- Earn 30,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card when you spend $2,500 on everyday purchases within 60 days of account opening
- Complimentary Qantas flyer membership
- Range of complimentary insurance covers
- International Travel Insurance for trips of up to 90 days
- 0% p.a. for 6 months on balance transfers. One off 2% balance transfer fee applies. Reverts to Cash Advance Rate.
- Up to 44 interest-free days on purchases
- Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
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NAB Credit Cards
NAB Qantas Rewards Premium Credit Card
Updated 19 October 2020
Earn 30,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card when you spend $2,500 on everyday purchases within 60 days of account opening. Benefits of the card include one free additional cardholder, Visa PayWave, 24/7 Concierge Service, emergency assistance, and special offers on entertainment, dining and shopping.
Points Earn Rate (per $1 spent)
0.67 points
Capped at $3000, then 0.335 pts per $1 spent capped at $6,000
Rewards Program
Qantas Frequent Flyer
Bonus Points
30,000 pts
Spend $2,500 in first 60 days
Pros and cons
- Points capped at $6,000 per statement period
- 2% balance transfer fee applies
Creditcard.com.au review
Editor Review
NAB Qantas Rewards Premium Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The NAB Qantas Rewards Premium Credit Card
With 30,000 bonus Qantas Points and 0% p.a. on balance transfers for six months on offer, there is certainly a lot to love about the NAB Qantas Rewards Premium Credit Card. As a cardholder, you can also enjoy a decent earn rate on everyday spending, a full suite of complimentary insurance covers, Visa Front Line access and the service of a personal Platinum Concierge.
What we love...
One of the most enticing aspects of the NAB Qantas Rewards Premium Credit Card has to be its bonus points offer. With 30,000 bonus Qantas Points available to new cardholders, all you have to do is spend $2,500 on the card within 60 days of account opening to benefit. As long as you manage this, your bonus points will be credited to your account within three months.
What will 30,000 Qantas Points actually get you? With 28,000 Qantas Points you could fly from Sydney to Phuket, from Perth to Taipei, or from Melbourne to Hong Kong. Or, you could head to the Qantas Store to pick up Bose SoundSport In-Ear Headphones, a Breville Aroma Style Electronic Coffee Machine, or an Oroton Estate mini tote for less than your 30,000 Qantas Points bonus.
In terms of introductory offers, the NAB Qantas Rewards Premium Credit Card has yet more to offer. If you want to pay down existing credit card debt, you could take advantage of 0% p.a. on balance transfers for six months. This could help you save on interest, while you work on clearing that debt.
As a rewards card, the NAB Qantas Rewards Premium Credit Card is pretty straightforward. You will earn 1 Qantas Point per $1.50 on the first $3,000 of each statement period, 1 Qantas Point per $3 on the next $3000, to be capped at $6,000. You can also benefit from complimentary Qantas Frequent Flyer membership, if you’re not already a member, saving you $99.50.
Plus, you can earn additional points when using your card to make purchases directly with Qantas. You will earn 1 additional Bonus Point for every $1 spent in Australia on Qantas flights booked directly through qantas.com, Qantas Contact Centres and selected travel agents; on Qantas Club membership, joining and annual fees; on Qantas Gift Vouchers; and on purchases made through qantasstore.com.au, qantasshop.com.au and qantasepiqure.com.au.
What’s not so great...
While there is a lot to love about the NAB Qantas Rewards Premium Credit Card, there is plenty to be aware of. If you sign up for the balance transfer offer, you will pay a 2% balance transfer fee, and if you don’t pay off your transferred balance, it will revert to the card’s cash advance rate at the end of the six month intro period.
In terms of interest, this card has a relatively high purchase rate and cash advance rate, so it’s best not to carry a balance month to month. There is also a substantial annual fee to cover each year, but this should only become an issue if you’re not able to afford it, or you’re not getting your money’s worth.
One way to find out if a card offers value is to think about what it offers. For some cardholders, this card’s tiered points system and points capping will simply not offer the value they need. For others, the card’s rewards system and additional features will more than make up for the higher annual fee.
Why should you choose this card?
If you want a rewards card that earns Qantas Points on everyday spending, the NAB Qantas Rewards Premium Credit Card could be ideal. Although the annual fee is significant, you can choose to add one additional cardholder at no extra charge, to help you earn points faster.
