NAB Qantas Rewards Premium Card

Offers a solid 65,000 bonus points for the annual fee, but is missing some common perks.

Right now, you can boost your points balance with 65,000 bonus Qantas Points when you apply for a new NAB Qantas Rewards Premium Card and spend $2,500 on everyday purchases within the first 60 days. Compared to other offers on the market with a similar annual fee (this one is $250) the bonus points are competitive, but it is missing some travel features like a credit or lounge passes.

The NAB Qantas Rewards Premium also offers 6 complimentary insurance covers, a 24/7 concierge service and an introductory balance transfer rate of 0% p.a. for 6 months (with 2% balance transfer fee).

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Sally McMullen

Last Updated Jun 24, 2021

65,000

Bonus points

19.99% p.a.

Purchase rate

0.66

Reward points

Per $ spent

$250 p.a.

Annual fee

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Details

Product Name	NAB Qantas Rewards Premium Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 6 months with 2% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	90% of available limit
Purchase rate	19.99% p.a.
Annual fee	$250
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes

Pros

65,000 bonus Qantas Points offer
Standard balance transfer rate of 0% p.a. for 6 months
Earn 0.66 points per $1 spent on eligible purchases
Complimentary insurance covers and concierge services

Cons

Offers up to 44 days interest-free on purchases, compared to other cards that offer up to 55 days
Points cap could restrict potential points earning

Rewards program	Qantas Frequent Flyer
Bonus points	65,000
Rewards points per $ spent	0.66
Rewards points cap	6,000

Annual fee	$250
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

Go to NAB's site More info

Review by

Sally McMullen

[email protected]

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The NAB Qantas Rewards Premium is suited to frequent travellers who want to be rewarded for their everyday spending with points and some modest extra perks. The 65,000 bonus points offer gives you enough for a return business class flight from Sydney to Adelaide (55,200 points). You could also redeem your points for $300 worth of Woolworths Group digital gift cards (a total of 62,140 points for one $250 gift card and one $50 gift card) through the Qantas Store. However, you'll pretty much always get better value when you use your points for travel.

When you shop with this credit card, you can earn up to 0.66 points per $1 spent up to $3,000 spent per statement period and then 0.33 points per $1 spent up to $6,000. If you plan to put more than $6,000 on plastic each month, you may want to consider a credit card with a higher (or no) points cap. There are also some frequent flyer cards with bigger bonus points offers and airport lounge pass perks, so always be sure to compare your options.

How to apply

You can apply for the NAB Qantas Rewards Premium Card online in 15 minutes and receive a response within 60 seconds. If you're approved, you'll receive your card in up to five business days.

Before you get started, make sure you meet the eligibility requirements and have the necessary information to complete your application.

Eligibility criteria

Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.
Eligible balance transfer debt. You can request to transfer up to 90% of your approved credit limit from Australian non-NAB credit card accounts.

New cardholder. The bonus points offer and 0% balance transfer promotion are only available to new NAB customers.
Age. You must be at least 18 years old to apply.

Required documents

Personal information. This includes your full name, residential address, email address, contact number and Australian driver's licence number.
Employment. You'll need to provide information regarding your position, salary, and your employer's name and contact details. You may also be asked to provide several recent payslips or your latest Tax Statement and accountant's details.
Finances. You'll have to include evidence of your income, including recent payslips or bank statements. You'll also be required to include information regarding any investments or saving accounts as well as existing debts and other liabilities such as mortgage repayments.
Frequent flyer number. If you're already a Qantas Frequent Flyer, you'll need to include your frequent flyer membership number to start earning points.
Balance transfer details. If you're conducting a balance transfer, you'll need to include how much you're transferring and some details about the old account.

Go to NAB's site More info

Card benefits

Bonus Qantas Points offer. Earn 65,000 bonus Qantas Points when you get approved for a new card and spend $2,500 on eligible purchases within the first 60 days. These points will be credited to your account within 3 months of meeting the spend requirement. There is no specified expiry date for this offer but NAB may withdraw or vary it at any time.
Earn Qantas Points as you spend. You will earn 0.66 points per $1 on eligible purchases for the first $3,000 spent per statement period. For spending between $3,001 and $6,000 in a statement period, you will earn 0.33 points per $1 spent on your eligible purchases.

