How to earn points on credit card purchases with NAB Rewards |

NAB Rewards guide

Turn your credit card expenses into gift cards, flights and cashback with the NAB Rewards program.

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The NAB Rewards program is the National Australia Bank's in-house rewards program. If you have a NAB credit card that's linked to this program, you'll earn points per $1 on all your eligible spending.

Once you’ve accumulated enough points, you can redeem them for a variety of rewards including frequent flyer points, a cashback in your account, homewares, electronics, charity donations and more. Keep reading to discover how you can earn and redeem rewards on your credit card purchases with NAB Rewards.

Compare NAB Rewards credit cards

You can earn NAB Rewards when spending with an NAB Rewards credit card. When you apply for one of these cards, you’re automatically enrolled into the program and you will begin earning points when you make eligible purchases. Exactly how many points you can collect will depend on the earn rate and bonus points offered by your card. You can compare your options below.

Data updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
NAB Qantas Rewards Signature Card
Qantas Frequent Flyer
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
NAB Rewards Business Signature Card
NAB Rewards
18.5% p.a.
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening. ABN required.
NAB Rewards Signature Card
NAB Rewards
19.99% p.a.
Earn up to 120,000 bonus NAB Rewards Points when you meet the spend criteria. Plus, a points booster and uncapped rewards earning potential.
NAB Rewards Platinum Card
NAB Rewards
19.99% p.a.
Collect 60,000 bonus points when you spend $1,000 within 60 days of account opening. Plus, receive complimentary insurance.

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How to earn NAB Rewards

Points Booster

As well as the card’s standard earn rates, you can also earn bonus points when you shop overseas and with NAB’s partnered retailers:

  • Foreign transactions. Whether you’re using your card on an overseas holiday or to make purchases online, you’ll earn three NAB points per dollar spent.
  • Webjet. If you use your NAB Rewards card to book a flight, vacation package or holiday extras via Webjet, you’ll earn a bonus triple points for every dollar spent.
  • Major department stores. Use your card with major retailers including Myer, David Jones, Bunnings, Mitre 10 and more and you’ll earn a bonus double NAB Rewards for every dollar spent.

Can I earn NAB Rewards on ATO payments?

Unfortunately, like other NAB credit cards, you can’t earn NAB Rewards points when making payments to the Australian Taxation Office.

What rewards can you redeem with NAB Rewards?

  • Frequent flyer partners. NAB Rewards credit cards let you transfer your NAB Rewards to three partner programs: Virgin Australia’s Velocity, Cathay Pacific Asia Miles, Air New Zealand’s Airpoints and Singapore Airlines KrisFlyer. You can transfer your points in multiples of 3,000 but the exchange rates will vary depending on which program you’re transferring your points to.
Frequent flyer programExchange rate
Velocity Frequent Flyer3 NAB Rewards points = 1.5 Velocity Point
Asia Miles3 NAB Rewards points = 1.0 Asia Mile
Airpoints3 NAB Rewards points = 0.015 Air New Zealand Dollars
KrisFlyer3 NAB Rewards points = 1.0 KrisFlyer Mile
  • Webjet. If you don’t belong to a frequent flyer program but still want to redeem your rewards for flights, you can use your NAB Rewards to book flights, hotel accommodation, car hire and travel packages through Webjet.
  • Gift cards. Treat yourself or a loved one with a gift card from popular brands including BP, Bunnings, Caltex, Coles Express, Coles, Country Road, David Jones, Good Food, Harvey Norman, iTunes, JB Hi-Fi, Kmart, Myer, Proud the Jewellers, Rebel Sport, RedBalloon, Supercheap Auto, Target and Woolworths Essentials.
  • Cashback. If you’d prefer to use your points to manage your finances, you can also redeem them for cashback on your NAB Rewards credit card or debit card account.
  • Business rewards. If you’re using the business NAB credit card, you can take advantage of corporate-themed perks including office supplies and business support services as well as wine and gift cards for employees.
  • Technology. Tech heads can redeem their NAB Rewards for anything from an Apple iPad or iMac to a Bose SoundTouch Wireless Music System or a Fuji Instax Mini Polaroid camera.
  • Homewares. You can redeem your NAB Rewards for kitchenware and electronics, towel sets, candles and air fresheners, glassware and linen sets in the NAB Rewards homewares section of their website. There are even popcorn and gelato makers up for grabs.
  • Sports and outdoors. Use your NAB Rewards to get some fresh air with camping gear including camping beds, tents and sleeping bags as well as sports equipment such as golf clubs, croquet sets and tennis racquets. You can also redeem your points for Fitbits, exercising equipment, gardening tools and barbeques. AFL fans will also be glad to know that you can use your points to pay for AFL memberships and tickets.
  • Fashion and accessories. Fashion gurus and beauty buffs can redeem their points for perfumes, eyewear, beauty products, watches and hair styling tools from some of the world’s most popular brands.
  • Charity donations. If you’d prefer to use your points to give back, you can redeem your NAB Rewards for donations to over 80 charities such as Amnesty International, the Cancer Council, Beyondblue, RSPCA, Alzheimer’s Australia and more.
  • Tickets and experiences. Turn your NAB Rewards into memories with tickets to Event Cinemas Gold Class, Hoyts Cinema Lux gift cards and RedBalloon gift vouchers.

