NAB Qantas Rewards Premium Credit Card – Details & Application
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The NAB Qantas Rewards Premium Credit Card is for consumers who expect only the best and are not afraid to be at the top.
Aside from competitive rates on daily purchases and balance transfers, the NAB Qantas Rewards Premium Card offers world wide acceptance. Travel the world and shop with ease knowing that your cards will be accepted almost anywhere you choose to travel. This credit card also has 24/7 access to a personal concierge service in addition to a range of value adding benefits like complimentary travel insurance, hotel burglary protection, additional warranty extensions, purchase protection, and excellent customer service. The card also has an excellent rewards program and a dual card account system. Fly high with your accumulated Qantas Frequent Flyer points and make the most of the powerful duo of two for one; the NAB Qantas Rewards Premium American Express® Card to maximise your points and a NAB Qantas Rewards Premium Visa Card for acceptance worldwide.
| Product Name | NAB Qantas Rewards Premium Card | |
|---|---|---|
| Balance Transfer Rate | 4.99% p.a. for 6 months | |
| Interest Rate on Purchases | 19.99% p.a. | |
| Annual Fee | $250 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.
|
$12,000 | |
| Max Credit Limit | $50,000 | |
| Minimum Monthly Repayment | 2.5% | |
| Credit Card Type | American Express/Visa | |
| Late Payment Fee | $5 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
NAB Qantas Rewards Premium Credit Card features:
The NAB Qantas Rewards Premium Credit Card has been rated an outstanding product of quality by Canstar Cannex meaning you will be given a credit card that packs a bunch:
- How would you like your own personal assistant 24/7 that helps you with dining referrals, entertainment ideas and a lot more.
- Get to redeem a huge range of rewards with the Qantas Frequent Flyer program; choose from flights, gifts, vouchers and merchandise.
- Earn 1.5 points for every dollar spent on the American Express card and earn 0.5 points for every $1 spent on the Visa card.
- The introduction of the $100,000 points cap – this will only affect you if you spend that amount on your card per month.
- Complimentary Qantas Frequent Flyer membership, if you don’t already have one.
Get complimentary insurances:
- Overseas Travel: The complimentary overseas travel insurance covers travel cancellation, medical expenses and much more while you’re overseas. All you need to do is spend a minimum of $500 of your prepaid travel expenses on your card and you will be covered for a period of up to six months from the time of your departure from the country.
- Interstate Flight Inconvenience
- Domestic Hotel Burglary
- Transport Accident
- Extended Warranty
- Purchase Protection
- Price Protection
- 19.99% p.a. interest rate.
- Up to 44 interest free days on purchases.
- A very low 4.99% p.a. for 6 months balance transfer rate if you move your non-NAB credit balance to your new NAB Qantas Rewards Premium Credit Card.
- Get a free second card pack at no extra cost.
- Register for the free Verified by Visa and MasterCard SecureCode and enjoy secure online shopping.
- VIP Lost Card Cover protection.
- Bank with ease online or on the phone.
- Receive emergency travel assistance 24/7.
- Plus NAB American Express cardholders have the exclusive opportunity to connect with some of the best shopping, dining, travel and entertainment offers available, all online at amexnetwork.com.au/selects
NAB Qantas Rewards Premium overview
The rewards program
This card has a generous rewards program that allows customers to accumulate unlimited frequent flyer miles. Because the NAB Qantas Rewards Premium Card issues two credit cards, one being an American Express and the other being the Visa card, customers can acquire rewards points on two levels. The American Express card rewards customers with 1.5 points for every dollar spent and the VISA card 2 points for every $3 spent. There is no cap for accumulating rewards points so this means that frequent travellers or business accounts can quickly build up plenty of free flights.
The Two Credit Card Account
The NAB Qantas Rewards Premium Card offers their customers a dual card option, but with only one monthly statement. This gives business travellers and customers with larger monthly budgets the ability to utilise either card that suits their need and only have to deal with one statement. The American Express card does not accrue any interest charges if the balance is paid in full each month; whereas the VISA card has its fixed interest rate for purchases.
Overall card reliability
The card under review has top of the line overall benefits, competitive rates, and a world class rewards program. The American Express card gives customers 1.5 points for every dollar spent and the Visa card gives 2 points for every $3 spent. The world class customer service and additional card benefits such as extended warranty coverage, travellers insurance, and many other options makes the NAB Qantas Rewards Premium Card a strong platinum card offering in the Australian credit card marketplace.
How to apply for the NAB Qantas Rewards Premium Credit Card
If you’re interested in applying for this card, click the apply button to be redirected to a secure NAB landing page. From here you can apply for the card, or you can simply read the terms and conditions, something that’s a must for all potential applicants.
The application should only take between ten and twenty minutes, and you will need to provide information about your assets, liabilities, income and expenses. A driver’s licence or passport will be needed to verify your identity.
If you wish to perform a balance transfer, you can nominate to do this during the application.
Once the application is complete, you will have a response within a minute. Your application will be accepted, declined or conditionally approved. If you’re granted conditional approval, you will need to provide further documentation, like your most recent payslips before a final decision is made.
If you’re application is successful, your card can either be collected from a NAB branch or it can be sent out via post. You will need to activate your card before you can begin using it, you’ll be given instructions on how to do this when you receive your card.
