To start off, let’s cover the need-to-know basics: the NAB Rewards Platinum card comes with a 19.99% interest rate and a $195 annual fee, making it pretty affordable as far as premium rewards cards go. The cash advance rate is a little higher at 21.74%, and you’ll also pay fees for hitting the ATM as well as a foreign exchange margin.
Ok, with that out of the way, here’s what you really want to know about: the rewards. Like the NAB Rewards Classic Card, the flexible rewards program is the star of this plastic.
Points are uncapped and don’t expire, and you’ll earn 1 point for every $1 on regular spends. Not good enough? You can also pick up double points at major department and hardware stores or triple points when you spend through Webjet, or on overseas purchases. And don’t forget you can snag 60,000 bonus points when you spend $2,500 on purchases in the first 60 days of having the card.
As for redemption options, there’s plenty of variety on offer, from gift cards and retail products, through to charitable donations and flights on any airline through Webjet.
What sets this card apart from its non-platinum counterpart is the seven complimentary insurance covers on offer. These include:
- Overseas travel insurance
- Interstate flight insurance
- Domestic hotel burglary insurance
- Transport accident insurance
- Extended warranty
- Purchase protection
- Price protection
So whether you’re spending at home or off on an overseas trip, this card has plenty of bonuses to tempt you.