NAB Qantas Rewards Card | Review & Apply Online

NAB Qantas Rewards Card

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Points earned
NAB Qantas Rewards Card
Earn Qantas Points on eligible everyday purchases.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Free membership into the Qantas Frequent Flyer Program saving you $99.50.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.5 pts
per $1 spent capped

Pros & cons

What's good?

What's not so good?

0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Earn Qantas Points on eligible everyday purchases.
Free membership into the Qantas Frequent Flyer Program saving you $99.50.
Complimentary purchase protection insurance.
Fast 60 second instant approval process.
Enable for Apple Pay and Visa PayWave for a contactless and faster transaction.
Points are capped at 3,000 spend per statement.
After the promotional period, the fallback is the cash advance rate. Which is a high 21.74% p.a.

*NAB may vary or end this offer at any time.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the NAB Qantas Rewards CardReviewed by Yvonne Taylor

Does the idea of earning Qantas Frequent Flyer points appeal, but you’re not sure where to start? The slow way is to earn points directly from Qantas on the flights you purchase. The fast way, and much smarter way, is to have a credit card which earns QFF points on your everyday spending without charging the earth in annual fees – a card like the NAB Qantas Rewards Card. It allows you to discover the benefits of Qantas points without making you pay for extra benefits you may never use.

Earn Qantas points on eligible everyday purchases

You don’t need to change your spending pattern, or spend more than you normally would, in order to earn Qantas points. On all your regular purchases at supermarkets, petrol stations, department stores and other retailers (including online purchases) you will earn points. You can even earn points for paying medical expenses and other services with your card, and for online payment of utility bills.

The only exclusions are items which are not really purchases. They include things like cash advances, and account fees and interest charges. Over-the-counter bill payments and gambling transactions are also excluded.

Reasonable points earning rate

You will earn 0.5 points per dollar on the first $3,000 spent in each month. Points earning is capped at $3,000 per month, so 18,000 QFF points is the maximum number of points able to be earned in a year. This points earning rate is fairly typical for a card with an ongoing annual fee of under $100.

If you think you are likely to run into the points cap on a regular basis, you should probably consider the NAB Qantas Rewards Premium Card. It has a higher earning rate, a $3,000 threshold (beyond which the earning rate declines) and a $6,000 absolute cap. Big spenders may want to look for a card with no points cap at all, such as the American Express Qantas Ultimate Credit Card.

A good points rate for first-timers

While this is not as good a rate as that offered by some more expensive cards, it is still more than acceptable given the card’s moderate annual fee. It’s a good way to explore the benefits of Qantas points before moving on to a card with a faster earning rate, such as the NAB Qantas Rewards Premium Card or the ANZ Frequent Flyer Platinum Credit Card, which inevitably come with a higher price tag.

Extra points for buying Qantas products

Here’s some very good news. Since you’re obviously going to be a Qantas Frequent Flyer member if you hold this card, you’ll probably choose to fly Qantas or Jetstar because you’ll earn QFF points from Qantas when you purchase flights (and other Qantas products like Qantas Insurance). But you can add an extra point per dollar every time you use the card to spend directly with Qantas for flights, upgrades, Qantas Club membership and purchases from 'Qantas Travel’ customer shopfronts.

This means that you’ll earn points three times over:

  • The regular 0.5 points per dollar from NAB for using your NAB Qantas Rewards Card, PLUS
  • The bonus point from NAB for using your card to pay Qantas, PLUS
  • The points from Qantas itself for purchasing Qantas products

Note that the bonus point from NAB is not payable for Qantas Holidays or Jetstar flights.

Not joined Qantas Frequent Flyer yet? NAB will pay your fee.

NAB don’t want the thought of the $99.50 Qantas Frequent Flyer joining fee to deter you from choosing this card. So they will pay your joining fee if you’re not already a QFF member.

Ways to spend your Qantas points on flights

The smartest way to use your Qantas points is for Qantas and Jetstar flights and upgrades. You’ll get the best return per dollar spent if you use them in this way.

