NAB Low Rate Credit Card: $300 Cashback with $1,500 Spend in 90 Days ($59 Annual Fee or $30 for Existing NAB Customers) @ NAB

350

Similar to ANZ and Commonwealth Bank

18% off for your next $1,500 of purchases and easy $1000 minimum credit limit

Seems like NAB customers have reduced annual card fees of $30 instead - thanks to bargain4all

From the website:

If you’re already a NAB customer you could be eligible for additional credit card offers such as reduced annual card fees, bonus rewards points and more by applying through the NAB app or NAB Internet Banking.
Purchases must be processed and charged to your account in the 90 day period from account opening to count towards the spend criteria.
Minimum monthly repayments required. NAB may vary or end this offer at any time.

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)
Visa
Visa

Comments

  • +3

    Looks like $30 annual fee for existing NAB customers.

    • Mine still shows $59

  • +1

    Works out at 16% with the annual fee doesn't it?

  • +4

    Open, collect, shut.
    Period!

  • Will they take people who are on 820 visas?

    • Age Pension?

      • No, its Subclass 820 Partner visa

  • Just cancelled the one from nab 2 weeks ago, will I still be eligible?

  • Sucks that they no longer give rewards points when you pay bills with bpay. I need to cancel my NAB cc's, does anyone know of any cards that give you rewards points using bpay?

    • I guess all the bills have options to make payments either via bpay or directly through credit card. Use the options to make payment on the links for the bills.

    • +1

      bpay with zip pay

  • Thanks, was just about to close off my Rewards Signature card (120K bonus FlyBuys points received), will hold off until they approve this one ;-)

    • Wait; you can get 2 credit card in the same bank??

      • +1

        Sure, why not? I’m an existing customer.
        Update: new card approved, cancelled existing card now.
        Rinse and repeat…

        • so the 18 months does not apply here?

          • @borgainerz: … the what now?
            I don’t have time to wait 18 months.

          • @borgainerz:

            so the 18 months does not apply here?

            Do you see that mentioned anywhere in the T&C's ?

            • @timhn: I have it on my NAB Rewards Signature: "This offer isn’t available to existing customers who received NAB Rewards Bonus Points in the last 18 months for a new personal NAB Rewards credit card, or when closing or transferring from another NAB branded credit card account, or in conjunction with other NAB credit card offers."

              but on this one I read this:
              The offers are not available when closing or transferring from another NAB branded credit card account or in conjunction with other NAB credit card offers.

              Not sure how to understand it

              • @borgainerz: Typical in all banks T&C's

                Not available
                "when closing" : offer not available when you have this cc but already closed. Very obvious but their legal department wanted covering all bases.
                "transfer from another" : you could downgrade/transfer from another NAB cc to this but won't get the offer.

  • Similar to ANZ and Commonwealth Bank

    Wonder if it's also similar to these banks with the exclusion period being separate from the FF and reward points card programs. Nothing in the t&c specifically stipulating it.

    • Then it has no exclusion, just like Citibank cc.

  • might be a silly question - but just to be certain, If I've already had a NAB card and got Velocity bonus points (yet to cancel this card), would I still be eligible to get the cashback deal on this card?

    • Can’t find anything on t&c’s regarding this, best to call up and ask

  • This is not bad, I currently use NAB Rewards Platinum Card which is almost up for renewal. I may make the jump to this for the easy $300 then look at canceling to move to another bank for more Qantas rewards.

  • Cash back will be credited to your account within 120 days from account opening if the spend criteria is met.

    Hopefully it doesn't actually take 4 months to get the cashback…

    • … I think the $30 fee is annual for this card, not monthly.
      Though I’ve been thinking strange stuff lately.

      • Yea it's annual but I don't want to have this open for 4 months as I'd prefer to churn

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