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Rewards Classic Card

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
2.25 points for $1 spentVisauncappedPurchases on Webjet
1.5 points for $1 spentVisauncappedMajor department and hardware stores
0.75 points for $1 spentVisauncappedeligible everyday purchases
  • Free International Travel Insurance A qualifying purchase is required.
  • Free Supplementary Cards Supplementary cardholder must be over 16 years of age
  • Purchase Protection Use your rewards classic card to purchase the new item
  • Price Guarantee If 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.
  • Extended Warranty

Compare and review credit cards with similar features

Basic
Interest Free Days
Interest Free Days
44
Interest Free Days
55
Interest Free Days
55
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$30,000
Maximum credit limit
No set max
Maximum credit limit
No set max
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum credit limit
$500
Minimum credit limit
$1,000
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment dollars
$10
Minimum repayment dollars
$25
Minimum repayment dollars
$25
Minimum repayment percent
Minimum repayment percent
2
Minimum repayment percent
3
Minimum repayment percent
2
Minimum repayment percent
2
Number free supplementary
Number free supplementary
4
Number free supplementary
1
Number free supplementary
3
Number free supplementary
3
Annual Fee
Annual Fee
$49
Annual Fee
$45
Annual Fee
$58
Annual Fee
$30
Late Payment Fee
Late Payment Fee
$10
Late Payment Fee
$15
Late Payment Fee
$20
Late Payment Fee
$20
Over limit fee
Over limit fee
$40
Over limit fee
$0
Over limit fee
$20
Over limit fee
$20
Duplicate statement fee
Duplicate statement fee
$7
Duplicate statement fee
$0
Duplicate statement fee
$0
Duplicate statement fee
$0
Supplementary card annual fee
Supplementary card annual fee
$29
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Rates
Purchase Rate
Purchase Rate
11.99%
Purchase Rate
11.99%
Purchase Rate
12.49%
Purchase Rate
19.74%
Cash advance rate
Cash advance rate
21.69%
Cash advance rate
13.99%
Cash advance rate
21.74%
Cash advance rate
21.49%
Balance Transfer
Balance Transfer Rate
Balance Transfer Rate
0%
for 14 months then 21.69%
Balance Transfer Rate
Balance Transfer Rate
0%
for 15 months then 21.74%
Balance Transfer Rate
0%
for 18 months then 21.49%
Transfer Limit
Transfer Limit
80%
of the chosen credit limit
Transfer Limit
100%
of the chosen credit limit
Transfer Limit
95%
of the chosen credit limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Fee
$0
Balance Transfer Fee
$0
Balance Transfer Fee
$100
Overseas spending
Foreign Exchange Fee
Foreign Exchange Fee
3.3% on Visa
Foreign Exchange Fee
3% on Mastercard
Foreign Exchange Fee
3% on Visa
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Overseas charges
$5
Overseas charges
$6
Overseas charges
$6
Estimated ATM Cost
Estimated ATM Cost
$14.9
for AU $300 withdrawal
Estimated ATM Cost
Estimated ATM Cost
$15
for AU $300 withdrawal
Estimated ATM Cost
$15
for AU $300 withdrawal
Rewards
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Eligibility
Minimum income
Minimum income
$35,000
Minimum income
Minimum income
$15,000
Minimum income
$15,000
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Features

The NAB Rewards Classic Card is a rewards credit card offered by NAB. This credit card allows cardholders to earn rewards points for NAB’s own rewards program, NAB Rewards.

This credit card also has a moderately high interest rate on transactions - as can be expected with a rewards credit card - and an even higher interest rate on cash advances. However, NAB also offer a low interest balance transfer deal for the NAB Rewards Classic Card in the first six months.

Customers who choose this credit card can also expect to pay a moderate annual fee each year, while receiving a moderately low number of interest-free days.

Other features of the NAB Rewards Classic Card include complimentary purchase protection insurance - which covers new items for 90 days if lost, stolen or damaged -  and entertainment offers with Visa Entertainment. 

Pros
  • Earn rewards points
  • Complimentary insurance
  • Balance transfer offer
Cons
  • Moderately high interest rate
  • Moderate annual fee
  • Moderately low interest-free days

 

Who is it good for?

The ability to earn NAB Rewards points with this credit card makes it more suitable for current NAB customers, who may or may not already be NAB Rewards members. Other consumers should weigh up whether the NAB Rewards program is right for them, and whether it may compromise their ability to earn other rewards points.

The moderately high interest rate on this credit card makes it more suitable for customers who are already in the habit of paying off their credit cards in full each month. Combine the interest rate with the moderately low number of interest-free days, and interest could quickly stack up when using this card.

As with all rewards points credit cards, bigger spenders will see more value in this card, as you will earn more rewards points the more you spend.

What RateCity says

The NAB Rewards Classic Card allows customers to earn points for the NAB Rewards program, which can be redeemed for travel, merchandise, charity and more at the NAB Rewards Store. You can also earn more points when shopping with NAB’s official partners.

For customers who are not already banking with NAB, or already members of a different rewards program, the NAB Rewards Classic Card is simply another credit card with a moderate annual fee and a few extra bells and whistles. Current members of NAB Rewards, or those who simply want to keep all of their banking under the same umbrella, may find value in the rewards program on offer. The balance transfer offer could also be a good option, but only for those with modest credit card debt (as the offer is only for the first six months.)

Applying/eligibility

To be eligible for the NAB Rewards Classic Card you must be at least 18 years old and meet any other serviceable criteria. The online application should take about 15 minutes, and you can expect to receive a response within 60 seconds. Make sure to have recent bank statements and payslips on hand - you will need to provide a number of details regarding your employment, spending habits, assets and more.

About the lender

NAB trades under its official name, National Australia Bank, and was established in Australia in 1982. As one of the big four banks in Australia, NAB has branches and ATMs available across Australia, and provides 24/7 phone support for internet banking, concierge services and to report a lost or stolen card. Customers can also reach NAB for general enquiries during both standard and extended business hours. NAB currently serves more than 12 million customers.

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