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
19,230 points
$100 Cash
25,000 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 $19,230 (Visa)
Spend $15,600 (Visa)
Spend $239,200 (Visa)
Uncapped
Never
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.
NAB will stop your credit card usage without prior reference to you without any prior warning if their computer indicates a possible fraud- hopeless! Should you lodge a complaint they have an outfit named Resolve where all staff are instructed to get rid of it as fast as possible & they are only allowed one response letter before closing the case. They also refer you to anyone they may think of, if you're dissatisfied, without due thought regarding whether or not the referral could further assist. Additionally NAB will not necessarily advise the cardholder when any attempt is made of fraud on the card. Their attitude to complaints is let's get rid of this as fast as possible. They also, unbelievably offered me a payment to withdraw the complaint. While they have an advocate to refer to she is rarely used & holds no power for changes in dealings.
Read full reviewNAB will stop your credit card usage without prior reference to you without any prior warning if their computer indicates a possible fraud- hopeless! Should you lodge a complaint they have an outfit named Resolve where all staff are instructed to get rid of it as fast as possible & they are only allowed one response letter before closing the case. They also refer you to anyone they may think of, if you're dissatisfied, without due thought regarding whether or not the referral could further assist. Additionally NAB will not necessarily advise the cardholder when any attempt is made of fraud on the card. Their attitude to complaints is let's get rid of this as fast as possible. They also, unbelievably offered me a payment to withdraw the complaint. While they have an advocate to refer to she is rarely used & holds no power for changes in dealings.
I am impressed with the product itself, but especially the strong support from NAB if there are issues. Ready with advice and solutions every time. There is an actual person you can speak to over the phone 24/7 and many issues can be resolved online. They are on the lookout for anything fraudulent and quickly follow up. I must admit I have been pleasantly surprised with the quality of this product.
Read full reviewI am impressed with the product itself, but especially the strong support from NAB if there are issues. Ready with advice and solutions every time. There is an actual person you can speak to over the phone 24/7 and many issues can be resolved online. They are on the lookout for anything fraudulent and quickly follow up. I must admit I have been pleasantly surprised with the quality of this product.
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.
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 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
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
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
PayPal
Rewards Card
20.99% p.a.
0% p.a. for 20 months and then 20.99% p.a.
$0
PayPal Rewards
Great Southern Bank
Platinum Credit Card
19.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$149 $0 in the first year
Great Southen Bank Platinum Rewards
St.George
Vertigo
13.99% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
Kogan Money
Black Card
Kogan Rewards Points
$0
No current offer
1 point 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 Platinum Card
Velocity Frequent Flyer
$375
120,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $149 in the first year
60,000
0.5 points uncapped
Great Southern Bank
Low Rate Credit Card
0% p.a. for 25 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
PayPal
Rewards Card
0% p.a. for 20 months and then 20.99% p.a.
20.99% p.a.
$0
PayPal Rewards
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 11.99% p.a.
$45
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
Great Southern Bank
Platinum Credit Card
0% p.a. for 25 months and then 21.74% p.a.
19.99% p.a.
$149 $0 in the first year
Great Southen Bank Platinum Rewards
NAB
Low Rate Card
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
humm90
Mastercard
0% p.a. for 36 months and then 25.99% p.a. (0% balance transfer fee)
23.99% p.a.
$99
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Great Southern Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
St.George
Vertigo
13.99% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% 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
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
2.99% p.a. for 15 months and then 21.49% p.a.
$0
