NAB Qantas Rewards Card – Rates and Fees

Information verified correct on December 7th, 2016
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Earn up to 15,000 bonus points, earn Qantas Points on everyday purchases and enjoy 15 months of 0% p.a. interest for both purchases and balance transfers when you sign up for the NAB Qantas Rewards Card.

The NAB Qantas Rewards Card allows you to earn Qantas Points that are redeemable through the Qantas Frequent Flyer program. With this card you earn up to 1 point for every dollar you spend on everyday purchases. This credit card combines two different cards into one account, and you’ll get the rewards program through American Express along with the convenience of MasterCard that is accepted around the world.

When you sign up for this credit card and apply by 22 January 2017, you’ll receive for 15 months on balance transfers and purchases. A complimentary Qantas Frequent Flyer membership and a 15,000 bonus Qantas Points when you spend on everyday purchases within the first 90 days. You can also gain access to exclusive programs like Priceless Sydney and MasterCard Privileges. You can also get access to other exclusive benefits like discounted shipping rates and emergency travel assistance.

Product NameNAB Qantas Rewards Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 15 months with a one off 3% balance transfer fee
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.)0% p.a. for 15 months (reverts to 19.99% p.a.)
Offer end date22 January 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.
$500
Minimum Monthly Repayment2%
Card TypeAmerican Express/MasterCard
Late Payment Fee$9
Foreign Currency Conversion Fee (MC)
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
Foreign Currency Conversion Fee (AMEX)
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 InsuranceNo
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.
$500
Annual Fee$95 p.a.
Minimum Repayment2%
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 (MC)
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
Foreign Currency Conversion Fee (AMEX)
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

  • The NAB Qantas Rewards Card offers complimentary purchase protection insurance.
  • Enjoy a balance transfer and purchase offer of 0% p.a. for 15 months.
  • Receive 15,000 bonus Qantas Points on eligible spend.
  • An additional cardholder fee applies for only $0.

Cons

  • There is only up to 44 interest-free days with this card. Most other cards come with 55 interest-free days when you pay your account in full and make a purchase on your card.
  • You'll need to pay a joining fee of approximately $80 to be enrolled in the Qantas Frequent Flyer.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up15,000
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) Cap10,000
Rewards Points per $ (AMEX) Cap20,000
Points ExpiryNever

NAB Qantas Rewards Card review

This card allows you to earn Qantas Points through everyday purchases, and you’ll be able to earn points anywhere MasterCard and American Express are accepted. Use it for grocery shopping, filling your car with petrol, or buying clothes or other merchandise. You can also benefit from The NAB Qantas Rewards Card’s competitive rates and fees.

If you aren’t a frequent traveller who will benefit from frequent flyer rewards through Qantas you can read up on other NAB credit offers including their flybuys rewards card which also offers you rewards for accumulating points via transactions.

Benefits of using a NAB Qantas Rewards Card

  • Bonus points offer. Enjoy 15,000 bonus Qantas Points if you apply by 22 January 2017 and make an everyday purchase within the first 90 days of account opening.
  • Introductory offer for balance transfers and purchases. NAB offers new applicants a 0% p.a. balance transfer and purchase rate for the first 15 months of their account. Do take note that a one off 3% balance transfer fee applies and a minimum monthly repayment is required. This means that you can transfer the balance of another credit card to your NAB Qantas Rewards card to potentially save money on interest payments and cut down on the number of monthly bills you pay. Offers end on 22 January 2017.
  • Complimentary insurances. Along with your line of credit and the other benefits you’ll receive, you also get purchase protection insurance. This is coverage that protects personal items you buy through your credit card from theft, damage, or loss that occurs 90 days after the initial purchase.
  • Rewards program. You can earn Qantas Points with each dollar your spend on everyday purchases through your rewards credit card. You can earn either 1 point for each dollar spent on your American Express card or 0.5 point for every dollar you spend on your MasterCard. Keep in mind that your points are capped at $20,000 spend per statement period.

