Qantas Rewards Card

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Basic

Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$500,000
Minimum credit limit
Minimum credit limit
$500
Minimum repayment dollars
Minimum repayment dollars
$25
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
1
Annual Fee
Annual Fee
$95
Late Payment Fee
Late Payment Fee
$15
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$7
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$500,000
Minimum credit limit
Minimum credit limit
$500
Minimum repayment dollars
Minimum repayment dollars
$25
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
1
Annual Fee
Annual Fee
$95
Late Payment Fee
Late Payment Fee
$15
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$7
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.74%
Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.74%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%for 6 months then 21.74%
Transfer Limit
Transfer Limit
90%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$100
Balance Transfer Rate
Balance Transfer Rate
0%for 6 months then 21.74%
Transfer Limit
Transfer Limit
90%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$100

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14for AU $300 withdrawal

Rewards

Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
0.5 points for $1 spentVisaUp to $3,000 monthlyeligible everyday purchases

Perks

  • Concierge
  • Purchase ProtectionIf you use your NAB Qantas Rewards Card to pay for a new personal retail item in full
  • Free Supplementary CardsSupplementary cardholder must be over 16 years of age

Features

NAB Qantas Rewards Card comes with a number of perks and rewards, its main draw being the Qantas Frequent Flyer points earned on each dollar spent. You can also add an additional cardholder for no extra cost, doubling your ability to earn air miles.

As one would expect with a rewards credit card, the purchase interest rate on the NAB Qantas Rewards Card falls into the moderately high category, and the interest on cash advances is at the typical high rate. NAB are offering a six-month balance transfer deal with this credit card, with a very low interest rate for the first six months.

Cardholders can also enjoy complimentary purchase protection insurance, which covers you for personal items that are lost, stolen or damaged within 90 days of original purchase. Entertainment is also covered with special offers, tickets and events via Visa Entertainment. 

Pros
  • Earn frequent flyer points
  • Free purchase protection insurance
  • Free additional cardholder
Cons
  • Moderately high interest rate
  • Moderate annual fee
  • Moderately low interest-free days

Who is it good for?

The NAB Qantas Rewards Card could be a good option for Qantas Frequent Flyers, or those looking to join the program. If you are not already a member, this credit card includes a free membership. Current NAB customers in this situation can also enjoy keeping another financial product under the NAB umbrella, which generally makes payments and transactions run more smoothly.

The free additional cardholder could also make this credit card a good option for couples, especially if you both want to earn Qantas points on your transactions.

Like all rewards credit cards, the more you spend, the more points you earn. This makes the NAB Qantas Rewards Card more suitable for everyday, rather than occasional, credit card users. If you are already in the habit of putting your everyday expenses on a credit card, this could be a great way to earn points on money you are already spending.

What RateCity says

The NAB Qantas Rewards Card is one of many frequent flyer credit cards on the market. With the expected high interest rates and moderate annual fees, cardholders have plenty of opportunities to earn frequent flyer points, but this could come at a cost.

The number of points earned per dollar spent on the NAB Qantas Rewards Card is not as competitive as other frequent flyer credit cards, even some with low – or no – annual fees.

The low minimum credit limit makes this credit card accessible to more Australians, but cardholders who use it irregularly or conservatively are unlikely to see much of a return on frequent flyer points.

New customers can also take advantage of the balance transfer offer with a very low interest rate – just make sure you can pay it all off within six months. After this time, the same high interest rate on cash advances applies to the remaining balance.

Applying/eligibility

To apply for the NAB Qantas Rewards Card you must be aged at least 18 years old and meet any other serviceability criteria. You can start the application process online, and will need to provide information on yourself, your income and spending habits. It’s always a good idea to have identification, proof of income and a recent bank statement at hand too. The online application process should only take about 15 minutes.

About the lender

NAB, formally known as National Australia Bank, is one of the big four banks in Australia. With operations available in Australia, New Zealand and Asia, NAB serves over 12 million customers worldwide. One of the more recently-established banks in Australia, NAB was founded in 1982. Currently headquartered in Melbourne, NAB has more than 1,500 branches across Australia, as well as more than 4,000 ATMs for customers in need of access to cash or customer service.

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