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NAB Low Fee Platinum Card: 0% P.a. on Balance Transfers for 25 Months No BT Fee ($90 Annual Fee) via Finder

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Hi everyone!

Sharing an exclusive offer for the NAB Low Fee Platinum credit card, which is offering 0% on balance transfers for the first 25 months with no balance transfer fee.

Please note:

This offer is only available to eligible applicants who apply through finder via: https://www.finder.com.au/nab-low-fee-platinum-card-exclusiv… This card usually charges an upfront 2% balance transfer fee.

Card features & info
  • 0% p.a interest on balance transfers for 25 months with no balance transfer fee. Reverts to cash advance rate of 21.74% p.a.
  • Ability to transfer up to 90% of your approved credit limit from Australian credit or store cards not issued by NAB
  • Annual fee of $90 and purchase rate of 19.74% p.a.
  • 7 complimentary insurances from QBE: overseas travel, interstate flight inconvenience, transport accident, purchase protection, extended warranty, price protection and domestic hotel burglary insurance
  • Offers platinum privileges including the 24/7 NAB Concierge Service by Visa Worldwide and Visa Premium Access
Eligibility for this deal
  • You must be at least 18 years old
  • If you are not an Australian citizen or permanent resident, you will need to provide the last overseas address you lived in, along with other details of your residency status in Australia
  • For new NAB Low Fee Platinum customers (you can be an existing NAB customer with a different card) who request a balance transfer at the time of application

This is an exclusive deal via https://www.finder.com.au/nab-low-fee-platinum-card-exclusiv…

Related Stores

Finder
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Third-Party
National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • Isn't this risky for the bank to offer?

    I mean, what stops people from getting the biggest balance transfer possible, then sticking the proceeds into 2-year term deposit account. Pay off the card after 2 years and pocket the difference…

    • +2

      the effort required to do that.

      • +1

        Yeah, I know… even at $20,000, you will make like $1,000 at most but still. I'd find it amusing getting interest free loan from NAB for 2 years and using the proceeds to make term deposit with the same bank.

        • % of the cash WDL balance will kill off any potential benefit.

          • @[Deactivated]: Yeah, but if you make balance transfer to credit card which is fully paid off, your credit card will be in debit and there shouldn't be any fee when withdrawing debit balance.

        • In most cases people should aim for a nominal return of >3%.

          Therefore, a better investment is to take an amount you are able payback in 24 months and invest in a diverse portfolio.

          That stated you really should not be investing with money you do not have even when it is low risk.

          • @Atazoth616: It will cost a credit check as well ongoing commitment of credit when applying for something bigger (ie. Mortgage).

            Personally would rather bonus QFF points.

    • Can this balance transfer be paid into a bank account? I thought only Citibank offers that. Most other banks' balance transfer can only be paid into another credit card.

  • -4

    @OP

    Where's your Aust Credit License please?

    • +3

      In the footer of the page they've linked to on their website.

      • -3

        Happy to be corrected. Aust credit license number need to be quoted in the same "document" where credit is offered. A mere link is not deemed suspicion.

        Would be nice for those negged to provide rationale.

        • +1

          Oh go away.

  • +1

    500 NAB shares fee free credit card yatayatayata .. :-) .. !!

    https://www.nab.com.au/about-us/shareholder-centre/sharehold…

    So you may as well get a more expensive card if you qualify ….

  • +1

    @OP We need some high signup bonus points from NAB please. Preferably velocity

  • Ok it can’t be an NAB CC. Noted.

  • @OP
    Any CC with points plus 0% balance transfer offer?

  • +1

    I regularly do interest free BT and earn interest off the proceeds but Nab gave me like a $4k limit last time so I wont be applying again.

    • +1

      Yes, low limit cards are not good for "professional" BTs. The low rate credit cards are in general geared towards lower end of the spectrum so the credit limits are not that high to begin with. Top end cards have higher limits (though with higher fees).

      Wait till the start of next year, all credit limits will decrease considerably as new regulation is coming.

      https://www.finder.com.au/how-the-new-credit-card-rules-will…

    • did you manage to get the BT funds from NAB paid into your bank account last time?

      • I cancelled the card as soon as I found out the limit. Now its just sitting on my credit record.

  • +1

    What kind of credit limits are people getting from these now? I don't want to add this to my credit history without knowing it's a decent offer.

    • Last time I applied I got a limit of 6K for platinum from NAB.

  • Is this offer still available? The link redirects you to a NAB "maintenance" page.

    • Yep, the offer is definitely still available.

      Currently, there is no specified end date for this exclusive offer, but it could be withdrawn by NAB at any time.

  • That was quick, got approve instantly. I guess probably I am an existing NAB customer…

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