Qantas Rewards Premium Card

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Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$500,000
Minimum credit limit
Minimum credit limit
$6,000
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
$250
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
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$500,000
Minimum credit limit
Minimum credit limit
$6,000
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
$250
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
$65,000
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
$65,000
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
0.66 points for $1 spentVisaUp to $3,000 monthlyeligible everyday purchases
0.33 points for $1 spentVisaUp to $6,000 monthlyeligible everyday purchases

Perks

  • Concierge
  • Extended Warranty
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Free Travel Insurance DaysCover is available when purchased on a NAB card a minimum of $500 (inclusive of tax and other charges) of pre-booked transport costs and/or land content prior to commencement of the trip
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 21 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75.
  • Purchase Protection
  • Free Supplementary CardsSupplementary cardholder must be over 16 years of age

Features

The NAB Qantas Rewards Premium Card has a moderately high standard interest rate and annual fee, and a moderate interest-free period. It also has a moderate minimum credit limit.

This card comes with the ability to earn Qantas points for everyday spending, which can be redeemed for flights, upgrades and other rewards from the Qantas store. It also features a range of complimentary travel and purchase insurances.

For people looking to transfer debt from another credit card, the NAB Qantas Rewards Premium Card offers an introductory balance transfer interest rate for the first six months with no balance transfer fee.

Cardholders can make contactless payments using their smartphone by connecting the card with NAB Pay for Android or NAB PayTag for iPhone. Security-wise, NAB Defence also monitors transactions to offer protection against fraudulent activity.

Pros
  • Qantas rewards program
  • Complimentary insurance
  • Free additional cardholder
Cons
  • Moderately high interest rate
  • Moderately high annual fee
  • International spending fees

Who is it good for?

Existing Qantas Frequent Flyer members or those looking to join a frequent flyer program are likely to be attracted to this card’s rewards program. The range of complimentary travel insurances that come with the NAB Qantas Rewards Premium Card would also be beneficial to frequent travellers. However, it isn’t particularly suited to overseas spending due to international fees.

This card would also be good for couples or other people looking to share a credit card, as it allows one additional cardholder at no extra cost.

The interest rate and annual fee are moderately high, so it isn’t especially suitable for those who aren’t able to pay their balance entirely every month or those looking for a budget credit card.

While the introductory balance transfer deal may be an incentive for customers who want to pay off existing debt, there are other cards available that offer lower balance transfer deals.

What RateCity says

The NAB Qantas Rewards Premium Card offers good rewards-earning potential for people looking to collect frequent flyer miles for spending. However, rewards are limited to the Qantas Frequent Flyer program, and there are other cards available with more flexible rewards programs.

Similarly, the balance transfer deal and allowance for additional cardholders aren’t the most generous on the market.

With a moderately high interest rate and annual fee, there is a risk of incurring added debt quickly if you don’t pay your balance on time. As such, if you are looking for better value for money, you might be better off choosing a card with a lower interest rate and annual fee.

If you’re confident you can pay your monthly balance in full and would like to earn other rewards like cashback or merchandise, it may be worth shopping around to find a credit card with a more versatile rewards program.

Applying/eligibility

To be eligible for the NAB Qantas Rewards Premium Card, you must be at least 18 years of age and meet the bank’s serviceability criteria. To apply, you can fill in a form online at the bank’s website or visit a NAB branch in person if preferred. When applying, you will need to provide proof of identification, personal details and proof of reliable income, such as bank statements and payslips.

About NAB

National Australia Bank (NAB) was founded in 1982, and today employs 30,000 staff at more than 900 locations in Australia, New Zealand and around the world. With over 9 million customers, it is one of Australia’s big four banks, and provides customers with personal finance products like credit cards, bank accounts, personal loans and home loans. Customers can manage their banking products in-branch, via NAB’s online banking portal or through the NAB mobile app.

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