NAB Qantas Rewards Premium Card

  • NAB
  • 0% for 12 months then 19.99%

  • 0% for 12 months

  • $250

  • 44

NAB Qantas Rewards Premium Card Review

Review updated: 19 January 2015
Review published: 22 August 2014

What's hot:

  • Bronze Medal Winner in Mozo's Experts Choice Awards 2014
  • 20,000 bonus Qantas Points
  • 0% p.a on purchases and balance transfers for 12 months

What's not:

  • $250 annual fee

Mozo snapshot:

If you're after a rewards card where you can earn direct Qantas points, the NAB Qantas Rewards Premium Card just picked up a Bronze medal in Mozo's Experts Choice Rewards Credit Cards Awards for top value. Apply now and you'll be off redeeming rewards fast with the 20,000 Qantas points bonus offer after your first purchase.

Key features:

The NAB Qantas Rewards Premium Card is two cards on the one account. An American Express card for maximum points earning and a Visa card which you can use for tap n' go purchases under $100 or around the world wherever Visa is accepted. The Amex card has a higher earning rate at 1.5 points per dollar spent, the Visa earning rate is 0.5 points per dollar. There is a 100,000 point cap per month on the account but this shouldn't be a problem for most people.

Points are directly redeemed via Qantas Frequent Flyer for a range of rewards including flights, accommodation, and even shopping at the newly launched Qantas online shopping mall. If you are not already a member of the Qantas Frequent Flyer program you'll get complimentary membership, a saving of $89.50.

The Qantas Rewards Premium Card has a standard 19.99% purchase interest rate but you can get up to 44 interest free days. There is a 0% balance transfer offer for 12 months if you want to transfer some debt across from another card to save on interest. If you use your card internationally, either in person or online, there is a 3% foreign exchange margin on all transactions.

There is a steep $250 annual card fee so you'll want to make sure you are getting value from all of the added extras. Good news is there are plenty of them including seven complimentary insurances such as overseas travel, price protection, purchase protection and extended warranty. You'll also have access to NAB's Platinum concierge service 24/7 as well as both Visa Entertainment and Amex Connect programs giving you special access and discounts to a range of events and activities.



Who it's good for:

Rewards seekers that want to earn direct points with Qantas.

Any catches?

Just be sure you are using up all of the card's features so that you can get value from that $250 annual card fee.

How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
NAB credit card 7.2 Based on 585
NAB credit card reviews
6.2 6.2 7.3 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Qantas Rewards Premium Card

  • Good old fashioned service

    1. Overall customer rating
    2. (Reviewed 4 days ago)

    I love my local NAB branch. They have not changed to the ticketing system for services like many banks and I love the old fashioned service that I receive. Nothing is too much trouble for the tellers, they know my name and are a pleasure to deal w...  Full review 

    I love my local NAB branch. They have not changed to the ticketing system for services like many banks and I love the old fashioned service that I receive. Nothing is too much trouble for the tellers, they know my name and are a pleasure to deal with and they know their job.


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    NAB credit card review by Lynette from South Australia

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  • Outstanding service.

    1. Overall customer rating
    2. (Reviewed 4 days ago)

    I love NAB, internet banking is easy, customer service both in branch and on the phone is polite and efficient, and our mortgage rate it competitive! Our financial planner (also NAB) has our best interests at heart and has provided outstanding ...  Full review 

    I love NAB, internet banking is easy, customer service both in branch and on the phone is polite and efficient, and our mortgage rate it competitive! Our financial planner (also NAB) has our best interests at heart and has provided outstanding advice that benefits our financial position.


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    NAB credit card review by Thomas from South Australia

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  • Great Customer Service and Deals

    1. Overall customer rating
    2. (Reviewed 6 days ago)

    NAB. They really care of their customers. They are willing to sacrifice some profit to increase their business. We have been taken advantage of by the banks for years. NAB is restoring some balance to the equation.  Full review 

    NAB. They really care of their customers. They are willing to sacrifice some profit to increase their business. We have been taken advantage of by the banks for years. NAB is restoring some balance to the equation.


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    NAB credit card review by Doug from Western Australia

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  • Efficent, friendly service and support

    1. Overall customer rating
    2. (Reviewed 8 days ago)

    My local NAB branch is in a major shopping centre nearby which I find convenient. I have a personal banker I can make an appointment to see at any time and she is always efficient and friendly. I have done most of my banking online with NAB for ...  Full review 

    My local NAB branch is in a major shopping centre nearby which I find convenient. I have a personal banker I can make an appointment to see at any time and she is always efficient and friendly. I have done most of my banking online with NAB for years and I have had no problem ever with security or lost funds. Very happy with NAB.


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    NAB credit card review by Gloria from Queensland

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  • There are a lot better cards available than this.

    1. Overall customer rating
    2. (Reviewed about 1 month ago)

    Overpriced and their points system is poor, there are a lot better cards available.  Full review 

    Overpriced and their points system is poor, there are a lot better cards available.


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    NAB credit card review by Jeff from Western Australia

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Rewards scheme

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer.
  • Bonus points on selected Qantas products and services, including eligible Qantas flights.

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Apply by 19 April 2015 and make a purchase to receive 20,000 bonus Qantas Points.

Value of rewards points

  • Example reward
  • You'd need to spend
  •  
  • Visa
  • Amex
  • $100 gift card
  • $30,200
  • $10,067
  • Flight: Sydney-Melbourne
  • $16,000
  • $5,333
  • Flight: Sydney-London
  • $256,000
  • $85,333
  • Points are capped?
  • at $100,000 monthly
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $100,000 per month
  • $100 gift card 15100 points buys a Myer $100 Gift Card
  • Flight: Sydney-Melbourne 8000 points buys a Qantas Syd-Mel flight
  • Flight: Sydney-London 128000 points buys a Qantas London flight

*how did we do it? find out...

Rates

Purchase rate
19.99%
Intro purchase rate
0% for 12 months
Balance transfer rate
0% for 12 months
Balance transfer revert to cash
no
Cash advance rate
21.74%
Interest free days
44

Fees

Annual card fee
$250.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
none
Late payment fee
$5.00
Cash advance fee
1.75%, Min $1.75
Foreign exchange margin
3.00%
Duplicate statement fee
$7.00
Transaction verification fee
$5.00
Additional card fee
$0.00

Other financial bits

Minimum repayment amount
$25.00
Minimum repayment percent
2.0

Features

Additional cardholders
1
Other restrictions
none
Other benefits
none

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

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