NAB announces Interest Rate Cuts of up to 1%

24 February 2009

The National Australia Bank has announced another interest rate change for NAB Credit Cards which is to be effective from Tuesday 24th February 2009. The interest rate cuts range from 0.35% to a full 1% cut, with the NAB Low Rate Visa Credit Card interest rates dropping to a low 10.99%.

The interest rate cuts on the NAB credit cards are as follows:

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

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

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

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

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

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

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

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

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

This latest interest rate cut has made customers of the NAB Low Rate Visa Credit Card experience even greater benefits with cardholders already having up to 55 interest free days and 0% p.a. fee for up to 6 months on balance transfers.

The National Australia Bank is the 28th largest financial institution globally and Australia's largest bank with partnerships with MasterCard and Visa Credit Cards to offer customers great security and benefit with their credit cards, in addition to the low interest rates.

Back to News Index | Back to Home