Read the NAB Qantas Rewards Premium 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. | $12,000 | |
| Max Credit Limit | $50,000 |
| Annual Fee | $250 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 Withdrawal | $4 | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 |
Pros
- This card lets you earn an unlimited number of Frequent Flyer points.
- The NAB Qantas Platinum Credit Card is a dual card account. Chose between using your American Express or Visa card depending on how many points you can accrue in each situation.
- Card holders are allowed one extra card pack featuring both the Visa and American Express at no extra cost.
Cons
- This card only has an interest free period of up to 44 days which is short when compared with other banks that offer up to 55.
- For a platinum card the rate of accrual is low. You will only earn 1.50 points per $1 spent on eligible purchases with the American Express and 0.50 points per $1 spent on eligible purchases with the Visa card.
Read the NAB Qantas Rewards Premium Card terms and conditions.
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25 Responses to NAB Qantas Rewards Premium Credit Card – Details & Application
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I’m moving to Australia on a 4 year work Visa in 3 weeks. I am looking for the best rewards credit card available to me. I will make more than $50000 a year and have excellent credit in the US. However, most Australian credit cards require permanent residency. I’ll be an excellent customer for a Credit Card Company if they’ll let me. Please help!
-John
what is the max amount of points per year QF
Hi Keiran
Thanks for your comment
There’s no cap on the number of points you can earn with the NAB Qantas Rewards Premium Card
Cheers
Jeremy
info regarding travel insurance
Hi Jacob,
To qualify for travel insurance you must spend a minimum of $500 of your prepaid travel expenses on your NAB Qantas Rewards Premium Card. Please refer to the terms and conditions for further information – http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/4/30/5 – Thanks.
Cheers,
Jeremy
I am a happy owner of a NAB Platinum Qantas card.
Can you please send me the details of it’s complimentary travel insurance coverage.
Hi Richard,
Please follow the link to the terms and conditions document at the bottom of our details and application page for further information on the NAB Platinum Credit Card’s complimentary travel insurance. Thanks.
Cheers
Jeremy
is there a limit to number of FF points that can be accumulated in 1 year
Hi Richard. Thanks for your question. The American Express card rewards customers with 1.5 points for every dollar spent and the VISA card 2 points for every $3 spent. There is no cap for accumulating rewards points so this means that frequent travellers or business accounts can quickly build up plenty of free flights. Hope this helps.
Is there a minimum annual salary for this card and if so how much
?
Hi Adam. Thanks for your question. The minimum income requirement for this card is $65,000 p.a. before tax. Cheers.
I do not understand how the VISA interest charge is worked out. You state that: ‘The American Express card does not acquire any interest if the balance is paid in full each month; whereas the VISA card has its fixed interest rate for purchases.’
What happens if the full balance is paid every month from the VISA card’s purchases? Surely this cannot attract interest as well?
Hi Ash. The two cards are linked to the one account and have a shared annual percentage purchase and cash advance rate. Cardholders are given two cards so they have the option of using the card that’s going to earn them the most points on any given purchase. Thanks for your question.
Hi,
I notice that whenever I am in a store the charge to use American Express cards is between $4.00 to $7.00 –does this apply to the NAB/QANAS /AMERICAN EXPRESS CARD ???—Jim
Hi Jim. Thanks for your question. Typically American Express credit cards have a higher merchant surcharge fee than Visa and MasterCard, retailers pass this charge onto the customer. Cheers.
Hi,
We are retired—-notice the NAB/QANTAS/AMERICAN EXPRESS CARD has a minimum income level of $65,000.00—-as we already have an NAB Platinum,with a limit of $10,000.00 and could go much higher, as our financial situation is solid,could we roll the card over to Qantas/NAB/AMERICAN EXPRESS —??? JIM
Hi Jim. Thanks for your question. If you meet the eligibility requirements, there’s no problem transferring between two NAB credit cards; however, you will not be eligible for the balance transfer promotional rate of interest. Cheers.
If I pay my tax with this card is there a limit on the number of pints I can get.
Hi Michael. Points earning is not capped. Thanks for your question.
can the minimum amount be reduced to 8K?
Hi Rhoda. Thanks for your question. The minimum credit limit you are assigned when you first apply is $8,000.
The following is taken from the NAB website: ‘If you want to go below the limit for your card type (unless your minimum is already $500), you can request to change your type of card. Just remember that if you do, you may lose your platinum or gold benefits like complimentary insurances. You’ll usually still keep any rewards points showing on your statement, but it is worth checking.’
Hope this helps.
Hi
I spent 30 minutes attempting a credit card application and after checking my details many many times and getting very frustrated, the application would not progress to the next page. I gave up!! Please could you help me understand why the site is so user unfriendly??
Hi Vicki. I’ve been through the application this morning and I have not had any trouble with it. Can you please elaborate on the issues you were experiencing? Also, when in doubt, try another web browser. Thanks for your question. Jacob.
What insurance does this provide for travel in the U.S.A?
Hi Peter. Thanks for your question. According to the NAB website, ‘Cover for travel cancellation, overseas medical expenses, lost luggage (up to $20,000) or travel documents, rental vehicle excess, accidental death and disability, missed connections, personal liability, rental vehicle damage and theft excess waiver, hijack and detention, and kidnap and ransom.’ Hope this helps. I’ve sent some more information to your email. Jacob.