NAB Qantas Rewards Card

19.99% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$95

NAB Qantas Rewards Card Review

Rates and fees information correct as at 22 June 2018.

Review published: 11 September 2017

What's hot:

  • 0.5 points per $1 on Visa up to $3,000 per month

  • 2017 Mozo Experts Choice winner

What's not:

  • Points capped at $3,000 per month

Mozo snapshot:

After a 2017 Mozo Experts Choice award winning rewards credit card to help you bag free travel, but not fussed about the bells and whistles? Look no further than the NAB Qantas Rewards Card. Your points earn of 0.5 points per $1 will be funnelled straight into your Qantas Frequent Flyer account. Just keep in mind points are capped at $3,000 per month, and there is a $95 annual fee to consider.

Key features:

The NAB Qantas Rewards Card is a no-frills option for rewards points lovers who prefer to fly Qantas. With a 19.99% purchase rate, 21.74% cash advance rate, 44 interest free days and $95 annual fee, it’s pretty much on par with other rewards cards.

As for points, you’ll earn 0.5 points per $1 spent. One thing to keep in mind is that your points earn is capped at $3,000 per month - so spread out big spends in order to stay under the cap.

Points never expire and are credited straight to your Qantas Frequent Flyer membership, which comes free with the card, saving you $89.50 if you aren't already a member. You can cash in you hard-earned rewards points for freebies like flights, hotel accommodation, retail purchases through the Qantas store, or special offers through Visa Entertainment and Amex Connect.

If you're looking to blast debt away, there's a 0% balance transfer period for the first 6 months (2% balance transfer fee applies). But remember, after that, any leftover balance will be charged interest at the higher cash advance rate.

Plus, you can set your mind at ease, knowing that your NAB Qantas Rewards Card comes with complimentary purchase protection, as well as fraud protection and online security through Verified by Visa.

Who it's good for:

The NAB Qantas Rewards card is a good pick for spenders who want to use their points to travel on the cheap.

Any catches?

If you’re a big spender, keep in mind the $3,000 per month points cap. It’s also worth noting the 21.74% cash advance rate - which isn’t unusual for a rewards card, but could cost you a bundle all the same. So stay away from the ATM with this card in hand!


How are NAB credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 1409
NAB credit cards reviews

6.3 6.4 7.2 7.6 7.4

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Qantas Rewards Card

NAB

NAB Qantas Rewards Card credit card review

Overall rating   4 / 10

Pushing customers out the door to use ATMs

NAB seem to be pushing customers out the door to use ATMs. I imagine this is more cost effective for them but I worry that NAB staff will lose their jobs and that small rural branches will close down.

Full review

NAB seem to be pushing customers out the door to use ATMs. I imagine this is more cost effective for them but I worry that NAB staff will lose their jobs and that small rural branches will close down.

    Price   6 / 10

    Features   6 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   2 / 10

Less

Nelly (NSW), reviewed 4 months ago

NAB

NAB Qantas Rewards Card credit card review

Overall rating   3 / 10

Not very competitive

I am confident that my money with NAB is secure but there is nothing special or advantageous about banking with them. I just haven't had the time to research it further as I'm sure that I could get a better rates elsewhere. You need to "shop around"

Full review

I am confident that my money with NAB is secure but there is nothing special or advantageous about banking with them. I just haven't had the time to research it further as I'm sure that I could get a better rates elsewhere. You need to "shop around"

    Price   2 / 10

    Features   2 / 10

    Customer service   2 / 10

    Convenience   6 / 10

    Trust   4 / 10

Less

Elizabeth (TAS), reviewed 5 months ago

NAB

NAB Qantas Rewards Card credit card review

Overall rating   4 / 10

High annual fees on credit cards

NAB staff can be friendly, but I'm unhappy with their credit card annual fees.

Full review

NAB staff can be friendly, but I'm unhappy with their credit card annual fees.

    Price   4 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Bahareh (VIC), reviewed over 1 year ago

NAB

NAB Qantas Rewards Card credit card review

Overall rating   9 / 10

Easy to deal with, knowledgeable and helpful.

I have banked with it for years and it has been responsive, helpful (particularly if you are outside Australia) and very clear about what you can do with your finances.

Full review

I have banked with it for years and it has been responsive, helpful (particularly if you are outside Australia) and very clear about what you can do with your finances.

    Price   5 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Jocalyn (NSW), reviewed about 2 years ago

NAB

NAB Qantas Rewards Card credit card review

Overall rating   4 / 10

High foreign transaction fees

I liked this bank and this card in particular because we could use it overseas without incurring many fees. They then introduced a 3% foreign transaction fee on all of my accounts. Because of this I closed my credit account and will be closing the...

Full review

I liked this bank and this card in particular because we could use it overseas without incurring many fees. They then introduced a 3% foreign transaction fee on all of my accounts. Because of this I closed my credit account and will be closing the savings accounts too.

    Price   6 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Hayley (NT), reviewed about 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

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

  • Purchase Protection

Value of rewards points

  • Need to spend $32,320 (Visa)

  • Need to spend $16,000 (Visa)

  • Need to spend $240,000 (Visa)

  • at $3,000 monthly

  • Never

Details behind our 'value of rewards' calculations

  • 0.5 points per dollar on Visa, up to $3,000 per month

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.99% p.a.

  • none

  • 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 44

Fees

  • $95.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.00

  • $2.50

  • $0.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 1

  • none

  • 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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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