NAB Low Rate Credit Card 0% Balance Transfers for 28 Months, $0 First-Year Fee, Australia’s Top Low-Interest Pick
Put more back in your pocket with the NAB Low Rate credit card, 0% balance transfers for 28 months, a $0 first-year fee and low ongoing interest
The NAB Low Rate credit card is built for Australians who want to cut interest costs and get control of revolving balances. With 0% balance transfers for 28 months and a $0 first-year fee, it’s positioned as one of the top low interest credit cards in Australia for people focused on savings and simple terms.
This review covers what matters: balance transfer mechanics, fees, day-to-day use and who will benefit most. Read on to see if the NAB Low Rate credit card suits your budget and financial goals in Australia.
Key features that save you money
The headline benefit is 0% balance transfers for 28 months, which can dramatically reduce interest costs when you consolidate higher-rate debt. Add a $0 annual fee in the first year and a modest $59 thereafter, and you’ve got a very competitive low annual fee option.
The card also offers up to 55 interest-free days on purchases if you pay the statement balance in full each month, and a free additional cardholder to share convenience without extra cost. Those features make the NAB Low Rate credit card a practical pick for households managing multiple accounts.
Balance transfer details and costs
While 0% balance transfers for 28 months are generous, a one-off 2% balance transfer fee applies, so factor that into your maths. Even with the fee, transferring a large balance from a high-rate card in Australia often yields substantial savings compared with keeping the old card.
Unpaid balances after the promotional period revert to the standard variable rate, so the NAB Low Rate credit card works best if you plan to clear transferred debt within the 28-month window. Understand the timing and plan repayments to maximise the 0% balance transfers benefit.
Everyday use, apps and customer experience
NAB’s online banking and mobile app make it easy to track balance transfers, set up repayments and monitor spending in real time. For Aussies who bank on the go, the seamless digital experience reduces the risk of late payments that can wipe out savings from 0% balance transfers.
The card isn’t aimed at rewards hunters — there’s no points program or travel perks — but for people prioritising low interest and low annual fee, ease of use and transparent terms are the real draw. The straightforward setup helps you keep your finances tidy.
Who should apply and how to apply
The NAB Low Rate credit card is ideal for Australian residents wanting to shift high-interest balances, cut ongoing interest costs and enjoy a low annual fee structure. If you travel a lot or chase rewards, another card might suit you better, but for debt consolidation this is a top contender.
Applications can be completed online or at a NAB branch; basic eligibility includes being 18 or older and having a steady income and acceptable credit history. Before applying, calculate the total savings after the 2% transfer fee to make sure the promotion genuinely lowers your costs.