |
| Intro APR | 0% on balance transfers for up to 28 months (transfer fee applies); 0% on purchases for an introductory period on some offers |
| Purchase rate | 13.49% p.a. (variable) |
| Foreign transaction fee | 3% |
| Credit needed | Fair to good |
| Airport lounge access | No |
| Best for | Paying down a balance with a low rate and long 0% balance-transfer offers |
Rewards & perks
- One of the lowest purchase rates among big-four cards
- Long 0% balance-transfer promotions
- Up to 55 interest-free days on purchases when you pay in full
Pros
- Low ongoing rate if you carry a balance
- Simple card with no rewards programme to manage
- Regular 0% balance-transfer deals
Cons
- No rewards
- Balance-transfer fee on promotional offers
- Foreign transaction fee abroad
Who should apply
- Australian residents aged 18+ with a fair-to-good credit history
- Anyone consolidating a balance from a high-rate card
- Budget-focused spenders who do not want points
Before you apply: card terms change often. Confirm the current annual fee, interest rate, welcome offer and rewards on the official NAB site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
How it compares with similar Australia cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
NABLow Rate 4506 2157 9510 9271 VALID THRU 04/29CASEY BROOKS NAB Low Rate Credit CardPaying down a balance with a low rate and long 0% balance-transfer offers |
A$99/yr | None | 0% on balance transfers for up to 28 months (transfer fee ap… | 3% | Fair to good | |
American Express Qantas Ultimate CardQantas flyers who can use the annual travel credit |
A$450/yr | 1.25 Qantas Points per A$1, dropping to 1 point after 100,000 points i… | None | 3% | Good to excellent (minimum inc… | |
Qantas Premier Platinum Credit CardQantas Frequent Flyers who want points, lounge invitations and insurance |
A$399/yr | 1 Qantas Point per A$1 on domestic spend (up to A$10,000 per statement… | 0% on balance transfers for an introductory period (fee may… | 3% | Good to excellent (minimum inc… | |
ANZ Frequent Flyer Black Credit CardHigh spenders who want a high Qantas Points cap on a Visa |
A$425/yr | 1 Qantas Point per A$1 up to A$7,500 per statement period, then 0.5 pe… | None on purchases | 3% | Good to excellent (minimum inc… |
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