NAB Qantas Rewards Credit Card

Amount spent per month: 
card features
balance transfer
purchase rate
annual fee
your earnings
NAB Qantas Rewards Credit Card
APPLY BY 18 jan 15
Rated by 1 person
Bonus 20,000 points.
Earn QFF points (capped at $100,000 per month) and free entry into Qantas membership.
Fast 60 second instant approval process.
6 months
4.99% p.a.
then 19.99%
19.99% p.a.
over 12 mths (up to)
60 second response
Pros & Cons
Our Review
User Reviews
Rates & Fees
Rewards & Points
Similar Cards

The Pros

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.
Annual fee is cheap for a frequent flyer card.
Because there are two cards it gives you greater flexibility to earn points and avoid surcharges.
Low balance transfer rate of 4.99% p.a. for 6 months.
Complimentary purchase protection insurance.

The Cons

The point earn rate on the MasterCard is only 0.5 pt per $1 spent.
Qantas points are capped at $100,000 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.

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.

How well does it rate with reviewers?

out of 5.0
based on 1 reviews
Rates and fees
Customer service
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.
Annual Fee
$65 p.a.
Balance Transfer Fee
Balance Transfer Rate
4.99% p.a.
Balance Transfer Period
6 months
Cash Advance Fee
Cash Advance Rate
21.74% p.a.
Purchase Rate
19.99% p.a.
Intro Purchase Rate
Intro Purchase Period
Duplicate Statement Fee
Foreign Exchange Fee
Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Late Payment Fee
Maximum Credit Limit
Minimum Credit Limit
Minimum Repayment
Over Limit Fee
Overseas ATM Balance Fee
Overseas ATM Withdrawal Fee
Overseas Emergency Card Replacement Fee
Transaction Verification Fee

Rewards & Points

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
Reward Points (AmEx)
1 pt per $1 spent
Reward Points (MC/VISA)
0.5 pt per $1 spent
Rewards Program
Qantas Frequent Flyer


Extended Warranty Insurance
International Travel Insurance
Interstate Flight Inconvenience
Personal Item Theft Cover
Price Protection Insurance
Purchase Protection Insurance
Transport Accident Insurance

Minimum criteria for this card

Be over 18 years old
Earn a regular income of more than per year
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
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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