NAB Rewards Platinum Card

19.99% p.a.

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

$195

NAB Rewards

NAB Rewards Platinum Card

19.99% p.a.

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

$195

NAB Rewards

Mozo Review   NAB Rewards Platinum Card Review

Last updated: 30 August 2018.

What's hot:
  • 60,000 bonus points when you spend $2,500 on purchases in the first 60 days

  • Use rewards points to book flights with any airline

  • 0% balance transfer rate for first 6 months (2.00% balance transfer fee)

What's not:
  • $195 annual fee

Mozo snapshot:

Want a straightforward rewards card with plenty of redemption options, plus the added benefit of no less than seven complimentary insurances? The NAB Rewards Platinum card delivers all this, plus 60,000 bonus points on signup (conditions apply) and a 19.99% interest rate. They also have 0% balance transfer rate (2.00% balance transfer fee) for the first 6 months if you're keen to transfer and clear some debts. There is also a $195 annual fee.

Key features:

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.

Who it's good for:

Because it comes with extra protection for your spending and travel, this platinum plastic is suited to big spenders and jetsetters who will get plenty of value from the flexible rewards program year after year, in order to justify the annual fee.

Any catches?

For travellers or online shoppers, remember that while you’ll earn triple rewards points on overseas spending, you’ll also be paying a 3% foreign exchange margin that may cancel out some of that extra value.

Rewards program details

Rates and fees information correct as at 23 September 2018.

What your points get you

Fly Sydney to London

239,200 points

Fly Sydney to Melbourne

15,600 points

$100 Giftcard

19,230 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Visa, uncapped

Rewards scheme

Points are automatically credited to the NAB Rewards Program.

Redeem points via Webjet to book any flight you want.

Special offers

Receive 60,000 Bonus Points when you spend $2,500 on purchases in the first 60 days.

Value of rewards points

Spend $25,000 (Visa)

Spend $19,230 (Visa)

Spend $15,600 (Visa)

Spend $239,200 (Visa)

Uncapped

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
  • $195.00

  • 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

Other benefits

Redeem NAB Rewards points via Webjet to book flights with any airline.

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 review of NAB Rewards Platinum Card

  • Overall
    8/10
    Great service

    Always dealt with nab. Can't fault their service

    Always dealt with nab. Can't fault their service

    Price
    6/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Bruce | Queensland

    reviewed over 1 year 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