NAB flybuys Rewards Card – Rates and Fees

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Earn flybuys points for your everyday spending and enjoy complimentary insurance covers with the NAB flybuys Rewards Card.

The NAB flybuys Rewards Card gives you 1 point for every $1 spent on eligible purchases. You can also enjoy platinum benefits including complimentary travel insurance and purchase protection insurance covers, plus a concierge service.

As well as these ongoing benefits, you can enjoy 0% p.a. on balance transfers for 6 months if you apply for the balance transfer at the time of your credit card application.

Product NameNAB flybuys Rewards Card
Rewards Programflybuys
Balance transfer rate (p.a.)0% 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.
Offer end date12 November 2017
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$15
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
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
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$15
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 Rate
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 0% p.a. for 6 months.
  • You are instantly signed up to the flybuys Rewards Program. Thus, you will earn 1 flybuys point for every $1 spent, meaning that you can accrue points to fly with any airline you choose.

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 $ (VISA/MC) Cap20,000
Points ExpiryNever

NAB flybuys Rewards Card review

With a competitive reward points earn rate, seven complimentary insurance covers and an introductory balance transfer offer, the NAB flybuys Rewards offers benefits to suit a range of different needs. It also has an annual fee of $95 that's very competitive for platinum rewards cards.

In terms of other costs, the NAB flybuys Rewards has a standard variable purchase rate of 19.99% p.a., with up to 44 days interest-free available if you pay your balance in full by the due date on your statement. It's worth noting that interest-free days are not available if you do take advantage of the balance transfer offer.

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.
  • Frequent flyer point options. The flybuys rewards program gives you the option of transferring them from your flybuys account to either Velocity or Etihad Guest. If you're a Velocity Frequent Flyer member, you'll need at least 2,000 flybuys points to get 870 Velocity Points. A minimum of 10,000 flybuys points is needed for Etihad Guest, which will give you you 4,000 frequent flyer miles for your account.
  • Special balance transfer. Another major benefit of this card is the balance transfer offer, which gives you a 0% p.a. introductory rate for 6 months with no balance transfer fee if you apply for the balance transfer at the time of your credit card application. This can reduce interest charges and help you to pay down debt faster. Do take note that it reverts to the standard cash advance rate thereafter and requires minimum monthly repayments. Offer ends on 12 November 2017.
  • Complimentary insurances. This card provides complimentary travel insurance including overseas travel insurance, interstate flight inconvenience insurance, transport accident insurance and domestic hotel burglary insurance, issued by QBE. It also comes with purchase protection insurance, extended warranty insurance and price protection insurance which could be useful while shopping.
  • Concierge Services. You'll get access to 24/7 NAB Concierge Services, provided by Visa Worldwide, which can help in planning travel, making purchases, getting presents and much more.

Features of the NAB flybuys Rewards Card

  • Annual fee. This card provides platinum services, a balance transfer offer, flybuys points, complimentary insurance and more for a competitive annual fee of $95.
  • Standard balance transfer. You'll get 0% p.a. interest rate for 6 months on balance transfers with a one-time 2% balance transfer fee. This offer is not available in conjunction with the introductory balance transfer offer.
  • 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 costs 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 at no cost. 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

You can apply for the NAB flybuys Rewards credit card online in around 15 minutes and will get a response in 60 seconds of submitting your completed form. Before you get started, though, make sure you meet the eligibility requirements and have all the details and documents you'll need on hand.

Eligibility criteria

  • Are you over 18 years old? You must be at least 18 years of age to apply for a credit card in Australia.
  • How is your credit rating? You should have good credit rating.
  • What is your Australian residency status? If you are not an Australian citizen or permanent resident, you’ll need to provide the last overseas address you resided at.
  • Minimum income details. 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

Here are the details and documents you may be asked for when you apply for the NAB flybuys Rewards:

  • Personal details. This includes your full name, date of birth, residential address, email address and phone number. You'll also need a valid form of ID, such as your driver's licence.
  • Employer information. This includes your salary, role and employer's contact details. You may also be asked to provide copies of recent payslips or bank statements.
  • Income and expenses information. As well as income from your main employer, you'll need to share details of any secondary income or investments such as savings. You also need to provide details of any existing debts, loans or cards.

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

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.

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.

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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Credit Cards Comparison

Rates last updated October 21st, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Exclusive to finder.com.au and available until 12 November 2017, enjoy a no BT fee, long-term balance transfer offer and complimentary insurances.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer 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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