20 Oct 2014

NAB credit card offers 0% interest for 15 months

National Australia Bank has today launched a market-leading credit card offer of 0% interest for 15 months on purchases on its low rate card.

Executive General Manager Consumer Lending Angus Gilfillan said the offer on NAB’s low rate card gave customers more flexibility in how they managed their finances and spending as they headed into the busy Christmas shopping period.

“As we approach the end of the year, we know customers do more shopping online and in stores, and spend more on entertaining family and friends, so we want to make it easier for them to manage their expenses,” he said.

“At NAB we understand our customers’ needs and how we can best help them. This new offer gives customers the flexibility to manage their expenses over a longer period so they don’t have to pay for everything at once.”

NAB is also continuing to waive the annual fee of $30 on the low fee card, and to offer 0% interest for 15 months on balance transfers on its Premium card.

Mr Gilfillan said NAB customers were managing their money better and technology solutions, such as internet banking and contactless payments were helping them stay on top of their finances.

“In September this year we saw a 4.8 per cent increase in the number of credit card accounts paid in full compared to September last year,” he said.

“Customers are now able to check their finances through internet or mobile internet banking whenever they like and transfer money on the go to manage their finances.

“We’ve also seen an increase in customers taking advantage of contactless payments for everyday purchases, which can be faster and more convenient than using cash.”

“This growth in contactless payments combined with the recent industry move to mandatory PIN use at point of sale means our customers will be able to make transactions faster and easier at a busy time of year.”

NAB’s offer of 0% interest on purchases for 15 months is available to all customers who apply for a NAB low rate card between 20 October 2014 and 18 January 2015.

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