NAB Low Rate Business Card

Introductory interest rate

Offer commenced on 4 February 2019. The special introductory interest rate of 0% p.a. on purchases applies for 12 months from the date your account is opened by NAB. Minimum monthly repayments must be made by the due date each month. At the end of the 12 months, any purchase amounts owing will attract the interest rate for purchases that is then applicable to your account, which is equal to the NAB Low Rate Business Card rate advertised on nab.com.au and is subject to change.

Annual card fee waiver

Each Card issued under the Facility has an annual card fee of $60, payable in advance. However, the annual card fee will be waived for the first 12 months from the date the Facility was opened.

For cards opened and used within 12 months from the date the facility was opened, the whole fee, will be credited back to the account and will be processed on the billing account summary in the same statement period in which the fee is charged. The fee will be $60 or a pro-rata amount of that fee based on the number of statement periods (whole or part) remaining from the date of first Use until the next anniversary of the Facility being opened.

For any card issued and/or used after the date 12 months from the date the facility was opened, the first annual card fee will be debited to the Account in the first Statement Period following the first use of the Card. The fee will be $60 or a pro-rata amount of that fee based on the number of statement periods (whole or part) remaining from the date of first Use until the next anniversary of the Facility being opened. 

We will confirm the date the Facility was opened with you in writing.

The subsequent annual card fees for each Card issued and used under the Facility will be debited annually on the statement date immediately after each anniversary of the date the facility was opened.

Vary or End Special Offers

Offers available until withdrawn. NAB may vary or end these offers at any time without notice. Special offers apply to approved applicants only. Any bonus points offer is not available in conjunction with any other new business credit card offer (subject to the express terms of the offer), or where you currently hold or have closed any NAB business credit card, which included a special offer, within the previous 12 months. Offers are not available when closing or transferring from another NAB business credit card account or in conjunction with any other NAB offer.

Interest free days on business purchases

If you pay your closing balance on your monthly statement in full by the due date each month. Excludes cash advances (including bills paid over the counter at a bank, financial institution or post office, purchases of travellers' cheques and transactions for gambling or gaming-related purposes).

NAB Commercial Cards Unauthorised Transaction Insurance

AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631, trading as Allianz Global Assistance (AGA), under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz), has issued an insurance group policy to National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB) which allow eligible persons to claim under them as third party beneficiaries. Access to the benefit of cover under the NAB card insurances is available to eligible NAB account holders by operation of s48 of the Insurance Contracts Act 1984 (Cth).

Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.

This insurance is underwritten by Allianz. NAB is not the product issuer or insurer and neither it nor any of its related bodies corporate guarantee any of the benefits under this cover.

If an eligible person wishes to claim any of these benefits, they will be bound by the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits contained in the group policy as set out in the NAB Commercial Cards Unauthorised Transaction Insurance Policy Information Booklet dated 1 November 2023 (PDF, 152KB), opens in new window which may be amended from time to time. For insurable events that occurred prior to 1 November 2023, please refer to the NAB Commercial Cards Unauthorised Transaction Insurance Policy Information Booklet dated 30 June 2022 (PDF, 340KB), opens in new window.