NAB Qantas Rewards Card

My monthly spend: 
$5,000
 
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card features
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NAB Qantas Rewards Card
APPLY BY 02 oct 16
9 reviews
0% p.a. on purchases and 0% p.a. on balance transfers for 15 months.
10,000 points when you make an everyday purchase within the first 90 days.
Fast 60 second instant approval process.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent capped
10,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

0% p.a. on purchases and 0% p.a. on balance transfers for 15 months.
Earn Qantas Points on eligible everyday purchases.
10,000 points when you make an everyday purchase within the first 90 days.
Free membership into the Qantas Frequent Flyer Program saving you $89.50.
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.
Points are capped at 20,000 spend per statement.
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

Does the idea of earning Qantas Frequent Flyer points appeal, but you’re not sure where to start? The slow way is to earn points directly from Qantas on the flights you purchase. The fast way, and much smarter way, is to have a credit card which earns QFF points on your everyday spending without charging the earth in annual fees a card like the NAB Qantas Rewards Card. It allows you to discover the benefits of Qantas points kicking off your points account with a great first purchase bonus without making you pay for extra benefits you may never use.

Earn Qantas points on eligible everyday purchases

You don’t need to change your spending pattern, or spend more than you normally would, in order to earn Qantas points. On all your regular purchases at supermarkets, petrol stations, department stores and other retailers (including online purchases) you will earn points. You can even earn points for paying medical expenses and other services with your card, and for online payment of utility bills.

The only exclusions are items which are not really purchases. They include things like cash advances, and account fees and interest charges. Over-the-counter bill payments and gambling transactions are also excluded.

Very reasonable points earning rate

Since this is two cards in one (an AmEx/MasterCard duo so that you can maximise both points earning and card acceptance) there are two different points earning rates:

  • On the AmEx card: 1 pt per $1 spent
  • On the MasterCard: 0.5 pt per $1 spent

While this is not as good a rate as that offered by some more expensive cards, it is still more than acceptable given the card’s moderate annual fee. It’s a good way to explore the benefits of Qantas points before moving on to a card with a faster earning rate, such as the NAB Qantas Rewards Premium Card or the ANZ Frequent Flyer Black Credit Card, which inevitably come with a higher price tag.

Extra points for buying Qantas products

Here’s some very good news. Since you’re obviously going to be a Qantas Frequent Flyer member if you hold this card, you’ll probably choose to fly Qantas or Jetstar because you’ll earn QFF points from Qantas when you purchase flights (and other Qantas products like Qantas Insurance). But you can add an extra point per dollar for every time you use the card to spend directly with Qantas for flights, upgrades, Qantas Club membership and purchases from 'Qantas Travel’ customer shopfronts.

This means that you’ll earn points three times over:

The regular 1 pt per $1 spent or 0.5 pt per $1 spent from NAB for using your NAB Qantas Rewards Card, PLUS
The bonus point from NAB for using your card to pay Qantas, PLUS
The points from Qantas itself for purchasing Qantas or Jetstar products

Note that Item 2 (above), the bonus point from NAB, is not payable for Qantas Holidays or Jetstar flights.

Points cap unlikely to be a problem

There’s a points cap, but it won’t trouble you. After the first 20,000 you spend on the card each month, you’ll earn no more points for that month.

Anyone putting $600,000 per year through their credit card is not going to be worried about collecting frequent flyer points. The cap is just there in case you decide it would be a good idea to put a really huge purchase (like a secondhand Maserati) through your card, in the hope of making a big points win.

Why bother, when you can make a points coup just by spending normally in the first three months? Read on to find out how.

10,000 points first purchase bonus points

When you make just one purchase of any amount in the first 90 days, you’ll reap the rewards with 10,000 points points to kickstart your QFF points balance, or give it a serious boost if you’re already a seasoned collector.

Not joined Qantas Frequent Flyer yet? NAB will pay your fee.

NAB don’t want the thought of the $89.50 Qantas Frequent Flyer joining fee to deter you from choosing this card. So they will pay your joining fee if you’re not already a QFF member.

Ways to spend your Qantas points on flights

The smartest way to use your Qantas points is for Qantas and Jetstar flights and upgrades. You’ll get the best return per dollar spent if you use them in this way.

For example, a one-way economy flight between Sydney and Melbourne requires 8,000 points plus $34 in charges on Qantas, or 6,400 points plus $30 in charges on Jetstar. The lowest cost for a typical Sydney to Melbourne flight is at least $160 on Qantas and at least $120 on Jetstar. That equates to a return of 1.6 cents per point on the Qantas fare and about 1.4 cents per point on the Jetstar fare.

Generally speaking, the longer the flight the better the rate of return, so spending points on long-haul flights is more cost-effective. With that in mind, remember that you can use QFF points to book flights on Qantas partner airlines in the Oneworld alliance, including major players like British Airways, American Airlines, Japan Airlines and Cathay Pacific.

