NAB Low Fee Platinum Card

NAB Low Fee Platinum Card


  • 24 hour, 7 day Platinum Concierge Service.
  • 12 months at 0% p.a. on balance transfers (3% balance transfer fee applies). Reverts to variable cash advance rate of 21.74% p.a.
  • Access to six complimentary insurances when you make an eligible purchase.

Pros and cons


  • 12 months at 0% p.a. on balance transfers (3% balance transfer fee applies). Reverts to variable cash advance rate of 21.74% p.a.
  • Low ongoing $90 annual fee.
  • Complimentary insurance including international travel insurance.
  • Access to the 24 /7 NAB Concierge Service.


  • There's a 3% fee on balance transfers.
  • You can't earn rewards points with this card.
  • Up to 44 days interest-free, which is shorter than the 55 days on many other cards.

Our review


Customer service

Rates and fees



Having a platinum credit card with lots of complimentary benefits can be a great money-saver, but its appeal can be significantly reduced if there’s a high annual fee attached to the card. So it’s refreshing to find a card like the NAB Low Fee Platinum Card, with extensive complimentary insurance cover and a concierge service, but without an inflated annual fee.

Find out everything that comes with this offer, from low rates and fees to insurance and concierge services, in our comprehensive review.

$90 p.a. is a moderate charge for a card loaded with platinum benefits

The very reasonable $90 annual fee makes this a worthwhile option for anyone not looking for the rewards points that are often offered in tandem with platinum benefits, with an inevitable upward effect on the annual fee.

Interstate or overseas travellers in particular will be able to extract a value from the card far in excess of its cost, courtesy of the complimentary travel insurance.

There’s also no cost for a supplementary card on the account, for example for your partner.

Short but potentially useful 0% p.a. balance transfer offer

Have you maxed out your existing card, to a point at which you are seriously doubting your ability to get out of debt in the foreseeable future?

In a situation like this, 12 months of breathing space, obtained by transferring the debt to this card, could be a great help. No interest will be charged on the transferred balance for 12 months, meaning that every dollar of your repayments is dedicated to reducing the debt principal instead of being eroded by interest.

For example, if you have accumulated a $10,000 debt on your existing card, on which you are paying interest at 20% p.a., you will save a $990 in interest charges over 12 months by transferring it to this card.

There is, however, a 3% balance transfer fee to be paid upfront, which effectively reduces your saving to $790.

Beware the revert rate

It’s best to use the 12 month-long absence of interest charges as an incentive to apply as much of your spare cash as possible to reducing the debt. That’s because the revert interest rate, applied to any balance remaining after 12 months, is the high cash advance interest rate, a punishing 21.74% p.a. It’s not unusual for a revert interest rate to be this high, and revert rates always need to be avoided if possible.

Immediate platinum benefits if you forego the balance transfer

One of the downsides of having an unpaid balance transfer is that you’ll temporarily forfeit the up to 44 interest-free days normally allowed on each month’s purchases. Instead, the standard purchases interest rate of 19.74% p.a. will be applied immediately on each purchase transaction.

This makes it unlikely that you’ll use the card for purchases until the balance is cleared, meaning that for the first six months you’ll miss out on all the complimentary benefits promised in the card’s title. The word ‘Platinum’ is there for a reason, because the extensive built-in advantages are:

  • Comprehensive overseas travel insurance, which provides cover for the cardholder and accompanying spouse and dependent children, activated by using the card to cover at least $500 of pre-paid trip expenses.
  • Interstate flight inconvenience insurance, covering travel and luggage delay, unavoidable trip cancellation and rental vehicle insurance excess, activated by paying for return airfares using the card.
  • Transport accident insurance, providing compensation for serious injury on a plane or public transport, both in Australia and while travelling overseas, when fares are paid with the card.
  • Domestic hotel burglary insurance (exclusive to NAB cards), covering loss, theft or damage to personal items in a locked Australian hotel room, where payment for the accommodation was made or secured using the card.
  • Purchase protection insurance, covering major purchases made using the card, against loss, theft or damage, for three months.
  • Extended warranty insurance, doubling the manufacturer’s warranty, up to a maximum of 12 additional months.
  • NAB concierge service to assist with recommendations and bookings for travel, dining and entertainment, at any time, anywhere in the world. More about what credit card concierge services can do here.
  • Visa Premium Access for special discounts and privileges, including reserved tickets to the hottest events before they go on general sale.

Low-fee but not low-tech

You could be forgiven for thinking that NAB might cut corners on the technology for a card laden with platinum benefits, but costing only $90 per year, with no charge for an additional cardholder. But that is not the case. You can still enjoy all the latest technology and security that comes with more expensive cards, including:

  • NAB Pay for Android, converting your phone into a Tap & Pay digital wallet. Once approved you can download the app, and you don’t even need to wait for your new plastic card to arrive in the mail.
  • One Touch ID fingerprint log-in on your phone.
  • Block and unblock your card instantly if you temporarily mislay it.
  • Control permitted transaction types with a swipe, turning payWave, overseas or online transactions off or on.
  • Apple Pay, Google Pay and Samsung Pay are also available.
  • NAB Defence, always on the lookout for suspicious transactions, your protection against fraud.
  • Verified by Visa, another layer of online security to ensure that the purchaser is really you.
  • 24/7 global emergency assistance by phone, if your card is lost or stolen.


The NAB Low Fee Platinum Card is one of the cheapest benefit-laden cards currently available.

Regular travellers in particular will be able to make good use of this card’s complimentary insurance policies. $90 is a very low fee to pay for insurance benefits worth an estimated $1,370 per year. Even if you do take up the balance transfer option, when your balance is paid off those enticing platinum benefits will still be waiting.

Yvonne Taylor

Reviewed by Yvonne Taylor

Lead Product Analyst