Some credit cards aim at specific types of people to offer the most desirable plans, perks and offers, as is the case with NAB Qantas Rewards Premium. This is a robust card for any travelers out there who want to travel the world while getting bonus points.
Not only does it have a rewards program, but it’s points can also be exchanged for flights and other travel related things. This means you can always stay on the go while saving up a lot on bookings.
Do you travel at least once a year and would like to find a credit card made for you? Let’s gets started on this review of NAB Qants Rewards Premium Card. Keep reading to understand who this card is for, its main benefits, cons, how the rewards work, how to apply and a lot more.
Nab Qantas Rewards Premium Card
60.000 intro bonus points 0.66 points per dollarHow does NAB Qantas Rewards Premium Card work?
Along this article you’ll see that NAB Qantas Rewards Premium Card is extremely focused on travel. Not only can its reward points (about which you’ll read more later) be exchanged for flight tickets, but its rewards are also more valuable when it comes to travel. That’s why this is also a great credit card to use abroad.
The credit card is quite modern, which allows you to make contactless payment anywhere in the world. As long as a shop accepts Visa you’re good to go. This will make your shopping easier, faster and safer, since it also has fraud coverage and protections.
Otherwise, the credit card is as standard as it comes. When we’re not talking about flight booking, the points won’t really make up for this card’s high annual fee. If you’d like some VIP lounge in airports this also isn’t the choice for you since there is none related to it.
This credit card will give you some other standard Visa benefits, such as access to Visa entertainment. Keep reading to find out every reward and advantage you can get through it.
NAB Qantas Rewards Premium main benefits
This is certainly a credit card that will make travelers happy, NAB Qantas Rewards focuses a lot of its perks on flight booking, as you can see below:
- Earn up to 60.000 Qantas points within the first few months of credit ownership;
- 0.66 Qanta point or more for each dollar spent on everyday purchases;
- 1 Qanta point for each $1,50 spent on eligible purchases;
- 0% initial balance transfer p.a.;
- Complimentary travel insurances;
- Overseas travel insurance.
All travel and complimentary insurances that come with this card apply when you make eligible purchases, including flights. These are Allianz insurances, considered to be some of the best in the market. Meaning you can travel without worries, since your goods and family will be properly protected.
The point rewards system is the one that most credit card users look for when they decide to use this option. There is also a sign-up offer that catches the eye instantly and you can understand below.
Sign-up bonus and offers
If you use more than $2.500 on eligible purchases (which you can find on NAB’s website) within the first 3 months of ownership, you’ll have 65.000 Qantas points as a reward. There is no expiry date, but we recommend you don’t take too long to use them, since the bank has the rights to revoke or alter them over time.
Another interesting point if you’re looking for initial rewards is the balance transfer purchase rate. There is a 0% interest that applies for the first 12 months, however a 3% balance transfer fee still applies for every credit card user. Be careful, since any balance unpaid will generate a cash advance fee that can be quite high.
You can also get an additional credit card without any fees in the first few months. Your new cardholder must be at least 16 years old and their account will be your responsibility.
Travel perks for NAB Qantas Rewards Premium Card
Were you waiting for the chance to become a Qantas Frequent Flyer member? The club allows you to collect and trade Qantas points for flights, hotel stays, dining and other types of travel related perks. If that’s your case, you can forget the $99.50 fee that you’d have to pay.
You’ll also get 24/7 concierge services to make sure you get the best flights and hotel reservations possible every time.
Cons for this credit card
The most important red flag for the NAB Qantas Rewards Premium credit card is the sky high annual fee. If you’re not a frequent traveler or used to points systems, getting your money’s worth in benefits will be quite high.
Another important thing is that there is a rewards cap for this card. The points earned drop after you reach the $3.000 spending limit to 1 point per $3. A great spender could possibly get better offers elsewhere, as long as they look hard enough. So get some pen and paper out and make the calculations, do you spend just enough to get the perks we described here? If you fall short or overspend it could be a future problem.
APR and fees
The fee you must watch out for is the $250 annual fee. It’s high even for a credit card with such a robust rewards system. Other fees include:
- $250 annual fee;
- 21.74% cash advance p.a.;
- 19.99% variable interest rate;
- 3% of the amount of foreign transactions converted in fees.
How to apply for NAB Qants Rewards Premium
NAB Qants Rewards Premium is available for anyone that is over 18 years old and is an Australian citizen or has a permanent visa. You’ll be required to give some personal information upon registration. It’s simple to fill in the forms, taking only 15 minutes or less. Afterwards, all you have to do is wait 60 seconds and get your answer.
Conclusion
The NAB Qantas Rewards Premium Card is a compelling option for frequent travelers who want to maximize their spending through rewards and travel perks. With the ability to earn substantial Qantas Points, which can be redeemed for flights and other travel-related expenses, this card provides excellent value for those who travel regularly. The inclusion of complimentary travel insurance and the opportunity to become a Qantas Frequent Flyer member without the usual fee further enhances its appeal.
However, the card’s high annual fee and the rewards cap after $3,000 in spending may not make it suitable for everyone. Those who do not travel frequently or who may not take full advantage of the points system might find better value with other cards that have lower fees or more flexible rewards programs.
Before applying, it’s essential to assess your travel frequency and spending habits to determine if the NAB Qantas Rewards Premium Card aligns with your financial goals and lifestyle. If it does, the benefits and rewards can provide significant value and enhance your travel experiences.
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