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.
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:
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.
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.
Rates and fees information correct as at 26 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.
239,200 points
15,600 points
20,410 points
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.
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.
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.
Spend $25,000 (Visa)
Spend $20,410 (Visa)
Spend $15,600 (Visa)
Spend $239,200 (Visa)
Uncapped
Never
|
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 |
|
$195.00 |
|
|
$45 in the first year |
|
|
none |
|
|
none |
|
|
$15.00 |
|
|
3%, Min $3 |
|
|
3.00% |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$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. |
Apple Pay, Google Wallet, Samsung Pay, Garmin, Fitbit
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Rental Vehicle Excess in Australia Insurance
Redeem NAB Rewards points via Webjet to book flights with any airline.
NAB is better bank than the other big major banks in Australia, they seem to have better customer service and product range. The security with them so far has been good and their online and mobile are sufficient to do most tasks and inquire about products or transactions. However compared to some other mobile apps and online tools such as CBA it can be improved.
Read full reviewNAB is better bank than the other big major banks in Australia, they seem to have better customer service and product range. The security with them so far has been good and their online and mobile are sufficient to do most tasks and inquire about products or transactions. However compared to some other mobile apps and online tools such as CBA it can be improved.
Rewards Platinum Visa Credit card has low interest and is also good for redeeming points.
Read full reviewRewards Platinum Visa Credit card has low interest and is also good for redeeming points.
The $95.00 fee each year shouldn't be charged. The merchants pay a fee and I pay interest on my monthly repayment
Read full reviewThe $95.00 fee each year shouldn't be charged. The merchants pay a fee and I pay interest on my monthly repayment
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.
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Velocity Escape Card
23.99% p.a.
No current offer
$0
Velocity Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
60,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 24 months and then 20.99% p.a.
$149 $0 in the first year
More Mastercard
19.99% p.a.
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
$100
