Our verdict

No longer available

The NAB Low Fee Platinum Credit Card is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. Check out the current platinum credit cards here.

Pros

Enjoy 0% p.a. on balance transfers for the first 12 months.
This card comes with complimentary insurances including purchase protection and extended warranty insurance
You can request an additional cardholder at no extra cost.

Cons

There is an interest-free period of only up to 44 days on purchases as compared to other cards that offer up to 55 days interest-free.
There is no incentive for spending with this card as it has no rewards program.
For balance transfers, a one-time 3% balance transfer fee applies.

The NAB Low Fee Platinum has a $90 annual fee and offers 5 types of complimentary insurances – including international travel insurance. It also has a concierge service and Visa Premium Access offers. Right now, you can get a 0% p.a. interest rate on balance transfers for the first 12 months, with a one-time 3% balance transfer fee. But keep in mind that any remaining balance transfer debt at the end of the introductory period will attract the card's variable cash advance rate (currently 21.74% p.a.).

Details

Product details

Product Name	NAB Low Fee Platinum Card - DISCONTINUED
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 21.74%
Balance transfer limit	90% of available limit
Purchase rate p.a.	Purchase rate p.a. 19.74%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	Annual fee $90
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	Foreign currency conversion fee 3%
Cash advance fee	3% or $3, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

How to apply

You can apply for the NAB Low Fee Platinum Card online in 15 minutes and get a response in 60 seconds. Before you apply, make sure you meet the eligibility requirements and have the necessary documents and details you'll need for the online application.

Eligibility criteria

Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.
Eligible balance transfer debt. NAB allows you to transfer up to 90% of your approved credit limit from non-NAB accounts.

New cardholder. The balance transfer offer is only available to new NAB customers.
Age. You must be at least 18 years old to apply.

Required documents

Personal information. This includes your full name, contact details and date of birth. You'll also need to provide your driver's licence number or another valid form of ID such as your passport or Medicare card number.
Employment. Provide details of your current role, salary and your employer's name and contact details. You may also be asked to provide recent payslips, or your accountant's details.
Finances. This includes any other sources of income or assets, as well as your regular household expenses. You also need to share information on any existing loans and credit cards.
Balance transfer. If you want to request a balance transfer, you'll need to provide details of your current credit card account/s, including the financial institution/s and the amount of debt you'd like to transfer.

Card benefits

Balance transfer offer. Receive a 0% p.a. interest rate on balance transfers for the first 12 months. A one-time 3% balance transfer fee applies and you will still need to make minimum payments by the due date listed on each statement. Any remaining balance at the end of the promotional period will attract the variable cash advance interest rate.
Complimentary insurances. You can access a range of complimentary insurance options when you use this card on eligible purchases, including domestic and international travel insurance, rental vehicle excess insurance, purchase protection insurance and extended warranty insurance. There are different conditions for each type of cover so check the NAB Card Insurance Policy Information Booklet for full details.

NAB Concierge Service. You can take advantage of this 24/7 service to make the most of your travel, lifestyle and entertainment plans. This includes booking travel or tickets to events, reservations at hotels and restaurants or car and limousine rental. Your concierge is complimentary with your card and provided by Visa Worldwide.
Visa benefits. With Premium Access, you can access a number of exclusive travel, entertainment and lifestyle offers. If you need emergency assistance when travelling, you can contact Visa Global Customer Assistance services. Visa Secure also ensures that you have a safe online shopping experience.
Mobile wallets. You can link your NAB credit card with Samsung Pay, Google Pay, Apple Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.
24/7 NAB Service Centre. Got a question about your card? The NAB Service Centre team are available to chat at any time day or night.

Rates & fees

Annual fee. This card charges an annual fee of $90 p.a.
Purchase interest rate. This card charges a variable interest rate of 19.74% p.a. on purchases.

