NAB Qantas Rewards Premium Credit Card

On NAB's website

NAB Qantas Rewards Premium Credit Card

3.6

Balance transfer

12 months at 0% p.a.

Purchase rate

20.99% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$195.00 for 1st year

Highlights

  • Earn up to 70,000 bonus Qantas Points. Get 60,000 bonus points when you spend $2,000 on everyday purchases within the first 60 days of account opening and 10,000 bonus points when you keep your card for over 12 months. Terms and Conditions apply.
  • Save $100 with a reduced first-year annual fee of just $195 p.a. (down from $295 p.a.)
  • Earn 1 Qantas Point per $1.5 spent on everyday purchases up to $3,000 per statement period, and 1 Qantas Point per $3 spent thereafter (capped at $6,000).
  • Includes complimentary Qantas Frequent Flyer membership, saving $99.50.

Pros and cons

Pros

  • Earn up to 70,000 bonus Qantas Points when you meet the criteria.
  • Redeem your rewards for award flights, products, vouchers, and more options.
  • 0% p.a. on balance transfers for 12 months.
  • Add a cardholder at no extra cost.
  • Provides complimentary insurance for domestic, interstate, and international travel.
  • Comes with Purchase Protection and Extended Warranty insurance for added peace of mind.
  • Unlock exclusive offers on shows, events, and movies with your Visa Credit Card.
  • Access 24/7 assistance for travel and lifestyle needs with NAB Concierge Services.
  • NAB Defence protects your account from credit card fraud.
  • Supports most digital wallets, including Apple Pay, Google Pay, Fitbit Pay, Garmin Pay, and Samsung Pay.

Cons

  • Points earning capped at $6,000 spent per statement period.
  • The annual fee is higher than other Qantas cards, but the reduced first-year fee offers initial savings.
  • Interest rates are high, which is typical for most rewards-earning cards.
  • A 3% balance transfer fee applies if you choose to use this feature.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Below Average, Fair, Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
1
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$6,000.00
Maximum Credit Limit
$30,000.00

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
0%
Balance Transfer Period
12 months
Balance Transfer Fee Percentage
3%

Balance transfer conditions

Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
90%
Balance Transfer Revert Rate
21.74%

Rates, fees, charges

Cash advances

Cash Advance Rate
21.74% p.a.
Cash Advance Fee
$3.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.99% p.a.

Account fees

Annual Fee Initial Year
$195.00
Annual Fee Ongoing
$295.00
Dishonour Fee
$30.00
Duplicate Statement Fee
N/A
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$15.00

Rewards

Rewards program basics

Rewards Program
Qantas Frequent Flyer
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
36 months

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
0.67
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
0.67

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
Yes
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
Yes
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
Yes

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. This card allows you to add one additional cardholder for free. This means you can share your account with another family member, and both of you can contribute towards earning rewards. Please note that the main cardholder manages the account and keeps up with repayments.
  • Digital wallets. Compatible with Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay.
  • Gambling transactions. Gambling transactions are not permitted on this card.

Rewards and benefits

  • Complimentary travel insurance. Comes with complimentary international travel insurance for eligible cardholders. Eligibility criteria apply. The cover is activated when the card is used to pay for travel expenses related to your trip before you leave.
  • Concierge services. Cardholders can access a 24 / 7 concierge service that can help arrange bookings for hotels and restaurants, shop, compare prices, get travel recommendations, and more.
  • Insurances. This card comes with extended warranty protection, fraud protection, and purchase protection insurance.
  • Rewards points. NAB Qantas Rewards Premium Credit Card cardholders can earn 1 Qantas Point per $1.50 spent on eligible purchases up to the first $3,000 on everyday purchases. For the next $3,000 of spending, you earn 1 Qantas Point per every $3 spent. Qantas Points are capped at 6,000 points per month and 72,000 points per year. Points are earned into the Qantas Frequent Flyer program.
  • Sign up bonus. Get 70,000 bonus Qantas Points when you spend $2,000 on eligible purchases in the first 60 days and when you keep your card for over 12 months.

Rates and fees

  • Annual fee. This card has an annual fee of $295 p.a., with a reduced annual fee of $195 p.a. for the first year.
  • Balance transfers. Transfer debt from other credit and store cards with an introductory balance transfer at 0% p.a. for the first 12 months. There is a 3% fee. After this introductory period, any remaining balance will revert to the standard interest rate of 21.74%.
  • Cash advances. Transactions classed as a cash advance — ATM withdrawals, funding a money transfer, etc. — will be charged interest at 21.74% p.a. Interest on cash advances accrues from the transaction date. In addition to the interest rate, NAB will charge a one-off cash advance fee. Credit cards with cheaper cash advances are available.
  • Foreign exchange fee. There is a 3% fee for transactions made in a foreign currency, whether overseas or online.
  • Interest-free period. Enjoy up to 44 days interest-free on purchases when you pay the account balance in full by the due date or have made the required minimum repayments.
  • Purchases. There is no introductory offer on the purchase interest rate. Purchases will incur a 20.99% p.a. interest rate ongoing. This rate is about average for a rewards card.

account

Reviewed by Credit Card Compare Staff

History

    User reviews

    Convenience

    Customer service

    Rates and fees

    Rewards

    Trust

    Great way to get rewards

    Reviewed by Bobetty


    Fantastic card

    Reviewed by N/A


    i am happy with this card

    Reviewed by Ann


    I got flights with this card

    Reviewed by Helen Blackwood


    The only reason we stay is the Qantas points

    Reviewed by Sarah


    We flew to Sydney with rewards

    Reviewed by Nikki


    Decent mainstream option

    Reviewed by Guy


    All my purchases go on it

    Reviewed by Brooke


    Expensive annual fee

    Reviewed by Sue


    Standard credit card

    Reviewed by Yi


    Good credit card if you spend enough

    Reviewed by Hannah


    Good rewards and travel insurance

    Reviewed by Jay


    Great for Qantas points

    Reviewed by Nadine


    Just OK if you spend a lot

    Reviewed by Alexandra


    Good Qantas earning rates

    Reviewed by Ashley


    QFF points, insurance, and temporary block option

    Reviewed by Jasmine


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    As seen on

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