NAB Qantas Rewards Premium Card

- Bonus points
- 80,000
- Purchase rate
- 20.99% p.a.
- Reward points per $ spent
- 0.66
- Annual fee
- $295 p.a.
Our verdict
Offers up to 80,000 bonus Qantas Points and complimentary travel insurance, with a $295 annual fee.
Pros
-
Up to 80,000 bonus Qantas Points offer
-
Standard balance transfer rate of 0% p.a. for 12 months
-
Earn 0.66 points per $1 spent on eligible purchases
-
Complimentary insurance covers and concierge services
Cons
-
A 3% fee applies to any balances transferred
-
Charges a high $295 annual fee
-
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
Details
Product details
Product Name | NAB Qantas Rewards Premium Card |
Balance transfer rate p.a. | 0% for 12 months with 3% balance transfer fee, then 21.74% |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | Purchase rate p.a.20.99% |
Interest-free days | Up to 44 days on purchases |
Cash advance rate p.a. | 21.74% |
Min credit limit | $6,000 |
Max credit limit | $30,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Rewards program | Qantas Frequent Flyer |
Bonus points | 80,000 |
Rewards points per $ spent | 0.66 |
Rewards points cap | 6,000 |
Fees
Annual fee | $295 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | 3.5% |
Cash advance fee | 3.5% of transaction value or $3.50, whichever is greater |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
Your reviews

Amy Finder
Journalist
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Richard Whitten Finder
May 19, 2025
Hi Bianca,
You’ll need to keep the card/account open for at least 12 months.
As for the new customer requirement the fine print on NAB’s site states that “This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Qantas Rewards Bonus Points for a new personal NAB Qantas Rewards credit card in the 18 months prior to the opening of a NAB Qantas Rewards Signature Card or a NAB Qantas Rewards Premium Card.”
So you may still qualify for it. I hope this helps.
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DP
March 16, 2025
If I am currently holding a Nab Rewards Card not a Nab Qantas Rewards card, will i be eligible to have the bonus points?thanks

Richard Whitten Finder
March 16, 2025
Hello DP,
With this offer existing NAB customers can get the bonus points, under this condition (according to NAB’s website): “Bonus Points are not available if you’ve received a NAB Qantas rewards acquisition bonus points offer in the last 18 months.”
That’s NAB Qantas Rewards, not NAB Rewards. If you’re currently holding a NAB Rewards card that should be fine.
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Katrina
February 09, 2025
Hi there,
I’ll be traveling overseas soon and wanted to confirm something about my credit card. If I use this card for shopping while abroad, will those transactions count toward the $2,000 spend requirement within 60 days to earn the 60,000 Qantas points?
Thanks in advance for your help!
Best regards
Katrina
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Sarah Megginson Finder
February 13, 2025
Hi Katrina,
Yes those purchases will qualify towards your minimum spend requirement. But keep in mind, you’ll pay foreign exchange fees, credit card payment fees and currency conversion fees, which could add 5% or even more to the cost of every transaction.

Viv
July 31, 2023
Re this point “These points will be credited to your account within 3 months of meeting the spend requirement.” How long does it take on average for the points to be added to the Qantas account? Will the points still be there should I decide to cancel the card?

Amy Bradney-George Finder
July 31, 2023
Hi Viv,
The terms and conditions for this offer simply state that points will be added to your Qantas Frequent Flyer account “within 3 months of meeting the spend requirement”, so you’ll typically need to factor that timeframe into your decision. If you have further questions about this offer, you can contact NAB on 13 22 65. It’s also worth noting that points earned per $1 of eligible spending on this card are typically added to your frequent flyer account after each statement period (within 2 days of the closing date on your statement).
In regards to cancelling the card, any points that have been added to your Qantas Frequent Flyer account will remain there, subject to the Qantas Frequent Flyer terms and conditions. I hope this helps.
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Interstate traveler
July 11, 2023
Hi, I’m traveling interstate and hiring a car, it would seem this card (which I have) offers car rental insurance excess of up $5000, if I opt to not take the car hire companies insurance my excess will be $4,100.
1. Does this mean I am fully covered by the the credit card for the insurance excess
2. Do I need to do anything before hiring the car ior do I just contact NAB after the fact if I did need to claim the $4,100 excess?
Thanks!
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Richard Whitten Finder
July 12, 2023
If you’re an existing cardholder then I suggest contacting NAB directly. They can provide more detailed answers than we can.
Bianca
May 17, 2025
Hi I had a Kogan CC that then NAB took over for the last month until I closed the account. Will that count as me having a previous NAB card?
also, if I close the account before the year and the extra 10000pts will I still get to keep the 60000pts? or do I have to stay for more then a year?
thanks
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