Cash advances. If you use this card to withdraw cash at an ATM or for any other cash advance transaction, a cash advance fee of 3% will apply to the transaction, as well as a variable cash advance interest rate of 21.74% p.a., which applies if you have any debt remaining from a balance transfer at the end of the introductory period. Note that any gambling transactions are also treated as cash advance transactions.
Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Minimum credit limit. The NAB Low Fee Platinum Card has a minimum credit limit of $6,000.
Currency conversion rate. Transactions made in foreign currencies will attract a fee worth 3% of the amount after it's converted to Australian dollars.
Additional cardholder. You can request 1 additional cardholder at no extra cost. Note that the additional cardholder must be at least 16 years of age and the primary account holder (i.e. you) will be responsible for all transactions on the account.

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Sally Finder

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Stan

September 10, 2019

Hello!

My wife and I received the full age pension income plus some shares dividends and bank interest. My taxable income is around $23k. Will I be eligible for applying credit card with travel insurance?

Thank you kindly.

Jeni Finder

September 11, 2019

Hi Stan,

Thank you for getting in touch with Finder.

You may apply for this card if you meet the eligibility criteria above. If you do, simply head to NAB’s official website to apply. Please make sure to read the features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

You may also refer to our list of credit cards for pensioners and retirees to compare your option. When you are ready, press the ‘Go to site’ button of your preferred card to apply.

I hope this helps.

Thank you and have a wonderful day!

Cheers,

Jeni

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mary

September 24, 2018

I am confused which credit card of nab I should apply for.

I would like to have a credit with a limit of 20k.

I don’t use a lot of my credit.and if I use I don’t normally spend more than 200 per month.

so I do prefer a low annual fee.

Can you please help me to find the best.

thank you

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Joshua Finder

September 26, 2018

Hi Mary,

Thanks for getting in touch with finder. I hope all is well with you. :)

Normally, it is the bank that will determine your credit limit based on how they assess your financial status. For low annual fee credit cards from NAB, most of them will not give you starting credit limit of 20,000AUD. Not only that, but the maximum credit limit for NAB credit cards are usually not specified on their website. Thankfully, during your card application, you have the option to apply for a higher credit limit available for your card. It is up for NAB then to approve your request or not.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!

Cheers,

Joshua

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Meena

August 07, 2018

I would like to apply for credit cards with a limit of 6000 but I am on a Bridging visa A(subclass 010). Please consider my question and reply on it. Thank you

Jhezelyn Finder

August 10, 2018

Hello Meena,

Thank you for your comment.

Generally, there are just some Australian banks offering credit cards to temporary residents. The page does not specifically state that the listed cards are for those on a bridging visa however you can definitely inquire to the providers listed your eligibility to apply. The limit will depend on how the provider assesses your financial status and other factors.

Please note that application requirements must be met as a temporary resident and these differ between different banks and providers. I hope this helps.

Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

Regards,

Jhezelyn

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September 01, 2017

When you sign on for the Credit card in one person’s name and then purchase over $500 for Travel does the Insurance cover both persons i.e. husband and wife travelling together of whom tickets were purchased for at the same time? OR, is the insurance only extended to the Card holder and the partner is not covered?

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Jhezelyn Andoy Finder

September 01, 2017

Hi RH,

Thanks for your comment.

Most policies also extend coverage to your partner and children when they travel with you. The key is to make sure you know who and what is covered by the policy and that you all meet the requirements for coverage, just as you would with a bought policy.

While credit card complimentary insurance policies vary between issuers, they are underwritten by the same major insurance companies. Here, we’ll look at the two main providers and the credit card policies they underwrite to help you understand how and when your family will be eligible for cover.

Best to contact NAB directly to check further.

Regards,

Jhezelyn

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Ian

July 11, 2017

Does the complimentary travel insurance cover the cost of the rental car excess fee in the event of a claim in France?

Arnold

July 12, 2017

Hi Ian,

Thanks for your inquiry.

It doesn’t. When you use this card to make travel reservations in excess of $500, you’ll receive overseas travel insurance. This offer covers up to $20,000 of medical expenses, travel cancellation, missed connections, collision damage, personal liability, accidental disability or death and other scenarios. Other complimentary covers include interstate flight inconvenience insurance, transport accident insurance, domestic hotel burglary insurance, purchase protection insurance, extended warranty insurance, and price protection insurance.

Hope this information helped.

Cheers,

Arnold

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NAB Low Fee Platinum Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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