Want a straightforward rewards card with plenty of redemption options, plus the added benefit of no less than six complimentary insurances? The NAB Rewards Platinum card delivers all this, plus 60,000 bonus points on signup (conditions apply) and a 19.99% p.a. interest rate. They also have 0% p.a. balance transfer rate (2.00% balance transfer fee) for the first 6 months (and then 21.74% p.a.) if you're keen to transfer and clear some debts. There is also a $195 annual fee.
To start off, let’s cover the need-to-know basics: the NAB Rewards Platinum card comes with a 19.99% p.a. 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% p.a., 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 $1,000 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 six complimentary insurance covers on offer. These include:
So whether you’re spending at home or off on an overseas trip, this card has plenty of bonuses to tempt you.
Because it comes with extra protection for your spending and travel, this platinum plastic could be 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.
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.
Fly Sydney to London return
239,200 points
Fly Sydney to Melbourne one-way
15,600 points
$100 Giftcard
19,240 points
$100 Cash
40,000 points
1 point per dollar on Visa, uncapped
Points are automatically credited to the NAB Rewards Program.
Redeem points via Webjet to book any flight you want.
Receive 60,000 Bonus Points when you spend $1,000 on purchases in the first 60 days.
Spend $25,000 (Visa)
Spend $19,240 (Visa)
Spend $15,600 (Visa)
Spend $239,200 (Visa)
Uncapped
Never
How do we calculate these points?
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.
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
$195.00
none
none
none
$15.00
2%, Min $2.50
3.00%
$0.00
$0.00
$0.00
$25.00
2.0
1
none
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Transit Accident Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
Redeem NAB Rewards points via Webjet to book flights with any airline.
Bank offers no fee balance transfers from other banks - but not between own products . Simply pay excessive interest when rate <1% on term deposits.
Read full reviewBank offers no fee balance transfers from other banks - but not between own products . Simply pay excessive interest when rate <1% on term deposits.
Easy to deal with, interest rates are too high, able to use the card anywhere in the world
Read full reviewEasy to deal with, interest rates are too high, able to use the card anywhere in the world
I have always found NAB to be the most painful bank to deal with except Westpac. (Westpac once wanted to charge me $20 to shut my primary school savings account) I've been dealing with NAB for 20 or so years, and the main reason I stay with them is the amount of grief involved changing to another bank. The card works, it's easy to use, already set up, but NAB itself is extremely painful to deal with. When we ran a business it all went through Bendigo, now everything except the CC is done through Bankwest.
Read full reviewI have always found NAB to be the most painful bank to deal with except Westpac. (Westpac once wanted to charge me $20 to shut my primary school savings account) I've been dealing with NAB for 20 or so years, and the main reason I stay with them is the amount of grief involved changing to another bank. The card works, it's easy to use, already set up, but NAB itself is extremely painful to deal with. When we ran a business it all went through Bendigo, now everything except the CC is done through Bankwest.
They shift my accounts to more expensive options when ever they like. They have miscalculated fee's and charges, which eventually after hours wasted in messages they begrudgingly always pay back without apology. The day before Christmas they suspended my credit card because of "suspicious activity"! This activity was me paying my usual bills registered in my name which happen every month. Besides they let the transactions go through anyway, but still froze the account within hours of closing for Xmas. Messaged to ring them when they get back from their Xmas Holidays even though I am registered as Non-Speaking. My banking is setup that I do everything through my credit card incl my business costs, so my Xmas sucked and I continued to lose income way afterwards. Was told via their secure message service (my only way to communicate with them) they would unfreeze my account, but only if I "Ring" them, as they need to hear my voice to make sure it's actually me, which they never ever have heard, as I simply can't. Told that their secure message service isn't secure even though operating directly within my account login, plus the only way they ever have communicated with me! Told it's not their problem and if I want to be treated like a "normal" customer I need to be "normal" and be able to talk! And if I wanted to make a complaint I should "RING" the complaints dept as they will not respond anymore, even though my account is still frozen!! I went through the Ombudsman who awarded a $400 payment for my discomfort and told NAB they have to charge my regular $30PA account fee instead of the new $195PA fee as I didn't ask or want the new account service they forced on me. Afterwards I received a message from NAB's top Customer Service Manager confirming this. No apology of course, but he added clause that NAB would only release the awarded funds into my account if I "RING HIM"!! So never received the payment and my account is still frozen, they still continue to charge me annual fees and won't close my account unless... Yep you guessed it " I Ring them". My guess is they insist on quadriplegics to walk into their branches and ask blind people to be able read! As I have as much chance of ever "Ringing" them. Maybe if you are "normal" and not difficult like me because of my disability, they might treat you better. But their fee's and interest rates will still be higher than most banks anyway. So why would you?
