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Low Fee Card



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Supplementary Cards Supplementary cardholder must be over 16 years of age
  • Purchase Protection Cover lasts for 62 days per year


The NAB Low Fee Visa Card features a moderately high interest rate, low annual fee and a moderately low number of interest-free days. There is no dedicated rewards scheme with this card, however cardholders have access to special offers such as pre-sale event tickets and movies through Visa Entertainment.

For those wishing to transfer existing credit card debt, this card offers a 0 per cent balance transfer interest rate for the first 6 months with a 2 per cent balance transfer fee. The minimum credit limit is $500.

The NAB Low Fee Visa Card allows one additional cardholder (16 years or older) at no extra cost. It also comes with complimentary purchase protection insurance which covers personal items bought with the card that are lost, stolen or accidentally damaged within 90 days of purchase.

If you connect your card with NAB Pay for Android or NAB PayTag for iPhone, you can also make contactless payments using your smartphone.

  • Low annual fee
  • Free purchase insurance
  • Free additional cardholder
  • Moderately high interest rate
  • Moderately low interest-free days
  • High overseas spending fees


Who is it good for?

The NAB Low Fee Visa Card is suited to existing NAB customers who want to manage all their finances in the one place, or those looking for a credit card with a low annual fee. Those wishing to share a credit card (such as couples) may also find the free additional cardholder offer beneficial. However, if you are looking for a credit card with low fees, there are other cards on the market with lower annual fees and lower interest rates.

The purchase interest rate is also moderately high, so if you’re looking to cut down on unnecessary costs this card may not be the best option for you. Similarly, the overseas charges are relatively high, so it isn’t particularly suitable for international spending or frequent travellers.

What RateCity says

This card offers relatively few advantages to potential cardholders aside from the low annual fee, complimentary purchase insurance and the free additional cardholder offer.

Despite these benefits, the interest rate is relatively high and there are other cards available that offer both a lower interest rate and a lower annual fee, which may be more appropriate for those on a budget.

The 0% balance transfer rate with 2% balance transfer fee could be beneficial to the right cardholder, however there aren’t many incentives to keep customers interested in this card once the introductory period has come to an end.

So, if you’re looking for a low-cost credit card or to transfer debt, you might be better off shopping around to find a card that offers greater value for money or more attractive benefits – such as a dedicated rewards program.


To be eligible for the NAB Low Fee Visa Card, you must be at least 18 years of age and meet the bank’s serviceability criteria. You will need to provide proof of identification and personal details. You may also be asked to provide proof of income such as bank statements and payslips. To apply, you can fill in a form online at the bank’s website or visit a NAB branch if preferred. 

About the lender

National Australia Bank (NAB) is one of Australia’s big four banks. Founded in Australia in 1893, NAB now has 30,000 staff serving 9 million customers at more than 900 locations in Australia, New Zealand and around the world. Customers can take care of their banking needs in-branch, via NAB’s online banking portal or through the NAB mobile app. Customer service is also available via phone and email, and 24/7 phone support is available for lost or stolen cards.


Looking to get your first credit card? You might be confused as to exactly where to go to apply for one. Here’s where to go when you are ready to put in that application.

The bank: Your bank is a great place to start, provided that you have a good banking history. Since you already have a financial history, you have more chance of your application being approved.

Credit card provider: Another option is to apply for a credit card directly from the issuer, such as Visa, Mastercard or Amex. This will most likely be an online application, so do your research and apply for a suitable card for your circumstances.

Major retailers: Coles, Woolworths, Myer and David Jones all have credit cards available. But watch out for the interest rate and annual fees – these cards are designed to help you spend more in store.

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