Rewards Platinum Card card image
Mini meca 2023

NAB Rewards Platinum Card

Advertiser disclosure
Purchase rate
20.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.74% p.a. (3.00% balance transfer fee)
Annual fees
$195 $45 in the first year
Interest free days on purchases
44

Mozo editorial review NAB Rewards Platinum Card - last updated: 18 April 2024

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What's hot
  • Earn up to 100,000 bonus points
  • 0% p.a. balance transfer rate for first 12 months (3.00% 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 six complimentary insurances? The NAB Rewards Platinum card delivers all this, plus up to 100,000 bonus points on signup (conditions apply) and a 20.99% p.a. variable interest rate. They also have 0% p.a. balance transfer rate (3.00% balance transfer fee) for the first 12 months (and then 21.74% p.a.) if you're keen to transfer and clear some debts. There is also a $195 annual fee.

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Key features

To start off, let’s cover the need-to-know basics: the NAB Rewards Platinum card comes with a 20.99% p.a. variable interest rate and a $195 annual fee ($45 in the first year), making it pretty affordable as far as premium rewards cards go. The cash advance rate is a little higher at 21.74% p.a. (variable), 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 flexible rewards program that 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. You can also pick up double points on online purchases at Webjet. And get 1.5x points at eligible grocery stores.

And don’t forget you can snag up to 100,000 bonus points (80,000 when $1,000 is spent within 60 days and then 20,000 points after 12 months).

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:

  • Interstate flight insurance
  • Domestic hotel burglary insurance
  • Transport accident insurance
  • Extended warranty
  • Purchase protection
  • Price protection

Not to mention there is COVID-19 medical cover available under selected benefits for their travel insurance policy, but T&Cs apply so be sure to read the product disclosure statement.

So whether you’re spending at home or off on an overseas trip, this card has plenty of bonuses to tempt you.

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Who is it good for

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.

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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 21 April 2024. 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

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

20,410 points

$100 Cash

25,000 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.

Up to 2 points per dollar on Webjet purchases via NAB Rewards Store or on Webjet website. Up to 1.5 points per dollar at eligible grocery stores.

Special offers

Receive up to 100,000 Bonus Points. Get 80,000 Points when you spend $1,000 on purchases in the first 60 days and 20,000 Points after the first 12 months.

Value of rewards points

Spend $25,000 (Visa)

Spend $20,410 (Visa)

Spend $15,600 (Visa)

Spend $239,200 (Visa)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

20.99% p.a.

none

0% p.a. for 12 months and then 21.74% p.a. (3.00% balance transfer fee)

yes

21.74% p.a.

44

Fees

$195.00

$45 in the first year

none

none

$15.00

3%, Min $3

3.00%

$0.00

$0.00

$0.00

Features

$25.00

2.0

1

From 30 June, 2022, some COVID-19 travel insurance cover may be available under selected benefits of the International Travel Insurance section.

Payment options

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

Rewards privileges

Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia 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
Price
Features
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Based on 4344 NAB credit card reviews

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