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NAB Rewards Platinum Card

Sally McMullen
Sally McMullen
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Collect 60,000 bonus points, save with complimentary insurance covers and enjoy 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 offers seven complimentary insurances, including overseas travel insurance.

0% p.a.

Balance transfer rate

for 6 months with 2% balance transfer fee

60,000

Bonus points

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

Details

Product NameNAB Rewards Platinum Card
Rewards ProgramNAB Rewards
Balance transfer rate0% p.a. 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 rate (p.a.)19.99% p.a.
Annual fee$195 p.a.
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

  • You can receive 60,000 bonus points when you spend $1,000 on everyday purchases within 60 days from account opening.
  • Benefit from a range of complimentary insurances such as Overseas Travel Insurance, Extended Warranty Insurance and Interstate Flight Inconvenience Insurance.
  • Enjoy Visa Front Line 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 ProgramNAB Rewards
Bonus Points60,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Annual fee$195 p.a.
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
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 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.

How to apply

You can apply for the NAB Rewards Platinum card online in 25 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.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • 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.

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.

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30 Comments

  1. Default Gravatar
    BK
    June 1, 2018

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

    Reply
    • AvatarStaff
      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

      Reply
  2. Default Gravatar
    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.

    Reply
    • Default Gravatar
      Maria
      October 20, 2017

      Hi Dinesh,

      Thank you for reaching out to us.

      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 on this page on our Complete Guide to NAB Complimentary Travel Insurance.

      Best,
      Maria

      Reply
  3. Default Gravatar
    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

    Reply
    • Default Gravatar
      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

      Reply
  4. Default Gravatar
    Wei
    June 25, 2017

    Hi,

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

    Thank you.

    Reply
    • AvatarStaff
      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

      Reply
  5. Default Gravatar
    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?

    Reply
    • AvatarStaff
      Jason
      May 21, 2017

      Hi Greg,

      Thank you for your enquiry.

      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

      Reply
  6. Default Gravatar
    mark
    May 14, 2017

    is the nab rewards platinum capped in any way

    Reply
    • AvatarStaff
      Dee
      May 14, 2017

      Hi Mark,

      Thanks for your question.

      Tha NAB Rewards points that you can earn with your NAB Rewards Platinum Card is uncapped.

      Cheers,
      Anndy

      Reply
  7. Default Gravatar
    barnaby
    May 8, 2017

    Is this offer available to retirees? I pay my current platinum card in full each month,own my own home, have no debt and have significant savings and super.

    Reply
    • AvatarStaff
      Harold
      May 8, 2017

      Hi Barnaby,

      I hope this information has helped.

      You can apply for the NAB Rewards Platinum Card online in around 15 minutes. Before getting started, make sure you meet the eligibility requirements and have all your relevant details and documents on hand to help speed up the process.

      Eligibility criteria
      – Age. You must be at least 18 years of age.
      – Residency status. You must be an Australian citizen or permanent resident.

      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 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.
      – Financial details. 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).

      I hope this information has helped.

      Cheers,
      Harold

      Reply
  8. Default Gravatar
    Daniel
    May 7, 2017

    Are the bonus reward points transferable to Qantas and if so, how many QF points will the amount to? You mention one One World carrier, Cathay, but not Qantas.

    Reply
    • Default Gravatar
      Liezl
      May 8, 2017

      Hi Daniel,

      Thank you for your question.

      Then bonus points are not transferable to Qantas frequent flyer because it’s not among NAB’s airline partner programs. You can, however, redeem points for travel rewards directly through Webjet, or transfer a minimum of 30,000 points to your Velocity, Asia Miles or Airpoints frequent flyer account.

      If you’re interested in Qantas frequent flyer credit cards with bonus points, you can check our comparison on this page.

      I hope this has helped.

      Cheers,
      Liezl

      Reply
  9. Default Gravatar
    Mark
    May 6, 2017

    Is there a limit on expenditure or can this be negotiated?

    Reply
    • AvatarStaff
      Dee
      May 7, 2017

      Hi Mark,

      Thanks for your question.

      If you are referring to the credit limit of this card, the minimum limit is $6,000. You can get a higher credit limit, depending on NAB’s overall assessment of your financial condition.

      Cheers,
      Anndy

      Reply
  10. Default Gravatar
    andrew
    May 5, 2017

    Hi

    I am a customer of NAB. I don’t currently have a NAB credit card, however, I did have one just over a year ago which I canceled. If I apply for this credit card will I still be eligible for the bonus points and for the first years fee to be waived?

    Reply
    • Default Gravatar
      Liezl
      May 5, 2017

      Hi Andrew,

      Thank you for reaching out.

      Actually, this offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer. I suggest that you contact NAB directly to enquire whether your application will be considered as new credit card application or not. You can contact them on 13 22 65.

      Meanwhile, you may want to check other credit cards with no annual fee and with rewards on this page.

      Cheers,
      Liezl

      Reply
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