The NAB Qantas Rewards Premium Credit Card brings together two powerful forces:
a trusted Australian bank and one of the most recognized airlines in the Southern Hemisphere.
This partnership translates into a credit card that delivers genuine value to anyone who prioritizes Qantas travel and rewards.
From airport perks to international insurance coverage, this card turns routine spending into meaningful travel upgrades. You don’t need to be a corporate traveler to see the value—just someone who knows how to make the most of points and perks.
It’s a great middle-tier option for those who want benefits without paying the highest-tier fees.
NAB Qantas Rewards Premium
Earn Qantas Points Annual fee appliesHow Does the NAB Qantas Rewards Premium Card Work?
The rewards structure is simple and effective. You’ll earn 1 Qantas Point for every $1.50 spent on eligible purchases, up to $3,000 per statement cycle.
After that threshold, you still earn 0.5 points per $1.50—meaning you continue to collect value even beyond the cap.
If you use your card to book Qantas flights, upgrades, or services, you get 1 bonus point per $1 spent. This is a huge incentive for travelers who regularly book through Qantas.com or use Qantas for both domestic and international trips.
Your Qantas Points are automatically credited to your Frequent Flyer account, allowing you to redeem them for award flights, upgrades, car hire, or even Qantas Wine.
The card also gives you complimentary Qantas Club lounge invitations, which are perfect for relaxing before a flight, and a suite of insurances including overseas medical, cancellation cover, and rental vehicle excess.
It works both locally and internationally, with Visa’s global acceptance network ensuring you’re covered in most destinations.
Main Benefits of the NAB Qantas Rewards Premium Credit Card
This card isn’t just about points—it’s about elevating your travel experience. The earn rate is consistent and practical, especially if you’re focused on building a points balance for Qantas redemptions.
The two Qantas Club invitations each year are a tangible bonus, especially for travelers who don’t have a full lounge membership. These passes can make layovers and delays far more comfortable.
The international travel insurance is activated when you pay for your trip with the card, giving you peace of mind for medical emergencies, trip delays, or lost luggage.
Added protections like purchase insurance, fraud monitoring, and extended warranties make everyday purchases safer, whether you’re at home or abroad.
The NAB app lets you track rewards, manage expenses, and even lock your card instantly in case of suspicious activity.
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Cons of the NAB Qantas Rewards Premium Credit Card
As with any premium travel card, there are a few limitations to weigh. The annual fee of AUD $250 can seem steep unless you’re making full use of the rewards and perks.
There’s also the monthly cap of $3,000 for the top-tier earn rate. If you’re a heavy spender, that cap may restrict your total point accumulation.
The bonus points are Qantas-specific, so this card makes the most sense for loyal Qantas travelers. If you’re someone who prefers flexibility to use points across multiple airlines, you may be better off with a flexible travel rewards card or a points-based program like Amex Membership Rewards.
Also, while lounge passes are a great touch, they don’t compare to a full Qantas Club membership, which would require a separate purchase.
Finally, there’s no introductory bonus like you see on many U.S. cards, so you’ll need to rely on your regular spending to accumulate value over time.
APR and Fees
- Annual Fee: AUD $250
- Interest Rate on Purchases: 19.99% p.a.
- Balance Transfer Rate: 0% p.a. for 12 months (with 3% fee)
- Cash Advance Rate: 21.74% p.a.
- Minimum Credit Limit: AUD $6,000
- Foreign Transaction Fee: 3%
These rates place the card in the premium tier, and the APRs are fairly typical for rewards cards with travel perks. The 0% balance transfer offer is a nice touch for those looking to consolidate.
How to Apply for the NAB Qantas Rewards Premium Credit Card
- Go to NAB’s official website and find the Qantas Rewards Premium card.
- Click on “Apply now” to start the secure application process.
- Provide personal and financial information, including employment details and income.
- Confirm your Qantas Frequent Flyer membership number, or create one if you’re not a member.
- Submit your application and await a response—usually within 60 seconds.
- If approved, your card is mailed and ready to use shortly after activation.
Once you start using your card, make sure to track the rotating Qantas promotions and spend categories to maximize your points potential each month.
