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100,000 80K bonus Points when you spend $1,000 on everyday purchases within the first 60 days; 20K bonus Points when you keep your card for over 12 months
NAB Rewards Platinum Credit Card
NAB Rewards Platinum Credit Card

NAB Credit Cards

NAB Rewards Platinum Credit Card

Updated 24 April 2024

Receive 100,000 bonus Points- 80,000 bonus Points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus Points when you keep your card open for over 12 months (worth $480 in gift cards). Enjoy all awesome features while paying a reduced annual fee of $45 for the first year, saving you $150. Earn 1 NAB Rewards Points per dollar spent on everyday purchases and redeem your rewards points for travel, gift cards, and a wide range of products. T&Cs apply.

Points Earn Rate (per $1 spent)

1 point

NAB

Rewards Program

NAB Rewards

Bonus Points

100,000 pts

80K bonus Points when you spend $1,000 on everyday purchases within the first 60 days; 20K bonus Points when you keep your card for over 12 months

Pros and cons

  • 100,000 bonus Points - 80,000 bonus Points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus Points when you keep your card open for over 12 months (worth $480 in gift cards)*
  • Reduced annual fee of $45 for the first year (saving you $150), $195 thereafter
  • Variable Purchase rate: 20.99% p.a.
  • 0% p.a. for 12 months on balance transfers. A one off 3% balance transfer fee applies. Reverts to variable cash advance rate of 21.74% p.a.
  • Earn 1 NAB Rewards Point for every $1 spent on everyday purchases
  • Up to 44 interest-free days on purchases
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • 3% balance transfer fee applies

Creditcard.com.au review

Editor Review

NAB Rewards Platinum 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.

⚠ Upcoming personal credit card changes: From 18 April 2024, NAB is making changes to personal credit cards and some updates to the terms and conditions. A summary of the upcoming changes can be found here.

The NAB Rewards Platinum Credit Card

Allowing you to earn NAB Rewards on your credit card spending, the NAB Rewards Platinum Credit Card is a rewards card packed with extras and some very enticing introductory offers as well. If you apply today, you can earn 100,000 bonus NAB Rewards Points - 80,000 bonus Points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus Points when you keep your card open for over 12 months (worth $480 in gift cards). Plus benefit from 0% p.a. on balance transfers for 12 months.

* Just be aware that to be eligible for the bonus points, you can’t be an existing NAB customer who has already applied for or is currently entitled to NAB Rewards Bonus points for a new home loan or personal credit card within 18 months of applying for the NAB Rewards Platinum credit card.

NAB has also partnered with Accor, giving you the chance to convert your NAB Rewards points into Accor Live Limitless (ALL) points and redeem them for hotel stays. 6 NAB Rewards points equals 1 ALL point, which you can set up as an automatic transfer for convert manually in batches of 3000 NAB Rewards points. Your bonus points can be converted into ALL points, too.

ALL Reward points can be used toward a hotel stay (as long as you meet the bonus point criteria. When you use your ALL points for an eligible one-night stay, you'll be fast-tracked to ALL Silver status, which gives you early or late check-in and a welcome drink.

What we love...

What do we love? It’s hard to go past that bonus points offer. If you apply for the NAB Rewards Platinum Credit Card today, you can take home 100,000 bonus NAB Rewards Points - 80,000 bonus Points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus Points when you keep your card open for over 12 months (worth $480 in gift cards). So, what does 100,000 NAB Rewards Points actually give you?

The NAB Rewards Program offers plenty of diversity. Having teamed up with Air New Zealand’s Airpoints, Cathay Pacific’s Asia Miles, Singapore Airlines’ Kris Flyer, and Virgin’s Velocity Frequent Flyer, NAB Rewards lets members transfer points to their chosen frequent flyer programs. So if you want to earn Airpoints Dollars, that 100,000 Points bonus would equate to $400 to spend on Air New Zealand flights.

Alongside a host of frequent flyer redemption options, NAB Rewards also lets members redeem points within the NAB Rewards Store. You can redeem your NAB Rewards Points for a wide range of gift cards, vouchers, homewares, technology, products and travel with Webjet. And that bonus? 100,000 NAB Rewards Points could give you $480 in gift cards.

Point calculations are accurate as of 18 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.

