NAB Low Rate Card gives Aussies up to $300 cashback and 12 months 0% balance transfer
Keep more cash in your pocket with the NAB Low Rate Card, featuring low ongoing rates, up to $300 cashback for new cardholders and 12 months 0% balance transfer
Overview
The NAB Low Rate Card is a straightforward credit option designed for Aussies who want low ongoing costs and clear benefits. It targets everyday spenders and those looking to consolidate higher-interest debt with a 0% balance transfer period.
This low-rate credit card combines a competitive purchase rate, a cashback incentive for new cardholders and practical features like a free additional cardholder — a neat fit for families in Australia wanting simple, budget-friendly credit.
Cashback offer and eligibility
New NAB Low Rate Card holders can earn up to $300 cashback by spending $500 each month for the first three months. Even if you miss one month you may still secure partial cashback, so the structured monthly targets give flexibility for real-life budgets.
Eligibility is typically 18+, Australian resident and with proof of income. The NAB Low Rate Card cashback is a clear draw — highlight this when comparing cards if upfront savings are a priority for you.
0% balance transfer and fees
The NAB Low Rate Card offers 12 months at 0% p.a. on balance transfers with a 3% balance transfer fee, plus an alternative 28-month option for longer-term consolidation. This makes it useful for clearing higher-interest credit card debt without incurring hefty interest charges.
Purchases attract a variable rate (around 13.49% p.a.), and international transactions carry a 3% fee. Balance transfer fees and annual fees are worth factoring into your cost comparison before committing to the NAB Low Rate Card.
Practical benefits and how to apply
Beyond cashback and balance transfer deals, the NAB Low Rate Card includes a free additional cardholder, solid customer support and integration with NAB’s mobile banking for easy tracking. It doesn’t offer reward points or travel insurance, but its simplicity often yields better savings for everyday use.
Applying is straightforward: prepare ID, income details and proof of residency, then apply online via NAB’s site. Check your eligibility first and compare annual costs, interest rates and fees to ensure the NAB Low Rate Card fits your personal finances.