National Australia Bank (NAB) Credit Card

By: EconomyWatch   Date: 6 October 2010

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The NAB Credit Card is available in eight different types to fulfill the needs of various income groups. TheNational Australia Bank Credit Card has a sophisticated online application procedure, which can be completed in a matter of minutes by furnishing the necessary details.

National Australia Bank: History

The National Australia Bank, established in 1893, is presently the largest bank in Australia, with more than 8.3 million customers. It recorded cash profits of $4,724 million in 2008.

The National Australia Bank is the 17th largest banking group in the world in terms of market capitalization, with operationsin 10 nations.

NAB Credit Card: Types

NAB credit cards come with free add-on cards and travel assistance. The wide range of cards on offer has distinct features, such as:

 

NAB Low Rate Visa Card

  • Economical interest rate of 10.99% per annum on purchases.

  • Interest free credit for a maximum of 55 days.

  • No interest on balance transfer for the first six months after issue.

NAB Visa Mini

  • Lowest membership fee of $24 per annum.

  • Cash back of a maximum of $120 per annum.

  • Purchase protection plus insurance.

  • Interest rate of 17.99% on cash advances and purchases.

NAB Standard Card

  • Low card fee of $30 per annum.

  • Low interest rate on cash advances and purchases at 17.89%.

  • Available in MasterCard and Visa.

NAB Gold Card

  • Credit limit of over $5,000.

  • Complementary foreign travel insurance.

  • Free warranty insurance.

  • Special lost card cover.

Velocity NAB Standard Card and Velocity NAB Gold Card

  • Available as American Express and Visa.

  • Low rate of 3.99% per annum on balance transfer.

  • Special velocity rewards.

  • Interest-free credit period of 44 days.

Velocity NAB Gold Card comes with additional gold card benefits, such as higher credit limit of $5,000, travel insurance andwarranty insurance.

NAB Qantas Gold card and NAB Qantas Platinum Card

  • Rewards with the Qantas Frequent Flyers program.

  • High credit limits of $5,000 and $12,000, respectively.

  • High membership fee of $145.50 and $290, respectively.

  • Purchase protection and warranty insurance.

NAB credit cards also come with the facility of changing the credit limit, transfer to a different credit card and adding/removing add-on card holders.

‘National Australia Bank’ is a trademark of the National Australia Bank Company, who can be found at www.nab.com.au


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