Competitive purchase interest rate
With a variable purchase interest at 13.49% p.a., this card provides one of the lowest standard borrowing rates among NAB products. This rate makes the card suitable for users who occasionally carry a balance—helping to minimize interest charges compared to standard credit cards.
Strategic choice between debt relief or rewards
You can select either a balance transfer offer with a 5.99% p.a. rate for 24 months and no transfer fee, or $400 cashback after spending $5,000 in 150 days. Choose what fits your goals best.
Modest continuing annual fee with shared cardholder flexibility
After the first year (if using the BT offer), the annual fee is $59. Add one additional cardholder at no extra cost — ideal for families or shared finances.
Up to 55 days interest-free on new purchases
If you pay your balance in full by the due date, enjoy up to 55 days of interest-free credit — a useful feature for managing short-term expenses effectively.
NAB Low Rate goes beyond low interest — it empowers debt management
If you’re trying to take charge of credit card balances or reduce borrowing costs proactively, the NAB Low Rate Credit Card strikes a smart balance between affordable ongoing rates and flexible introductory offers. A standard purchase rate of 13.49% p.a. is well below typical credit card rates, making it an efficient tool for users who occasionally carry balances. Whether consolidating existing credit with a 5.99% p.a. balance transfer or unlocking $400 cashback on new spending, this card helps you choose the path that fits your financial goals best.
Moreover, the first-year fee waiver or cashback credit helps offset initial cost and immediately offsets future fee burdens, giving a clear head start. While it lacks extras like travel insurance or rewards programs, it gains purpose in simplicity, low cost and financial clarity—making it a reliable option for those focused on minimizing interest and maintaining budgeting discipline.
If your main goal is to reduce existing debt, choose the balance transfer option with its low 5.99% rate for two years and no first-year fee. If you’re looking for a bonus from everyday spending, the $400 cashback offer delivers immediate value once you meet the spend threshold.
Any outstanding balance that was transferred will revert to the standard cash advance rate of 21.74% p.a., which is considerably higher. It’s important to clear that promotional balance within the 24‑month window to avoid incurring high interest charges once the offer expires.
No—this card does not offer reward points, travel insurance, or purchase protection. Its design emphasizes affordability and simplicity rather than perks and extras, aligning its value with lower ongoing borrowing costs.
Yes—NAB allows adding one additional cardholder at no extra cost, making it suitable for shared household usage without increasing fees. This approach supports shared spending while keeping the cardholder cost efficient.
Yes—there are applicable fees for late payment, cash advances, and foreign transaction charges (typically around 3–3.5%). You may also face interest on new purchases without interest-free days if carrying a transferred balance. It’s essential to manage payments on time and monitor usage to avoid these additional costs.
Final Thoughts: simplicity and savings for the debt-aware
This credit card is crafted for those who value clarity, consistency, and effective debt management. With its low variable rate, generous BT period, and practical cashback offer, it gives you tools to reduce costs without compromising financial flexibility. Its minimal fees and lack of reward clutter make it an intelligent choice for clear‑minded users who seek predictability.
If you’re not driven by travel perks or loyalty points and instead prioritize lower interest, transparent terms, and the ability to choose the best intro offer, this card matches your needs perfectly. Click below to review full terms, confirm eligibility, and proceed with an informed application process.