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NAB Qantas Rewards Premium Card

Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
Annual fees
$250
Interest free days on purchases
44
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Mozo editorial review NAB Qantas Rewards Premium Card

Last updated: 18 June 2018.

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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.

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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

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Who is it good for

Rewards seekers that want to earn direct points with Qantas.

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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 3 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

18,010 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 $27,288 (Visa)

Spend $12,121 (Visa)

Spend $221,273 (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%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

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 4247 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
    NAB - The best bank in Australia.

    I have been with NAB for over 30 years and never experienced any problems. I have never paid any fees, only minimum interest while we had the mortgage. I wish every bank was like NAB.

    Read full review

    I have been with NAB for over 30 years and never experienced any problems. I have never paid any fees, only minimum interest while we had the mortgage. I wish every bank was like NAB.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Tony, New South Wales reviewed about 1 month ago
  • Overall 8/10
    Can do better.

    Been with NAB and Qantas a long time so have stayed with them but need to push for better deals regularly.

    Read full review

    Been with NAB and Qantas a long time so have stayed with them but need to push for better deals regularly.

    Price
    6/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    10/10
    Less
    Murray, Western Australia reviewed about 1 month ago
  • Overall 10/10
    Earns good Qantas points.

    So easy to use.

    Read full review

    So easy to use.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ka, New South Wales reviewed about 1 month ago
  • Overall 6/10
    Could be better interest rate

    NAB cancelled Amex half way through the year and Visa card doesn’t earn as many points as Amex did.

    Read full review

    NAB cancelled Amex half way through the year and Visa card doesn’t earn as many points as Amex did.

    Price
    5/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Annelise, New South Wales reviewed 4 months ago
  • Overall 10/10
    Never had a problem.

    Been with NAB for ever and will continue in the future.

    Read full review

    Been with NAB for ever and will continue in the future.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ralph, Victoria reviewed 4 months 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.

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