For example, a one-way economy flight between Sydney and Melbourne requires 8,000 QFF points plus $34 in charges on Qantas, or 6,400 QFF points plus $30 in charges on Jetstar. The lowest cost for a typical Sydney to Melbourne flight is around $185 on Qantas and about $96 on Jetstar. That equates to a return of 1.9 cents per point on the Qantas fare and about 1.0 cents per point on the Jetstar fare.

Generally speaking, the longer the flight the better the rate of return, so spending points on long-haul flights is more cost-effective. With that in mind, remember that you can use QFF points to book flights on Qantas partner airlines in the Oneworld alliance, including major players like British Airways, American Airlines, Japan Airlines and Cathay Pacific.

Other ways to spend your Qantas points

Just in case you prefer to use your points in other ways, Qantas gives you plenty of options. You can:

  • Shop for merchandise at the Qantas online store, starting at around 3,000 points for basic homewares like chopping boards and salad servers
  • Get a $100 Budget or Avis car hire voucher for 16,530 points
  • Swap points for a voucher to use against accommodation at major hotel chains, typically 16,530 points for a $100 voucher
  • Make a donation to a range of charities, starting at 2,900 points for a $25 donation
  • Exchange points for a gift card to use at major Australian retailers, starting at 3,970 points for a $25 eCard
  • Book an adrenalin-pumping experience such as skydiving, rally driving or hot-air ballooning – around 40,000 points and upwards
  • Take in a movie at Hoyts, Village/Event or Palace cinemas, for example 8,800 points for two Hoyts adult passes

Every selection, including Qantas and Jetstar flights, is available as a ‘Points + Pay’ option, in case you don’t have quite enough points for your desired redemption.

0 percent p.a. for six months on balance transfers

Bring your debt across from your existing non-NAB card, make sure you repay it after six months, and you will score very satisfying interest savings if you are currently paying 20 percent p.a. or more on your credit card debt. Unfortunately, there is a 2 percent balance transfer fee to pay upfront.

And there is a major drawback to having an unpaid balance transfer on your account – the fact that you will forfeit your normal interest-free days on purchases until the debt is cleared. So you’d need to consider using cash or another card for your purchases for the first six months, missing out on frequent flyer points.

Watch out for the revert interest rate

The revert interest rate charged on any uncleared balance transfer, after the six months expires, is the ongoing cash advance rate of 21.74 percent p.a. Both this and the ongoing purchase rate of 19.99 percent p.a. are definitely on the high side, even for a credit card. But both can be avoided if you repay your balance transfer when due, steer clear of cash advances and always repay your purchases balance in full and on time each month.

Up to 44 days interest free on purchases every month

If you don’t have a balance transfer, you will still receive a period of interest-free credit every month. Once the monthly statement cycle ends, you have another two weeks before you have to pay. You can maximise your interest-free days by timing purchases and bill payments to occur at the beginning of the statement cycle wherever possible.

However, NAB’s 44-day cards are not as generous as many others, which add 25 days’ grace to the statement closing date before payment is required. Thus they deliver up to 55 days interest free each month. NAB’s earlier payment date could be a major disincentive for anyone who constantly struggles to pay on time.

Complimentary purchase protection insurance

There’s no long list of ‘free’ insurance policies, such as travel and extended warranty cover, with this card. If there were, you’d end up paying for the policies in the form of a higher annual fee. But you do get one policy which could prove very useful. Most new personal items you purchase using the card are insured for three months against loss, theft or damage. Although this doesn’t replace a home contents policy, it’s reassuring to know that you can shop for the things that make life more pleasant without worrying that they will be stolen or broken before you’ve had a chance to enjoy them.

Jewellery, watches and artworks are limited to $2,500 per claim, and claims are limited to a liberal $100,000 in any 12-month period.

