In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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NAB Rewards Platinum Card
Terms and conditions apply
Balance transfer rate for 12 months with 3% balance transfer fee
0% p.a.
Bonus points
100,000
Purchase rate
20.99% p.a.
Reward point per $ spent
1

Our verdict

Offers up to 100,000 bonus NAB Rewards Points and a discounted $45 annual fee in the first year, which goes to $195 after that.

The NAB Rewards Platinum card is suited to cardholders who want to get rewarded for their spending and like the flexibility of bank reward points. Right now, you can get 80,000 bonus NAB Rewards Points when you apply and spend at least $1,000 on everyday purchases within the first 60 days from account opening. And another 20,000 points when you keep your card open for over 12 months. If you do collect the maximum 100,000 bonus points, you would have enough points for $480 worth of gift cards. You could also transfer them and get 50,000 Velocity Points for frequent flyer rewards.

Pros

  • Up to 100,000 bonus points
  • Discounted $45 first-year annual fee
  • Visa Premium Access and a 24/7 access to the NAB Platinum Concierge Services
  • 0% p.a. interest rate on balance transfers for 12 months

Cons

  • You need to keep the card for at least 12 months to collect all the bonus points, which means you’ll have to pay the second year annual fee
  • 3% international transaction fee
  • Balance transfer offer has a 3% balance transfer fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The NAB Rewards Platinum Credit Card offers a 24/7 concierge that can help you save time on travel planning, entertainment bookings, gift purchases and more. When you make purchases with this card, you can also get up to 44 interest-free days on purchases by paying the total amount listed on your statement by the due date. Otherwise, the card's 20.99% p.a. variable purchase rate applies.

Details

Product details

Product Name NAB Rewards Platinum 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. 20.99%
Interest-free period 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 NAB Rewards
Bonus points 100,000
Rewards points per $ spent 1

Fees

Annual fee $45 first year ($195 after)
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 3% or $3, whichever is greater
Overseas ATM withdrawal fee $5
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the NAB Rewards Platinum card online in about 15 minutes and get a response in around 60 seconds. Before you start, make sure you meet the eligibility requirements and have the necessary documents to complete the application.

Eligibility criteria

  • New customer. The bonus points offer is only available to new NAB customers, meaning you cannot hold or have held a NAB Rewards card in the previous 18 months.
  • 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.

Card benefits

  • Bonus points offer. Receive 80,000 bonus NAB Rewards Points when you spend $1,000 on everyday purchases within 60 days of opening the account. These points will be credited to your account within 3 months of meeting the spend requirement. The other 20,000 bonus points will be credited in the 13th month when you keep your account open. There's no specified expiry date for this offer, but NAB may vary or end it at any time.
  • Discounted first-year annual fee. Apply and get approved for a new card and you will save $150, thanks to $45 first-year annual fee ($195 p.a. thereafter).

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $195 p.a.
  • Purchase rate. A 20.99% p.a. variable interest rate applies to purchases made on this card.

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Amy Finder

Editor

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Avatar

BK

June 01, 2018

HOW MUCH YEARLY INCOME IS REQUIRED FOR A NAB CREDIT CARD WITH 60000 TO 100000 QANTAS FREQUENT FLYER POINTS


Avatar

Nikki Angco

June 01, 2018

Hi BK,


Thanks for getting in touch!


As per the application requirements of NAB Rewards Platinum Card:


Employment details. This includes your employer’s name and contact details, your role and the length of time you’ve worked there. You’ll also need to provide details of your salary and may be asked to submit recent payslips or bank statements.


Regarding the amount of income required, this will be reviewed by the bank. If you wish to apply, you may ask if your income is suffice to apply for this credit card.


Hope this clarifies!


Thanks,

Nikki


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Dinesh

October 20, 2017

I have book a flight through Nab Platinum Card for my Son who is my dependent and he is travelling alone, Is he covered if I paid his ticket through my Card.


Avatar

Maria

October 20, 2017

Hi Dinesh,


Thank you for reaching out to Finder.


Your son would have to travel with you to be covered under the complimentary travel insurance policy of your NAB Rewards Platinum Card. You may want to check the other eligibility requirements from our complete guide to NAB Complimentary Travel Insurance.


Best,

Maria


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Ben

June 28, 2017

Hi, I booked a trip overseas for myself and my wife paying with my Platinum NAB card. Are we both covered for travel insurance, and where can I get the documentation to print out?


Thanks


Ben


Avatar

Jonathan

June 29, 2017

Hi Ben!


Please refer to the Overview of Travel and Medical Insurance Cover by NAB Rewards Card:


You may access the benefit of this Overseas travel and medical insurance cover:

1. if you meet the eligibility criteria; and

2. the loss or damage occurs during the period of cover.


Eligibility criteria


1. You were ninety (90) years of age or under before the date of departure for your trip; and

2. You (or the accompanying NAB Cardholder) had purchased on a NAB card a minimum of $500* (inclusive of taxes and other charges) of pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) prior to the commencement of the trip. The purchase must be debited to a NAB Card prior to your departure from Australia. The purchase must also have been transacted in one of the following ways: – If using your NAB Credit Card – purchases using your credit card facility directly charged by the merchant or using the linked PayPal account; or – If using your NAB Gold Visa Debit Card – purchases using your debit card either by using the physical card or by providing the debit card number when paying for your purchases or using linked PayPal account.


Usually, QBE will respond to requests from NAB Cardholders seeking a policy number by providing a letter of eligibility which sets out: (a) the NAB Cards Insurances policy number; and (b) the eligibility criteria.


You can go click “Go to Site” of this page. Once redirected to NAB website, look for “Important Information” and download the Product Disclosure Statement of NAB Insurance Policy to get the full details and QBE Hotline.


Hope this helps.


Cheers,

Jonathan


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Wei

June 24, 2017

Hi,


If i made an online purchase from an international seller (eg: amazon) what would the charges be?


Thank you.


Avatar

Rench Finder

June 24, 2017

Hi Wei,


Thanks for your inquiry.


There are no charges if you will be using your NAB Rewards Platinum Card when purchasing through international sellers/online stores, like Amazon. You will be informed by the seller/store if there are any fees that will include in your purchase. It should show the rundown and total of your purchase on the provided online receipt.


Cheers,

Rench


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Greg

May 20, 2017

If I get this NAB Platinum card, can I transfer points to Qantas Frequent Flyer points on a 1 for 1 basis?


Avatar

Jason Finder

May 20, 2017

Hi Greg,


Thank you for your inquiry.


NAB Rewards points are not transferable to Qantas Frequent Flyer program. However, you may redeem them for Air New Zealand’s Airpoints, Asia Miles and Velocity Frequent Flyer Points.


You can redeem either 0.005 Airpoints Dollars or 0.33 Asia Miles or 0.5 Velocity Points for every NAB Rewards point, with a minimum transfer amount of 3,000 NAB Rewards points.


I hope this helps.


Kind regards,

Jason


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