The Largest Food & Beverage Importers Directory
Subscribe   |   Log In   |   Help   |  
Home > Marketplace > Business Services
 
NAB Credit Cards

Credit cards

 Can I transfer funds from my other NAB accounts to my NAB credit card accounts?
You'll find transferring funds between accounts is fast and easy with a NAB credit card. Upon successful application, you'll receive your NAB Identification Number (NIN), which is located on the back of your NAB credit card. This gives you access to NAB Telephone Banking and NAB Internet Banking1 - register by calling 13 22 65, 8am - 8pm EST, Monday to Friday.

Top of Page

 Where is the 3 digit security number on my card?
It is located on the back of your credit card, and is the last three digits of the number that appears in the signature field of your credit card number.

Top of Page

 How is interest calculated?
Interest for a statement period is calculated by applying the relevant daily percentage rate(s) (the account's annual percentage rate/s divided by 365) to the total "aggregated balance" of the account for that period. The daily percentage rate(s) can be found on your card account statement.

This means that the aggregated balance includes purchases, cash advance and special balances, and any interest charges shown on a statement of account which are outstanding.

Interest on each component (purchase, cash advance, and special) is calculated separately and then added together.  Interest that is shown on a statement of account which is outstanding is calculated on each component at the rate applicable to that component. 

Fees are not included in the aggregated balance and are not subject to interest charges. 

To find out more about interest and how it is charged to your NAB Credit Card account, download the Facts about Credit Card Interest brochure.

For a complete explanation of how credit card interest is calculated refer to the terms and conditions for your credit card account.

Top of Page

 What can I do to avoid or reduce my interest charges?
You can avoid or reduce interest charges by:

  • using a credit card with an interest free period for purchases
  • always paying off the full closing balance of your last statement by the payment due date (within cut off times)
  • avoiding cash advance and cash equivalent transactions (as these generate interest as soon as they are assigned to your account)

Top of Page

 What additional fees are there?
You can obtain a copy of the Guide to Fees and Charges - Personal brochure by:

  • Visiting the Personal Banking and Fees and Charges section of this website to view or download a copy.
  • Visiting your local NAB branch and requesting a copy.
  • Calling 13 22 65 8am - 8pm EST Monday - Friday and requesting a brochure to be mailed to you.
  • Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page

 What types of insurance are provided with my credit card?
There are a range of benefits available depending on what type of credit card you have.

For NAB Visa Standard Card, NAB Standard MasterCard, NAB Low Rate Visa Card, NAB Ant American Express Card with No Annual Card Fee, NAB Visa Mini, Velocity NAB Standard Cards and NAB Ant American Express Card with Rewards:

For NAB Gold cards, NAB Gold Rewards cards, NAB Qantas Gold Card, NAB Gold Ant American Express Card with Rewards and Velocity NAB Gold Cards:

For NAB Qantas Platinum Card:

Top of Page

 How does NAB apply responsible lending to credit limit increases?

We apply responsible criteria to our lending to ensure, as much as we can, that we only lend to people who we believe will be able to repay the credit card debt. We also make available helpful tips and provide advice to our customers on how to better manage their credit card debts.

  • We will not offer our customers a credit card limit increase if they have had a recent poor credit performance or if they are experiencing difficulties in meeting repayments on their NAB credit card.  Examples of this could include:
    - Missed payments
    - High cash advance usage
  • Our credit card limit increase selection criteria requires our customers to pass through a series of filters before we will offer them a credit card limit increase.  Customers who are bankrupt, deceased, fraudulent, have a lost/stolen credit card, known to be in financial hardship, known to be unemployed or a pensioner are excluded from any credit limit increase offer.
  • We will not send our customers a credit card increase offer if they have recently increased their credit limit.
  • We provide our customers with information about easy methods to reduce their credit card balance such as paying more than the 'minimum payment'.
  • We ensure the minimum monthly payment is not less than 2.5% of the outstanding balance (Unless they are in financial difficulty and we are assisting with reduced payments or have accepted a special offer where for a specified period either no interest or a concessional interest rate is charged and/or no repayment is required.)

Top of Page

 What General Information does NAB offer on debt management?