Extras from Visa

This isn’t a platinum card, but you will still qualify for some built-in extras courtesy of Visa. Here’s what you’ll get:

  • Verified by Visa: An extra layer of security for online shopping, with either a cardholder-created password or a one-time PIN delivered by SMS
  • Visa Entertainment: Special entertainment events and reserved seating exclusive to Visa cardholders

The latest technology

There’s no need to stop at contactless payments with your card (which you get automatically) when you can go one better with the NAB app and NAB Pay for Android. Install these apps and turn your eligible smartphone into a digital wallet. You can pay with your phone, access your account with One Touch ID, block and unblock your card and turn other features on and off, and even use your card account before the actual card turns up in the mail.

All this for $95 per year

The annual fee of $95 for the primary cardholder, and no charge for a supplementary cardholder, is very reasonable for a Qantas rewards Visa card, likely to be accepted virtually everywhere worldwide, with an earning rate of 0.5 QFF points per dollar.

The purchase protection insurance policy is estimated to be worth about $40 per year, which leaves $55 to be recovered in rewards points value before the cardholder has broken even and can make a net gain. If points are valued at a relatively conservative 1.6 cents each (when redeemed for Qantas award flights), annual card expenditure of only $6,875 would be required in order to offset the remainder of the fee.

All the major card issuers have similar Qantas Rewards cards

To make sure you are getting the best deal for your circumstances, take a look at what the other banks are offering by way of a QFF points starter card, including:

  • Qantas American Express Discovery Card
  • ANZ Frequent Flyer Credit Card
  • Westpac Altitude Platinum Credit Card

A worthwhile Qantas Frequent Flyer starter card

The NAB Qantas Rewards Card is a suitable starter cards for the novice QFF points collector. It allows you to get a feel for earning and redeeming Qantas points without committing to a high annual fee to pay for expensive ‘complimentary’ insurance you may never use.

Even veteran points collectors may decide that this minimalist card offers the best value for money over the longer term.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 12 reviews100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Great first credit card with rewards

Reviewed and recommended by Lorna on 02 Dec 2016

I chose this as my first card due to the reasonably low annual fee and decent rewards scheme. My card has a pretty low limit as my aim was to build a credit history and start benefiting from paying bills, through rewards points.

I pay it all off fairy rapidly so it’s more like an extension of my debit card, but with rewards! So far it has been perfect for my needs. It comes with an American Express card linked, and I mostly use that. I have found that many places accept it without surcharge now, and it is perfect for PayPal purchases (looking at you, eBay-a-holic). All those little expenses and bills have added up with the 1.5 points per dollar Qantas rewards, and in a year I could earn enough points for a flight to Melbourne and a flight to Sydney one way from Brisbane. The bonus 15000 points are a nice touch.

Note: via Classic Rewards flights, you could grab a flight worth 12000 points in Australia, which is likely to set you back between $135-$250. So you can think about the fee in the first year as a $95 flight with some points left over — saving you upwards of $100. Yay!

- It’s a great choice for a first credit card, to build your credit history

- It has a reasonable annual fee at $95 for the bonus of getting rewards, provided you already spend enough to earn decent points

- It’s super easy to manage through online banking

- You can pay share house bills via AmEx (especially if you link it to PayPal), reap the rewards, and have your housemates directly BPAY your credit card. This is great if your housemates give you the money at different times, or get paid on different days and have to delay a few days. I would only recommend doing this with people you trust though.

- Some people might opt for the $39 low fee card instead as a starter. But consider — if you earn more than $56 of rewards in a year, which is very likely, it’s already worth it to get the Qantas card, especially with the bonus starter points.

- The best way and honestly only way to ensure you use your frequent flyer points so you don’t spend more than you would with cash, is to claim Classic Reward flights, or to upgrade to business or first class. If you aren’t interested in flying around Australia or maybe having a luxury flight to New Zealand (achievable in the short term) or saving up for that round-the-world trip (the 10-year plan), then maybe try a flybuys card and save on your groceries. Claiming points in the Qantas store is usually a total waste.