You can earn NAB Rewards Points for everyday spending and Bonus Points for shopping with certain retailers:

  • Earn 1 NAB Rewards Point for every $1 spent on everyday purchases
  • Earn Bonus Points at eligible grocery stores: you'll get 1 NAB Rewards Point plus 0.5 additional bonus point when you spend at eligible grocery stores.
  • Earn Bonus Points with Webjet: you'll earn 1 NAB Rewards point plus 1 additional bonus NAB Rewards Point for purchases made online with Webjet. Purchases must be made via Webjet's website or the NAB Rewards Store (Webjet booking terms and conditions apply).

Just note that an eligible grocery store is one with a 5411 Merchant Category Code, and you won't earn Bonus Points if you use a third-party payment service such as PayPal or Uber Eats.

In terms of points redemption on frequent flyer programs, here’s how that stacks up:

  • 3,000 NAB Rewards Points equals 15 Airpoints Dollars
  • 3,000 NAB Rewards Points equals 1,000 Asia Miles
  • 3,000 NAB Rewards Points equals 1,000 KrisFlyer Miles
  • 3,000 NAB Rewards Points equals 1,500 Velocity Frequent Flyer Points

And, remember you can now opt to convert your NAB Reward points into Accor Live Limitless points, which can be used towards travel costs and experiences.

What’s not so great...

Now for the not-so-fun stuff. If you choose to take advantage of the 0% p.a. balance transfer offer, be aware that there is a 3% balance transfer fee and any transferred balance left unpaid at the end of the six month introductory period will revert to the card’s variable cash advance rate of 21.74% p.a.

In terms of interest in general, both the card’s variable purchase rate and cash advance rate are relatively high, so try to avoid carrying a balance whenever possible. The card also has a fairly significant standard annual fee of $195, but as long as you find value in the card, then the annual fee should pay for itself.

Why should you choose this card?

If you want to earn rewards on your credit card spending – and you’re not bothered about earning on the Qantas program – then the NAB Rewards Platinum Credit Card could be a fantastic option. NAB seems to have put a lot of work into the NAB Rewards Program, allowing members to choose between three very popular frequent flyer options, and a well-stocked NAB Rewards Store.

You'll also enjoy a reduced annual card fee of $45 for the first year, saving you $150. Plus, you can choose to add one additional cardholder at no extra cost, allowing you to earn points faster. And, if you have existing credit card debt, you can take advantage of the card’s balance transfer offer of 0% p.a. on balance transfers for 12 months.

In terms of extras, you can benefit from the assistance of the NAB Concierge Service, and advanced ticket sales with Visa Front Line access.

Overall Rating

An excellent rewards card, the NAB Rewards Platinum Credit Card is perfect for cardholders looking to earn points on the NAB Rewards Program while enjoying an array of extras, plus 100,000 bonus NAB Rewards Points, 0% p.a. on balance transfers for 12 months, plus a reduced annual fee for the first year.

User reviews

NAB Rewards Platinum Credit Card ( based on 6 Creditcard.com.au user reviews )

66% rating based on 6 reviews

Rates
Fees
Rewards
Customer Service
Value

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 No

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 $195 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 $45

Cash advance fee 3% or $3.00 whichever is greater

Late payment fee $15

Rewards and points

Rewards program

Rewards Program NAB Rewards NAB Rewards

Bonus points 100,000 points

Annual points cap uncapped

Bonus points spend criteria 80K bonus Points when you spend $1,000 on everyday purchases within the first 60 days; 20K bonus Points when you keep your card for over 12 months

Earning points with this card

NAB Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 3 months

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

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

Overview

NAB Rewards Platinum Credit Card

Key features

  • Earn 100,000 bonus Points - 80,000 bonus Points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus Points when you keep your card open for over 12 months (worth $480 in gift cards).
  • Earn 1 NAB Rewards Point for every $1 spent on everyday purchases
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay
  • 0% p.a. on balance transfers for 12 months with a 3% balance transfer fee. BT reverts to variable cash advance rate of 21.74% p.a.
  • Reduced annual card fee of $45 for the first year (saving you $150), $195 thereafter
  • 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

  • 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.

21 questions (showing the latest 10 Q&As)

Lydia Ogilvie

Lydia Ogilvie

5 March 2023
What are the conditions of car hire covering waiver on accident insurance with a NAB Velocity frequent flyer Platinum card pls?
    Pauline - CreditCard.com.au

    Pauline

    6 March 2023
    Hi Lydia, the nuances of included insurances are usually case dependent and feature inclusions and exclusions. For specifics for your use, you can check information about the insurance terms, conditions, and exclusions on their official insurance policy PDF for specifics. You can find it here - https://www.nab.com.au/content/dam/nab/documents/policy/insurance/nab-card-insurance-policy-information-2021.pdf - on pages 75 to 77.

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