NAB Qantas Rewards Premium Credit Card – Rates and Fees

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Receive 25,000 bonus points, enjoy Qantas Points earning and complimentary travel insurance with the NAB Qantas Rewards Premium Credit Card.

The NAB Qantas Rewards Premium Card is built around the premise that “more is better”. Its range of features includes rewards, complimentary insurance, platinum concierge services, travel perks and dining benefits.

If you're struggling to repay an existing debt, you can also take advantage of a balance transfer rate of 4.99% p.a. for the first 6 months.

Product NameNAB Qantas Rewards Premium Card
Rewards ProgramQantas Frequent Flyer
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.
Offer end date25 February 2018
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 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
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes
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
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

  • Receive 25,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
  • A standard balance transfer rate of 4.99% p.a. for 6 months
  • Earn 0.66 points per $1 spent on eligible purchases with this card.
  • Cardholders can benefit from complimentary insurance covers and concierge services.

Cons

  • This card has an interest-free period of only up to 44 days, as compared to other banks that offer up to 55 interest-free days.
  • Points cap could restrict potential points earning.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up25,000
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (VISA/MC) Cap3,000
Points ExpiryNever

NAB Qantas Rewards Premium Credit Card review

The NAB Qantas Rewards Premium card provides a host of exclusive benefits for frequent flyers and big spenders alike, including a complimentary Qantas Frequent Flyer membership, Qantas Points for everyday spending and a range of complimentary insurance covers. The standard balance transfer rate also gives you ways to save on interest charges for 6 months. When you apply by 25 February 2018 and spend at least $2,500 on eligible purchases within the first 60 days of account opening, you will receive 25,000 bonus Qantas Points.

It has a standard annual fee of $250 and the rewards earn rate is slightly lower than some of the other premium cards on the market. Compare the features and fees of this card to determine whether it is right for you.

Benefits of using a NAB Qantas Rewards Premium Credit Card

  • Bonus points offer. Apply by 25 February 2018 and enjoy 25,000 bonus Qantas Points when you get approved and make $2,500 worth of everyday purchases within the first 60 days.
  • Earn Qantas Points for your spending. You can earn 0.66 points per $1 on your Visa Card for the first $3,000 per statement period. For spend from $3,001 to $6,000 per statement period, you can earn 0.33 points per $1 spent. It also comes with Visa Front Line Access that allows you to reserve tickets to some of the biggest events before they go on sale to the general public.
  • Complimentary Qantas Frequent Flyer membership. If you're not already a Qantas Frequent Flyer member, this card will waive the standard joining fee of $89.50.
  • Complimentary insurance. This card offers a range of complimentary insurance covers. You can travel with peace of mind with overseas travel insurance, interstate flight insurance, transport accident insurance and domestic hotel burglary insurance, issued by QBE. Items you buy with the card can also be covered by price protection insurance, purchase protection insurance and extended warranty insurance.
  • Concierge service. Get 24/7 access to your own personal assistant, provided by Visa Worldwide, for travel and lifestyle services with the NAB Concierge Service.

Features of the NAB Qantas Rewards Premium Credit Card

  • Annual fee. This card has a standard annual fee of $250.
  • Balance transfer. You can take advantage of a 4.99% p.a. interest rate on balance transfers for 6 months. Any unpaid balances will attract the standard cash advance rate. Note that minimum monthly repayments are required.
  • Purchase rate. Your purchases will collect a standard variable interest rate of 19.99% p.a.
  • Cash advance rate. This card charges a standard variable cash advance rate of 21.74% p.a.
  • Interest-free days. This card offers up to 44 interest-free days on purchases if you pay your balance in full by the due date on each statement.
  • Points cap. Points are capped once you spend $6,000 on eligible purchases per statement period.
  • Additional card. Maximise your points earning and manage your family spending in one account by requesting 1 additional cardholder for a $0 annual fee.
  • Security. This card comes with fraud monitoring and protection through the NAB Defence service. It also gives you access to the Verified by Visa to reduce online fraud, offers 24/7 emergency assistance and includes a zero liability policy for fraudulent transactions.
  • Currency conversion fee. A fee of 3% applies when you use your NAB Qantas Rewards Premium Visa card for transactions made in a foreign currency.

How to apply for the NAB Qantas Rewards Premium Credit Card

Applying for the NAB Qantas Rewards Premium Credit Card is simple and can be done online. Before you begin your application, it’s important that you read the terms and conditions to ensure you meet the following eligibility requirements.

Eligibility criteria checklist

  • You must be at least 18 years of age.
  • You must be a permanent resident.
  • You must have good credit history.

Documents and information you'll need to provide

Ensure the application process goes smoothly by organising the following documents before applying.

  • Personal details. This includes your full name, residential address, email address, contact number and Australian driver’s licence number.
  • Employment details. This includes your position, salary, and your employer's name and contact details. You may also be asked to provide several recent payslips or your latest Tax Statement and accountant's details.
  • Financial details. This includes details of your financial assets, including income from investments or savings accounts. It also includes any existing debts or other financial responsibilities such as mortgage payments, household bills and grocery spending.

Once you have provided all the requested information, just review the application and submit it. NAB will give you a response in 60 seconds and, if approved, you should get your new card within 5-7 working days.

The NAB Qantas Premium Credit Card offers a range of complimentary extras and earns Qantas Frequent Flyer rewards for everyday spending. If you're considering this card, make sure the perks and potential points available will offset costs such as the $250 annual fee so that you can choose a product that suits your circumstances and your needs.

