NAB Low Rate Card Review (2026)
NAB Low Rate Card Review (2026)Rates and details verified 1 October 2026
Rates can change without notice. Last verified: 1 October 2026 (AEST). Please confirm details on the bank’s official page.
Purchase rate
13.99%
p.a. variable
Annual fee
$99
$0 in year one for existing NAB customers
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 13.99% p.a. on purchases, higher than the ANZ and Westpac low-rate cards, with an annual fee of $99. Existing NAB customers pay no fee in the first year; new customers pay it from the start.
New cardholders choose one of two intro offers: $400 cashback after meeting a minimum spend, or 0% p.a. on balance transfers for 26 months with a 3% transfer fee. You can't have both. The cashback suits someone who will put regular spending on the card. The balance transfer suits someone clearing debt from another card.
There are no rewards points. It is a plain card for people who sometimes carry a balance and want to keep interest costs down.
Key Rates and Fees
| Feature | Detail |
|---|---|
| Purchase rate | 13.99% p.a. variable |
| Annual fee | $99/year ($0 in year one for existing NAB customers) |
| Interest-free days | Up to 55 days on purchases |
| Balance transfer | 0% p.a. for 26 months, 3% fee (if chosen instead of cashback) |
| Cashback | $400 after a minimum spend (if chosen instead of the balance transfer) |
| Rewards | None |
Rates as at 1 October 2026. Check NAB's website for the latest.
Pros and Cons
Pros
- ✓ Choice of $400 cashback or 0% p.a. balance transfers for 26 months
- ✓ No annual fee in year one for existing NAB customers
- ✓ Up to 55 interest-free days
- ✓ Big four bank with the NAB app, branches and customer service
Cons
- ✗ $99/year, the highest annual fee among the low-rate cards we track
- ✗ New customers pay the full fee in year one
- ✗ No rewards or travel benefits
- ✗ Higher rate than Bankwest (12.99%) for a higher fee
How It Compares
NAB's main draw is the intro offer: a choice of cashback or a long balance transfer period. Once that ends, you are paying $99 a year for a rate that is higher than the other big bank low-rate cards, so compare the ongoing cost before you apply.
- CommBank Low Rate Credit Card10.99–15.99% — rate set on approval, $72/year
- Bankwest Breeze Classic Mastercard12.99% — $49/year, balance transfer offer for new customers
- NAB Low Rate CardReviewed here13.99% — $99/year, cashback or balance transfer offer
- ANZ Low Rate13.74% — $58/year
- Westpac Low Rate Card13.74% — $84/year, cashback or balance transfer offer
Related guides
FAQs
What is the purchase rate?
13.99% p.a. variable. It applies to all approved customers.
What is the annual fee?
$99/year. Existing NAB customers pay no fee in the first year.
What is the sign-up offer?
A choice of $400 cashback after a minimum spend, or 0% p.a. on balance transfers for 26 months with a 3% fee. One or the other, not both.
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 1 October 2026. Confirm current rates, fees, and eligibility on NAB's website before applying. This is not financial advice.