The Credit card offers 0% p.a. on purchases for a period of 15 months from the date of issue of the card. Similarly the balance transfer facility available for 15 months. Interest free days on purchases are available up to 44 days. However, the cardholder cannot use both facilities i.e. balance transfer and Interest free days. The cash advance rate 21.74% p.a. In the case of Standard Balance Transfer rate, it will be charged with 4.99% p.a. for 6 months. However, the charges of Standard purchase rate are 19.74% and the Annual Card Fee is $59. The minimum credit card limit is $500. Further Credit Card offers include special offers on shows, events, experiences and movies from Visa Entertainment. Moreover, usage of the card allows complimentary purchase protection insurance and the insurance coverage is protected from loss, theft or accidental damage.The Nab Credit Card can be purchased with the Annual Fee of $59 with a minimum credit card limit of $500. The credit card holder can utilize interest free days for a period of 55 days. Balance transfer facility available for 15 months. Besides, there is no charge i.e. 0% p.a. for purchase for period of 15 months. (nab 2016). Only one option available to the credit card holder i.e. Balance transfer or interest free days.
The added advantages include Special offers on shows, events, experiences, movies etc.The Commonwealth Bank Card offers various facilities par with the other credit card agencies. The Annual Card Fee is $59. Further, the bank also offers interest free days on purchases as well as balance transfer facility. The Credit card holder can use of either balance transfer facility or interest free days on purchases for the period of 55 days. The cash advance rate 21.24% p.a. whereas Standard Balance Transfer rate will be 5.99% p.a. for 6 months. However the charges of Standard purchase rate is 13.24%. The minimum credit card limit is $500. The transactions are updated instantly and credit card holder also uses Paypass for faster payments. Another additional advantage is $250 cash back is available over the amount spent of $500 and the offer is valid upto before 31st December 2016. The insurance on the card also offered but it is optional Credit plus insurance available. The credit card can be used over 35 million locations worldwide in many than countries and amount can be spent on items offered by such locations including restaurants, supermarkets etc.