NAB Major Interest Rates Cuts Announced
24 February 2009
The National Australia Bank has made a major announcement with the bank to cut their interest rates on all their credit cards as of Tuesday 24th February. The NAB Low Rate Visa Card interest rates are now just 10.99% in addition to the card numerous attractive features.
NAB has announced a drop in all their interest rates ranging from 0.35% to 1% off.
The NAB Low Rate Visa Credit Card interest rates have fallen from 11.75% to 10.99%, a decline of 0.76% for cardholders.
Both the NAB Standard Card and the NAB Gold have recorded a decline in interest rates of 0.35% from 18.24% to 17.89%.
All recording a full 1% drop in their interest rates are the NAB's Visa Mini, Qantas Platinum, Qantas Gold, Velocity NAB Standard and Velocity NAB Gold which now all have 17.99% attached.
Finally, the Velocity NAB Business interest rates reported a solid decline from 18.00% to 17.00%.
NAB Low Rate Visa Credit Card customers will particularly benefit from their new interest rates of 10.99% in conjunction with the card's already competitive and attractive features such as up to 55 interest free days, 0% p.a. fee on balance transfers for up to 6 months global access at over 22 million locations.
NAB will respond to online applications for the NAB Low Rate Visa Credit Card within 60 seconds of being submitted, giving you faster access to one of the lowest interest rates around.
The National Australia Bank is 28th largest financial institution globally and Australia's biggest bank. The NAB's credit cards are offered in conjunction with MasterCard and Visa Credit Cards with a variety of attractive rewards and security features for its credit card customers including Verified by Visa program with the NAB Low Rate Visa Credit Card.
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