NAB Rewards Platinum Card

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Collect an introductory 50,000 bonus points in the first 60 days when you meet the spend requirements. Plus earn at least 2 points per $1 spent in the first 6 months (capped at 10,000 per month).

The NAB Rewards Platinum Card earns points that you can redeem for rewards including travel, merchandise and frequent flyer points with Velocity, Cathay Pacific/Asia Miles or the Air New Zealand Airpoints program. It also comes with seven complimentary insurances, including overseas travel insurance and purchase protection insurance.

If you apply and are approved for this card by 1 October 2017, you can get 50,000 bonus points by spending $2,500 on everyday purchases within the first 60 days. You’ll also be able to enjoy 0% p.a. for 6 months on balance transfers if you apply for the balance transfer at the time of the credit card application. Note that minimum monthly repayments are required.

Product NameNAB Rewards Platinum Card
Rewards ProgramNAB Rewards
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 date1 October 2017
Annual fee$195 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 TypeVisa
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
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$195 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 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
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

  • You can receive 50,000 bonus points when you spend $2,500 on everyday purchases within 60 days from card approval.
  • Earn at least 2 points per $1 on eligible everyday purchases within the first 6 months.
  • 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 Points on Sign-up50,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped
Points Expiry36 months

NAB Rewards Platinum Card review

This premium rewards card offers points for everyday spending, with a “Points Booster” feature that doubles or triples the earn rate. As a result, you can earn 3 points per $1 for spending with Webjet, when making foreign transactions overseas or online in Australia, and 2 points per $1 on purchases made in major department and hardware stores such as David Jones and Bunnings. You’ll also earn 1 point per $1 spent on all other eligible purchases.

The NAB Rewards program also offers a wide range of ways to use points. As well as merchandise, gift cards and experiences, you can redeem points for travel rewards directly through Webjet, or transfer them to your Velocity, Asia Miles or Air New Zealand Airpoints frequent flyer account.

As well as rewards, you can enjoy seven complimentary insurances, including overseas travel insurance when you spend $500 or more of your pre-booked travel using your NAB Rewards Platinum card. It has a standard variable purchase rate of 19.99% p.a. and a promotional balance transfer offer if you apply by 1 October 2017.

Benefits of the NAB Rewards Platinum Card

Some of the standout features you can enjoy with the NAB Rewards Platinum include:

    • 50,000 bonus points offer. Apply by 1 October 2017 and spend $2,500 on eligible purchases within 60 days and you’ll unlock 50,000 bonus points.
    • Promotional "Double Points" offer. In the first 6 months you have this card, you'll earn an additional bonus point per $1 spent on eligible purchases (capped at 10,000 per month and 60,000 in total). This gives you a promotional earn rate of 2 points per $1. After the promotional period ends, an earn rate of 1 point per $1 spent applies to eligible purchases. Please note that this offer is separate to the Points Booster.
  • Rewards program. When you have earned enough points, you can redeem them for a range of rewards including travel with Webjet, frequent flyer points, merchandise, experiences and cash back.
  • Frequent flyer rewards. If you want to earn more frequent flyer points, this program allows you to transfer a minimum of 3,000 NAB Rewards points for 1,500 Velocity Points, 1,000 Asia Miles or $15 Air New Zealand Airpoints Dollars. To simplify the transfer rates, this means you get 1.5 Velocity Points, 1 Asia Mile or $0.015 Airpoints Dollars for every 3 NAB Rewards points.
  • Balance transfer offer. The NAB Rewards Platinum Card offers a balance transfer rate of 0% p.a. for the first 6 months. At the end of this period, any unpaid balances will then attract the standard variable cash advance rate. Note that interest-free days do not apply while you have a balance transfer.
  • Complimentary travel insurance. This card offers comprehensive overseas travel and medical insurance when you pay for at least $500 of your pre-booked travel with your card, issued by QBE. It also offers transport accident insurance, interstate flight insurance and domestic hotel burglary cover.
  • Complimentary purchase insurances. Eligible purchases made with the NAB Rewards Platinum Card are covered by purchase protection insurance against theft, loss or damage for up to 3 months, extended warranty insurance for up to 12 months and price protection insurance to help you get the lowest price for your purchases. Terms and conditions apply for all insurance cover, so make sure you read the NAB Card Insurance Policy booklet for full details of each policy.
  • Visa benefits. The NAB Rewards Platinum Card is a Visa credit card that offers contactless payments via Visa payWave, exclusive ticket and experience offers through Visa Entertainment, 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 and a concierge service.

