Important Changes to the NAB Low Fee Platinum Card (no longer for sale)

From 20 January 2025, the variable purchase rate for the NAB Low Fee Platinum Card will be increasing from 19.74% to 20.99% p.a.

Credit Card Annual Fees

Accounts opened prior to 1 December 2000 will be charged an annual fee in January each year. Accounts opened from 1 December 2000 will be charged the first annual fee when you accept the credit card agreement and then annually in the same month thereafter.

NAB Rewards Signature Card

Not applicable

NAB Rewards Platinum Card

$195 p.a.

NAB Low Fee Card

$30 p.a.

NAB Low Rate Card

$59 p.a.

NAB Qantas Rewards Signature Card

$420 p.a.

NAB Qantas Rewards Premium Card

$295 p.a.

NAB StraightUp Card

Not applicable

NAB Velocity Rewards Premium Card

$150 p.a.

NAB Velocity Rewards Card

$95 p.a.

NAB flybuys Rewards Card

$95 p.a.

NAB Rewards Classic Card

$95 p.a.

NAB Qantas Rewards Card

$95 p.a.

NAB Qantas Plus Card

$195 p.a.

NAB Visa Mini

$40 p.a.

NAB Low Rate Platinum Card

$100 p.a.

NAB Low Rate Platinum Card
(Previously ‘NAB Low Rate Premium Card’)

$59 p.a.

NAB Premium Card

$90 p.a.

NAB Low Fee Platinum Card

$90 p.a.

NAB Visa One

$30 p.a.

NAB Visa One Fee-Free

Nil

The annual fee is waived for the life of the Package for eligible cards included in a:

  • NAB Tailored Home Loan Package.
  • NAB Choice Package.
  • Private Tailored Package.
  • NAB Introductory Rate Home Loan.
  • Homeowner’s Package.
  • Portfolio Package.
  • Private Portfolio Package

When a package is cancelled/terminated, the annual card fee will be debited after the package ends and then annually in the same month thereafter.

The following cards included in NAB Shareholder’s Benefit will have the credit card annual fee waived:

  • NAB Rewards Classic Card.
  • NAB Rewards Platinum Card.
  • NAB Low Fee Card.
  • NAB Low Fee Platinum Card.
  • NAB Qantas Rewards Card.
  • NAB Qantas Rewards Premium Card.
  • NAB Velocity Rewards Card.
  • NAB Velocity Rewards Premium Card.
  • NAB flybuys Rewards Card.

Credit Card Monthly Fees

A monthly credit fee applies to the NAB Rewards Signature Card and the NAB StraightUp Card.

For the NAB StraightUp Card, the amount of the monthly credit fee will depend on your credit limit.

NAB Rewards Signature Card

$24 per month

NAB StraightUp Card - credit limit is $1,000

$10 per month

NAB StraightUp Card - credit limit is between $1,001 and $2,000

$20 per month

NAB StraightUp Card - credit limit is between $2,001 and $3,000

$30 per month

For the NAB StraightUp Card, the monthly credit fee will not be payable where there is no amount owing and the card has not been used during the relevant statement period.

For the NAB Rewards Signature Card, the monthly fee will be reversed when you spend $5,000 or more in a statement period.

NAB International Transaction Fee

The following NAB International Transaction Fees apply to all credit card accounts, except NAB Visa One Fee-Free, NAB Rewards Signature Card and the NAB StraightUp Card.

International transactions refer to using your card overseas or, using your account in Australia but the goods or service provider (commonly referred to as a ‘merchant’), financial institution or entity processing the transaction is located outside Australia. International transactions are either:

International transactions are transactions where the merchant, financial institution, or entity processing the transaction is located outside Australia. These transactions are either:

  • Single-currency international transaction: where the transaction is made in Australian dollars (AUD).
  • Multi-currency international transaction: where the transaction is made in a currency other than Australian dollars (AUD).

Visa Card Scheme

Transaction type

NAB International Transaction Fee

Single-currency transaction

3.5% of the Australian dollar amount is charged when the international transaction is posted (completed) to your account.

Multi-currency transaction

3.5% of the Australian dollar amount is charged when the international transaction is posted (completed) to your account

Cash Advance Fees

Cash Advance fees apply to all credit card accounts, except NAB Visa One Fee-Free.

Note: Cash advances aren’t allowed on the NAB StraightUp Card.

For Cash Advances you’ll be charged a percentage of the Cash Advance (in Australian dollars) or the minimum fee, whichever is the greater.

For Cash Advance transactions if after NAB posts the Cash Advance transaction and any other purchases or payments for that processing day, the balance of the account is in credit, the Cash Advance fee won’t be charged.

Note: NAB posts purchases and Cash Advances in that order to your account before posting payments and refunds.

  Cash Advance amount Minimum fee
All channels
Cash Advance amount
3%
Minimum fee
$3.00

Note: In the case of Cash Advances made in currencies other than Australian dollars, the Cash Advance amount used to calculate the Cash Advance fee is the Australian dollar amount posted to your NAB Credit Card account.

You may be charged by the ATM owner where you make a Cash Advance using an ATM in Australia that doesn’t belong to NAB.

Late Payment Fee

$15 - Debited monthly (if applicable) on or after the day when an amount that is due for payment is not paid on or before its due date, if the balance of the account is $50 or more at the time the fee is debited.

Other product fees and charges

Our Guide to Fees and Charges (covers the fees and charges that may apply to your personal products and services other than those specifically for lending (i.e. personal loans, credit cards, home loans and lines of credit).

Home loans and lines of credit fees and charges

NAB Personal Loan fees and charges

Important information