As for additional features, you will have access to a personal concierge service, and advance ticket reservations with Visa Front Line access. Plus, you can benefit from some extra peace of mind, with the following complimentary insurance covers:
- Overseas travel insurance for trips up to 90 days
- Transport accident insurance
- Interstate flight inconvenience insurance
- Domestic hotel burglary insurance
- Purchase protection insurance
- Extended warranty insurance
- Price protection insurance
Overall Rating
An excellent rewards card, the NAB Qantas Rewards Premium Credit Card allows you to earn Qantas Points on everyday spending, while benefiting from extras such as 30,000 bonus Qantas Points, 0% p.a. on balance transfers for six months, complimentary insurances, a Platinum Concierge and Visa Front Line access.
User reviews
Rates and fees
Interest rates
Purchase rate 19.99% p.a.
Cash advance rate 21.74% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan N/A
Balance transfer fee 2% one off
Balance transfer limit 90% of approved credit limit
Banks you can't balance transfer from NAB
Credit limits
Minimum credit limt $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $250 p.a.
Additional card holder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment
Cash advance fee 2% or $2.50 whichever is greater
Late payment fee $15
Rewards and points
Rewards program
Rewards Program
Qantas Frequent Flyer
Bonus points 30,000 points
Annual points cap 72,000
Bonus points spend criteria Spend $2,500 in first 60 days
Earning points with this card
Qantas Rewards points 0.67 points per $1 spent
Points cap per month Capped at $3000, then 0.335 pts per $1 spent capped at $6,000
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 3 months months
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Domestic hotel burglary insurance
Free Qantas Frequent Flyer membership (save $99.50)
Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
Overview
NAB Qantas Rewards Premium Credit Card
Using the card to purchase selected Qantas products and services will earn additional bonus points. Points can be redeemed for a range of flights, accommodation and entertainment, and as a cardholder, you will even get free membership to the Qantas Frequent Flyer program, with a saving of $99.50. Cardholders also benefit from a wide range of complimentary insurances, including overseas travel insurance, interstate flight insurance, transport accident insurance, domestic hotel burglary insurance, purchase protection, price protection and extended warranty.
Key features
- Earn 30,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card when you spend $2,500 on everyday purchases within 60 days of account opening
- Earn 1 Qantas Points per $1.50 spent up to $3,000. Then earn 1 Qantas Point per $3 from $3,001 - $6,000
- Points earning capped at $6,000 per statement period.
- Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
- Complimentary Qantas Flyer program membership
- 24/7 Concierge service
- 7 types of complimentary insurance
- International Travel Insurance for trips of up to 90 days
- 0% p.a. on balance transfers for 6 months. One off 2% balance transfer fee. Balance transfer reverts to cash advance rate. Minimum monthly repayments are required.
- Up to 44 interest-free days on purchases
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia. Temporary residents are eligible.
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question15 questions (showing the latest 10 Q&As)
What is the cash withdraw limit on this card
Hi Bill, you can withdraw up to your credit limit. You can go into a branch and withdraw over the counter with proper ID.
What do my earnings have to be to get the NAB Qantas Rewards Premium Credit Card
Hi Min, NAB do not provide any minimum income guidance. I would say for this card, you should earn at least 35k to apply.
I need a Membership number Award Card . how can I get that red colour AWARD card. Qantas Visa card. Thank you for your help. kristina
Hi Kristina, are you looking for your standard Qantas Frequent Flyer Red Card that comes with your Qantas membership? If yes then call Qantas Frequent Flyer Support on 1800 227 4220. If you are looking for a new Qantas credit card let me know and I can provide some suggestions.
I currently hold a NAB Qantas Platinum One card .....but I cannot find that type of card on the list.....is my card outdated?
Hi Estelle, they must have replaced your card at some time with another. NAB have rebranded their reward cards a number of times of over the past few years. To compare, you will need to review the rates and fees for your current card. They may be different but generally should fit in with one of the current NAB Qantas credit cards. Let me know if you require any further assistance. Bottom line I think its a good time to review your credit card and see if you are getting the best deal.
Do you loose qantas points when I transfer my credit card cash spent to qantas points?
Hi Sonia, if you are talking about cash advance. If you pull cash out of your card then you do not earn Qantas points. Once Qantas points are placed in your Qantas frequent flyer account. You cannot lose them as long as the account is active over an 18 month period.
I have lost my frequent flyer card (as has my husband, Kenneth McCurrach)
How do I obtain a replacement?
Hi Joy, To request a replacement Frequent Flyer Card, call the Frequent Flyer Service Centre and speak to a Qantas consultants. Please ensure you have your membership number available when calling. Before calling, ensure your address details are correct by visiting Your Profile. 1300 305 747
Does it allow for an additional card holder so another set of cards? If so, at what cost?
Hi Ash, you can have an another card holder with $0 annual fee on this product. Though I believe you are limited to just 1 additional card.
complementary travel insurance . what is the minimum amount required to be paid for by the card for any one trip
Hi Alan, you need to make a minimum of $500 in purchases.
