The NAB Qantas credit card boasts one of the best rewards programs based on your spending and helps speed up your points accumulation through promotional offers.
If you’re new to NAB and planning to become a customer, you can receive up to 120,000 bonus Qantas points, provided you meet two requirements: spend at least $3,000 on everyday purchases within the first 60 days of opening your account and keep your card for over 12 months.
Even long-standing customers can score additional benefits by applying for this credit card via the app or internet banking.
Recently, the annual fee increased slightly from $395 to $420, but the advantages can easily offset this cost, and you may even get a reduction depending on your spending level.
What we really like about this card
- Up to 44 days interest-free on purchases
- Qantas rewards program
- You can add another cardholder (aged 16+) under your account
- Free Qantas Frequent Flyer membership (saving you $99.50)
- 5 complimentary travel and purchase insurances included
- 24/7 concierge service
- Fraud protection: The bank uses smart systems to detect potential unauthorised transactions
- Emergency assistance if your card is lost or stolen
- Access to Visa Premium: exclusive offers and privileges for Signature cardholders in travel, lifestyle, and more
Discover the extra insurances included with this card
Some features may vary, so always contact customer service to confirm eligibility before using your insurance. In general, the card provides five complimentary protections. Here’s what they can cover:
✅International Travel Insurance: Covers overseas emergency medical expenses, lost luggage, trip cancellations and delays, alternative transport, and accidental death.
✅Domestic Travel Insurance: Covers flight cancellations and delays, lost or delayed luggage, and additional expenses.
✅Rental Vehicle Excess Insurance in Australia: Covers the excess you’re liable for, up to $5,000.
✅Purchase Protection: Protects items paid for in full with your Signature card for up to 90 days in case of loss, accidental damage, or theft. It excludes jewellery, watches, and artwork, but claims have a high limit of up to $200,000.
✅Extended Warranty: Extends the warranty on eligible products paid for with the card by up to 12 months beyond the original warranty.
How does the NAB Qantas credit card points program work?
This is one of the most praised benefits by customers, as earning points is boosted through offers, alongside regular everyday purchases.
Cardholders earn 1 NAB Qantas credit card point per $1 spent up to $5,000, and 0.5 points per $1 on spending between $5,001 and $20,000.
Additionally, the program offers 1 bonus point for every dollar spent on eligible services like flights booked directly through the Qantas website, gift cards on their platform, subscriptions, and more.
You can later redeem your points for valuable rewards such as flights, products, and vouchers from the Qantas marketplace.
Key fees
- Annual fee: $320 for the first year and $420 after the reduction period
- Purchase interest rate: 20.99% p.a.
- Standard Balance Transfer (BT) rate for 12 months: 0% p.a.
- Cash advance interest rate: 21.74% p.a.
What you should consider before applying NAB Qantas credit card
Points are capped on spending up to $20,000, so if you tend to spend more than this, you might want to look for a more premium card to maximise your points.
This card makes sense for a more sophisticated lifestyle, especially for cardholders who frequently travel internationally, as the main insurances are perfect for those occasions.
The interest rates are higher compared to low-rate cards, but if you need a higher credit limit, this is a good option, as the minimum limit starts at $15,000.
If you’re planning to use it for a balance transfer from other cards, make sure your card issuer is accepted, and remember that after the 12-month promotional interest-free period, the rate will revert to the cash advance rate.