Features of the NAB Rewards Platinum Card

If you’re interested in the NAB Rewards Platinum Card, make sure you also consider the following details:

  • Annual fee. This card has a standard annual fee of $195.
  • Purchase rate. There is a 19.99% p.a. standard variable interest rate for purchases made on this card.
  • Interest-free days. You can enjoy up to 44 interest-free days on purchases with the NAB Rewards Platinum Card if you pay your balance in full by the due date on each statement.
  • 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 get cash out or for another type of cash equivalent transaction, you’ll pay a fee of 2% or $2.50, whichever is greater.
  • Minimum credit limit. The minimum credit limit available is $6,000 for this platinum credit card.
  • International transaction fee. A fee worth 3% of the total transaction applies for purchases made overseas or online in a foreign currency.

How to apply for the NAB Rewards Platinum Card

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).

The NAB Rewards Platinum Card is a premium rewards card that lets you earn at least 2 points on every $1 rewards points per $1 spent and a range of complimentary extras, including travel insurance. As it's not the only rewards card on the market, though, it’s worth comparing a range of other reward options so you can find the right card for your circumstances and needs.

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26 Responses

  1. Default Gravatar
    BenJune 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

    • Staff
      JonathanJune 29, 2017Staff

      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

  2. Default Gravatar
    June 25, 2017

    Hi,

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

    Thank you.

    • Staff
      RenchJune 25, 2017Staff

      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

  3. Default Gravatar
    GregMay 20, 2017

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

    • Staff
      JasonMay 21, 2017Staff

      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

  4. Default Gravatar
    May 14, 2017

    is the nab rewards platinum capped in any way

    • Staff
      AnndyMay 14, 2017Staff

      Hi Mark,

      Thanks for your question.

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

      Cheers,
      Anndy

  5. Default Gravatar
    barnabyMay 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.

    • Staff
      HaroldMay 8, 2017Staff

      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

  6. Default Gravatar
    DanielMay 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.

    • Staff
      LiezlMay 8, 2017Staff

      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

  7. Default Gravatar
    MarkMay 6, 2017

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

    • Staff
      AnndyMay 7, 2017Staff

      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

  8. Default Gravatar
    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?

    • Staff
      LiezlMay 5, 2017Staff

      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

  9. Default Gravatar
    loanApril 23, 2017

    1. Is there minimum spending per month?
    2. If I sign up and the credit card is not for me, can I cancel ti anytime without exiting fee?

    • Staff
      AnndyApril 23, 2017Staff

      Hi Loan,

      Thanks for your questions.

      For NAB Rewards Platinum Card, there is no required minimum spending per month. However, for the purpose of earning the bonus points, one of the criteria is to meet the minimum spend requirement.

      You can cancel your card any time, at no cost. You can follow our guide on this page for more information on how to properly cancel a card.

      Cheers,
      Anndy

  10. Default Gravatar
    MarieApril 23, 2017

    Can you have an additional card holder on this card

    • Staff
      AnndyApril 23, 2017Staff

      Hi Marie,

      Thanks for your question.

      With NAB Rewards Platinum Card, you can get one (1) additional card at no extra cost.

      Cheers,
      Anndy

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ANZ Platinum Credit Card - Exclusive Offer
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