NAB Qantas Rewards Card

My typical monthly spend: 
$5000
 
 
card features
balance transfer
purchase rate
annual fee
your earnings
NAB Qantas Rewards Card
APPLY BY 30 apr 16
Rated by 1 person
30,000 bonus Qantas Points when you spend $1,500 on everyday purchases within the first 90 days.
Earn Qantas Points on eligible everyday purchases.
Fast 60 second instant approval process.
Add to comparison
6 months
4.99% p.a.
then 19.99%
19.99% p.a.
ongoing
$95
ongoing
 
over 12 mths (up to)
Application
60 second response

Pros & cons

What's good?

What's not so good?

30,000 bonus Qantas Points when you spend $1,500 on everyday purchases within the first 90 days.
Earn Qantas Points on eligible everyday purchases.
Free membership into the Qantas Frequent Flyer Program saving you $82.50.
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 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.

Review

Our review of the NAB Qantas Rewards 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.

User reviews

How well does it rate with cardholders?

3.2
out of 5.0
based on 1 reviews
Rates and fees
Rewards
Customer service
Convenience
Trust
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Overall, a good card

Cardholder: 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

Basic details

About this card

Card setup
Dual Card
Card tier
Standard
Card type
MasterCard & AmEx
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Pensioners
N/A
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
1
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$55,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2.5%

Balance transfer

The offer

Interest ratePeriodFeeLimitRevert Rate
Balance transfers4.99% p.a.6 months0%90% of credit limit19.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the NAB Qantas Rewards Card at the promotional balance transfer rate from:

  • NAB

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert Rate
Balance transfers4.99% p.a.6 months0%90% of credit limit 19.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.81% 21.74% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$95 p.a.
Cash advance fee
1.75%
Dishonour fee
$5
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$5
Over limit fee
$0
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$0
Transaction verification fee
$5

Rewards

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
30,000 points
Rewards program
Qantas Frequent Flyer
Reward points expiry
Never as long as you keep your account active
Spend required for bonus points
$1,500 in 3 months

Earning points with this card

Frequent flyer points (AmEx)
1 pt per $1 spent
Frequent flyer points (MC/VISA)
0.5 pt per $1 spent
Overseas earn rate (AmEx)
Same as standard earn rate
Overseas earn rate (MC/VISA)
Same as standard earn rate
Points cap per month (AmEx)
50,000
Points cap per month (MC/VISA)
N/A
Points cap per year (AmEx)
600,000
Points cap per year (MC/VISA)
N/A

Additional benefits

Airport lounge access
No
Complimentary flight voucher
Yes
Concierge service
No

Benefits

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

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular any weekly income
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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