With every credit limit increase offer we include the following information for our customers:

  • How much the minimum monthly repayment would increase if the customer accepts the offer and spent up to their maximum credit limit.
  • Recommend that the customer rejects the offer if their personal circumstances have changed and they are unsure whether they can meet the required minimum monthly repayments.
  • Clear information on how the customer can request a lower credit limit than what is being offered and that they can reduce their credit limit at any time.
  • Tips on how to manage their credit card account responsibly including increasing payments and highlighting that credit limit increase offers are optional.
  • Encourage our customers to call us on 13 22 65 if they feel they are struggling to manage their repayments. Our debt management specialists can offer tailored advice and offer flexible restructuring of payment plans.

Top of Page

Applying for a credit card

 How can I apply for a NAB credit card?
There are many ways to apply for a credit card. You can either:

  • Apply online - go to the credit card homepage or cards comparison, choose a card that suits your needs and click on the 'apply now' button. 
  • Apply over the phone - call 13 13 12, 8am - 8pm EST Monday to Friday or 8am - 5pm EST Saturday and Sunday, and a customer service agent will work through the application with you over the phone.
  • Apply in person - visit your nearest NAB branch and fill out the application form with a customer service agent.
  • Apply by post - either collect a form from your nearest NAB branch or call 13 13 12, 8am - 8pm EST Monday to Friday or 8am - 5pm EST Saturday and Sunday, to have a form sent to you. You can then fill out the form and return by mail.

Top of Page

 How long does the application process take?
Assuming the application is correctly completed:

  • For Internet applications, you will receive a response within 60 seconds.  In some cases, we need more information to process your application, and we will contact you within 5 business days.  Then, please allow for 3 - 5 business days for you to receive your card, should your application be successful.
  • Paper applications will be processed 4 business days from receipt. If you apply at a NAB branch, this is treated as a paper application.  If you post your application please allow up to 10 business days then 3  - 5 business days for you to receive your card, should your application be successful.
  • If you apply over the phone you will be notified of an outcome within 24 hours of your application.  You should allow 3  - 5 business days to receive your card, should your application be successful.

Top of Page 

 How do I apply online?
Go to the credit card homepage or our cards comparison, pick the credit card that suits your needs and click on the 'apply now' button.

Top of Page 

 How can I check on the status of my application?
To check on the status of a current application you can either call 1300 361 138, 8am - 8pm EST, Monday to Friday or go into your local NAB branch and make an inquiry at the information desk.  If you applied using the online application, please ensure you quote the Application Reference Number in your confirmation email.

Top of Page 

Managing your credit card

 How much do I need to pay from my monthly statement?
Your statement will show your minimum payment - you may always pay more.  Your monthly payment is calculated as 2.5% of each component (purchase, cash advance) of the closing balance or $10, whichever is greater.  You will also need to pay any past due or overlimit amounts. 
 
If your statement has a closing balance of less than $10, the minimum payment will be the closing balance.

Top of Page 

 How do I avoid a late payment fee?
You can avoid a late payment fee by making the required payment shown on your statement by the due date every month.

Top of Page 

 What is a Purchase Authorisation?

When your credit card is swiped or your credit card details are manually entered, the system sends an approval and a hold is placed on the amount of funds required to complete the transaction. This is known as a purchase authorisation and it will reduce the amount of credit available on your account by the amount of the initial transaction. A purchase authorisation will appear in your Internet/Telephone Banking after every purchase you make with your credit card.

A purchase authorisation will keep a hold on funds for up to 5 business days. If the merchant does not process their banking within this timeframe, the hold will be released and the funds will become available again. Once the merchant has completely processed the transaction, the purchase authorisation will be removed and the correct description, merchant name and final transaction amount will appear on all electronic banking systems and on any future credit card statements. Note: merchants do have up to 6 months to finalise and bank a transaction.

