NAB Qantas Rewards Credit Card

My typical monthly spend: 
$5000
 
 
card features
balance transfer
purchase rate
annual fee
your earnings
NAB Qantas Rewards Credit Card
APPLY BY 11 oct 15
Rated by 1 person
0% p.a. on balance transfers and purchases for 15 months.
20,000 bonus Qantas Points when you make an everyday purchase.
Fast 60 second instant approval process.
15 months
0% p.a.
then 19.99%
19.99% p.a.
ongoing
$95
ongoing
 
over 12 mths (up to)
Application
60 second response
Pros & Cons
Our Review
User Reviews
Rates & Fees
Rewards & Points
Insurance
What You'll Need
Similar Cards

The Pros

0% p.a. on balance transfers and purchases for 15 months.
Free membership into the Qantas Frequent Flyer Program saving you $82.50.
Earn Qantas Points on eligible everyday purchases.
Bonus 20,000 points on first eligible spend.
Because there are two cards it gives you greater flexibility to earn points and avoid surcharges.
Complimentary purchase protection insurance.
Fast 60 second instant approval process.

The Cons

The point earn rate on the MasterCard is only 0.5 pt per $1 spent.
Qantas points are capped at $50,000 per month.
The interest rate on purchases is higher than the average but in line with rewards cards.
Expect to pay international transaction fees when spending overseas.

Our review of the NAB Qantas Rewards Credit Card

If you’re starting out your Qantas frequent flyer points life, don’t plan to spend like crazy and want to get free membership into Qantas Frequent Flyer Program then the NAB Qantas Rewards Credit Card could be for you.

Pros
You can become a member of the Qantas Frequent Flyer Program for free which will save you $82.50. You can earn points at an accelerated pace for a short period of time. You can get an additional cardholder for no extra cost. NAB are trying to be fair and are willing for you to dodge paying fees if you go over your credit limit.

The ‘two cards, one account’ setup is ideal in case you have a sizeable purchase to make when you can whip out the Amex card and get the better points rate. Another positive is that the minimum income requirement is set to any weekly income meaning that this credit card offer is not out of reach for low income earners and self-employed people.

Cons
There’s a trade off in that you get free membership to Qantas but you pay an annual fee. Also, the accelerated points earning ratio is restricted on two fronts: it ends in September after which is reverts to a lower rate and secondly the points earning potential is capped at $3,000 per month.

Conclusion
All in all, the NAB Qantas Rewards Credit Card is a good frequent flyer credit card best suited for first timers to Qantas as opposed to the seasoned frequent flyer points chaser.

How well does it rate with reviewers?

3.2
out of 5.0
based on 1 reviews
Rates and fees
Rewards
Customer service
Convenience
Trust
Overall, a good card
- Okay
Reviewer: Darross posted this review on 24 Oct 2013
Recommend this card: yes

I’ve had this card for years, just never bothered to change to another. It is convenient to use and I have 100% trust in the bank and their security. Whenever there has been a problem, particularly when travelling overseas, their response is immediate and they are always easy to deal with.

Accepted everywhere, great security
Yearly fee

Rates & Fees

Additional Card Fee
$0 p.a.
Additional Cardholders
1
Annual Fee
$95 p.a.
Balance Transfer Fee
0%
Balance Transfer Limit
90% of credit limit
Balance Transfer Period
15 months
Balance Transfer Rate
0% p.a.
Card Setup
Dual Card
Card Tier
Standard
Card Type
MasterCard & AmEx
Card Use
Personal
Cash Advance Fee
1.75%
Cash Advance Rate
21.74% p.a.
Dishonour Fee
$5
Duplicate Statement Fee
$7
Foreign Exchange Fee
3%
Gambling Transactions Allowed
No
Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Intro Purchase Period
None
Intro Purchase Rate
None
Late Payment Fee
$5
Maximum Credit Limit
Minimum Credit Limit
$500
Minimum Repayment
2.5%
Over Limit Fee
$0
Overseas ATM Balance Fee
$0
Overseas ATM Withdrawal Fee
$4
Overseas Emergency Card Replacement Fee
$0
Purchase Rate
19.99% p.a.
Transaction Verification Fee
$5

Rewards & Points

Airport Lounge Access
No
Complimentary Flight Voucher
No
First Purchase Bonus
20,000 points
Frequent Flyer Points (AmEx)
1 pt per $1 spent
Frequent Flyer Points (MC/VISA)
0.5 pt per $1 spent
Overseas Earn Rate (AmEx)
Overseas Earn Rate (MC/VISA)
Points Cap Per Month (AmEx)
50,000
Points Cap Per Month (MC/VISA)
Points Cap Per Year (AmEx)
600,000
Points Cap Per Year (MC/VISA)
Reward Points (AmEx)
1 pt per $1 spent
Reward Points (MC/VISA)
0.5 pt per $1 spent
Rewards Program
Qantas Frequent Flyer

Insurance

Extended Warranty Insurance
No
International Travel Insurance
No
Interstate Flight Inconvenience
No
Personal Item Theft Cover
No
Price Protection Insurance
No
Purchase Protection Insurance
Yes
Transport Accident Insurance
No
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product.

Minimum criteria for this card

Be over 18 years old
Earn a regular any weekly income
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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