Credit Card Compare

NAB Low Rate - Cashback Offer

13.49%
Purchase rate
$59
Annual fee
55 days
Interest-free

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NAB Low Rate - Cashback Offer card
60 second approval
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CardIQ

55Good

Good

Overall score, out of 100 · How this works

  • 55 days interest-free57
  • Balance transfer55
  • Cashback80
  • Low rate63
  • Rewards21

Customer reviews

No reviews yet. Be the first to review the NAB Low Rate - Cashback Offer.

Pros & cons

What's good

  • 12 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.74% p.a.).
  • The 13.49% p.a. purchase rate is below the 18.99% p.a. market median.
  • Earns cashback on eligible spending.
  • No fee to add an additional cardholder.

Worth noting

  • 3.5% foreign transaction fee on overseas spending, at the high end of the market.
  • Earns no rewards points on spending.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Standard
Card type
Visa
Card use
Personal
Credit limit
$1,000 – $30,000
Credit rating
Good
Rewards program
None

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
21.74% p.a.
Purchases
13.49% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$59 p.a.
Cash advance fee
3.5% of the amount
Foreign transaction fee
3.5%
Late payment fee
$20

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from
Coles, Kogan Money, MyCard, NAB, Qantas Money
Limit
Up to your available credit limit
Period
12 months
Promotional rate
0% p.a.
Revert rate
21.74% p.a.
Transfer fee
3%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Cashback

Sign-up cashback
$400
Spend required
$5,000 in 5 months

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Interest-free days55 daysTop 10% (6th of 192 cards)
Balance transfer0% for 12 monthsBetter than most (12th of 44 cards)
Purchase rate13.49%Better than most (54th of 196 cards)
Annual fee$59 a yearBetter than most (79th of 200 cards)
Overseas fee3.50%Not as good as most cards (152nd of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Issuer
NAB