NAB Low Rate Business Credit Card

NAB Low Rate Business Credit Card


  • 12 months at 0% p.a. on purchases. Reverts to variable purchase rate of 13.25% p.a.
  • Low ongoing 13.25% p.a. rate on purchases and cash advances.
  • No annual fee for the first year.

Pros and cons


  • The 0% special introductory interest rate offer on purchases.
  • $0 annual fee on the first year ($60 p.a. thereafter).
  • Low interest rate on cash advances and purchases.
  • Up to 55 days on business purchases.


  • No travel insurance.
  • Doesn't earn rewards points.

Our review


Customer service

Rates and fees



Just because you’re operating a business, it doesn’t mean that you can’t make good use of a credit card with a low interest rate for fuss-free cash flow management. You may never need to use the low interest rates attached to the NAB Low Rate Business Card, but they will always be there, your safety net to manage temporary liquidity glitches without having to endure the delay of a time-consuming loan application process.

And yes, it’s low interest ‘rates’, not ‘rate’. Remarkably, there’s a low cash advance rate as well as a low purchases rate, and the purchases rate is, in fact, 0% p.a., and the annual fee $0 for the whole of the first year.

13.25% p.a. ongoing purchases interest rate

If everything goes according to plan, you may never need to pay any interest on your business purchases. You can extract every last cent of benefit from the up to 55 interest-free days allowed every month by timing payment of your business creditors to occur right at the beginning of the billing cycle. Pay the full balance owing on the due date each month, and you will never incur interest charges.

Suppose the day arrives when you need some temporary leeway because your working capital won’t quite stretch to cover a major purchase in the short term or because a significant debtor, important to your business, has asked for extra time to pay. In that case, you can turn to this card to keep your business ticking over because its interest rates are relatively reasonable.

As a successful business person, you will already know that a credit card, however low its interest rate, can only be a temporary solution. Long-term working capital needs are best met via a bank loan or overdraft

Cash advance rate is also a low 13.25% p.a.

It’s unusual to find a credit card, especially a business card, with a low cash advance rate to match its low purchase rate. In this case, a 13.25% p.a. cash advance rate delivers extra flexibility. The business principal, and any staff members who are cardholders on the account, will have the added security of knowing that they have instant access to cash for business purposes should the need arise.

Remember, however, that interest on cash advances is charged from the transaction date until the full repayment date. There are no interest-free days on cash advances.

Introductory 0% interest rate on purchases

Here’s another working capital facility you may wish to use. During the first year, you will not incur any interest on purchases. At the end of each billing cycle, you may choose to make only the 2% minimum monthly repayment without incurring any interest charges.

After 12 months, you may have generated an extremely large balance (which still needs to fit within your credit limit). So you will need to make plans well in advance to ensure you have the cash on hand for full repayment, otherwise even the relatively low interest rate applicable will still become a burden that may harm your business.

No annual fee in the first year

NAB will waive the annual fee to make that first year even more agreeable. In the second and subsequent years, you’ll pay a very manageable $60.

Attach multiple cards with individual limits

Unless you’re a one-person business, you’re going to need more than one card on the account. You can have four additional cards, free of charge, for your spouse or trusted employees to use for business purposes.

You can set an individual credit limit for each card and receive further protection with free NAB Commercial Cards Unauthorised Transaction Insurance.

Every month you will receive individual statements detailing the transactions made by each cardholder, as well as an overall summary statement for the total card account.

Put your business name on your card

A business needs to take every opportunity to promote its existence. You can add your business name to your card to reinforce your professional identity.

Easy application process

To make it easier to apply for the card, you can upload your financial data into the card application, from any software package. If your accounting software happens to be MYOB or Xero, the process is even easier since either you or your accountant can connect NAB to your financial data via a secure login.

Business eligibility

To apply, you must be an Australian citizen or resident. And for this business card, you must be a sole trader, a partnership, a company, or a trustee with an ABN and registered for GST. Your annual turnover needs to be at least $100,000, and you need to have been in business for at least a year.

Flexible cash flow management for small business

This card could provide you with the only working capital standby your small business will ever require. The low purchases and cash advance interest rates offer a fallback arrangement in times of temporary need without having to apply for a bank loan in a situation where speed may be essential. For a young business, the 12-month-long waiver on purchases interest and annual fees could facilitate expansion, and the monthly statements will always be a useful tool for expense analysis and control.

Yvonne Taylor

Reviewed by Yvonne Taylor

Lead Product Analyst

User reviews


Customer service

Rates and fees



This product has not been reviewed yet. Click here to write your review and help others make a better decision.