Fly Further with the NAB Qantas Rewards Premium Credit Card

The NAB Qantas Rewards Premium Credit Card is your gateway to a world of exclusive travel rewards and premium perks, tailored specifically for those who are passionate about flying with Qantas.

With this card, you can accumulate Qantas Points on everyday purchases, unlocking opportunities to enhance your travel experiences. Whether you’re a frequent flyer or simply someone who values exceptional benefits, this card is designed to elevate your lifestyle and help you make the most of your spending.

Maximise Your Qantas Points with Everyday Spending

One of the key attractions of the NAB Qantas Rewards Premium Credit Card is its ability to help you earn Qantas Points with nearly every purchase you make. With this card, you’ll earn:

• 1 Qantas Point for every $1.50 spent on everyday purchases up to $3,000 per statement period.
• 1 Qantas Point for every $3 spent on purchases between $3,001 and $6,000 per statement period.

These points can quickly accumulate, allowing you to redeem them for flights, upgrades, and a variety of other rewards through the Qantas Frequent Flyer program. Additionally, the card offers 1 bonus Qantas Point for every dollar spent on eligible Qantas services, further boosting your points balance.

Generous Sign-Up Bonus

New cardholders can take advantage of a 70,000 bonus Qantas Points offer. To qualify, simply spend $2,000 on everyday purchases within the first 60 days of opening your account.

You’ll earn 60,000 points after meeting this requirement, and if you keep your card for over 12 months, you’ll receive an additional 10,000 points. This sign-up bonus can significantly accelerate your ability to redeem for valuable rewards, such as flights or upgrades, making it an excellent incentive for new users.

Premium Benefits Beyond Points

The NAB Qantas Rewards Premium Credit Card isn’t just about earning points. It also comes with a suite of premium benefits designed to enhance your travel experience and provide peace of mind.

Complimentary Travel Insurance

One of the standout features of this card is the complimentary travel insurance it offers. When you use your card to pay for your travel expenses, you’ll be covered with comprehensive travel insurance that includes both international and domestic travel.

This coverage extends to interstate journeys within Australia and even covers rental vehicle excess insurance. This means you can travel with confidence, knowing that you’re protected against unexpected events, from medical emergencies to trip cancellations.

Access to Visa Premium Privileges

As a cardholder, you’ll also enjoy exclusive access to Visa Premium Access, which offers hundreds of deals, discounts, and privileges across a range of categories, from dining to shopping. This adds even more value to the card, especially for those who love to explore new experiences and make the most of their spending.

Additional Cardholder Benefits

You can add an additional cardholder to your account at no extra cost, making it easier to accumulate points faster and manage family expenses under one account. Plus, with NAB Defence, you’re protected against fraudulent transactions, so you can shop with peace of mind.

Understanding the Costs: Fees and Interest Rates

While the NAB Qantas Rewards Premium Credit Card offers significant rewards and benefits, it’s important to consider the associated costs to determine if it’s the right fit for you.

Annual Fee and Interest Rates

The card comes with an annual fee of $250, which is reduced to $150 for the first year. Starting from 13 September 2024, the annual fee will increase to $295, with a reduced fee of $195 for the first year if charged after this date.

While this fee is on the higher side, it’s crucial to weigh it against the potential rewards you can earn, especially if you’re a frequent flyer.

The card’s variable purchase rate is 20.99% p.a., and the cash advance rate is 21.74% p.a. Additionally, the card offers up to 44 interest-free days on purchases, allowing you to manage your cash flow effectively if you pay off your balance in full each month.

Balance Transfers and Other Fees

If you’re considering transferring a balance from another credit card, the NAB Qantas Rewards Premium Credit Card offers a 0% p.a. balance transfer rate for 12 months, with a 3% balance transfer fee. After 12 months, any remaining balance will revert to the variable cash advance rate.

Keep in mind that the balance transfer feature may not be available from all issuers, so it’s essential to check NAB’s indicative list for compatibility.

H2: Who Should Consider the NAB Qantas Rewards Premium Card?

This card is an excellent choice for specific types of users, particularly those who can make the most of the Qantas Points and premium benefits.