Features of the NAB Qantas Rewards Card

  • Competitive fees. For a card with so many benefits the fees are also competitive, as the annual fee on this credit card is only $95. Other fees and charges may apply and should be taken into consideration when applying.
  • Interest-free period. To help you manage your credit easily, NAB also offers interest-free days. You will receive up to 44 interest-free days on purchases. This means you can make purchases and not incur interest for up to 44 days, which not only helps you save money but it also allows you to earn Qantas Points on everyday purchases.
  • Complimentary Frequent Flyer membership. In order to redeem your Qantas Points, you need to have a Qantas Frequent Flyer membership. When you apply for the NAB Qantas Rewards card, you will receive a free membership to this program. NAB will waive the joining fee for the membership as long as you are a Qantas Rewards cardholder.

How to apply for the NAB Qantas Rewards Card

If you’ve decided that the NAB Qantas Rewards Card is right for you and your financial circumstances and want to apply for the card, simply complete the online application form. Before you do this, make sure you meet NAB’s eligibility requirements.

Eligibility criteria

      • In order to be eligible for this NAB credit card, you need to be 18 years of age or older.
      • You must be a permanent Australian resident in order to apply for this credit card.
      • You must also meet the income requirements so NAB can determine whether you can meet your repayment commitments to the bank. These requirements may vary and should be verified with NAB prior to your application.

Required documents

      • You’ll need your driver’s license and driver’s license number as well as your full address. If you don’t have a license, you will need a valid passport or another form of approved government identification.
      • In order to verify your income and credit history, you’ll have to provide NAB with payslips or other income documentation like tax forms in order to prove you meet the income requirements. You may also need additional information regarding assets and liabilities as well as your employer’s or accountant’s information.

Whenever you decide to apply for a credit card or other line of credit, it’s important to compare the available offers so you are sure you’re getting everything you need and that the deal is right for your financial situation.

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59 Responses to NAB Qantas Rewards Card – Rates and Fees

  1. Default Gravatar
    Deb | July 26, 2016

    When do my points that show on my Credit Card statement show up on my Qantas Rewards statement ? Are they transferred automatically ?

    • Staff
      May | July 28, 2016

      Hi Deb,

      Thanks for your question.

      Your Qantas points will be credited to your Qantas frequent flyer account if you have this linked to your NAB credit card. Your points are calculated on net purchases at the end of a statement period. So if you want to check your points earned, you may need to login to your Qantas FF account.

      Cheers,
      May

  2. Default Gravatar
    Jay | July 11, 2016

    Is there a minimum amount for the everyday purchase?

    • Staff
      Anndy | July 12, 2016

      Hi Jay,

      Thanks for your question.

      To be eligible for the Bonus points offer, one of the eligibility criteria is to make an everyday purchase within 90 days of opening your account. There is no minimum amount for everyday purchases. However, eligible purchases exclude transactions that NAB considers as wholly or partly for gambling or gaming purchases.

      Cheers,
      Anndy

  3. Default Gravatar
    Emma | June 5, 2016

    How do I know if my purchase will be considered an eligible purchase? Can you tell me what are not eligible purchases? Thanks

    • Staff
      Ysa | June 6, 2016

      Hi Emma,

      Thanks for your inquiry.

      An eligible purchase is an everyday purchase and exclude transactions such as:
      - cash advances
      - bills paid over the counter at a bank, financial institution or post office
      - purchases of travellers cheques
      - transactions for gambling or gaming purposes
      - when the card is used as a debit card to access linked accounts
      - transactions which NAB has decided to be wholly or partly for a business or investment purpose
      - transactions where you use your card account to make payment to the Australian Taxation Office (ATO)
      - fees and charges (including government fees and charges)
      - interest charges
      - transactions which are disputed, fraudulent or involve abuse of your credit card account
      - payments and purchases which are refunded or reimbursed.

      Anything other than these are considered as everyday purchases.

