NAB Qantas Rewards Premium Credit Card

Last updated:  

Earn 30,000 bonus Qantas Points, get seven complimentary insurance covers and enjoy platinum perks with the NAB Qantas Rewards Premium.

The NAB Qantas Rewards Premium earns points as you spend to redeem for flights, merchandise and more. You can also save on costs with complimentary overseas travel insurance.

30,000

Bonus points

19.99% p.a.

Purchase rate

0.66

Reward points

Per $ spent (Visa/Mastercard)

$250 p.a.

Annual fee

Details

Product NameNAB Qantas Rewards Premium Card
Rewards ProgramQantas Frequent Flyer
Balance Transfer Rate0% for 6 months with 2% balance transfer fee
Balance Transfer Revert RateCash Advance Rate (21.74% p.a.)
Balance Transfer Limit90% of available balance
Purchase Rate19.99% p.a.
Annual Fee$250
Interest Free Period44 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$6,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • 30,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening
  • Standard balance transfer rate of 0% for 6 months
  • Earn 0.66 points per $1 spent on eligible purchases
  • Complimentary insurance covers and concierge services

Cons

  • Offers 44 days days interest-free days on purchases, compared to other cards that offer up to 55
  • Points cap could restrict potential points earning
Rewards ProgramQantas Frequent Flyer
Bonus Points30,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.66
Rewards Points per $ Cap (Visa/Mastercard)6,000
Annual Fee$250
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders1

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The NAB Qantas Rewards Premium credit card has a modest bonus points offer. It’s one of the lower bonus Qantas Points promotions on the market, but it’s still enough points to book your next flight. You can use 30,000 bonus points to fly Economy from Brisbane to Hong Kong (28,000 Qantas Points), return from Sydney to Melbourne (8,000 Qantas Points each way). It’s also almost enough to fly from Sydney to Honolulu or Shanghai in Economy (both 35,000 Qantas Points).

You can earn up to 0.66 points per $1 spent up to $3,000 spent per statement period and then 0.33 points per $1 spent up to $6,000. If you plan to put more than $6,000 on your plastic each month, you may want to consider a card with a higher (or no) points cap.

How to apply

You can apply for the NAB Qantas Rewards Premium Credit Card online in 25 minutes and receive a response within 60 seconds. If you're approved, you'll receive your card in up to five business days.

Before you get started, make sure you meet the eligibility requirements and have the necessary information to complete your application.

Eligibility criteria

  • Residency. You can apply for this card as an Australian citizen, permanent resident or temporary resident. If you are not a citizen or permanent resident, you will need to provide the last overseas address where you lived, as well as other details of your residency status.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Concierge service. Your 24/7 concierge service can help you with travel bookings, restaurant recommendations and reservations, securing concert tickets and more.
  • Earn Qantas Points as you spend. You will earn 0.66 points per $1 on eligible purchases for the first $3,000 spent per statement period. For spending between $3,001 and $6,000 in a statement period, you will earn 0.33 points per $1 spent on your eligible purchases.

Rates & fees

  • Annual fee. This card has a standard annual fee of $250.
  • Purchase rate. Your purchases will collect a standard variable interest rate of 19.99% p.a.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

109 Comments

  1. Default Gravatar
    Paul
    May 28, 2018

    Hi There,

    Is there a online calculator I could use to work out how much points I could potentially earn from the amount I spend. I am planning on spending around $8000.

    • AvatarStaff
      Nikki
      May 28, 2018

      Hi Paul,

      I’m afraid that there’s no available online calculator to compute points. Although, this is how you may compute your $8,000 spending, manually:

      Notes:
      You will earn 0.66 points per $1 on eligible purchases for the first $3,000 spent per statement period.
      For spending between $3,001 and $6,000 in a statement period, you will earn 0.33 points per $1 spent on your eligible purchases.
      There’s a cap of 3,000 points for every statement period.

      How to compute:
      0.66 x $3,000 = 1,980 points (earned in the first statement period)
      0.33 x $5,000 = 1,650 points (earned in your next statement period)

      You can also log into your NAB online banking account where you can conveniently view your points and redeem them when you’re ready.

      Cheers,
      Nikki

  2. Default Gravatar
    Mackey
    June 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?

    • AvatarStaff
      Rench
      June 3, 2017

      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

  3. Default Gravatar
    Kerry
    May 17, 2017

    What does concierge service mean give examples please

    • AvatarStaff
      May
      May 17, 2017

      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

  4. Default Gravatar
    Liz
    April 3, 2017

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

    • AvatarStaff
      Dee
      April 4, 2017

      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

  5. Default Gravatar
    Kylie
    March 6, 2017

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

    • AvatarStaff
      Dee
      March 7, 2017

      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

  6. Default Gravatar
    Sunny
    January 17, 2017

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

    • AvatarStaff
      May
      January 17, 2017

      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

  7. Default Gravatar
    robin
    August 16, 2016

    is there an age limit for travel insurance?

    does the spend limit apply to both cards separately?

    • AvatarStaff
      May
      August 16, 2016

      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

  8. Default Gravatar
    Matt
    March 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?

    • AvatarStaff
      Sharon
      April 11, 2016

      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

  9. Default Gravatar
    terrance
    March 12, 2016

    How do i activate my platinum card without going into branch

    • AvatarStaff
      Ysa
      March 13, 2016

      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

  10. Default Gravatar
    Gerry
    March 8, 2016

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

    • AvatarStaff
      Sharon
      March 9, 2016

      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

Ask a question
Go to site