With no classic card in its line-up, NAB Rewards instead focuses on the higher earn potential of its Platinum and Signature cards. The program itself is appealingly flexible, with redemption options ranging from gift cards and merchandise, to cashback, charity donations, and conversions to a nice selection of Frequent Flyer partners.
The annual fee is $195. You will receive up to 80,000 NAB Rewards bonus points when you spend $1,000 on everyday purchases within the first 60 days and keep your card open for over 12 months. Extras include a concierge service and insurances.
The annual fee is $295. You will receive 100,000 bonus NAB Rewards Points when you spend $3,000 within 60 days, and a further 40,000 bonus NAB Rewards Points when you keep the card for 12 months. Extras include a concierge service and insurances.
Redemption options on NAB Rewards include:
Time to check out the value on offer. Note, we will focus on a higher spend on these cards as they are higher tier cards with higher annual fees.
NAB Rewards Platinum Card (earn 3, 2 or 1 points per $1 depending on spend type, $195 annual fee, concierge and insurances, bonus points).
NAB Rewards Signature Card (earn 3.75, 2.5 or 1.25 points per $1 depending on spend type, $295 annual fee, concierge and insurances, intro bonus points plus additional points after 12 months).
You could enjoy a nice return on a higher spend, but it would be beneficial to boost your earn potential by spending in the higher earn categories of department store, overseas and Webjet purchases. If you decide to keep the card past the first year, you could benefit from another bonus points boost, providing additional value into that second year.
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger.
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