NAB Low Rate credit card, save heaps with 0% balance transfers for 28 months and $0 first-year fee
NAB Low Rate credit card with 0% balance transfers for 28 months, $0 first‑year fee and low ongoing rates to keep more cash in your pocket
If you’re looking to cut interest costs without fuss, the NAB Low Rate credit card is worth a proper look. It’s built for Aussies who want straightforward savings: 0% balance transfers for 28 months, a $0 first‑year fee and a low ongoing rate to keep more cash in your pocket.
Big savings with balance transfers
The headline feature is the 0% balance transfers for 28 months, which makes the NAB Low Rate credit card one of the longest zero-interest offers in Australia. Transferring high-interest debt from other cards can save you hundreds, even thousands, over the promotion period.
Remember there’s a one-time 2% balance transfer fee, so do the sums before you move balances. Even with the fee, many customers find the overall savings worthwhile compared with standard card interest rates.
Low fees and everyday flexibility
The card comes with a $0 annual fee for the first year and then a modest $59 thereafter, positioning the NAB Low Rate credit card as a low-cost ongoing option. It also offers up to 55 days interest-free on purchases when you pay your statement in full.
You can add a free additional cardholder, making it handy for household budgeting or sharing a card with a partner. NAB’s mobile app and online banking let you track transfers and payments in real time, so you’re never guessing where you stand.
What to watch out for
It’s important to keep an eye on the end of the 28-month period: any remaining balance will revert to the standard variable rate and cash advances attract a higher rate. If you don’t clear the transferred balance in time, interest costs will climb.
The NAB Low Rate credit card doesn’t include a rewards program or travel insurance, so it’s not aimed at frequent flyers who chase points. It’s built primarily for practical savings, not perks and premium extras.
Who should apply and how to apply
This card suits Australians who want to consolidate expensive card debt or those after predictably low interest on purchases. If you’re committed to paying down a transferred balance within the 28 months, the savings potential is strong.
Applying is straightforward online or at a NAB branch. Make sure you meet eligibility criteria—over 18 and an Australian resident with a reasonable credit history—and have recent payslips or ID ready to speed up approval.