NAB Credit Cards Interest Rates Drop

NAB Credit Cards Interest Rates Drop

24 February 2009

The National Australia Bank has announced its latest interest rate cuts on its credit cards with cardholders particularly excited about the new low 10.99% rate on the NAB Low Rate Visa Credit Card.

The interest rate change for NAB Credit Cards will be effective from Tuesday 24th February 2009 with changes announced as follows:

• NAB Standard Card from 18.24% to 17.89% (-0.35%)

• NAB Gold from 18.24% to 17.89% (-0.35%)

• NAB Low Rate Visa Card from 11.75% to 10.99% (-0.76%)

• NAB Visa Mini from 18.99% to 17.99% (-1.00%)

• NAB Qantas Platinum from 18.99% to 17.99% (-1.00%)

• NAB Qantas Gold from 18.99% to 17.99% (-1.00%)

• Velocity NAB Standard from 18.99% to 17.99% (-1.00%)

• Velocity NAB Gold from 18.99% to 17.99% (-1.00%)

• Velocity NAB Business from 18.00% to 17.00% (-1.00%)

NAB credit cards are available through both MasterCard and Visa Credit Cards with a diverse range of credit card products that have a numerous benefits and extras.

Of all NAB's credit cards, the NAB Low Rate Visa Credit Card has become of a particular focus with the new low 10.99% interest rate in addition to its 0% p.a. fee on balance transfers and up to 55 days interest free.

With customer satisfaction being of high priority, all NAB online credit card applications receive a response within 60 seconds of being submitted, giving customer quicker access to their low interest rates and offers.

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