The NAB Qantas Rewards Premium Credit Card earns 0.66 points per $1 to $3,000 spent per statement period and then 0.33 points per $1 spent up to $6,000. So if you plan to put more than $6,000 each month, you may want to compare credit cards to find one with a higher (or no) points cap.
NAB Qantas Rewards Premium Card
- Bonus points
- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- Annual fee for the first year ($250 p.a. thereafter)
- $150 p.a.
Up to 70,000 bonus Qantas Points offer
Discounted $150 first-year annual fee
Standard balance transfer rate of 0% p.a. for 12 months
Earn 0.66 points per $1 spent on eligible purchases
Complimentary insurance covers and concierge services
A 3% fee applies to any balances transferred
Offers up to 44 days interest-free on purchases, compared to other cards that offer up to 55 days
Points cap could restrict potential points earning
|Product Name||NAB Qantas Rewards Premium Card|
|Balance transfer rate p.a.||0% for 12 months with 3% balance transfer fee, then 21.74%|
|Balance transfer limit||90% of available limit|
|Purchase rate p.a.||19.99%|
|Interest-free period||Up to 44 days on purchases|
|Cash advance rate p.a.||21.74%|
|Min credit limit||$6,000|
|Max credit limit||$30,000|
|Available to temporary residents||Yes - Conditions apply|
|Rewards program||Qantas Frequent Flyer|
|Rewards points per $ spent||0.66|
|Rewards points cap||6,000|
|Annual fee||$150 first year ($250 after)|
|Minimum monthly repayment||2% of the closing balance or $25, whichever is greater|
|Late payment fee||$15|
|Foreign currency conversion fee||3%|
|Cash advance fee||3% or $3, whichever is greater|
|Overseas ATM withdrawal fee||$5|
|Additional cardholder fee||$0|
|Number of additional cardholders||1|
How to applyYou can apply for the NAB Qantas Rewards Premium Card online in around 15 minutes and could get a response in 60 seconds.
Before you get started, make sure you meet the eligibility requirements and have the necessary information to complete your application.
- Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal and Bridging.
- New cardholder. The bonus points offer and 0% balance transfer promotion are only available to new NAB customers.
- Eligible balance transfer debt. You can request to transfer up to 90% of your approved credit limit from Australian non-NAB credit card accounts.
- Age. You must be at least 18 years old to apply.
- Personal information. This includes your full name, residential address, email address, contact number and Australian driver's licence number.
- Employment and income. You need to provide details about your main source of income, job title 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.
- Finances. As well as your income, you need to provide details on your other assets, existing credit cards, debts and other liabilities. You'll also be asked to provide details of your share of regular spending on essentials such as utilities, groceries and subscriptions.
- Frequent flyer number. If you're already a Qantas Frequent Flyer, you'll need to include your frequent flyer membership number to start earning points.
- Balance transfer details. If you're conducting a balance transfer, you'll need to include how much you're transferring and some details about the old account.
- Up to 70,000 bonus Qantas Points. The NAB Qantas Reward Premium offers 60,000 bonus Qantas Points when you apply as a new cardholder and spend $2,000 on eligible purchases in the first 60 days from card approval. These points will be credited to your account within 3 months of meeting the spend requirement. You'll also get an additional 10,000 bonus Qantas Points when you keep the card open for at least 12 months. And these points will be credited in the 13th month. There is no specified expiry date for this offer but NAB may withdraw or vary it at any time.
- Discounted first-year annual fee. New cardholders pay a discounted $150 annual fee in the first year with this introductory offer. After the first year, a $250 p.a. annual fee applies.
- Qantas Points per $1 spent. This card earns 0.66 Qantas Points per $1 on eligible purchases for the first $3,000 per statement period, then 0.33 points per $1 for spending up to $6,000 in that statement period. You also earn 1 additional Qantas Point per $1 on eligible spending with Qantas. Eligible purchases include most everyday spending but transactions that don't earn points include cash advances, balance transfers and payments to the ATO.