Complimentary insurance. This card offers six complimentary insurance covers issued by Allianz. You can enjoy the eligible purchases you’ve made with the card and also be covered by purchase protection insurance and extended warranty insurance. You can also get interstate flight inconvenience insurance and car rental excess in Australia insurance. A qualifying purchase is required to get insurance cover.
Concierge service. Your 24/7 concierge service can help you with travel bookings, restaurant recommendations and reservations, securing concert tickets and more.
Complimentary Qantas Frequent Flyer membership. If you're not already a Qantas Frequent Flyer member, this card will waive the standard joining fee of $99.50.
Balance transfer offer. You can take advantage of an introductory 0% p.a. interest rate on balance transfers for 6 months with a 2% balance transfer fee. Minimum monthly repayments are required and any unpaid balances will attract the standard cash advance rate at the end of the introductory period. Balance transfers don't earn Qantas Points.
Mobile wallets. You can link your NAB credit card with Apple Pay, Samsung Pay, Google Pay, Fitbit Pay and Garmin Pay to make contactless payments using your qualifying Samsung device at the checkout.

Rates & fees

Annual fee. This card charges a standard annual fee of $250.
Purchase rate. Your purchases will collect a standard variable interest rate of 19.99% p.a.

Cash advance rate. This card charges a standard variable cash advance rate of 21.74% p.a.
Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Additional card. You can request 1 additional cardholder for a $0 annual fee. The additional cardholder must be at least 16 years of age and you will still be responsible for managing the account.
Currency conversion fee. When you use your NAB Qantas Rewards Premium Visa card for transactions made in a foreign currency, a fee of 3% of the Australian dollar amount applies.

Go to NAB's site More info

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109 Comments

Paul
May 28, 2018

Hi There,

Is there a online calculator I could use to work out how much points I could potentially earn from the amount I spend. I am planning on spending around $8000.

Nikki
May 28, 2018

Hi Paul,

I’m afraid that there’s no available online calculator to compute points. Although, this is how you may compute your $8,000 spending, manually:

Notes:
You will earn 0.66 points per $1 on eligible purchases for the first $3,000 spent per statement period.
For spending between $3,001 and $6,000 in a statement period, you will earn 0.33 points per $1 spent on your eligible purchases.
There’s a cap of 3,000 points for every statement period.

How to compute:
0.66 x $3,000 = 1,980 points (earned in the first statement period)
0.33 x $5,000 = 1,650 points (earned in your next statement period)

You can also log into your NAB online banking account where you can conveniently view your points and redeem them when you’re ready.

Cheers,
Nikki

Mackey
June 2, 2017

Hi, I’m about to travel interstate. If I hire a car using my nab Qantas card, will my complimentary travel insurance give me total insurance protection, or do I need to purchase additional insurance from the car hire company?

finder Customer Care

Rench
June 3, 2017

Hi Mackey,

Thanks for your inquiry. Please note that we are not affiliated with NAB or any company we feature on our site and so we can only offer a general advice.

Yes, NAB Qantas Rewards Premium Credit Card includes Interstate flight insurance under their complimentary travel insurance. You may be covered for rental vehicle insurance excess if you rent a car. There are more insurances covered for this card as stated on this page.

We suggest contacting NAB directly to confirm this info or visit their official site.

Hope this helps.

Best regards,
Rench

Kerry
May 17, 2017

What does concierge service mean give examples please

finder Customer Care

May
May 17, 2017

Hi Kerry,

Thank you for your inquiry.

The NAB Platinum Concierge Service is one of the card’s benefits – it’s like you have your own personal assistant where you can contact their customer support if you need help in:

_ flower delivery
– car and limousine rentals
– finding, booking, and delivering tickets for live music, sports, and shows
– hotel, restaurant or club reservations and much more.

Cheers,
May

Liz
April 3, 2017

Do you still offer a complimentary domestic flight with this card/s?

finder Customer Care

Dee
April 4, 2017

Hi Liz,

Thanks for your question.

Yes, NAB Qantas Rewards Premium Credit Card offers interstate flight insurance and domestic hotel burglary insurance, subject to eligibility criteria.

Cheers,
Anndy

Kylie
March 6, 2017

Do the points automatically transfer to Qantas? To review points collected to we go to Qantas or nab?

finder Customer Care

Dee
March 7, 2017

Hi Kylie,

Thanks for your question.

Kindly note that with this credit card, the Qantas Points are earned on net purchases during a card account statement period. Your total points earned in a statement period will be credited to your Qantas Membership Account within two business days following the closing date of each statement period.

You can check the total points you have accumulated by logging in to your Qantas frequent flyer account.

Cheers,
Anndy

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