NAB Qantas Rewards Premium Card – Rates and Fees

NAB Qantas Rewards Premium Card Find out more Go to site

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Earn up to 1 Qantas Point per $1 spent plus enjoy complimentary travel insurance and up to 44 interest-free days on purchases.

For the first 6 months, you'll receive a 0% p.a. interest rate on balance transfers. The card also gives you access to a world of special offers, privileges, travel and leisure perks. NAB offers you two cards conveniently linked into one, allowing you to earn maximum points when shopping and giving you more acceptability in outlets across the globe.

The NAB Qantas Rewards Premium Card offers the added benefits of a platinum card and lets you earn more Qantas reward points on everyday purchases up to $2,500 on each statement cycle.

Product NameNAB Qantas Rewards Premium Card
Rewards ProgramQantas Frequent Flyer
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 date1 October 2017
Annual fee$250 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 TypeAmerican Express/Visa
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
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 InsuranceYes
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$250 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
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 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

  • This card comes with promotional balance transfer rate of 0% p.a. for 6 months if you apply at the time of your credit card application.
  • Earn 1 points per $1 spent on eligible purchases with the American Express and 0.5 point per $1 spent on eligible purchases with the Visa card.
  • The NAB Qantas Rewards Premium Credit Card is a dual card account. Choose between using your American Express or Visa card depending on how many points you can accrue in each situation.
  • Cardholders are allowed one extra card pack featuring both the Visa and American Express at no extra cost.
  • Cardholders can benefit from complimentary insurance covers and concierge services.

Cons

  • This card only has an interest-free period of up to 44 days which is short when compared to other banks that offer up to 55 interest-free days.
  • Point caps could restrict potential points earning.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) Cap2,500
Rewards Points per $ (AMEX) Cap5,000
Points ExpiryNever

NAB Qantas Rewards Premium Card review

Do you want to earn Qantas Points as you spend? The NAB Qantas Rewards Premium Card could be worth your time and consideration. If you have an existing debt that's collecting high interest, you can take advantage of a low balance transfer offer to repay your debt faster and cheaper. If you'd prefer to use your card for purchases, you could also benefit from up to 44 interest-free days. You can also travel and shop with peace of mind thanks to complimentary travel and price protection insurances. Compare the benefits and features and discover whether this card is right for you.

Benefits of the NAB Qantas Rewards Premium Card

  • Balance transfer offer. This card comes with an introductory balance transfer rate of 0% p.a. for the first 6 months (with no balance transfer fee) if you apply for a balance transfer during your credit card application. At the end of this period, any unpaid balances will revert to the standard cash advance rate. This offer is only valid until 1 October 2017.
  • Earn reward points. You will earn reward points on your NAB Qantas Rewards Premium Card that you can redeem through the Qantas Frequent Flyer rewards program. Some of the perks available include vouchers, flights and a wide range of products from the Qantas frequent flyer store. You can earn 1 point per $1 spent on your American Express card on eligible purchases and flights, while earning 0.5 points per $1 spent on your Visa Card. You can also receive an additional 1 point per $1 spent on selected Qantas products and services.
  • Your premium card account. The NAB Qantas Rewards Premium Card offers you two cards: the NAB Qantas Rewards Premium American Express Card is designed to help you earn maximum reward points on eligible purchases while the Visa card offers you worldwide acceptability at more outlets, making shopping more convenient.
  • Complimentary Qantas Frequent Flyer membership. Joining the Qantas Frequent Flyer program allows you to earn Qantas reward points on your card. The points are credited directly to your membership account, which makes it much easier to earn points and redeem them for different perks such as flights and gift vouchers.
  • Overseas travel insurance.This insurance covers you for cancelled flights, any medical expenses incurred while overseas and lost luggage up to $20,000. You are also covered for missed connections, rental vehicle excess, hijack and personal liability. To be eligible for the insurance cover, you have to use your credit card to purchase at least $500 of your prepaid transportation expenses, accommodation expenses or organised land tour costs.
  • Price protection insurance. Your NAB Qantas Rewards Premium Card allows you to shop with confidence anywhere in Australia with the knowledge that you will be reimbursed the difference between an item charged on your card and a lower advertised price for that same item.
  • Interstate flight insurance. Get reimbursed for items lost or damaged during an interstate flight or if you have to cancel or amend your flight due to serious illness.
  • Transport travel insurance. You or members of your family are covered for serious injury or death in an accident while travelling.
  • Domestic hotel burglary insurance. You are covered for up to $2,500 for loss or damage of personal items due to burglary of your hotel or motel within Australia.

About NAB Credit Cards

NAB Qantas Rewards Premium Card features

  • Interest-free days. Enjoy up to 44 interest-free days on purchases.
  • Annual fee. The card attracts an annual fee of $250.
  • Interest rates. The card carries a 19.99% p.a. interest rate on purchases and 21.74% p.a. on cash advances. It also features a standard balance transfer rate of 0% p.a. for 6 months with a one-time 2% balance transfer fee (not available in conjunction with the introductory balance transfer offer).
  • Premium benefits. Your NAB Qantas Rewards Premium Visa Card offers access to round-the-clock emergency travel assistance and special shows, events and movies from Visa Entertainment. You can also use your Visa card to make contactless purchases.
  • Retail benefits. Your NAB Qantas Rewards Premium American Express Card allows you to connect to a variety of offers from retailers and travel and leisure possibilities. You also get to benefit from Globalshop, a shipping service for all your purchases made from UK and US online stores.
  • Complimentary insurances. Benefit from seven complimentary insurances on your card including Price Protection Insurance, Overseas Travel Insurance and Transport Travel Insurance.

How to apply for the NAB Qantas Rewards Premium Card

The application process will take 10-15 minutes and you will get a response within 60 seconds of completing the application. You have the option of verifying your ID online while applying so as to avoid bank queues. Please note that you have to meet the following eligibility criteria before getting approved for the card:

Eligibility criteria

  • Be at least 18 years of age
  • Be an permanent resident of Australia
  • Have a good credit rating

Required documents

  • Your full name, your contact information and current address
  • Your Australian driver's licence number
  • Information about your income and expenses
  • Your email address

The NAB Qantas Rewards Premium Card connects you to a world of offers, benefits and rewards. Learn more about the card to see if it suits your interests and lifestyle today.

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Credit Cards Comparison

Rates last updated June 23rd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent in the first 3 months, plus a $129 Virgin Australia Gift Voucher each year.
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
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
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) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 20 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 20 months with 2% balance transfer fee $90 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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