- Complimentary insurance. This card offers five complimentary insurance covers issued by Allianz. You can enjoy the eligible purchases you’ve made with the card and also be covered by purchase protection insurance and extended warranty insurance. You can also get domestic flight insurance and car rental excess in Australia insurance. A qualifying purchase is required to get insurance cover.
- Concierge service. Your 24/7 concierge service can help you with travel bookings, restaurant recommendations and reservations, securing concert tickets and more.
- Complimentary Qantas Frequent Flyer membership. If you're not already a Qantas Frequent Flyer member, this card will waive the standard joining fee of $99.50.
- Balance transfer offer. This card offers an introductory 0% p.a. interest rate on balance transfers for 12 months with a 3% balance transfer fee. But keep in mind that minimum monthly repayments are required and any unpaid balances will attract the variable cash advance rate at the end of the introductory period. So, similar to other balance transfer offers, you'll typically get more value from it if you focus on paying off the transferred balance before using the card to earn points per $1 on new spending.
- Mobile wallets. You can add this card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay to make payments straight from your device/s.
Rates & fees
- Annual fee. Outside of any promotions, the NAB Qantas Rewards Premium Card charges an annual fee of $250.
- Purchase rate. The 19.99% p.a. variable interest rate for purchases made with this card is around the average standard rate for credit cards in Australia in 2023.
- Interest-free days. You'll get up to 44 days interest-free on purchases when you pay your balance in full. Or, if your statement shows an "interest free days amount", when you pay that amount in full by the statement due date.
- Cash advance rate. This card charges a variable cash advance rate of 21.74% p.a.
- International transaction fee. A fee worth 3% of the Australian dollar amount applies when you use this card for foreign currency transactions.
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- Your answer might already be waiting – check previous questions below to see if yours has already been asked
July 31, 2023
Re this point “These points will be credited to your account within 3 months of meeting the spend requirement.” How long does it take on average for the points to be added to the Qantas account? Will the points still be there should I decide to cancel the card?
Amy Bradney-George Finder
July 31, 2023
The terms and conditions for this offer simply state that points will be added to your Qantas Frequent Flyer account “within 3 months of meeting the spend requirement”, so you’ll typically need to factor that timeframe into your decision. If you have further questions about this offer, you can contact NAB on 13 22 65. It’s also worth noting that points earned per $1 of eligible spending on this card are typically added to your frequent flyer account after each statement period (within 2 days of the closing date on your statement).
In regards to cancelling the card, any points that have been added to your Qantas Frequent Flyer account will remain there, subject to the Qantas Frequent Flyer terms and conditions. I hope this helps.
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July 11, 2023
Hi, I’m traveling interstate and hiring a car, it would seem this card (which I have) offers car rental insurance excess of up $5000, if I opt to not take the car hire companies insurance my excess will be $4,100.
1. Does this mean I am fully covered by the the credit card for the insurance excess
2. Do I need to do anything before hiring the car ior do I just contact NAB after the fact if I did need to claim the $4,100 excess?
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Richard Whitten Finder
July 12, 2023
If you’re an existing cardholder then I suggest contacting NAB directly. They can provide more detailed answers than we can.
July 04, 2023
Morning, what is classed as eligible services. i am currently looking at building up qantas points.
Elizabeth Barry Finder
July 10, 2023
Thanks for your question.
Eligible spending to earn Qantas Points includes most everyday transactions.
NAB considers these types of transactions as ineligible and you therefore will not earn points: Cash advances, bank charges, balance transfers, buying foreign exchange or travellers cheques, ATO payments, transactions where a cardholder uses a card to access linked transaction accounts and transactions for gambling or gaming purposes.
Hope this helps,
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May 28, 2018
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.
May 28, 2018
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:
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.
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June 02, 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?
June 02, 2017
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.
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