NAB has just launched a new Credit Card - NAB StraightUp Card with the tag line being "No interest, late payment fees or foreign currency fees, just a simple monthly fee".
The NAB StraightUp Card has no interest charges. The annual interest rate is 0% (Zero percent). This means you’ll never be charged interest on your account as per their PDS.
No use, no pay: If you don't make any purchases and have an outstanding balance of $0 during the whole statement period, your monthly fee will be reversed.
No foreign currency fees: Save money with no fees on international purchases (online and overseas).
You can choose one of three preferred credit limits when you first apply. Each limit comes with a fixed monthly fee and minimum monthly payment:
- $1000 Credit limit: $35 minimum monthly payment ($10 monthly fee included in your balance)
- $2000 Credit limit: $75 minimum monthly payment ($15 monthly fee included in your balance)
- $3000 Credit limit: $110 minimum monthly payment ($20 monthly fee included in your balance)
Check out the FAQs and PDS on the product page.