      I hope this has helped.

      Cheers,
      Ysa

  4. Default Gravatar
    Dominic | May 22, 2016

    Hi,

    I am currently on a 457 visa which does not expire for almost 4 years.

    I have a good credit history here in Australia and more than meet the income requirements.

    Would I be eligible for this card?

    Thanks

    • Staff
      May | May 23, 2016

      Hi Dominic,

      Thanks for your question.

      Unfortunately, only Australian residents can apply for this NAB Qantas Rewards Card. Please refer to this page where you can find credit card issuers that accept a non-resident applicant. You may contact a credit card company featured on that page and verify which among their products are available for non-residents.

      I hope this helps.

      Cheers,
      May

  5. Default Gravatar
    Chris | February 5, 2016

    Can you swap a NAB Visa Flyby Card account, to a NAB Qantas Reward Card.

    • Staff
      Jonathan | February 5, 2016

      Hi Chris, thanks for your inquiry!

      You can change NAB cards by contacting the customer service team on 13 22 65 Mon-Fri 8am – 7pm, Sat-Sun 9am – 6pm (AEST/AEDT).

      Cheers,

      Jonathan

  6. Default Gravatar
    Anna | February 4, 2016

    I am a pensioner, would I be able to get a NAB Qantas Rewards card?
    What is your minimum income request?

    • Staff
      Sharon | February 4, 2016

      Hi Anna, thank you for your inquiry.

      The minimum income required for this card varies and will be based on a few factors including your annual income and credit history. As declined credit card applications can have a negative impact on your credit file, you might wish to get in touch first with NAB to discuss your likelihood of approval.

      I hope this helps,

      Sharon

  7. Default Gravatar
    Gus | January 25, 2016

    How many additional card holders can be associated with NAB Qantas Rewards Card?

    • Staff
      Debbie | January 25, 2016

      Hi Gus,

      Thanks for your question.

      You can request up to one additional cardholder for NAB Qantas Rewards Card at no cost. Please note that the main cardholder will be liable for any transactions made on the additional card.

      For other credit card options that offer free additional cardholders, kindly compare on this page.

      I hope this helps.

      Cheers,
      Debbie

  8. Default Gravatar
    May | December 17, 2015

    What is the minimum income required? and it says there is complementary Qantas frequent flyer membership in the card review, while in ‘pros/cons’, it says you’ll pay the joining fee. So is there joining fee when I apply for the card?

    • Staff
      Debbie | December 18, 2015

      Hi May,

      Thank you for your inquiry.
      The minimum income required for NAB Qantas Rewards Card varies and will be verified based on the income statements you will be submitting upon application. The fee stated above is for the annual fee which will be applied on your account while you have the card active.

      If you are looking for no annual fee credit cards, please refer to this page.
      I hope this helps.

      Cheers,
      Debbie

  9. Default Gravatar
    ally | December 1, 2015

    My income is a disability support pension, am I able to apply for any qantas linked credit cards?

    • Staff
      Sally | December 2, 2015

      Hi Ally,

      Thanks for your question. The NAB Qantas Rewards card doesn’t advertise a set minimum income. Instead, your application will be considered based on a few factors including your annual income and credit history. As declined credit card applications can have a negative impact on your credit file, you might wish to get in touch with NAB directly to discuss your likelihood of approval.

      You can contact the NAB customer service team to speak with a credit card specialist on 13 13 12.

      I hope this has helped.

      Cheers,

      Sally

  10. Default Gravatar
    Marion | November 10, 2015

    At present, my [working] husband is the primary card holder and I am the secondary holder [same account]of our credit card [Visa]. We are looking to join up to a Qantas FF credit card. They all seem to say ‘No’ to Joint Account. Do any of them allow a husband and wife on the same account?

    • Staff
      Jonathan | November 11, 2015

      Hi Marion, thanks for your inquiry!

      Please refer to this page for a list of providers that allow joint-account credit cards.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated December 7th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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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