NAB Qantas Rewards Card – Review & Application
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The NAB Qantas Rewards Card provides some great airline rewards and some accelerated points earning opportunities.
If you’re interested in getting into the sky sooner rather than later, the NAB Qantas Rewards Card is the credit card to get you there. With both an American Express and MasterCard linked to the one account, you can use the card that’s going to earn you the most points depending on where you’re shopping. And with an annual fee of just $65, it won’t take long before the rewards have paid for the annual fee.
The points earned under the rewards program add to your Qantas Frequent Flyer membership account, so if you aren’t a member yet, sign up before you apply for this card. As this is primarily an airline rewards credit card, we will first take a look at the Qantas Frequent Flyer rewards that can be earned using this card, and then focus on the other value adding benefits included with this card.
| Product Name | NAB Qantas Rewards Card | |
|---|---|---|
| Balance Transfer Rate | 4.99% p.a. for 6 months | |
| Interest Rate on Purchases | 19.99% p.a. | |
| Annual Fee | $65 p.a. | |
| Interest Free Period | up to 44 days | |
| Interest Rate on Cash Advances | 21.74% p.a. | |
| Minimum 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.
|
$500 | |
| Max Credit Limit | $50,000 | |
| Minimum Monthly Repayment | 2.5% | |
| Credit Card Type | American Express/MasterCard | |
| Late Payment Fee | $5 | |
| Complimentary Travel Insurance | No | |
| Available to Temporary Residents | No | |
| Joint Application | No |
Qantas Frequent Flyer points earned with NAB Qantas Rewards Card
Every NAB Qantas Rewards Card account comes with two cards, a NAB Qantas American Express card and a NAB Qantas MasterCard. You can also add an additional cardholder to your account at no extra cost. Combining these two cards means you earn more points, faster. Here is a breakdown of how you earn Qantas Frequent Flyer points on eligible purchases made with these cards.
- The American Express card gives you 1 point per dollar spent, the MasterCard card earns 0.5 points per dollar spent.
- Up to $100,000 per statement period.
Points can be redeemed for a range of rewards through the Qantas Frequent Flyer store, not just flights. Choose from a range of rewards including luggage, beauty and fashion, food and wine, and much more.
Other features of the NAB Qantas Rewards Card
Aside from the Qantas Frequent Flyer reward program, this card also features:
- Up to 44 Interest free days on purchases
- A standard interest rate of 19.99% p.a.
- $65 p.a. annual fee
- Balance transfer from non-NAB cards at 4.99% p.a. for 6 months
- Complimentary Purchase Protection Insurance
- Wide range of rewards partners
- Use your NAB MasterCard® with PayPass™ to Tap & Go™ for purchases up to $100
- All the convenience of banking with NAB (such as internet banking, telephone banking, additional cardholder benefits, secure online shopping with MasterCard SecureCode, 24/7 Emergency travel assistance and anti-fraud zero liability guarantees if you have detected a fraudulent transaction on your card).
The NAB Qantas Rewards Card combines value adding card features with a rewards program that is aimed at rewarding customers for using their card as a day to day credit solution. The only drawback is the capped reward earnings after the first $3000 combined spend on the cards, which means that if you are a heavy spender who regularly spends more than three or four thousand dollars per month with your credit card, you might feel that you aren’t earning enough rewards points. For cardholders who do not spend that much monthly, this capped feature might even be beneficial, ensuring you do not overspend in chasing more airline points.
Overall the NAB Qantas Rewards Card presents some balanced credit card features, and offers accelerated Qantas Frequent Flyer points earning opportunities. If you’d like to treat yourself to some bonus air travel benefits just for spending what you normally would with a credit card, apply for the NAB Qantas Rewards Card now and start enjoying the rewards.
How to apply for the NAB Qantas Credit Card
If you’ve compared your options and believe this is the right credit card for you, click ‘apply’ to be redirected to a secure NAB application page. This page contains the terms and conditions too, which is a must read for all potential applicants.
The application will only take 10 to 20 minutes and you will have a response within a minute of completion. Your application will be accepted, rejected or you may be conditionally approved.
This means NAB will need more information before they make a final decision. In this instance you may need to provide your most recent payslips or a letter from an employer if you’re still in a probational period at work.
To complete the application you will need information about your assets, liabilities, income and expenses. A driver’s licence or passport will also be needed to confirm your identity.
Balance transfers can be applied for during the application.
If you’re successful you should have your card within two weeks. You will need to activate your card before you can begin using it.
If you have any further questions about this credit card, leave a question below.
Read the NAB Qantas Rewards Card terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | 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. | $500 | |
| Max Credit Limit | $50,000 |
| Annual Fee | $65 p.a. | |
|---|---|---|
| Minimum Repayment | 2.5% | |
| Late Payment Fee | $5 | |
| Over Limit Fee | $0 | |
| Overseas Cash Advance Fee | $1.50 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 2% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 |
Pros
- The NAB Qantas Card offers complimentary purchase protection insurance.
- Balance transfer from non-NAB cards at 4.99% pa for 6 months and additional cardholder for $0.
Cons
- There are only 44 interest free days with this card. Most other cards come with 55 interest free days when you pay your account in full and make a purchase on you card.
- You are not automatically enrolled in the Qantas Frequent Flyer program when you apply for this card. A joining fee of approximately $80 applies.
Read the NAB Qantas Rewards Card terms and conditions.
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