Credit Card Compare

NAB Low Rate Credit Card

69 reviews
Data last updated 20 July 2026
13.49%
Purchase rate
$0
Annual fee
55 days
Interest-free

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NAB Low Rate Credit Card card
60 second approval
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CardIQ

60Good

Good

Overall score, out of 100 · How this works

  • 55 days interest-free55
  • Balance transfer63
  • First timer70
  • Low rate56
  • No annual fee58

Customer reviews

3.8

Based on 69 reviews. We show 20 of them.

Most of the praise went to the interest rate and day-to-day use.

EllenRecommends

Cheap and easy

It’s easy to use and won’t cost a fortune. The application process was very easy and quick. I haven’t had any service issues either. The app makes it easy to keep track of spending and doesn’t use much data. I definitely recommend this his card to anyone.

TyronRecommends

They listened to my complaint about interest rate

I have had this card for 20 years and use it for everyday purchases, but I know full well that I should have a rewards card for everyday purchases, to build up those points. I originally had an interest rate at around 20%, but after complaining to NAB they reduced it to this low…

BelindaRecommends

Great interest saving card

This card has low interest rates, and is a great way to pay off debt quickly.The customer service is fantastic – great guys to chat with, to make sure you’re on the right card. Branch staff are fabulous and so friendly. They greet you by name every time without fail. I would…

RupertRecommends

OK, but lack of rewards is disappointing

The card was reliable, with a good introductory limit which I never exceeded, and it had good integration with Internet banking. The lack of rewards was pointedly disappointing. More benefits for usage would have incentivised me to make greater use of my card. Likewise the new…

FrankDoesn't recommend

They won't increase my limit

A lot of monthly costs mean I am always near or over my limit, and it becomes an issue. They won’t increase my limit. I’d hoped they would increase limit by $2-3k to help me in the short term. But I like NAB as a bank, as they do help me at times. I’m hoping for a better option.

RhysRecommends

Low revert rate on interest-free balance transfer

NAB’S Low Rate Card has a low interest rate on both cash advances and everyday purchases. NAB offered a generous 16 months 0% interest balance transfer that I took advantage of to move some debt from a high-rate Virgin Australia card. The kicker to this is that even after the 16…

BenRecommends

Interest-free period on purchases, but no rewards

My NAB credit card is a reliable card that I can always rely on. However, I get no rewards whatsoever. I want a low rate as I am saving for a wedding and I may need to use it, which is why I applied for this card as it has 15 months interest free on purchases.It needs rewards…

RachelRecommends

Low interest, easy to understand

This is an amazing credit card with low interest. The card served its purpose on numerous occasions and is now being paid out easily. The terms and conditions are easy to understand and straightforward. This account is perfect for someone looking for a short-term answer which…

ChristopherRecommends

The best credit card for all kinds of uses

This card has very low fees, is easily accessible, and has an interest-free period. What could be better than that? It’s easy to apply and I have had no problems with the card whatsoever. It’s perfect, from uni students and people studying, all the way to business purposes and…

VeronicaRecommends

Never fails, excellent service

My NAB Credit card has not failed me in any location that I have been, plus the service that I receive from NAB is excellent.There’s an easy sign-up service, with good advice and different options to sign up for. I really think a choice of cards is excellent for different types…

Pros & cons

What's good

  • The 13.49% p.a. purchase rate is below the 18.99% p.a. market median.
  • No annual fee.
  • No fee to add an additional cardholder.

Worth noting

  • The annual fee increases from $0 to $99 in the second year.
  • 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
No annual fee
Annual fee (year 2+)
$99 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
24 months
Promotional rate
4.99% p.a.
Revert rate
21.74% p.a.
Transfer fee
0%

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

This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.

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)
Purchase rate13.49%Better than most (54th of 196 cards)
Annual fee$99 a yearMiddle of the market (110th 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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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
NAB