Other ways to spend your Qantas points

Just in case you prefer to use your points in other ways, Qantas gives you plenty of options. You can:

  • Shop for merchandise at the Qantas online store, starting at 3,200 points for a Lonely Planet guidebook
  • Get a $100 Budget or Avis car hire voucher for 18,370 points
  • Swap points for a voucher to use against accommodation at major hotel chains in Australia, New Zealand and Fiji, typically 16,530 points for a $100 voucher
  • Make a donation to a range of charities, starting at 2,900 points for a $25 donation
  • Exchange points for a gift card to use at major Australian retailers, starting at 4,040 points for a $25 voucher delivered digitally
  • Book an adrenalin-pumping experience such as skydiving, rally driving or hot-air ballooning around 40,000 points and upwards
  • Take in a movie at Hoyts, Village/Event or Palace cinemas, for example 4,620 points for two Hoyts adult passes

Every selection, including Qantas and Jetstar flights, is available as a ‘Points + Pay’ option, in case you don’t have quite enough points for your desired redemption.

Twin zero-interest offers you can actually use

By making matching zero-interest introductory offers 15 months at 0% p.a. on both balances transferred from another card and purchases made using the new card NAB are delivering the best of both worlds. You can make an enormous saving by transferring the balance if you have an existing credit card debt on which you are currently paying 20% p.a. or more in interest; or, you can earn a little interest if you put in a savings account the cash you intended to use to clear the balance.

But the best part is that you can still use your new card for purchases too. Under normal circumstances, having an unpaid balance transfer means that you forfeit regular interest-free days, rendering the card useless for making purchases (and earning points) until the debt is cleared. In this case, the corresponding zero-interest offer on purchases means that you don’t have to worry about losing the standard interest-free days.

The revert interest rate, which will be charged on any uncleared balance after the 15 months expires, is the standard purchase rate of 19.99% p.a. Both this rate and the cash advance rate of 21.74% p.a. are definitely on the high side, even for a credit card, but both can be avoided if you steer clear of cash advances and always pay your account in full and on time.

Up to 44 days on purchases

After the expiry of the 15 months introductory offers it’s back to business as usual, but you will still receive a period of interest-free credit every month. Once the monthly statement cycle ends, you have another two weeks before you have to pay. You can maximise your interest-free days by timing purchases and bill payments to occur at the beginning of the statement cycle wherever possible.

However, NAB’s 44-day cards are not as generous as many others, which add 25 days’ grace to the statement closing date before payment is required. Thus they deliver up to 55 days interest free each month. NAB’s earlier payment date could be a major disincentive for anyone who constantly struggles to pay on time.

Complimentary purchase protection insurance

There’s no long list of ‘free’ insurance policies, such as travel and extended warranty cover, with this card. If there were, you’d end up paying for the policies in the form of a higher annual fee. But you do get one policy which could prove very useful. Most new personal items you purchase using the card are insured for three months against loss, theft or damage. Although this doesn’t replace a home contents policy, it’s reassuring to know that you can shop for the things that make life more pleasant without worrying that they will be stolen or broken before you’ve had a chance to enjoy them.

Jewellery, watches and artworks are limited to $2,500 per claim, and claims are limited to a liberal $100,000 in any 12-month period.

Lots of extras from AmEx and MasterCard

Because you get two cards you get two bites at the cherry when it comes to built-in benefits. They aren’t platinum cards, but it will feel like they are. Here’s what you’ll get:

  • MasterCard ‘Priceless Cities’: Discounts, upgrades, preferential treatment and freebies when holidaying, dining, partying, shopping and golfing
  • AmEx Connect: Cashback offers for spending relatively small amounts at selected retailers (e.g. $20 cashback for spending $50), plus discounts, reserved seating and freebies
  • MasterCard SecureCode and American Express SafeKey: An extra layer of security for online shopping, with either a cardholder-created password (MasterCard) or a one-time PIN delivered by SMS (AmEx)
  • MasterCard Global Assist: Providing worldwide, 24-hour assistance with lost and stolen card reporting, emergency card replacement and emergency cash advances, via toll-free telephone numbers

All this for $95 p.a. per year

The annual fee of $95 p.a. for the primary cardholder, and no charge for a supplementary cardholder, is very reasonable indeed for a Qantas rewards card with a basic rate of one point per dollar on the AmEx card. Although the 0.5 points earned by the MasterCard is less appealing, it does mean that there is a points-earning backup card for when AmEx transactions attract a surcharge or are declined altogether.

The purchase protection insurance policy is estimated to be worth about $40 per year, which leaves $55 to be recovered in rewards points value before the cardholder has broken even and can make a net gain. If points are valued at 1.6 cents each (when redeemed for Qantas award flights), annual card expenditure of only $3,437 would be required in order to offset the remainder of the fee.

