NAB Credit Cards

You can’t go wrong with any of the credit cards offered by NAB (National Australia Bank). As you compare credit cards from this bank, you will find a variety of options including those for individual consumers and business owners with a range of offers including balance transfers, rewards programs and complimentary insurances. Like any credit card, you need to determine which features are most important to you. Are you interested in a low interest credit card? How about one with a rewards program? These are the types of details that can make or break your decision.

Help with Choosing an NAB Credit Card

Choosing the right NAB credit card comes down to one thing: knowing your options. The National Australia Bank does a great job offering at least one credit card for every type of person. No matter your income, age, or financial situation, you will find at least one card from NAB that meets your wants and needs. To make an informed decision, consider these points before making your final decision.

• Special offers – In addition to its traditional offerings, NAB runs various special offers from time to time aimed at prospective new customers. For example, you may find a card that offers a lower than usual balance transfer or purchase rate. Other offers may give you a points bonus upon sign up or after spending a certain amount of money.
• Visa or American Express – NAB offers both, so make sure you are aware of what each company has to offer. These providers are similar in many ways, but there are subtle differences that you may pick up on. For example, Visa is accepted practically anywhere around the world whereas AmEx is accepted in fewer locations. Also, some retailers may charge a surcharge just for using AmEx. On the upside, American Express cards typically offer a better earn rate than their Visa (or MasterCard) equivalents.
• Compare NAB’s cards against other banks – The more time you spend comparing what’s available from NAB with credit cards from other banks, the better off you are going to be. A brief description of each option, complete with detailed features, will give you a clear idea of what you are getting.

Pros

• Several options catering to a wide variety of consumers – Are you searching for a low annual rate credit card? Do you need one that offers a low rate on balance transfers? Perhaps you travel a lot for business and would like a card that rewards you with frequent flyer points and offers some additional travel insurance? NAB offers cards in all these areas plus others – there’s something for everyone.
• Rewards and extras – While not true with all credit cards from NAB, many of them come with additional features that are sure to please. Some of the most popular include: purchase protection insurance, complimentary travel insurance, complimentary extended warranty insurance, and lost card coverage. The level of cover is, of course, better with their gold and platinum level cards.
• Variety of business credit cards – Why use a personal card for business use? With NAB you can get something that is perfect for your organisation. Choose from a range of credit cards, purchase cards and corporate purchasing cards.

Cons

• Annual fee on every credit card – NAB charges an annual fee on all its cards. Fees range from $30 to nearly $300 per annum for platinum level cards with rewards and insurance. Are you willing to pay this amount for the ability to use a credit card? While the annual fee is a definite downfall, don’t overlook the benefits that you get in return.
• Low credit limits – While this is based largely on your credit history and income, don’t be surprised if NAB starts you out with quite a small credit limit, especially with their standard credit cards.