You (or the accompanying NAB Cardholder) had purchased on a NAB card a minimum of $500* (inclusive of taxes and other charges) of pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) prior to the commencement of the trip. The purchase must be debited to a NAB Card prior to your departure from Australia.
I currently have an ANZ Visa Qantas Frequent Flyer card, however, the FF points are now capped at 1,000 every monthly statement period. As I use this card for all sorts of purchases and pay it off every month in full, I wan a better return on FF points. Average monthly spend would be approx. $7K. Would this card be a good replacement?
Hi Janis - with the bonus points, 1.5 Qantas points on the AMEX version and high points cap per statement period, this is a good offer. 1.5 Qantas points is the highest earn rate possible on standard purchases. Therefore if you can use the AMEX in most cases, this is a real winner. The insurance offering is also comprehensive. Best of luck with your application.
I have a Westpac Black earth card now but they are stopping this card. We are retired but have money in UBank. We hav had this card now for 20 years and have paid back in time every month. We have a limit of $34500 on the card. Is it possible to get the platinum qantas card the same as what we have already. We travel overseas for 6 months every year and we put all the travel costs on that card. We return to Australia on 1 November 2015 and would like to organise to close the Westpac and open the Nab Qantas Platimun card. Thanks Jan Also looking for six months free travel insurance.
Hi Jan - Not sure if you want to give Westpac the flick but the replacement card is the Black Altitude. With all your history with the bank, I am sure you could talk to them about moving over. It's still a great card and you can opt-in to the Qantas points earn @ 1.5 if you use the AMEX version. It comes with 2 cards and other good features. Even if you are not generating the min income required customer service should be able to move you over. If you go down that path let me know the outcome. I have a few contacts their that could assist if required. It doesnt include the 6 months travel insurance as well.
On the NAB Qantas, its a lower earn rate on the Visa at .5 per dollar but that might not be a worry. It lacks some of the bonus features of the black but has the reduced $250 annual fee for the troubles. Best luck with your application whichever way you go. ANZ have a great deal on at the moment with 75,000 bonus points on their Black Frequent Flyer card which has some great features as well and may also be of interest.
I am self employed. How does the bank calculate annual income?
Hi Russell - typically based on your tax returns that you file and state you income to the ATO. There may be additional income to this such as directors fees and other payments, though these should really be disclosed in your tax return also.
Hi Roland,
My current card is attached to mortgage deal with my bank. Will I be able to transfer its balance to a transfer deal card from it? If so then will my orginal cc have to be closed?
Thanks,
Denis
Hi Denis - My wife received a card with her mortgage basically that had no annual fee for life as part of the mortgage. They just want to get you to use more of their products ;)
Yes you are able to balance transfer the debt as long as its from a different bank aka Commbank to NAB (subject to credit approval). No you will not have to close the original card, this is a manual process. Even if the balance transfer pays off the card in full its just like the other bank makes a payment on your behalf just as you could to pay the card down. Best of luck with your application.
Where do I register my new qantas points card
To earn Qantas Points using your NAB Qantas Rewards Premium Card, you must be a member of the Qantas Frequent Flyer program and have provided your valid membership number to NAB in the online application form. Give NAB customer a call to register your QFF membership number if you have the card and have not provided it. If you are not already a Qantas Frequent Flyer member, NAB has arranged for the joining fee to be waived if you apply and receive a NAB Qantas Rewards Premium Card and join through qantas.com.au/joinffnab.
As for the bonus points, NAB is not clear on when they will be credited to your QFF account. The conditions are to make your first eligible purchase within 90 days - e.g. any shopping. I assume that the 20,000 bonus points would be then credited between 90-180 days. If you are calling NAB to provide your QFF number then I would confirm with them an approximate time of when the bonus points will hit your account also.
Will I earn at least one FF point with each dollar spent, including govt utilities and payments to the ATO?
Unfortunately ATO and government payments do not earn FF points in Australia, though some AMEX cards may allow this.
will i earn frequent flyer points with a balance transfer/
Hi Kristie, balance transfers do not earn points with this card. In general they are excluded because they are usually considered a cash advance, so for any credit card it is likely to be the same. You should always check terms and conditions of the card and rewards program you are interested in though, in case there is an exception.
Creditcard.com.au Visitor
18 April 2013Depending on what you're looking for and when you take up this offer (I got 38,000 bonus points just for joining) this is one of the best cards on the market. 38,000!! Sure, high annual fee but this is offset by many benefits. Save your money, use your card, no fees incurred and point accrued. Win for you, lose for them =)
Recommends this card