NAB Qantas Rewards Premium Card | Review & Apply

NAB Qantas Rewards Premium Card

What do you want this card for?
Save money
Earn points
My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
NAB Qantas Rewards Premium Card
30,000 points when you spend $2,500 in 60 days.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Seven complimentary insurances including overseas travel insurance.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1.50 spent
up to $3,000
then 1 pt
$3,001 to $6,000
More info
30,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

30,000 points when you spend $2,500 in 60 days.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
Earn 1 Qantas Point per $1 spent on everyday purchases up to $3,000 per statement period then 0.05 pts per $1 spent thereafter (capped at $6,000).
Complimentary Qantas Frequent Flyer membership fee valued at $99.50.
Seven complimentary insurances including overseas travel insurance.
Pay faster using Visa payWave.
There’s a substantial annual fee of $250 p.a.
Points will be capped at 72,000 spend per year.

*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.

User reviews

3.8 out of 5.0 based on 16 reviews88% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

QFF points, insurance, and temporary block option

Reviewed and recommended by Jasmine on 06 May 2017

The account has both AmEx and Visa cards attached. AmEx earns higher points and Visa is there for when Amex is not accepted. I have had no issues with points. They go into my Qantas Frequent Flyer Account quickly. The card also has international travel insurance.

I was recently able to put a temporary block on the card (using internet banking) when the card was lost (as I was sure it was at home somewhere) and then remove the block online once I located the card.

Good Qantas earning rates

Reviewed and recommended by Ashley on 28 Apr 2017

This card allows you to earn more where AmEx is accepted, but still earn some points where Visa is accepted. As it includes an AmEx card, you get access to AmEx Connect, which gives you access to lots of money-off offers using the card.

You get an additional cardholder for free, so your partner or child can help you earn points.

The annual fee is a little steep, but if they have an offer on it can be free for the first year.

Just OK if you spend a lot

Reviewed and recommended by Alexandra on 13 Jan 2017

I chose this card because of the excellent bonus frequent flyer points I received when I first signed up. They were enough for a flight back from Europe, and helpfully the card was accepted everywhere I went overseas.

The fees are a bit of a killer. If you aren’t spending big on the card each month the bonus Qantas points aren’t worth it. I recommend this card if you are a spender.

Great for Qantas points

Reviewed and recommended by Nadine on 08 Dec 2016

You get double Qantas points on all purchases, and if you pay the balance on time each month you don’t have to worry about interest rates.

It’s easily linked to my everyday NAB account, and i’ve accumulated more points than ever before, using this card.

The yearly fee is expensive at $250, but i have got that value back, and more, through free flights.

Good rewards and travel insurance

Reviewed and recommended by Jay on 21 Sep 2016

It is a good card with rewards for customers. Since it is a Qantas card there are points for all eligible purchases.

It’s easily accessible. I got this card along with my home loan through NAB. There is no annual fee for the life of the loan. I also get travel insurance if it’s used to pay for airfares.

Good credit card if you spend enough

Reviewed and recommended by Hannah on 20 Sep 2016

I got this card for the bonus sign-up points, which were nearly enough for a one-way flight to the UK.

A higher earning AmEx and lower earning Visa mean you have a card for all shops.

I spend (and pay off) around $4,000 a month, so have really noticed the increase in my frequent flyer points balance.

Standard credit card

Reviewed and recommended by Yi on 05 Jul 2016

I got the card with the mortgage, so no fee applied to it. It’s a standard credit card with the Qantas Frequent Flyer points. I have not contacted customer service, which shows it’s quite reliable and can be used on most occasions.

Expensive annual fee

Reviewed and recommended by Sue on 05 Jul 2016

A great card with excellent rewards, especially if you work out the best way to earn points. We have used the rewards for flights, vouchers, and shopping discounts.

However, the annual fee is hefty and if you’re not travelling to take advantage of the insurance or working the rewards to your advantage, then it may not be worthwhile

All my purchases go on it

Reviewed and recommended by Brooke on 04 Jul 2016

The annual fee is $250 per annum. In essence, all my purchases go on it and I get points. The earn rate for points is reasonable. The American Express makes it more costly in most cases due to a surcharge. It is a good card to have for booking travel, as the insurances are worthwhile.

Decent mainstream option

Reviewed and not recommended by Guy on 26 Jun 2016

I’ve got most of the equivalent cards from the other main banks and settled with this one, due to a slightly lower annual fee. They all seem pretty much them same to me, however. Complimentary travel insurance (which all similar cards offer) has been useful.

I am planning to change to a bank with more environmental conscience soon, and will discontinue this card.

Show 6 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
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
N/A

Repayments

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

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
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
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
No

Banks you can't balance transfer from

You can't balance transfer to the NAB Qantas Rewards Premium 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

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

Fees

Annual fee
$250 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
$5
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$15
Over limit fee
$0
Overseas ATM balance fee
$1
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$0
Transaction verification fee
$5

Rewards & points

Cool stuff you can get with your points

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

Earn rates

Spend typeSpend
Airline spend
Up to $3,000
1 pt per $1.50 spent
$3,001 to $6,000
1 pt per $3 spent
ResetN/A
Points cap6000

Rewards program basics

First purchase bonus
30,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$2,500 in 60 days

Earning points with this card

Frequent flyer points
1 pt per $1.50 spent up to $3,000 then 1 pt per $3 spent $3,001 to $6,000
Overseas earn rate
Same as standard earn rate
Points cap per month
6000
Points cap per year
72,000
Points earned on ATO payments
N/A
Reward points
0.5 pts per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
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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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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