Wedding Bills

Hi Scott,

I’ve never owned a credit card in my life but with my wedding coming up in 4 weeks I’m looking into one for a few expenses I can't pay upfront. I’m looking at a NAB low rate credit card, how does this one fare? I’d need it to purchase some flights, some everyday things and potentially to use in Bali for some accommodation.

Renee

Hi Renee,

Congratulations on getting hitched. (I’ve been getting a lot of questions about weddings lately.)

Straight up, you do not need a credit card. If you don’t have the dough for something you ‘must have’, woman up and do what everyone else does in your situation: whack it on your bloody bridal registry.

Meanwhile, just for giggles, I had a look at NAB’s Low Rate (Cough, Cough) Card.

They’re charging 13.99 per cent per annum, plus a $59 annual fee, and 21.74 per cent for cash advances. (Seriously, where the hell do they come up with these figures? Point seven four?! Really? You’re just messing with us, aren’t you guys?). Given you can get a home loan with the NAB for 4.5 per cent, and no fee, that’s quite a stretch.However, respect to the NAB marketing team, who are at the top of their game (of banking bulldust). On their application form they even put a cute picture of a guy putting money into a pink piggy bank …Or is he?

Maybe he’s stealing money from his daughter's piggy bank because he can’t afford the extra ‘point seven four’ on his Low Rate Card!

Scott