Frequent Flyers and Qantas Loyalists

If you’re someone who frequently flies with Qantas or its partner airlines, the NAB Qantas Rewards Premium Card is a fantastic option. The ability to earn points on everyday purchases, coupled with the bonus points on Qantas services, means you can quickly accumulate the points needed for flights, upgrades, and other travel rewards.

Everyday Spenders Who Value Travel Rewards

Even if you’re not a frequent flyer, this card can be valuable if you’re looking to build up Qantas Points through regular spending. The complimentary insurances and access to Visa Premium deals further enhance the card’s appeal, making it a strong contender for anyone who values travel rewards and premium services.

How to Apply for the NAB Qantas Rewards Premium Card

Applying for the NAB Qantas Rewards Premium Card is a straightforward process that can be completed online in just a few steps.

Eligibility Criteria

To apply for this card, you must meet the following criteria:

• Be 18 years or older.
• Receive a regular income.
• Be an Australian resident for tax purposes.
• Be an Australian or New Zealand citizen, an Australian permanent resident, or a non-resident holding an acceptable Temporary Residency Visa.

Certain visa categories, such as Visitor Visas and Working Holiday Visas, are not acceptable.

Application Process via Website

Here’s a simple step-by-step guide to applying for the NAB Qantas Rewards Premium Card:

• Visit the NAB Qantas Rewards Premium Card page:

• Click “Apply Now”: Initiate the application process by selecting the “Apply Now” button.

• You will be redirected to a page where you will find all the information about the card in detail so that you can be sure that this is the card you want and that you meet all the basic requirements.
• If everything is correct, click on the green “Apply Now” button to continue.
• Complete the Application Form: Fill in your personal information, including your employment details, income, and expenses.
• Submit Your Application: Review all the details and submit your application online. If conditionally approved, you may be asked to provide additional documents, such as payslips or bank statements.
• Await Approval: If approved, your card will arrive within five working days. You can then activate it via the NAB app or Internet Banking and start using it right away.

How to Apply via the NAB App

Applying for the NAB Qantas Rewards Premium Credit Card is a straightforward process that can be done right from your smartphone. Here’s how you can apply through the NAB app:

Step 1: Log In to the NAB App

• Open the NAB app on your smartphone and log in using your NAB ID and password

Step 2: Navigate to Credit Cards

• Once logged in, tap on the “Products” section from the menu.
• Select “Credit Cards” from the list of available products.

Step 3: Choose the NAB Qantas Rewards Premium Card

• Browse through the available credit cards and select the NAB Qantas Rewards Premium Credit Card.

Step 4: Start Your Application

• Tap “Apply Now” to begin your application process.
• Fill in your personal and financial details as required.

Step 5: Submit Your Application

• Review all the details you’ve entered to ensure they are correct.
• Once satisfied, submit your application directly through the app.

Step 6: Await Approval

• You’ll receive a response within 60 seconds. If your application is conditionally approved, you may be asked to provide additional documentation, such as payslips or bank statements, to verify your information.

Step 7: Receive and Activate Your Card

• If approved, your physical card will arrive within five working days.
• Once received, activate your card using the NAB app or through NAB Internet Banking.

Step 8: Start Using Your Card

• After activation, you can begin using your card for purchases, earning Qantas Points on your everyday spending.

Frequently Asked Questions

How many Qantas Points can I earn with this card?

You can earn 1 Qantas Point per $1.50 spent up to $3,000, and 1 Qantas Point per $3 spent between $3,001 and $6,000 each statement period.

What is the sign-up bonus for this card?

New cardholders can earn 70,000 bonus Qantas Points by spending $2,000 on everyday purchases within the first 60 days.

Does the card offer complimentary travel insurance?

Yes, the card provides complimentary international and domestic travel insurance when you use it to pay for your travel.

What is the annual fee for the NAB Qantas Rewards Premium Card?

The annual fee is $250, reduced to $150 for the first year. From 13 September 2024, the fee will increase to $295, with a first-year reduction to $195.

Conclusion

The NAB Qantas Rewards Premium Credit Card is a powerful tool for those who want to maximise their Qantas Points and enjoy a range of premium benefits.

While the card does come with a higher annual fee, the rewards and services offered can provide significant value, especially for frequent travellers. If you’re ready to take your travel rewards to the next level, this card could be the perfect addition to your wallet.