NAB Qantas Rewards Premium Credit Card – Rates and Fees

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Receive 25,000 bonus points, enjoy up to 1 Qantas Point per $1 spent 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 an introductory interest rate of 0% p.a. on balance transfers for the first 6 months if you apply for the balance transfer at the time of your credit card application. Please note that you're required to make minimum monthly repayments and the promotional balance transfer reverts to the cash advance rate once the introductory offer ends.

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 date12 November 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 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
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

  • Receive 25,000 bonus points when you spend $2,500 on everyday purchases within 60 days of account opening.
  • Promotional balance transfer rate of 0% p.a. for 6 months if you apply at the time of your credit card application.
  • Earn 1 point per $1 spent on eligible purchases with the American Express and 0.5 points per $1 spent on eligible purchases with the Visa 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)0.5
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) Cap2,500
Rewards Points per $ (AMEX) Cap5,000
Points ExpiryNever

NAB Qantas Rewards Premium Credit Card review

The NAB Qantas Rewards Premium card provides a host of exclusive benefits for frequent flyers and big spenders alike, including 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 12 November 2017 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 12 November 2017 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 up to 1 Qantas Point for your spending. You can earn 1 point per $1 on the Amex card and 0.5 points per $1 on your Visa card. You can also earn 1 bonus point per $1 spent on selected Qantas products and services.
  • Special offer of 0% p.a. for 6 months on balance transfers. You can use this card to save money on interest charges by taking advantage of 0% p.a. interest on balance transfers 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, however, any unpaid balances will revert to the standard cash advance rate, minimum monthly repayments are also required. This offer ends on 12 November 2017.
  • 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 options. 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. Plus your spouse and dependent children will also be covered for travel insurance if they're travelling with you and you spend $500 of their travel costs using the card. Items you buy with the card can also be covered by price protection insurance, purchase protection insurance and extended warranty insurance.
  • Dual card account. The NAB Qantas Rewards Premium Card comes with both a Visa card and an American Express companion card to maximise the potential points you can earn. This means you can take advantage of some of the finest shopping, dining, travel and entertainment offers available with Amex Connect. 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.
  • 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.
  • Standard balance transfer rate. You can consolidate your debt with the 0% p.a. for 6 months balance transfer offer with a new NAB Qantas Rewards Premium Card (not available in conjunction with the introductory balance transfer offer). A one-time 2% balance transfer fee applies.
  • 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 $5,000 on eligible purchases per statement period. The Qantas points earned will be allocated on a tiered basis over each statement period first on your AMEX card spend, then on your Visa card spend.
  • 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 and American Express SafeKey services 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 or Amex 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

When traveling abroad, your spouse and dependent children are covered under the insurance cover so long as they meet the other eligibility requirements. The insurance will be activated once you've used the card to make a minimum of $500 prepaid travel costs for yourself, your spouse and any dependent children. The extent of insurance and exclusions can be found on the company’s insurance document.
There are several exclusions within the insurance cover that limit the extent to which insurance is provided. In general, pre-existing medical conditions are not eligible for coverage, but there may be exceptions. You can refer to the NAB card insurance policy booklet available on the bank's website for full details, or call the underwriting insurance provider, QBE on 1800 187 025 for further information.
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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 September 24th, 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.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
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.

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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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