Top of Page

 How do I advise NAB of an unauthorised or unknown transaction on my NAB credit card account?
If you want to report an unauthorised or unknown transaction on your NAB credit card account, you can either call us on 13 22 65, 8am - 8pm EST, Monday to Friday, or visit the Manage your credit card page for more information and to download the purchases disputed transaction advice form, which you can post or fax to NAB to process. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page 

 How can I obtain or reset my NAB Telephone Banking password?
To register for NAB Telephone Banking or to reset your password, call 13 22 65, 8am - 8pm EST, Monday to Friday. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

 

 How do I set-up NAB Internet Banking?
You need to be registered for NAB Telephone Banking first. Call 13 22 65, 8am - 8pm EST, Monday to Friday and have your NAB Identification Number (NIN) ready. You will be issued with a PIN that will allow you to access both NAB Telephone Banking and NAB Internet Banking. Go to the Internet Banking page to register for the first time. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page 

 How do I change my credit limit?
You can apply to increase or decrease your credit limit by filling out the form available in the Manage your credit card section of this website and sending it to us. Credit limit increases are subject to NAB's credit assessment criteria. If you need to request to decrease your credit limit urgently, please call 13 22 65, 8am - 8pm EST, Monday to Friday. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page 

 How do I add or remove an additional cardholder from my card account?
Visit the Manage your credit card section of this website to download the PDF form to request another person as  an additional cardholder on your account. The additional cardholder must be over 16 years of age, and all transactions are the responsibility of the primary cardholder.

You can request to remove an additional cardholder by calling 13 22 65, 8am - 8pm EST, Monday to Friday. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page 


How can I order a replacement credit card?
You can visit your nearest NAB branch or call customer service on 13 22 65, 8am - 8pm EST, Monday to Friday. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Top of Page

 What do I need to do when my credit card is about to expire?
You will automatically be sent a replacement credit card to the address that NAB holds for you, one month prior to your expiry date.  However in some cases the credit card will be delivered to a branch. If this is the case you will be notified by a letter to advise which branch your credit card will be delivered to. The same PIN applies if you currently have one.

Top of Page 

 What do I do if my credit card has expired?
If you haven't received your replacement card in the mail, call 13 22 65, 8am - 8pm EST, Monday to Friday, and advise the customer service agent. Platinum Cardholders call 1300 730 213, 24 hours, 7 days

Alternatively, if you are an Internet Banking customer, you can send a secure message to us through our Internet Banking message service. Find out more.

Top of Page 

 What do I do if my card has been lost or stolen?
If your card has been lost or stolen call 1800 033 103 (within Australia) or +61 3 8641 9083 (from overseas) 24 hours, 7 days a week.

Top of Page 

Travelling with your credit card

 What are the fees when I use my credit card overseas?
For cash advances via overseas ATMs you will be charged a minimum fee of $4 or 1.5% of the Australian Dollar cash advance amount posted to your credit card account, whichever is greater. Internet or Telephone Banking transactions will be charged at a minimum fee of $1 or 1% whichever is greater per cash advance transaction.  Please refer to A Guide to Fees and Charges - Personal Banking Fees on the rates, fees and charges section of this website for the fees applicable to cash advances via other channels. 

Transactions on your NAB credit card conducted in other currencies (whether they originate overseas or in Australia) also attract a NAB Foreign Currency Processing Fee.  Please refer to the Guide to Fees and Charges for details of this fee.

Top of Page 


Can I access my linked accounts on my NAB credit card at an overseas ATM?
For all NAB credit card products except all NAB American Express Cards, you can access your linked accounts, as long as your account is linked before you start your travel and providing the ATM gives you the option to select cheque or savings.

Top of Page 

 How do I make a payment to my credit card while I'm away?
There are a number of options:

  • NAB Internet Banking - Register before you go and you can conveniently transfer money between your NAB transaction accounts and your NAB credit card account.
  • NAB Telephone Banking - Use NAB Telephone Banking from overseas to pay your bills or make credit card payments. To call from overseas dial +61 3 8641 9083. This is not a collect call, so costs will be incurred by yourself.
  • Direct Debit - You can also instruct NAB to take a direct debit from a nominated account to pay your NAB credit card account. Download and complete the form in the Manage your credit card section of this website.
  • Telegraphic transfer - To make a telegraphic transfer to a NAB credit card from overseas you will need to supply the following information to the financial institution you are using overseas:

Your credit card number
National Australia Bank Limited
5th Floor, 383 King Street
West Melbourne VIC 3004
Australia
SWIFT Address NATAAU3303M

The incoming payment will be processed by International Payments into the credit card account you supply. A $5 fee will be charged per transaction. The overseas financial institution may charge a fee directly to you to process the transfer.

