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Key information about your NAB credit card
How does interest work?
When interest is applicable, it is incurred daily and charged at the end of your statement period.
Can I change my card limit?
You can reduce your credit limit online or by calling. You'll need to apply to increase your credit limit.
What do I need to pay?
You will need to make at least the total minimum payment shown in your statement each month. You can choose to pay more to reduce your outstanding balance amount and the total interest you pay.
How do I minimise interest?
Reducing your outstanding balance can help you reduce interest. You can also avoid interest by paying your closing balance during your interest free period.
What other fees are there?
The key fees and charges are set out in your offer details. Your terms and conditions tell you how we'll let you know if these change.
I've got another question
We know that all sorts of things can come up along the way. We've covered these off here.
Some things to watch out for
Interest
- Interest free periods don't apply to cash advances.
- Cash advances typically have a higher rate of interest than normal purchases - so you should only consider using them when absolutely necessary.
- If your balance transfer has a promotional interest rate for a period of time, the interest rate will revert to the higher variable cash advance rate once that period finishes. You should aim to pay off the balance before the end of that period to avoid a higher interest rate.
Payment cycles
- You need to make at least the total minimum payment on the date shown on your statement. Consequences for paying late include late payment fees, and a negative impact on your credit score.
- Any payments you make after your last due date and before we issue your next statement won't count towards the total minimum amount on your next statement.
- You can pay more than the total minimum payment to reduce your outstanding balance and the amount of interest you pay.
International transactions
- If you purchase something online in Australian dollars but the transaction is processed overseas, you'll be charged an international transaction fee.
- When buying something overseas, even if the merchant gives you the option of paying in local currency or in Australian Dollars the amount in Australian Dollars will still be charged an international transaction fee.
- You can check the exchange rate to determine which option is better for you.
Are you having trouble making repayments?
Visit our Financial Hardship page to find out how we can help.
Other relevant terms and conditions
Important information
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