NAB Low Rate Card Review (2026)
NAB Low Rate Card Review (2026)Rates and details verified 21 June 2026
Rates can change without notice. Last verified: 21 June 2026 (AEST). Please confirm details on the bank’s official page.
Purchase rate
13.49%
p.a. variable
Annual fee
$99
waived first year
Interest-free days
55
when balance paid in full
How the NAB Low Rate Card Works
The NAB Low Rate Card is a no-frills low-rate credit card from one of Australia's big four banks. It charges 13.49% p.a. on purchases — lower than ANZ and Westpac's low-rate cards — with an annual fee of $99 that is waived in the first year for new customers.
There are no rewards points, no sign-up bonuses, and no balance transfer promotional offers. It is a straightforward card designed for people who occasionally carry a balance and want to minimise interest costs.
Key Rates and Fees
| Feature | Detail |
|---|---|
| Purchase rate | 13.49% p.a. variable |
| Annual fee | $99/year ($0 first year for new customers) |
| Interest-free days | Up to 55 days on purchases |
| Balance transfer | No promotional offer |
| Rewards | None |
Rates as at 21 June 2026. Check NAB's website for the latest.
Pros and Cons
Pros
- ✓ Annual fee waived in year 1 — try it for free
- ✓ 13.49% p.a. — lower than ANZ and Westpac low-rate cards
- ✓ Up to 55 interest-free days
- ✓ Major bank — NAB app, branches, and customer service
Cons
- ✗ $99/year from year 2 — highest ongoing fee among low-rate cards we track
- ✗ No balance transfer offer
- ✗ No rewards or travel benefits
- ✗ Higher rate than Bankwest (12.99%) for a higher fee
How It Compares
NAB's first-year fee waiver is a genuine point of difference. For someone who wants to try a low-rate card from a major bank at zero initial cost, NAB is a reasonable option. From year 2, the $99 fee makes it the most expensive in this category.
- CommBank Low Rate Credit Card10.99–15.99% — (personalised), $72/year
- Bankwest Breeze Classic Mastercard12.99% — (fixed), $49/year — 0% BT 24 months
- NAB Low Rate CardReviewed here13.49% — (fixed), $99/year (waived yr1)
- ANZ Low Rate13.74% — (fixed), $58/year
- Westpac Low Rate Card13.74% — (fixed), $59/year
Related guides
FAQs
What is the purchase rate?
13.49% p.a. variable — applies to all approved customers.
What is the annual fee?
$99/year. Waived in the first year for new customers.
Are there interest-free days?
Yes — up to 55 days on purchases when you pay your closing balance in full by the due date each month.
Information is general in nature and may change without notice. Details verified 21 June 2026. Confirm current rates, fees, and eligibility on NAB's website before applying. This is not financial advice.