Pay with points and cash

If you don’t have enough NAB Rewards points to redeem your chosen reward, you can use a points plus pay system to pay the remainder in cash. Plus, if you use your NAB Rewards credit card to pay the difference, you’ll earn NAB Rewards on the amount you charge.

How to redeem NAB Rewards?

  • Online. You can redeem your NAB Rewards by logging into your NAB Rewards account and visiting their online store. When you’ve found a reward you’d like to redeem, select “add to cart” and then check out just as you would at any online store.
  • Over the phone. You can redeem rewards over the phone by calling NAB Rewards on 13 22 65. Just make sure to have your membership number handy.

Traps to look out for with NAB Rewards

  • Points expiry. From the day you make the transaction and earn the points, you have 36 months to redeem your points before they expire. Look at your points balance to see which points will expire in the next three months. You can also view your Rewards statement to determine which points are due to expire in the next six months.
  • Ineligible transactions. You can’t earn NAB Rewards points on cash advances (including travellers cheques and bills paid over the counter at a bank, financial institution or post office), interest charges and other bank fees, ATO payments, balance transfers, foreign exchange or gambling purchases.
  • Exchange rates. As mentioned above, you can redeem your NAB Rewards for frequent flyer points with partnered airline programs. However, these come with exchange rates of three NAB Rewards for one frequent flyer point or less.

Other things to consider with the NAB Rewards program


  • Earn points as you spend. If you’re a frequent credit card spender who usually pays your account balance in full each month, reward points are an easy way to get something back for your expenses.
  • Bonus points. NAB Rewards credit cards offer bonus points. While you’ll be required to meet spend requirements to get the points, it’s a great way to boost your points balance.
  • Frequent flyer partners. Rather than earning points with one frequent flyer program, NAB Rewards gives you the opportunity to trade your credit card points with three frequent flyer programs. Just make sure you’re a member of the airline loyalty program you want to transfer your points to.
  • Flexibility of rewards. Whether you want to redeem your NAB Rewards for frequent flyer points, cashback, charity donations or products for your home, you’re not strapped for choice when deciding how to spend your points.


  • Exchange rates. If your reward goal is to redeem points with one frequent flyer program, you might benefit more from a frequent flyer card.
  • Expiry. Your points will expire within 36 months if they’re not used.
  • No dual cards. Unlike many other rewards cards, none of the NAB Rewards cards are dual American Express or Visa cards. Sometimes the American Express card comes with a higher earn rate and can be a good way to earn extra points on everyday purchases wherever AMEX is accepted.
  • Interest rates. The NAB Classic Rewards and the NAB Rewards Platinum Card have a purchase interest rate of 19.99% If you struggle to repay your balance in full each month, the interest costs you collect could potentially outweigh the value of your rewards.

The NAB Rewards program helps cardholders get extra value from their purchases. From frequent flyer rewards and cashbacks to travel packages and electronics, there are rewards to suit almost every type of cardholder. As the NAB Rewards isn’t the only credit card rewards program on the market, make sure to compare other rewards credit cards to find the right one for you.

Pictures: Shutterstock

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