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NAB Low Fee Platinum Card: 0% P.a. on Balance Transfers for 25 Months No BT Fee ($90 Annual Fee) via Finder

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NAB Low Fee Platinum Card: 0% P.a. on Balance Transfers for 25 Months No BT Fee ($90 Annual Fee) via Finder
Go to Deal
Store Repfindercomau on 15/10/2018 - 13:29 finder.com.au (595 clicks)
Last edited 15/10/2018 - 15:32 by 2 other users

Hi everyone!

Sharing an exclusive offer for the NAB Low Fee Platinum credit card, which is offering 0% on balance transfers for the first 25 months with no balance transfer fee.

Please note:

This offer is only available to eligible applicants who apply through finder via: https://www.finder.com.au/nab-low-fee-platinum-card-exclusiv… This card usually charges an upfront 2% balance transfer fee.

Card features & info
  • 0% p.a interest on balance transfers for 25 months with no balance transfer fee. Reverts to cash advance rate of 21.74% p.a.
  • Ability to transfer up to 90% of your approved credit limit from Australian credit or store cards not issued by NAB
  • Annual fee of $90 and purchase rate of 19.74% p.a.
  • 7 complimentary insurances from QBE: overseas travel, interstate flight inconvenience, transport accident, purchase protection, extended warranty, price protection and domestic hotel burglary insurance
  • Offers platinum privileges including the 24/7 NAB Concierge Service by Visa Worldwide and Visa Premium Access
Eligibility for this deal
  • You must be at least 18 years old
  • If you are not an Australian citizen or permanent resident, you will need to provide the last overseas address you lived in, along with other details of your residency status in Australia
  • For new NAB Low Fee Platinum customers (you can be an existing NAB customer with a different card) who request a balance transfer at the time of application

This is an exclusive deal via https://www.finder.com.au/nab-low-fee-platinum-card-exclusiv…

Financial Credit Card

Related Stores

Finder
Finder
Third-Party
National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • lubos on 15/10/2018 - 13:49

    Isn't this risky for the bank to offer?

    I mean, what stops people from getting the biggest balance transfer possible, then sticking the proceeds into 2-year term deposit account. Pay off the card after 2 years and pocket the difference…

    • TRAVELO on 15/10/2018 - 13:51
      +2

      the effort required to do that.

      • lubos on 15/10/2018 - 13:54
        +1

        Yeah, I know… even at $20,000, you will make like $1,000 at most but still. I'd find it amusing getting interest free loan from NAB for 2 years and using the proceeds to make term deposit with the same bank.

        • [Deactivated] on 15/10/2018 - 13:57

          % of the cash WDL balance will kill off any potential benefit.

          • lubos on 15/10/2018 - 14:01

            @[Deactivated]: Yeah, but if you make balance transfer to credit card which is fully paid off, your credit card will be in debit and there shouldn't be any fee when withdrawing debit balance.

        • Atazoth616 on 15/10/2018 - 15:02

          In most cases people should aim for a nominal return of >3%.

          Therefore, a better investment is to take an amount you are able payback in 24 months and invest in a diverse portfolio.

          That stated you really should not be investing with money you do not have even when it is low risk.

          • [Deactivated] on 15/10/2018 - 16:45

            @Atazoth616: It will cost a credit check as well ongoing commitment of credit when applying for something bigger (ie. Mortgage).

            Personally would rather bonus QFF points.

    • bkllo00 on 15/10/2018 - 16:15

      Can this balance transfer be paid into a bank account? I thought only Citibank offers that. Most other banks' balance transfer can only be paid into another credit card.

  • [Deactivated] on 15/10/2018 - 13:57
    -4

    @OP

    Where's your Aust Credit License please?

    • sghetti on 15/10/2018 - 14:01
      +3

      In the footer of the page they've linked to on their website.

      • [Deactivated] on 15/10/2018 - 16:42
        -3

        Happy to be corrected. Aust credit license number need to be quoted in the same "document" where credit is offered. A mere link is not deemed suspicion.

        Would be nice for those negged to provide rationale.

        • spuderump on 15/10/2018 - 16:54
          +1

          Oh go away.

  • cornucopia on 15/10/2018 - 14:01
    +1

    500 NAB shares fee free credit card yatayatayata .. :-) .. !!

    https://www.nab.com.au/about-us/shareholder-centre/sharehold…

    So you may as well get a more expensive card if you qualify ….

  • knobbs on 15/10/2018 - 14:08
    +1

    @OP We need some high signup bonus points from NAB please. Preferably velocity

  • Bellpop on 15/10/2018 - 14:09

    Ok it can’t be an NAB CC. Noted.

  • shabang on 15/10/2018 - 15:43

    @OP
    Any CC with points plus 0% balance transfer offer?

  • gadgetguy on 15/10/2018 - 18:28
    +1

    I regularly do interest free BT and earn interest off the proceeds but Nab gave me like a $4k limit last time so I wont be applying again.

    • MarsTitan on 16/10/2018 - 00:00
      +1

      Yes, low limit cards are not good for "professional" BTs. The low rate credit cards are in general geared towards lower end of the spectrum so the credit limits are not that high to begin with. Top end cards have higher limits (though with higher fees).

      Wait till the start of next year, all credit limits will decrease considerably as new regulation is coming.

      https://www.finder.com.au/how-the-new-credit-card-rules-will…

    • bkllo00 on 16/10/2018 - 14:47

      did you manage to get the BT funds from NAB paid into your bank account last time?

      • gadgetguy on 17/10/2018 - 19:20

        I cancelled the card as soon as I found out the limit. Now its just sitting on my credit record.

  • zzymurgy on 16/10/2018 - 15:28
    +1

    What kind of credit limits are people getting from these now? I don't want to add this to my credit history without knowing it's a decent offer.

    • MarsTitan on 16/10/2018 - 18:51

      Last time I applied I got a limit of 6K for platinum from NAB.

  • flared nostril on 20/10/2018 - 10:22

    Is this offer still available? The link redirects you to a NAB "maintenance" page.

    • Store Repfindercomau @ Finder on 25/10/2018 - 11:19

      Yep, the offer is definitely still available.

      Currently, there is no specified end date for this exclusive offer, but it could be withdrawn by NAB at any time.

  • cloudie9 on 25/10/2018 - 15:27

    That was quick, got approve instantly. I guess probably I am an existing NAB customer…

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