How does the NAB Qantas Rewards Credit Card compare against a credit card of the national average?
|NAB Qantas Rewards Credit Card||19.99%||21.74%||$65||0%||15 months|
| ||The Average Credit Card||16.78%||21.20%||$93||1.60%||9 months|
Methodology: The Scorecard is based on the interest rates and fees from 315 credit cards from 52 banks and credit unions to give a national average on an ongoing basis. Introductory promotional rates are not included in the calculation.
Disclaimer: The data presented in the Scorecard is intended to be a guide. Some factors may affect data accuracy. We try to present accurate and fresh data, but it is possible that our database may not include every credit card on the entire market and that products may change without us being notified.
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.
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.
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.
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.