NAB Qantas Rewards Premium Card – Rates and Fees

Information verified correct on September 23rd, 2016
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Earn up to 20,000 bonus Qantas reward points with the NAB Qantas Rewards Premium Card special offer.

Apply for the NAB Qantas Rewards Premium Card by 2 October 2016 and earn 20,000 bonus Qantas Points. The card also gives you access to a world of special offers, privileges, travel and leisure perks. NAB offers you two cards conveniently linked into one, allowing you to earn maximum points when shopping and giving you more acceptability in outlets across the globe.

The NAB Qantas Rewards Premium Card offers the added benefits of a platinum card and lets you earn more Qantas reward points on everyday purchases up to $12,500 on each statement cycle.

Product NameNAB Qantas Rewards Premium Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 15 months with a one off 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.99% p.a.)
Balance Transfer Limit90% of available credit limit
Purchase rate (p.a.)0% p.a. for 15 months (reverts to 19.99% p.a.)
Offer end date2 October 2016
Annual fee$250 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
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.
$6,000
Minimum Monthly Repayment2% or $25 which ever is greater
Card TypeAmerican Express/Visa
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)3% of transaction value
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
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.
$6,000
Annual Fee$250 p.a.
Minimum Repayment2% or $25 which ever is greater
Late Payment Fee$9
Over Limit Fee$0
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas Emergency Replacement$100
Overseas ATM Balance check$1
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3% of transaction value
Foreign Currency Conversion Fee (AMEX)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Pros
  • Receive 20,000 bonus Qantas Points when you make an everyday purchase within 90 days.
  • This card comes with a balance transfer and purchase offer of 0% p.a. for 15 months.
  • The NAB Qantas Rewards Premium Credit Card is a dual card account. Choose between using your American Express or Visa card depending on how many points you can accrue in each situation.
  • Cardholders are allowed one extra card pack featuring both the Visa and American Express at no extra cost.
  • Cardholders can benefit from complimentary insurance covers and concierge services.
Cons
  • This card only has an interest-free period of up to 44 days which is short when compared to other banks that offer up to 55 interest-free days.
  • For a platinum card, the rate of accrual is low. You will only earn 1.5 points per $1 spent on eligible purchases with the American Express and 0.5 points per $1 spent on eligible purchases with the Visa card.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up20,000
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (AMEX)1.5
Rewards Points per $ (VISA/MC) Cap12,500
Rewards Points per $ (AMEX) Cap37,500
Points ExpiryNever

NAB Qantas Rewards Premium Card review

Do you want to earn Qantas Frequent Flyer credit cards as you spend? The NAB Qantas Premium Card could be worth your time and consideration. Earn 20,000 bonus points when you apply before 2 October 2016. If you have an existing debt that’s collecting high interest, you can take advantage of a low balance transfer offer to repay your debt faster and cheaper. If you’d prefer to use your card for purchases, you could also benefit from up to 44 interest-free days. You can also travel and shop with peace of mind thanks to complimentary travel and price protection insurances. Compare the benefits and features and discover whether this card is right for you.

Benefits of the NAB Qantas Rewards Premium Card

  • Earn reward points. You get to earn reward points on your NAB Qantas Rewards Premium Card that you can redeem through the Qantas Frequent Flyer rewards program. Some of the perks available include vouchers, flights and a wide range of products from the Qantas frequent flyer store.
  • Bonus reward points on your Visa and American Express cards. You earn 1.5 points Qantas Points for every dollar you spend on your American Express card on eligible purchases and eligible flights. You also earn 0.5 points per dollar spent on your NAB Visa Card. Plus you can receive 20,000 bonus Qantas points if you apply by 2 October 2016.
  • Your premium card account. The NAB Qantas Rewards Premium Card offers you two cards: the NAB Qantas Rewards Premium American Express Card is designed to help you earn maximum reward points on eligible purchases while the Visa card offers you worldwide acceptability at more outlets, making shopping more convenient.
  • Complimentary Qantas Frequent Flyer membership. Joining the Qantas Frequent Flyer program allows you to earn Qantas reward points on your card. The points are credited directly to your membership account, which makes it much easier to earn points and redeem them for different perks such as flights and gift vouchers.
  • Overseas travel insurance.This insurance covers you for cancelled flights, any medical expenses incurred while overseas and lost luggage up to $20,000. You are also covered for missed connections, rental vehicle excess, hijack and personal liability. To be eligible for the insurance cover, you have to use your credit card to purchase at least $500 of your prepaid transportation expenses, accommodation expenses or organised land tour costs.
  • Price protection insurance. Your NAB Qantas Rewards Premium Card allows you to shop with confidence anywhere in Australia with the knowledge that you will be reimbursed the difference between an item charged on your card and a lower advertised price for that same item.
  • Interstate flight insurance. Get reimbursed for items lost or damaged during an interstate flight or if you have to cancel or amend your flight due to serious illness.
  • Transport travel insurance. You or members of your family are covered for serious injury or death in an accident while travelling.
  • Domestic hotel burglary insurance. You are covered for up to $2,500 for loss or damage of personal items due to burglary of your hotel or motel within Australia.

About NAB Credit Cards

NAB Qantas Rewards Premium Card features

  • Interest-free days. Enjoy up to 44 interest-free days on purchases.
  • Annual fee. The card has an annual fee of $250.
  • Interest rates. The card carries a 19.99% p.a. rate on purchases, a 21.74% p.a. rate on cash advances and a limited balance transfer rate of 0% p.a. for 15 months with a one off 2% balance transfer fee.
  • Qantas points. Earn 20,000 bonus Qantas Points if you apply for your card by 2 October 2016.
  • Premium benefits. Your NAB Qantas Rewards Premium Visa Card offers access to round-the-clock emergency travel assistance and special shows, events and movies from Visa Entertainment. You can also use your Visa card to make contactless purchases.
  • Retail benefits. Your NAB Qantas Rewards Premium American Express Card allows you to connect to a variety of offers from retailers and travel and leisure possibilities. You also get to benefit from Globalshop, a shipping service for all your purchases made from UK and US online stores.
  • Complimentary insurances. Benefit from seven complimentary insurances on your card including Price Protection Insurance, Overseas Travel Insurance and Transport Travel Insurance.

How to apply for the NAB Qantas Rewards Premium Card

The application process will take 10 minutes and you will get a response within 60 seconds of completing the application. You have the option of verifying your ID online while applying so as to avoid bank queues. Please note that you have to fulfil the following qualification criteria before getting approved for the card:

Eligibility criteria

  • Be at least 18 years of age
  • Be an Australian citizen with permanent residency in Australia
  • Have a good credit rating

Required documents

  • Your full name, your contact information and current address
  • Your Australian driver’s licence number
  • Information about your income and expenses
  • Your email address

The NAB Qantas Rewards Premium Card connects you to a world of offers, benefits and rewards. Learn more about the card to see if it suits your interests and lifestyle today.

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Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
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