NAB Qantas Rewards Card

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card features
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purchase rate
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NAB Qantas Rewards Card
APPLY BY 11 oct 15
Rated by 1 person
0% p.a. on balance transfers 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.
over 12 mths (up to)
60 second response
Pros & Cons
Our Review
User Reviews
Rates & Fees
Rewards & Points
What You'll Need
Similar Cards

The Pros

0% p.a. on balance transfers 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 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.
Additional Cardholders
Annual Fee
$95 p.a.
Balance Transfer Fee
Balance Transfer Limit
90% of credit limit
Balance Transfer Period
15 months
Balance Transfer Rate
0% p.a.
Card Setup
Dual Card
Card Tier
Card Type
MasterCard & AmEx
Card Use
Cash Advance Fee
Cash Advance Rate
21.74% p.a.
Dishonour Fee
Duplicate Statement Fee
Foreign Exchange Fee
Gambling Transactions Allowed
Interest Charged From
Purchase date
Interest Free Period
Up to 44 days on purchases
Intro Purchase Period
Intro Purchase Rate
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
Purchase Rate
19.99% p.a.
Transaction Verification Fee

Rewards & Points

Airport Lounge Access
Complimentary Flight Voucher
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)
Points Cap Per Month (MC/VISA)
Points Cap Per Year (AmEx)
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


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