In the first year, of course, the 10,000 points are worth $160 and the QFF joining fee is worth $89.50 if you need to use it. Together, these benefits alone are worth almost three times the annual fee.

One of the best Qantas Frequent Flyer starter cards

There’s no doubt that the NAB Qantas Rewards Card is one of the best starter cards for the novice QFF points collector. It allows you to get a feel for earning and redeeming Qantas points without committing to a high annual fee to pay for expensive ‘complimentary’ insurance you may never use.

Even veteran points collectors may decide that this minimalist card offers the best value for money over the longer term.

User reviews

3.8 out of 5.0 based on 9 reviews100% of reviewers would recommend this card.

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.

Super impressed with service

Reviewed and recommended by Vanessa on 17 Sep 2016

I am not super savvy when it comes to knowing all the tricks of the trade or getting the best out of my accounts and cards. I decided to step up and be proactive, and have recently joined the NAB team. Having never banked with them before I was super impressed with how great the service was as well as the simplicity and easy set up.

I am now hoping to pay off debts faster and in 100 years earn enough points to fly around the world.

Great for frequent flyer points

Reviewed and recommended by Xuerong on 26 Jul 2016

I’m very satisfied with the NAB card. Points earning rate is good on the AmEx card (1 point per dollar). The Visa earn rate at 0.5 per dollar is not as attractive, I can check my transactions online almost immediately. The complimentary insurance policy appears to offer good coverage. I’d recommend this card to others considering a frequent flyer-linked credit card account.

Convenient and good rewards

Reviewed and recommended by Adrian on 22 Jul 2016

Both the AmEx and MasterCard earn rewards, with 1 point for Amex and half of a point with MasterCard. As I pay regularly I am gaining rewards for what I would be buying normally anyway. Linked to Paypal, I also get a reward point for anything where I use Paypal. The bank is responsive and helpful so I have had no issues, and this card suits me and my lifestyle.

Reliable card

Reviewed and recommended by Aisha on 12 Jul 2016

I changed to the NAB card after a very disappointing customer service from ANZ. NAB appreciates customers more than ANZ does, and made the whole process seamless. Great work, the team at NAB, for focusing on customers and taking the time to understand their needs from each credit card.

A great card for everyday use

Reviewed and recommended by Shaun on 07 Jul 2016

I have found that the NAB Qantas Rewards Card is reliable, convenient, serviceable, and trustworthy. While the fees are a bit too high for my liking, the rewards points are worthy and are helping me to get a holiday very, very soon. Overall, a great card for everyday use.

Earned plenty of Qantas points

Reviewed and recommended by Sarah on 06 Jul 2016

The amount of points you earn per dollar is good if you use your card for everything and pay it off straight away. Interest is high, but no different from most credit cards—all credit cards seem to charge a lot. Happy with the fact I can earn Qantas points on everyday spending.

Good card when you have a home loan

Reviewed and recommended by Andrew on 05 Jul 2016

We don’t pay any fees as we have a home loan with NAB. Rates are pretty standard.

You get two cards and the rewards are good. You get more for using the AmEx card, although not everywhere accepts it so we usually have to go for fewer points.

Service is good, but could definitely improve.

Very pleased with this card

Reviewed and recommended by Jessica on 03 Jul 2016

I decided to get this credit card following an offer from NAB. I had just signed up to be a Qantas Frequent Flyer member and the idea of earning points by spending money certainly appealed to me. As I pay back the card monthly, I do not have to pay any interest and the fees are low. Overall I am happy that I decided to apply and obtain this credit card.

Overall, a good card

Reviewed and recommended by Darross on 24 Oct 2013

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.

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
Minimum income for pensioners
Same as standard
Pensioners
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 transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.15 months2%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 transfers0% p.a.15 months2%90% of credit limit 19.99% p.a.
Purchases0% p.a.15 monthsN/AN/A 19.99% p.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
2%
Dishonour fee
$5
Duplicate statement fee
$7
Foreign exchange fee
3%
Late payment fee
$9
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

Where will your points take you?

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
10,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$1 in 3 months

Earning points with this card

Frequent flyer points (amex)
1 pt per $1 spent
Frequent flyer points (mc)
0.5 pt per $1 spent
Overseas earn rate (amex)
Same as standard earn rate
Overseas earn rate (mc)
Same as standard earn rate
Points cap per month (amex)
20,000
Points cap per month (mc)
N/A
Points cap per year (amex)
240,000
Points cap per year (mc)
N/A
Reward points (amex)
1 pt per $1 spent
Reward points (mc)
0.5 pt per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
Yes
Concierge service
No

Benefits

This card comes with benefits worth an estimated $58

ShoppingEstimated value
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
$40
Travel
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
$18
Total estimated value$58
Annual fee$95
Net customer value$-37
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. Accurate as of 31st October 2015.

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
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Youth Allowance is not acceptable.
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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