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Up tp 70k 60,000 when you spend $2,000 within the first 60 days, plus 10,000 when you keep your card for over12 months
NAB Qantas Rewards Premium Credit Card
NAB Qantas Rewards Premium Credit Card

NAB Credit Cards

NAB Qantas Rewards Premium Credit Card

Updated 26 April 2024

Earn up to 70,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card - 60,000 bonus points when you spend $2,000 on eligible purchases within the first 60 days from card approval and additional 10,000 bonus points when you keep the card open for at least 12 months. Save with 0% p.a. for 12 months on balance transfers (3% balance transfer fee applies) and reduced annual fee of $150 for the first year. Plus, get complimentary Qantas frequent flyer membership as well as a range of insurance covers.
T&Cs apply.

Points Earn Rate (per $1 spent)

0.67 points

Capped at $3000, then 1 point per $3 spent capped at $6,000

Rewards Program

Qantas Frequent Flyer

Bonus Points

Up tp 70k pts

60,000 when you spend $2,000 within the first 60 days, plus 10,000 when you keep your card for over12 months

Pros and cons

  • Earn up to 70,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card - 60,000 bonus points when you spend $2,000 on eligible purchases within the first 60 days from card approval plus 10,000 bonus points when you keep the card open for at least 12 months.
  • Enjoy a reduced annual fee of $150 for the first year; $250 thereafter.
  • Variable Purchase rate: 20.99% p.a.
  • Earn 1 Qantas Point per $1.50 on eligible purchases for the first $3,000 spent
  • Earn 1 Qantas Points per $3 for the next $3,000 spent on everyday purchases
  • 0% p.a. for 12 months on balance transfers. A one off 3% balance transfer fee applies. BT reverts to variable cash advance rate
  • Up to 44 interest-free days on purchases
  • Additional cardholder at no extra cost
  • Complimentary Qantas frequent flyer membership
  • Range of complimentary insurance covers
  • International Travel Insurance for trips of up to 90 days (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • Points capped at $6,000 per statement period
  • 3% balance transfer fee applies

Creditcard.com.au review

Editor Review

NAB Qantas Rewards Premium Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The NAB Qantas Rewards Premium Credit Card

With up to 70,000 bonus Qantas Points, reduced annual fee for the first year, plus, 0% p.a. on balance transfers for 12 months 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.

Point calculations are accurate as of 26 April 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official NAB page for the updated calculations.

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 up to 70,000 bonus Qantas Points available to new cardholders, all you have to do is spend $2,000 on eligible purchases within the first 60 days of opening the account to receive the $60,000 bonus points. To get the additional 10,000 bonus points, simply keep your card open for at least 12 months. Your bonus points will be credited to your account within three months of meeting the spend criteria and within your 13th month.

What will 70,000 Qantas Points actually get you? With 21,500 Qantas Points, you could fly from Sydney to Phuket or, you could head to the Qantas Store to pick up a De'Longhi Lattisima One coffee machine, or a Samsonite City Rhythm Spinner suitcase for less than your 70,000 Qantas Points bonus.

In terms of introductory offers, the NAB Qantas Rewards Premium Credit Card has yet more to offer. New cardholders can enjoy a reduced annual fee for the first year from $250 to $150 - that's $100 in savings.

If you want to pay down existing credit card debt, you could take advantage of 0% p.a. on balance transfers for 12 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.

What’s not so great...

While there is a lot to love about the NAB Qantas Rewards Premium Credit Card, there's plenty you need to be aware of. If you sign up for the balance transfer offer, you will pay a 3% balance transfer fee and if you don’t pay off your transferred balance, it will revert to the card’s variable cash advance rate at the end of the 12-month intro period.

In terms of interest, this card has a relatively high variable 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 large, 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:

  • International travel insurance for trips up to 90 days (including COVID-19 coverage effective 30 June 2022, T&Cs apply)
  • Purchase protection insurance
  • Extended warranty 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 up to 70,000 bonus Qantas Points, reduced annual fee for the first year, and 0% p.a. on balance transfers for 12 months. Plus, complimentary insurances, a Platinum Concierge and Visa Front Line access.

User reviews

NAB Qantas Rewards Premium Credit Card ( based on 7 Creditcard.com.au user reviews )

52% rating based on 7 reviews

Rates
Fees
Rewards
Customer Service
Value
76%

Creditcard.com.au Visitor

18 April 2013

Depending 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

Rates and fees

Interest rates



Purchase rate 20.99% 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 12 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan N/A

Balance transfer fee 3% one off

Balance transfer limit 90% of approved credit limit

Brands you can't balance transfer from NAB

Credit limits

Minimum credit limit $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $250 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $25 whichever is greater

Annual fee the first year $150

Cash advance fee 3% or $3.00 whichever is greater

Late payment fee $15

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points Up tp 70k points

Annual points cap 72,000

Bonus points spend criteria 60,000 when you spend $2,000 within the first 60 days, plus 10,000 when you keep your card for over12 months

Earning points with this card

Qantas Rewards points 0.67 points per $1 spent

Points cap per month Capped at $3000, then 1 point per $3 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

Flight Inconvenience Insurance Yes

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Free Qantas Frequent Flyer membership (save $99.50)

Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Overview

NAB Qantas Rewards Premium Credit Card

Key features

  • Earn up to 70,000 bonus Qantas Points on a new NAB Qantas Rewards Premium Card - 60,000 bonus points when you spend $2,000 on eligible purchases within the first 60 days from card approval plus 10,000 bonus points when you keep the card open for at least 12 months.
  • Enjoy a reduced annual fee of $150 for the first year; $250 thereafter.
  • 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.
  • 0% p.a. on balance transfers for 12 months. One off 3% balance transfer fee. BT reverts to variable cash advance rate
  • Up to 44 interest-free days on purchases
  • Additional cardholder at no extra cost
  • 24/7 Concierge service
  • 5 types of complimentary insurances including International Travel insurance (COVID-19 coverage included effective 30 June 2022, T&Cs apply)
  • Complimentary Qantas Flyer program membership
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian or New Zealand citizen; Australian Permanent Resident or non-resident holding an acceptable Temporary Residency Visa

  • You have your personal details ready to complete the online application

Pauline

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

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

22 questions (showing the latest 10 Q&As)

Maria

Maria

22 March 2024
Can you override the annual fee if you are a shareholder? Or how can you have the card without having to pay the yearly fee?
    Pauline - CreditCard.com.au

    Pauline

    28 March 2024
    Hi Maria, that's a fabulous question! You could give NAB a call to request a waiver of the annual fee, but it's totally up to them if they grant it. I'm not sure about any sway you might have as a shareholder. NAB's customer service may be able to let you know. Thanks Maria!
Brendan

Brendan

11 December 2023
What are the Qantas earning points on an existing Qantas Visa Platinum card issued in 2016. Not the current Rewards card. Brendan
    Pauline - CreditCard.com.au

    Pauline

    12 December 2023
    Hi Brendan, not sure what card you’re referring to. If you’re referring to the NAB Qantas Rewards Premium card, you earn 1 Qantas Point per $1.50 on eligible purchases for the first $3,000 spent and 1 Qantas Points per $3 for the next $3,000 spent on everyday purchases. However, if you're referring to a different NAB card, I recommend contacting them directly to confirm the details.

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