Read full reviewThey shift my accounts to more expensive options when ever they like. They have miscalculated fee's and charges, which eventually after hours wasted in messages they begrudgingly always pay back without apology. The day before Christmas they suspended my credit card because of "suspicious activity"! This activity was me paying my usual bills registered in my name which happen every month. Besides they let the transactions go through anyway, but still froze the account within hours of closing for Xmas. Messaged to ring them when they get back from their Xmas Holidays even though I am registered as Non-Speaking. My banking is setup that I do everything through my credit card incl my business costs, so my Xmas sucked and I continued to lose income way afterwards. Was told via their secure message service (my only way to communicate with them) they would unfreeze my account, but only if I "Ring" them, as they need to hear my voice to make sure it's actually me, which they never ever have heard, as I simply can't. Told that their secure message service isn't secure even though operating directly within my account login, plus the only way they ever have communicated with me! Told it's not their problem and if I want to be treated like a "normal" customer I need to be "normal" and be able to talk! And if I wanted to make a complaint I should "RING" the complaints dept as they will not respond anymore, even though my account is still frozen!! I went through the Ombudsman who awarded a $400 payment for my discomfort and told NAB they have to charge my regular $30PA account fee instead of the new $195PA fee as I didn't ask or want the new account service they forced on me. Afterwards I received a message from NAB's top Customer Service Manager confirming this. No apology of course, but he added clause that NAB would only release the awarded funds into my account if I "RING HIM"!! So never received the payment and my account is still frozen, they still continue to charge me annual fees and won't close my account unless... Yep you guessed it " I Ring them". My guess is they insist on quadriplegics to walk into their branches and ask blind people to be able read! As I have as much chance of ever "Ringing" them. Maybe if you are "normal" and not difficult like me because of my disability, they might treat you better. But their fee's and interest rates will still be higher than most banks anyway. So why would you?
I have banked, borrowed and had a credit card with NAB for years and they have waived the annual fee for the credit card in the previous years for my loyalty, but this year they have decided not to. Loyalty doesn't seem to matter anymore.
Read full reviewI have banked, borrowed and had a credit card with NAB for years and they have waived the annual fee for the credit card in the previous years for my loyalty, but this year they have decided not to. Loyalty doesn't seem to matter anymore.
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
NAB
Low Fee Card
19.74% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$30
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
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
NAB
Low Fee Platinum Card
19.74% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$90
NAB
Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$395 $295 in the first year
NAB
Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$295
NAB
StraightUp Card
0% p.a.
No current offer
$240 $20/month - waived if no spend & no balance owing
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
MoneyMe
Freestyle Virtual Mastercard
16.99% p.a.
No current offer
$209 Annual fee may vary.
American Express
Explorer Credit Card
20.74% p.a.
No current offer
$395
Membership Rewards
Westpac
Altitude Platinum
Altitude Rewards
$150 $99 in the first year
80,000
1 point uncapped
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Bendigo Bank
Low Rate Credit Card
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
11.99% p.a.
$45
Bankwest
Breeze Mastercard
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
10.99% p.a.
$49 $0 in the first year
Westpac
Low Rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59 $0 in the first year
St.George
Amplify Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Amplify Rewards
NAB
Low Rate Card
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59
Bank of Melbourne
Amplify Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Signature
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$279
Amplify Rewards
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Westpac
Low Rate
13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
MoneyMe
Freestyle Virtual Mastercard
16.99% p.a.
No current offer
$209 Annual fee may vary.
