NAB Rewards Platinum Card

Collect 60,000 bonus points and enjoy complimentary insurance covers plus premium perks like a 24/7 concierge service.

The NAB Rewards Platinum earns points that can be redeemed for merchandise, frequent flyer points and more. It also offers six complimentary insurance options, including purchase protection and interstate flight inconvenience covers.

If you apply and are approved for this card, you can get 60,000 bonus points by spending $1,000 on everyday purchases within the first 60 days. You can also enjoy 0% p.a. for 6 months on balance transfers (with a 2% balance transfer fee) if you apply for the balance transfer at the time of the credit card application.

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Sally McMullen

Last Updated Mar 30, 2021

0% p.a.

Balance transfer rate

for 6 months with 2% balance transfer fee

60,000

Bonus points

19.99% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	NAB Rewards Platinum Card
Rewards program	NAB Rewards
Balance transfer rate	0% p.a. for 6 months with 2% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	90% of available limit
Purchase rate	19.99% p.a.
Annual fee	$195
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes

Pros

You can receive 60,000 bonus points when you spend $1,000 on everyday purchases within 60 days from account opening.
Offers 6 types of complimentary insurance including extended warranty insurance, purchase protection insurance and interstate flight inconvenience insurance
Extended Warranty Insurance and Interstate Flight Inconvenience Insurance.
Enjoy Visa Premium Access and a 24/7 access to the NAB Platinum Concierge Services.

Cons

This card comes with only up to 44 days interest-free on purchases, as opposed to most cards that offer up to 55 days.

Rewards program	NAB Rewards
Bonus points	60,000
Rewards points per $ spent	1

Annual fee	$195
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	2% or $2.50, whichever is greater
Overseas cash advance fee	2% or $2.50, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The NAB Rewards Platinum card is suited to cardholders who want to reward their spending but prefer the flexibility of bank reward points. You can use your points to book travel through Webjet, purchase products from the NAB Rewards store or exchange for partnered frequent flyer points with Virgin Australia’s Velocity, Cathay Pacific’s Asia Miles, Singapore Airlines KrisFlyer or Air New Zealand's Airpoints Dollars.

You can transfer a minimum of 3,000 NAB Rewards Points for 1,500 Velocity Points, 1,000 KrisFlyer Miles, 1,000 Asia Miles or 15 Air New Zealand Airpoints Dollars. As an example, you could exchange 60,000 NAB Rewards Points for 30,000 Velocity Points. As KrisFlyer, Asia Miles and Air New Zealand Airpoints aren’t directly linked with any Australian rewards credit card, this could be a good option if you belong to one of these programs.

Many Australian card issuers offer their own rewards programs linked with frequent flyer partners, so make sure to compare your options before you apply.

How to apply

You can apply for the NAB Rewards Platinum card online in 15 minutes and receive a response within 60 seconds. Before you start, make sure you meet the eligibility requirements and have the necessary documents to complete the application.

Eligibility criteria

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.
Eligible balance transfer debt. You can transfer up to 90% of your approved credit limit from non-NAB accounts.

New customer. The bonus points and 0% balance transfer offers are only available to new NAB customers.
Age. You must be at least 18 years old to apply.

Required documents

Personal information. This includes your full name, date of birth, marital status, residential address, email address and contact number. You're also required to provide identification, such as your driver's licence number.
Employment. This includes your employer's name and contact details, your role and the length of time you've worked there. You'll also need to provide details of your salary and may be asked to submit recent payslips or bank statements.
Finances. As well as your income, this includes details of any assets such as savings, shares or investments. You'll also need to provide information about existing cards, loans, other debts and ongoing financial responsibilities and expenses (ie groceries and fuel).
Balance transfer details. If you're conducting a balance transfer, you'll need to include how much you're moving and your previous account details.

Card benefits

Bonus points offer. Spend $1,000 on eligible purchases within 60 days of card approval and you'll unlock 60,000 bonus NAB Rewards Points.
Earn NAB Rewards Points. You'll earn 1 NAB Rewards Point per $1 spent on eligible purchases. You'll also earn 2 additional NAB Rewards Points when you use your card to make international transactions and 1 additional NAB Rewards Point when you shop in-store and online at major stores including Myer, David Jones, Bunnings, Mitre 10 and more.

Redeem rewards. You can redeem your points for a variety of rewards including travel with Webjet, experiences, gift cards, merchandise and partnered frequent flyer points. You can get 1.5 Velocity Points, 1 KrisFlyer Mile, 1 Asia Mile or $0.015 Airpoints Dollars for every 3 NAB Rewards points you transfer.
Balance transfer offer. This card offers a balance transfer rate of 0% p.a. for the first 6 months when you apply online during the promotional period. A one-time balance transfer fee of 2% applies. At the end of the introductory period, any remaining balance from your transfer will attract the variable cash advance rate.
Complimentary insurance. The NAB Rewards Platinum offers six types of complimentary insurance: interstate flight inconvenience insurance, purchase protection insurance, extended warranty insurance, car rental excess in Australia insurance, transit accident insurance and international travel insurance. The complimentary insurance is issued by Allianz. Check the NAB Card Insurance Policy Information Booklet for full details of when you’ll get cover.
NAB Concierge. Your 24/7 concierge service can help you with tasks such as travel planning and bookings, entertainment tickets, flower deliveries and restaurant recommendations and bookings.
Visa benefits. The NAB Rewards Platinum Card offers contactless payments via Visa payWave, exclusive ticket and experience offers through Visa Offers + Perks, and extra security online through Verified by Visa. As a platinum card, you also gain access to a variety of premium Visa benefits, including priority access to pre-released tickets through Visa Front Line.
Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Annual fee. This card charges an annual fee of $195 p.a.
Purchase rate. A 19.99% p.a. standard variable interest rate applies to purchases made on this card.

Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Cash advance rate. The standard variable rate for cash advance transactions is 21.74% p.a.
Cash advance fee. If you use the NAB Rewards Platinum Card to withdraw cash or for another type of cash equivalent transaction, you'll pay a fee of 2% or $2.50, whichever is greater.
Credit limits. This card has a minimum credit limit of $6,000 and a maximum credit limit of $30,000.
International transaction fee. When you use this card for foreign currency transactions (such as shopping overseas or online with an international merchant), a fee worth 3% of the total Australian dollar amount applies.

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30 Comments

BK
June 1, 2018

HOW MUCH YEARLY INCOME IS REQUIRED FOR A NAB CREDIT CARD WITH 60000 TO 100000 QANTAS FREQUENT FLYER POINTS

Nikki
June 1, 2018

Hi BK,

Thanks for getting in touch!

As per the application requirements of NAB Rewards Platinum Card:

Employment details. This includes your employer’s name and contact details, your role and the length of time you’ve worked there. You’ll also need to provide details of your salary and may be asked to submit recent payslips or bank statements.

Regarding the amount of income required, this will be reviewed by the bank. If you wish to apply, you may ask if your income is suffice to apply for this credit card.

Hope this clarifies!

Thanks,
Nikki

Dinesh
October 20, 2017

I have book a flight through Nab Platinum Card for my Son who is my dependent and he is travelling alone, Is he covered if I paid his ticket through my Card.

Maria
October 20, 2017

Hi Dinesh,

Thank you for reaching out to Finder.

Your son would have to travel with you to be covered under the complimentary travel insurance policy of your NAB Rewards Platinum Card. You may want to check the other eligibility requirements from our complete guide to NAB Complimentary Travel Insurance.

Best,
Maria

Ben
June 29, 2017

Hi, I booked a trip overseas for myself and my wife paying with my Platinum NAB card. Are we both covered for travel insurance, and where can I get the documentation to print out?

Thanks

Ben

Jonathan
June 29, 2017

Hi Ben!

Please refer to the Overview of Travel and Medical Insurance Cover by NAB Rewards Card:

You may access the benefit of this Overseas travel and medical insurance cover:
1. if you meet the eligibility criteria; and
2. the loss or damage occurs during the period of cover.

Eligibility criteria

1. You were ninety (90) years of age or under before the date of departure for your trip; and
2. You (or the accompanying NAB Cardholder) had purchased on a NAB card a minimum of $500* (inclusive of taxes and other charges) of pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) prior to the commencement of the trip. The purchase must be debited to a NAB Card prior to your departure from Australia. The purchase must also have been transacted in one of the following ways: – If using your NAB Credit Card – purchases using your credit card facility directly charged by the merchant or using the linked PayPal account; or – If using your NAB Gold Visa Debit Card – purchases using your debit card either by using the physical card or by providing the debit card number when paying for your purchases or using linked PayPal account.

Usually, QBE will respond to requests from NAB Cardholders seeking a policy number by providing a letter of eligibility which sets out: (a) the NAB Cards Insurances policy number; and (b) the eligibility criteria.

You can go click “Go to Site” of this page. Once redirected to NAB website, look for “Important Information” and download the Product Disclosure Statement of NAB Insurance Policy to get the full details and QBE Hotline.

Hope this helps.

Cheers,
Jonathan

Wei
June 25, 2017

Hi,

If i made an online purchase from an international seller (eg: amazon) what would the charges be?

Thank you.

finder Customer Care

Rench
June 25, 2017

Hi Wei,

Thanks for your inquiry.

There are no charges if you will be using your NAB Rewards Platinum Card when purchasing through international sellers/online stores, like Amazon. You will be informed by the seller/store if there are any fees that will include in your purchase. It should show the rundown and total of your purchase on the provided online receipt.

Cheers,
Rench

Greg
May 20, 2017

If I get this NAB Platinum card, can I transfer points to Qantas Frequent Flyer points on a 1 for 1 basis?

finder Customer Care

Jason
May 21, 2017

Hi Greg,

Thank you for your inquiry.

NAB Rewards points are not transferable to Qantas Frequent Flyer program. However, you may redeem them for Air New Zealand’s Airpoints, Asia Miles and Virgin Australia’s Velocity points.

You can redeem either 0.005 Airpoints Dollars or 0.33 Asia Miles or 0.5 Velocity points for every NAB Rewards point, with a minimum transfer amount of 3,000 NAB Rewards points.

I hope this helps.

Kind regards,
Jason

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