Top of Page

Can I use a non-chip credit card in other countries?
Yes. A credit card without a chip can continue to be used in the same locations as a chip credit card. However, in some countries you may be asked to use your PIN instead of signing to authorise your purchase or you may even be asked for both a PIN and a signature. For this reason, we recommend that you always know your PIN when travelling overseas.

Travelling to the UK and Europe - Customers travelling to the UK or Europe should not be concerned about card acceptance if they have a non-chip credit card. Merchants should continue to accept foreign-issued, non-chip cards. In addition, payment terminals being used in the UK and Europe can identify a non-chip card. When the card is inserted, the terminal will know if a PIN or signature is required and will provide prompts accordingly. If you encounter a problem with a merchant, you can ask them to swipe the card and follow the prompts on the terminal.

If you require further assistance when overseas please call:
Visa Global Customer Assistance: +1 443 641 2004
MasterCard Global Assistance: +1 636 722 7111
American Express Global Assistance: +61 2 9273 2730

Top of Page

  1. Terms and conditions apply and are available upon registration for the service. Fees and charges may be payable.
  2. Purchase Protection Insurance for NAB Visa Standard, NAB MasterCard, Velocity NAB Visa Cards and NAB Visa Mini cardholders is issued by Zurich Australian Insurance Limited ABN 13 000 296 640, AFSL 232507, of 5 Blue Street, North Sydney, NSW 2060. The terms, conditions and exclusions of Purchase Protection Insurance are specified in the Purchase Protection Insurance Policy Document [PDF 104kb] and may be amended from time to time.
  3. National Australia Bank Limited has obtained Purchase Protection Insurance, Extended Warranty Insurance and NAB Gold Overseas Travel Insurance under Master Policies issued by American Home Assurance Company ABN 67 007 483 267, AFSL 230903. The benefits of Purchase Protection Insurance, Extended Warranty Insurance and NAB Gold Overseas Travel Insurance are extended to all NAB Gold cardholders. The terms, conditions and exclusions for these insurances are specified in the NAB Gold Insurance Policy Document and may be amended from time to time. Please note: for Emergency and Medical Assistance while travelling overseas - please contact AIG Assist on reverse charge call to Australia +61 (2) 9251 4298. This overseas assistance service is subject to the terms and conditions of the NAB Gold Insurance Policy Document. Please read the entire Policy Document to ensure it meets your requirements. For more information please call 1800 339 667 or visit nab.com.au
  4. National Australia Bank Limited has obtained NAB Overseas Travel Insurance, Interstate Flight Inconvenience Insurance, Transport Accident Insurance, Domestic Hotel Burglary Insurance, Purchase Protection Insurance, Extended Warranty Insurance and Price Protection Insurance under Master Policies issued by American Home Assurance Company ABN 67 007 483 267, AFSL 230903. The benefits of NAB Overseas Travel Insurance, Interstate Flight Inconvenience Travel Insurance, Transport Accident Insurance, Domestic Hotel Burglary Insurance, Purchase Protection Insurance, Extended Warranty Insurance, and Price Protection Insurance are extended to NAB Qantas Platinum cardholders. The terms, conditions and exclusions for these insurances are specified in the NAB Platinum Policy Information Booklet and may be amended from time to time. Please note: for Emergency and Medical Assistance while travelling overseas - please contact AIG Assist on reverse charge call to Australia +61 (2) 9251 4298. This overseas assistance service is subject to the terms and conditions of the NAB Platinum Policy Information Booklet. Please read the entire Policy Information Booklet to ensure it meets your requirements. For more information please call 1800 788 566 or visit nab.com.au
Company Name: NAB Credit Cards
Country: Australia
Address: 5th Floor, 383 King Street West Melbourne VIC 3004
Contact person: John Cashin
Telephone: 0061-3-8641 9083
Fax: --
Email:
Website:
Google
 
Web www.BusinessChannel1.com
Contact Us   |   About Us  |  Term and Conditions  |  Privacy Policy  |  Advertise with Us  |   Importers Registration (Free)
Feedback  |  Bookmark This Page |  Tell a Friend  |  RSS / XML Feeds