Score up to $300 cashback with NAB Low Rate Card, 0% balance transfers
NAB Low Rate Card offers up to $300 cashback, 12 months 0% balance transfers and a low 13.49% p.a. purchase rate for everyday Aussies
The NAB Low Rate Card is a practical choice for everyday Australians who want low-cost credit with clear benefits. With up to $300 cashback on eligible spends and 0% balance transfers for 12 months, the NAB Low Rate Card gives Aussies a simple, value-driven option for managing purchases and existing debt.
Why the NAB Low Rate Card works for everyday Aussies
The NAB Low Rate Card focuses on low ongoing cost rather than flashy perks, making it ideal for households and young professionals in Australia. The headline purchase rate of 13.49% p.a. keeps interest charges competitive for regular spending.
For those who prefer a straightforward card without points programs, NAB Low Rate Card saves on complexity and helps you control monthly expenses. Adding a free additional cardholder also makes it easy to centralise family spending under one account.
Cashback and 0% balance transfer benefits
New cardholders can earn up to $300 cashback by spending $500 per month for the first three months, a clear incentive for people who already budget regular outgoings. Even if you miss one month, you can still pick up partial cashback, which adds flexibility.
The 0% p.a. balance transfer for 12 months (with a 3% transfer fee) is useful when consolidating high-interest credit cards. NAB Low Rate Card also offers an alternate extended balance transfer option for different needs, so compare the maths before moving balances.
Costs, fees and what to watch for
While the NAB Low Rate Card has a low purchase rate, it isn’t fee-free: expect an annual fee and a 3% foreign transaction fee on overseas purchases. Those fees matter if you travel often or buy from international merchants.
Missing repayments or carrying transferred balances past the promotional period can increase costs significantly, so track the promotional end date. Check eligibility requirements and the exact annual fee on NAB’s site before applying to ensure the card suits your financial profile.
How to apply and tips to maximise value
Applying for the NAB Low Rate Card is straightforward — apply online with ID, proof of income and residence in Australia. NAB’s mobile banking tools make it easy to monitor spends, set alerts and manage repayments to avoid interest charges and fees.
To get the most from the NAB Low Rate Card, plan your three-month spend to secure the cashback and use the 0% balance transfer window to pay down higher-rate debt. Compare alternatives too; while NAB Low Rate Card is strong on simplicity and low purchase rate, other cards may offer longer 0% periods or travel perks that suit different needs.