- 60,000 bonus points when you spend $1,000 on everyday purchases within 60 days of account opening
- Earn 1 NAB Rewards Point for every $1 spent on everyday purchases
- 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
- 7 complimentary insurances including Overseas Travel Insurance when you make an eligible purchase
- International Travel Insurance for trips of up to 90 days
- 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 Rewards Platinum Credit Card
Updated 19 October 2020
The NAB Rewards Platinum Card lets you earn 60,000 Bonus Points when you spend $1,000 on everyday purchases within 60 days of account opening. With the NAB Rewards program you can redeem your rewards points for a wide range of products, travel, technology and experiences. Earn 1 NAB Rewards Points for every dollar spent on everyday purchases. Access to seven complimentary insurances including Overseas Travel Insurance when you make an eligible purchase.
Points Earn Rate (per $1 spent)
1 point
NABRewards Program
NAB Rewards
Bonus Points
60,000 pts
Spend $1,000 within first 60 days
Pros and cons
- High annual fee of $195
- 2% balance transfer fee applies
Creditcard.com.au review
Editor Review
NAB Rewards Platinum 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 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 could benefit from 0% p.a. on balance transfers for six months, plus 60,000 bonus NAB Rewards Points when you spend $1,000 on the card within 60 days of account opening.
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 60,000 bonus NAB Rewards Points, as long as you spend $1,000 on the card within 60 days of account opening. So, what does 60,000 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 and Virgin’s Velocity Frequent Flyer, NAB Rewards lets members transfer points to their choice frequent flyer programs. So, if you want to earn Airpoints Dollars, that 60,000 points bonus would equate to $300 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? 60,000 NAB Rewards Points could give you $300 in gift cards.
As for everyday earning on the NAB Rewards Program, there is an earn structure you’ll need to get your head around:
- Earn 1 NAB Rewards Point for every $1 spent on everyday purchases,
- Earn double points on purchases made in major department and hardware stores (including Myer, David Jones, Kmart, Target, Bunnings and Mitre 10),
- Earn triple points with Webjet, when travelling overseas, or on overseas purchases made in Australia.
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 1,500 Velocity Frequent Flyer Points
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 2% balance transfer fee, and any transferred balance left unpaid at the end of the six month introductory period will revert to the card’s cash advance rate.
In terms of interest in general, both the card’s 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 annual fee, 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.
While the annual fee may be relatively high, 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 six months.
In terms of extras, you can benefit from the assistance of the NAB Concierge Service, advanced ticket sales with Visa Front Line access, and a full suite of 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 Rewards Platinum Credit Card is perfect for cardholders looking to earn points on the NAB Rewards Program while enjoying an array of extras, plus 0% p.a. on balance transfers for six months, and 60,000 bonus NAB Rewards Points.
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 No
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 $55,000
Fees & repayments
Annual fee $195 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
NAB Rewards
Bonus points 60,000 points
Annual points cap uncapped
Bonus points spend criteria Spend $1,000 within first 60 days
Earning points with this card
NAB Rewards points 1 point per $1 spent
Points cap per month N/A
Overseas earn rate 3 points per $1 spent
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
Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
Overview
NAB Rewards Platinum Credit Card
Key features
- Earn 60,000 bonus points when you spend $1,000 on everyday purchases within 60 days of account opening
- Earn 1 NAB Rewards Point for every $1 spent on everyday purchases
- Access to seven complimentary insurances including Overseas Travel Insurance when you make an eligible purchase.
- International Travel Insurance for trips of up to 90 days
- 0% p.a. on balance transfers for 6 months with a 2% balance transfer fee. BT reverts to cash advance rate.
- $195 annual fee
- 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
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.
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