NAB Rewards Platinum Card

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Collect an introductory 60,000 bonus points in the first 60 days when you meet the spend requirements.

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, you can get 60,000 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 (with a 2% balance transfer fee) 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 with 2% balance transfer fee
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.
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
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
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$195 p.a.
Minimum Monthly Repayment2% or $25, whichever is greater
Late Payment Fee$15
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee
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
Additional Cardholder Fee$0
Number of Additional Cardholders1

Pros

  • You can receive 60,000 bonus points when you spend $2,500 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/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the NAB Rewards Platinum Card

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

  • Bonus points offer. Spend $2,500 on eligible purchases within 60 days and you’ll unlock 60,000 bonus NAB Rewards points.
  • 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 gift cards.
  • 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. This card offers a balance transfer rate of 0% p.a. for the first 6 months when you apply online during the promotional period. Note that a one-off balance transfer fee of 2% applies. At the end of the introductory period, any remaining balance from your transfer will attract the standard variable cash advance rate.
  • Complimentary travel insurance. Pay for at least $500 of your pre-booked travel with this card and you can get comprehensive overseas travel and medical insurance (issued by QBE). The NAB Rewards Platinum 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.
  • NAB Concierge. Enjoy access to a 24/7 concierge service that 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 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.
  • Eligible for Samsung Pay. You can link your NAB credit card with Samsung Pay to make contactless payments using your qualifying Samsung device at the checkout.

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. If you pay your balance in full by the due date on each statement, you can enjoy up to 44 interest-free days on purchases with the NAB Rewards Platinum Card. Note that interest-free days do not apply while you have a balance transfer.
  • 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. When you use this card for foreign currency transactions, a fee worth 3% of the total Australian dollar amount applies.

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 can apply for the NAB Rewards Platinum if you are an Australian citizen, permanent resident or temporary resident. If you are not a citizen or permanent resident, you will need to provide the last overseas address for where you lived, as well as other details of your residency status.

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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30 Responses

  1. Default Gravatar
    BKJune 1, 2018

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

    • finder Customer Care
      NikkiJune 1, 2018Staff

      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

  2. Default Gravatar
    DineshOctober 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.

    • Default Gravatar
      MariaOctober 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

  3. 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

    • Default Gravatar
      JonathanJune 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

  4. 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.

    • finder Customer Care
      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

  5. 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?

    • finder Customer Care
      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

  6. Default Gravatar
    May 14, 2017

    is the nab rewards platinum capped in any way

    • finder Customer Care
      LouMay 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

  7. 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.

    • finder Customer Care
      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

  8. 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.

    • finder Customer Care
      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

  9. Default Gravatar
    MarkMay 6, 2017

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

    • finder Customer Care
      LouMay 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

  10. 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?

    • finder Customer Care
      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

Credit Cards Comparison

Rates last updated July 20th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
American Express Westpac Altitude Platinum Bundle - Exclusive Offer
20.24% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
NAB Low Fee Platinum Card - Exclusive Amazon Offer
19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
finder Exclusive: 10% cashback with amazon.com.au for 12 months (capped at $25 per month). Plus, 0% p.a. on balance transfers for 24 months.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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