NAB flybuys Rewards Card – Rates and Fees

Information verified correct on March 25th, 2017

Earn flybuys reward points and enjoy complimentary insurance covers and balance transfer offer with a NAB flybuys Rewards Card.

NAB flybuys Rewards Card has an earn rate of 1 point for every dollar spent on eligible purchases. Additionally, applicants will enjoy a 4.99% p.a. rate for 6 months on balance transfers. This card also comes with an annual fee of $95 and provides complimentary travel and purchase insurance. Benefits like Platinum Concierge Services are also provided with the card.

Product NameNAB flybuys Rewards Card
Rewards Programflybuys
Balance transfer rate (p.a.)4.99% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit90% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$95 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Card TypeVisa
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$95 p.a.
Late Payment Fee$9
Over Limit Fee$0
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas Emergency Replacement$100
Overseas ATM Balance check$1
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Fee
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • You can enjoy a balance transfer rate of 4.99% p.a. for 6 months.
  • You are instantly signed up to the flybuys Rewards Program and you will thus earn 1 flybuys point for every $1 spent, meaning that you can accrue points to fly with any airline you choose.
  • You get your own 24 hour, 7 days a week personal assistant with no extra cost under the NAB Platinum Concierge Service.

Cons

  • Unless you're a frequent flyer member or planning to be, you will be missing out on the opportunity to gain other rewards points for your spending (with the exclusion of the Visa Entertainment Package).
Rewards Programflybuys
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap20,000
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

NAB flybuys Rewards Card review

This card has twin advantages of a generous balance transfer offer and good reward points. Cardholders can use the balance transfer offer to consolidate their debt from other cards and reduce their interest burden for the next 6 months. This offer provides breathing space for you to repay your debt and can lead to savings of hundreds or even thousands of dollars. At the same time cardholders can benefit from the reward points, earning 1 point for every dollar spent on everyday purchases.

However, reward points are capped at $20,000 spend per statement cycle. For frequent travellers this can be a disadvantage. Also, some other reward points cards can give higher earn rates on purchases.

Benefits of NAB flybuys Rewards Card

  • Rewards points. Cardholders can earn 1 flybuys point for every dollar spent on eligible purchases. These points never expire, allowing you to save your points for a larger reward over time. However, the points are capped at $20,000 spend for every statement cycle.
  • Balance transfer. Another major benefit of this card is the generous balance transfer offer where cardholders get 4.99% p.a. for 6 months on balance transfers. This can eliminate interest burdens and help reduce debt.
  • Complimentary insurances. This card provides complimentary travel insurance including overseas travel insurance, interstate flight inconvenience insurance, transport accident insurance and domestic hotel burglary insurance. It also comes laden with purchase protection insurance, extended warranty insurance and price protection insurance which should be useful while shopping.
  • Platinum Concierge Services. Cardholders also get to use 24/7 NAB Platinum Concierge Services which can help in planning travel vacations, making purchases, getting presents and much more.
  • Annual fee. This card provides platinum services, balance transfer offer, reward points, complimentary insurance, etc. at a competitive rate of $95.

Features of the NAB flybuys Rewards Card

  • Introductory balance transfer offer. You'll get 4.99% p.a. for 6 months on balance transfers. After this period, the interest rate reverts to the standard interest rate for cash advances.
  • Interest rates. Interest rate on purchases is 19.99% p.a. and 21.74% p.a. on cash advances.
  • Interest-free period. You can use 44 interest-free days on purchases to keep your interest cost to a minimum. This does not apply on any accounts with an outstanding balance transfer.
  • Supplementary cards. If you need an additional card, you can request one for free. This card is linked to the main account and can earn reward points on purchases.
  • Complimentary VIP Lost Card Cover. Cardholders also get 12 months of VIP Lost Card Cover by Secure Sentinel which helps cover fraudulent use of card if it is stolen, provides advance cash if your wallet is stolen, helps cancel a lost Australian passport and getting a replacement during overseas travel and much more.

How to apply for the NAB flybuys Rewards Card

If this card meets your requirement, you can complete the secure online application form which only takes about 10 minutes to fill. You will get a response from the firm in 60 seconds.

Eligibility criteria

  • You must be at least 18 years of age.
  • You should have good credit rating.
  • This card does not have a minimum income criteria but applicants would need to show reasonable income levels to demonstrate that they can make the repayments.

Documents required

The application process requires information including:

  • Personal details
  • Contact details
  • Employer information
  • Income and expenses information
  • Address details

The NAB flybuys Rewards Card allows cardholders to earn points as they spend and consolidate their debt with a balance transfer offer. Customers can also take advantage of the complimentary travel and purchase insurance to reduce out of pocket expenses. As this isn’t the only rewards card on the market, cardholders should compare their options before applying.

Frequently asked questions

I have multiple credit cards on which I am paying high-interest costs. How can I transfer the balance to this card and reduce the interest costs?

You can transfer the balance as long as the cards are non-NAB cards and non-store cards issued in Australia. These accounts must not be in default. It is also important to note that the firm will not provide balance transfers for the entire 100% of your credit limit. This limit might vary according to individual circumstances. Applicants can directly contact the firm to know their balance transfer limit.

Is there a possibility to earn extra bonus points?

There are a number of participating stores where you can earn points on purchases through the stores as well as the points earned on the card. These stores include Coles, Medibank, Target, LiquorLand and more.

When can I cancel the card and what will be the fees?

You can cancel the card if your balance is fully paid and there are no other charges left on the card. There is no extra fee on cancelling the card.

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Rates last updated March 25th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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