Appears the most genuine and best Balance Transfer Credit Card on offer.
At the end of 12 months any unpaid Balance Transfer attracts the Purchase rate of 13.99% and no Interest Free Period whilst ever an Balance Transfer remains unpaid.
Do not know if there is any penalty to try and close this card account after 12 months. Seemingly there may be as NAB is offering no interest on potentially $10,000 'Balance Transfer' and $12,000 in Purchases (@ $1,000 per month) over 12 months at no interest. Interest rate on cash advances is 21.74%.
Below is the above 'fine print' in large print with vital information highlighted in yellow background
Terms and conditions
Offer commences 19 January 2015. The special promotion balance transfer must be applied for at the point of full card application. The special purchase rate and balance transfer rate will apply for a 12 statement period from account opening. Any unpaid purchases and balance transfer will then attract your card’s standard interest rate for purchases of 13.99%. Offer only available to new approved NAB credit card customers who apply by 19 April 2015. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer, including Employee Choice. Terms, conditions, fees, charges and lending criteria apply. ©2015 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686
1. Excludes cash advances (including bills paid over the counter at a bank, transactions for gambling or gaming purposes, financial institution or post office and for the purchase of travellers cheques).
2. Additional cardholder must be 16 years of age or older. All transactions using the additional card will be the responsibility of the primary cardholder.
3. If you pay your account in full by the due date each month. You won’t receive interest free days while you have a balance transfer. Special offer interest free days will apply for a 12 month statement period from account opening.
Terms and conditions available here. Fees and charges are payable. Approval and credit limit is subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at 19 January 2015.
Credit cards issued by National Australia Bank Limited. ©2015 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.