Altogether, if you have the nous and are a single person with no dependants and not a huge income, this is a great card to work the system with and really start benefiting from your spending. I personally cannot recommend it more for share house situations. Get all the rewards for only one third of the cost, or however you split the bills.

Points machine

Reviewed and recommended by Melissa on 21 Oct 2016

It’s a great card to earn points. I use it instead of my debit card and it’s amazing how quickly they can add up.

The service at NAB is pretty good and they always help you out when there is a problem.

The fee is a little high but it’s worth it.

Best credit card for Qantas points

Reviewed and recommended by Christos on 25 Sep 2016

A few months back I decided to shop around to find a credit card that would offer me the highest Qantas point yield per dollar spent. During my research I discovered that most credit cards out there limit the number of points you can earn in a statement period. The NAB Qantas Rewards card has no reward points cap, unlike other credit cards. In short, I would recommend this card to anyone who is looking for a credit card to earn Qantas Frequent Flyer Points at a high yield.

Earned many Qantas Frequent Flyer points

Reviewed and recommended by le on 25 Sep 2016

This is a great card for frequent flyer points. Both Visa and American Express were offered simultaneously. As always, there’s great customer service at NAB.

The only negative is that the fees could be a bit lower. It is one of the most expensive cards to maintain. But overall, I’ve been happy with it.

Helpful when my card was hacked

Reviewed and recommended by Darren on 20 Sep 2016

I have had the Qantas card with NAB for a few years now. They’ve been great to deal with and very helpful when my card number was hacked earlier this year.

Rewards are fair for the yearly fee you pay, and the card is accepted everywhere so that’s useful. We also have a secondary card for my wife linked to the same account.

Super impressed with service

Reviewed and recommended by Vanessa on 17 Sep 2016

I am not super savvy when it comes to knowing all the tricks of the trade or getting the best out of my accounts and cards. I decided to step up and be proactive, and have recently joined the NAB team. Having never banked with them before I was super impressed with how great the service was as well as the simplicity and easy set up.

I am now hoping to pay off debts faster and in 100 years earn enough points to fly around the world.

Convenient and good rewards

Reviewed and recommended by Adrian on 22 Jul 2016

Both the AmEx and MasterCard earn rewards, with 1 point for Amex and half of a point with MasterCard. As I pay regularly I am gaining rewards for what I would be buying normally anyway. Linked to Paypal, I also get a reward point for anything where I use Paypal. The bank is responsive and helpful so I have had no issues, and this card suits me and my lifestyle.

A great card for everyday use

Reviewed and recommended by Shaun on 07 Jul 2016

I have found that the NAB Qantas Rewards Card is reliable, convenient, serviceable, and trustworthy. While the fees are a bit too high for my liking, the rewards points are worthy and are helping me to get a holiday very, very soon. Overall, a great card for everyday use.

Earned plenty of Qantas points

Reviewed and recommended by Sarah on 06 Jul 2016

The amount of points you earn per dollar is good if you use your card for everything and pay it off straight away. Interest is high, but no different from most credit cards—all credit cards seem to charge a lot. Happy with the fact I can earn Qantas points on everyday spending.

Good card when you have a home loan

Reviewed and recommended by Andrew on 05 Jul 2016

We don’t pay any fees as we have a home loan with NAB. Rates are pretty standard.

You get two cards and the rewards are good. You get more for using the AmEx card, although not everywhere accepts it so we usually have to go for fewer points.

Service is good, but could definitely improve.

Show 2 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Qantas Frequent Flyer
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months2%90% of credit limit21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the NAB Qantas Rewards Card at the promotional balance transfer rate from:

  • NAB Business
  • NAB

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months2%90% of credit limit 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.81% 21.74% p.a.
Purchases 1.67% 19.99% p.a.


Annual fee
$95 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Sign up bonus
Spend required for bonus points

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points
0.5 pts per $1 spent

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular any weekly income
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Youth Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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