NAB Qantas Rewards Premium Card

19.99% p.a.

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

$250

Qantas Frequent Flyer

NAB Qantas Rewards Premium Card

19.99% p.a.

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

$250

Qantas Frequent Flyer

Mozo Review   NAB Qantas Rewards Premium Card Review

Last updated: 18 June 2018.

What's hot:
  • Earn 30,000 bonus Qantas Points when you spend $2,500 on everyday purchases within 60 days of account opening (offer ends 17 June 2018)

  • 1 point per $1.50 spent, up to $3,000 spend per month

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 is a card to consider. Not only will you earn 1 point per $1.50 spent, but until 17 June 2018, you can also pick up 30,000 bonus Qantas Points when you spend $2,500 within 60 days of opening your account.

Key features:

The NAB Qantas Rewards Premium Card allows you to use tap n' go purchases under $100 or around the world wherever Visa is accepted. You'll earn 1 point per $1.50 spent, which is around 0.66 points per $1, on the first $3,000 spent per statement period, then 1 point per $3 on the next $3,000 you spend in the month.

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 6 months if you want to transfer some debt across from another card to save on interest, but a 2% balance transfer fee does apply. 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 the Visa Entertainment program 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.

Rewards program details

Rates and fees information correct as at 19 September 2018.

What your points get you

Fly Sydney to London

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash

-

Points earning

0.66 points per dollar on Visa, up to $3,000 per month, then
0.33 points per dollar on Visa, up to $6,000 per month

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.

Special offers

Receive 30,000 bonus Qantas Points when you spend $2,500 on everyday purchases within 60 days of account opening.

Value of rewards points

Spend $24,485 (Visa)

Spend $12,121 (Visa)

Spend $235,818 (Visa)

at $6,000 monthly

Never

How do we calculate the rewards?

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.

Close

Rate and fee details

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
  • $250.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $7.00

  • $2.50

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Google Pay, Samsung Pay, Garmin, Fitbit, PayTag

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Domestic Hotel Burglary Insurance

Customer Reviews

How are NAB credit cards rated by the Mozo community?

Overall customer rating
6.7/10

Based on 4123 NAB credit card reviews

Price
5.9/10
Features
6.0/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of NAB Qantas Rewards Premium Card

  • Overall
    10/10
    I find the site easy to use & haven't had problems

    I have been with them for a very long time without any problems that I can remember, just lately...

    I have been with them for a very long time without any problems that I can remember, just lately a young lady at my local branch setup credit cards & she seemed to go the extra mile for me explaining fees, benefits, features & how to use the card to maximise my advantages. She also answered all my questions about this product.

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Terry | Queensland

    reviewed over 2 years ago

  • Overall
    9/10
    Great service, good deal for shareholders

    NAB don't advertise this much but if you own 500 shares (about $15,000 worth), they give you...

    NAB don't advertise this much but if you own 500 shares (about $15,000 worth), they give you fee-free credit cards, discount off your home loan rate, fee-free bank accounts. So it goes from run-of-the-mill to very competitive.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Bernie | New South Wales

    reviewed over 2 years ago

  • Overall
    7/10
    Good rewards, service but somewhat untrustworthy

    I like this credit card from NAB due to its reward options that it offers, which helps me in...

    I like this credit card from NAB due to its reward options that it offers, which helps me in everyday shopping. The bad thing might be the trust, they might offer you a cheap interest rate and they might sneakily add 0.4 or some thing like that which is a bit deceiving, other than that they are alright.

    Price
    6/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    4/10

    Solomon | Queensland

    reviewed almost 3 years ago

  • Overall
    10/10
    Not wanting to change banks

    Happy with rewards and services.

    Happy with rewards and services.

    Price
    8/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Sharon | New South Wales

    reviewed almost 3 years ago

  • Overall
    5/10
    Friendly service

    They show personal interest in their customers.

    They show personal interest in their customers.

    Price
    5/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    5/10
    Trust
    5/10

    Stewart | Victoria

    reviewed almost 3 years ago

NAB

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.

See NAB credit cards