Frequently asked questions about the NAB Qantas Rewards Premium Credit Card

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    108 Responses

    1. Default Gravatar
      MackeyJune 2, 2017

      Hi, I’m about to travel interstate. If I hire a car using my nab Qantas card, will my complimentary travel insurance give me total insurance protection, or do I need to purchase additional insurance from the car hire company?

      • Staff
        RenchJune 3, 2017Staff

        Hi Mackey,

        Thanks for your inquiry. Please note that we are not affiliated with NAB or any company we feature on our site and so we can only offer a general advice.

        Yes, NAB Qantas Rewards Premium Credit Card includes Interstate flight insurance under their complimentary travel insurance. You may be covered for rental vehicle insurance excess if you rent a car. There are more insurances covered for this card as stated on this page.

        We suggest contacting NAB directly to confirm this info or visit their official site.

        Hope this helps.

        Best regards,
        Rench

    2. Default Gravatar
      KerryMay 17, 2017

      What does concierge service mean give examples please

      • Staff
        MayMay 17, 2017Staff

        Hi Kerry,

        Thank you for your inquiry.

        The NAB Platinum Concierge Service is one of the card’s benefits – it’s like you have your own personal assistant where you can contact their customer support if you need help in:

        _ flower delivery
        - car and limousine rentals
        - finding, booking, and delivering tickets for live music, sports, and shows
        - hotel, restaurant or club reservations and much more.

        Cheers,
        May

    3. Default Gravatar
      LizApril 3, 2017

      Do you still offer a complimentary domestic flight with this card/s?

      • Staff
        AnndyApril 4, 2017Staff

        Hi Liz,

        Thanks for your question.

        Yes, NAB Qantas Rewards Premium Credit Card offers interstate flight insurance and domestic hotel burglary insurance, subject to eligibility criteria.

        Cheers,
        Anndy

    4. Default Gravatar
      KylieMarch 6, 2017

      Do the points automatically transfer to Qantas? To review points collected to we go to Qantas or nab?

      • Staff
        AnndyMarch 7, 2017Staff

        Hi Kylie,

        Thanks for your question.

        Kindly note that with this credit card, the Qantas Points are earned on net purchases during a card account statement period. Your total points earned in a statement period will be credited to your Qantas Membership Account within two business days following the closing date of each statement period.

        You can check the total points you have accumulated by logging in to your Qantas frequent flyer account.

        Cheers,
        Anndy

    5. Default Gravatar
      SunnyJanuary 17, 2017

      What is meant by ‘making everyday purchases’? Are there restrictions on this, i.e. would I be limited to specific shops etc

      • Staff
        MayJanuary 17, 2017Staff

        Hi Sunny,

        Thanks for your question.

        As stated in the fine prints on NAB’s page “everyday purchases” exclude transactions NAB decides are wholly or partly for gambling or gaming purchases.

        Cheers,
        May

    6. Default Gravatar
      August 16, 2016

      is there an age limit for travel insurance?

      does the spend limit apply to both cards separately?

      • Staff
        MayAugust 16, 2016Staff

        Hi Robin,

        Thank you for your inquiry. Just to confirm though that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually NAB nor QBE Insurance.

        NAB complimentary travel insurance is attached to the NAB Premium or NAB flybuys Rewards credit cards.

        As for the age limit to get cover, you must be 90 years of age or under before you leave for your trip. Cardholders between the ages of 76 and 90 years receive limited benefits compared to cardholders aged 75 years and under. Please refer to the Schedule of Benefits for more details outlined in the PDS I sent to your email.

        Furthermore, prior to your trip, you must purchase a minimum of AU$500 (inclusive of taxes and other charges) in pre-booked transportation costs that include fares by air, rail, road or watercraft and/or land content costs such as tours, hire cars or other hired transport and accommodation on your NAB Premium or NAB flybuys Rewards Card.

        I hope this has helped.

        Cheers,
        May

    7. Default Gravatar
      MattMarch 30, 2016

      regarding the bonus points nabs terms state “Your NAB credit card account must be open at time of points fulfilment.”
      what do they mean by tome of fulfilment? does the card have to be open when you use the bonus qantas points or does it only have to be open when the points are put on your frequent flyer account?

      • Staff
        SharonApril 11, 2016Staff

        Hi Matt, thanks for your question.

        The time of points fulfilment means the period that the bonus points will be credited to your account.

        Cheers,

        sharon

    8. Default Gravatar
      terranceMarch 12, 2016

      How do i activate my platinum card without going into branch

      • Staff
        YsaMarch 13, 2016Staff

        Hi Terrance,

        Thanks for your question.
        You should be able to activate your credit card via your online account or over the phone.
        I’ve emailed you the NAB’s contact details for your convenience.

        Cheers,
        Ysa

    9. Default Gravatar
      GerryMarch 8, 2016

      can husband and wife have a card each on the one account

      • Staff
        SharonMarch 9, 2016Staff

        Hi Gerry,

        Thanks for your inquiry.

        If you are applying for the card, you can add your wife as an additional cardholder at no extra cost. Just remember that you’re still responsible for the card since it is under your account.

        Cheers,

        Sharon

    10. Default Gravatar
      February 18, 2016

      I have several council rate bills due to be paid by the end of this month as well as the land tax bill from the Victorian State Revenue Office. I’m wondering how I can earn QFF when I pay these bills via my credit cards?

      • Staff
        JonathanFebruary 19, 2016Staff

        Hi Thoi, thanks for your inquiry!

        Unfortunately government charges and tax payments do not qualify for Qantas Frequent Flyer points.

        Cheers,

        Jonathan

    Credit Cards Comparison

    Rates last updated November 24th, 2017
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    $0 p.a. annual fee for the first year ($99 p.a. thereafter)
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    0% p.a. for 18 months
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