Why we like the NAB Qantas Rewards Premium Card

If you’re looking for a simple credit card that earns Qantas Points, the NAB Qantas Rewards Premium credit card could be for you. You’ll earn 0.67 Qantas Points per dollar spent up to $3,000 per month, plus bonus points when using your card to purchase Qantas services.

This card also comes with six different insurances including international travel insurance and interstate flight inconvenience insurance.

Although this card earns fewer Qantas Points than the NAB Qantas Rewards Signature card, it also has a lower annual fee.

Sign-up bonus

Apply for a NAB Qantas Rewards Premium card to earn 70,000 bonus Qantas Points!

To receive the bonus points, simply spend $2,000 on everyday purchases within 60 days of opening your account.

You’ll also receive a reduced annual fee of $195 (a saving of $100) in the first year.

This offer does not have a fixed expiry date but may be changed or withdrawn at any time. The offer is not available to existing NAB customers who have participated in a NAB Qantas Rewards Bonus Points offer for a new personal NAB Qantas Rewards credit card in the past 18 months.

What you could do with Qantas Points

See our guide to redeeming Qantas points effectively for more information on how you can use your Qantas Points, including for rewards like flights and upgrades.

As an example, it would cost 55,200 Qantas Points + $93 in taxes & carrier charges to book a return Qantas Business Class trip from Adelaide to Brisbane!

Complimentary travel & other insurances

The NAB Qantas Rewards Premium card comes with complimentary international travel insurance. This insurance is underwritten by Allianz and is available when you charge at least $500 worth of prepaid travel costs to your card. Other eligibility criteria apply, including an age limit of 80, which you can review on the NAB Card Insurance eligibility online portal.

Other types of insurance offered with this card include:

• Interstate flight inconvenience insurance
• Rental vehicle excess insurance (within Australia)
• Transit accident insurance
• Purchase protection insurance
• Extended warranty insurance

Before using this insurance, we’d encourage you to read the PDS here.

Earning points

With the NAB Qantas Rewards Premium credit card, you’ll earn 1 Qantas Point per $1.50 spent on eligible transactions (excluding government payments), up to the first $3,000 spent per month. That’s equivalent to 0.67 Qantas Points per dollar spent.

On everyday spend between $3,001-$6,000, you’ll earn 1 Qantas Points per $3 spent – equivalent to 0.33 Qantas Points per dollar. However, no Qantas Points are earned on amounts spent over $6,000 during any monthly statement period.

You’ll earn an additional 1 Qantas Point per dollar spent on Qantas services, including for flights, Qantas Club membership, Qantas Rewards Store purchases and Qantas Wine purchases.

Points earned from this card will be deposited into your Qantas Frequent Flyer account after the end of each month. Qantas Points expire if there is no activity in your Qantas Frequent Flyer account for 18 months, but your account will remain active if you’re earning points each month through your credit card.

Of course, the Qantas Points you earn from this card also count towards Qantas Points Club membership!

Earning points for ATO & government payments

This card does not give points for payments made directly to the Australian Tax Office (ATO) or other government bodies.

However, you can use a payment service such as pay.com.au to pay tax and other bills with this card and still earn Qantas Points at the full rate!

If you’d like a credit card that earns points on ATO payments, you could also consider a NAB business credit card.

Using Qantas Points

You can use your Qantas Frequent Flyer Points towards a wide range of rewards including reward flights, upgrades, wine, hotel bookings, car rentals, Qantas Rewards Store purchases and even Classic Rail Rewards.

Classic Rewards

Arguably, the best value ways to spend Qantas Points are on Classic Upgrade Rewards and Classic Flight Rewards. You can request an upgrade with Qantas Points on any Qantas operated and marketed flight, or book a Classic Flight Reward seat with Qantas or any of its many partner airlines.

Qantas Classic Flight Rewards start at 6,400 Qantas Points + taxes & carrier charges for flights in Jetstar Economy Class or 8,000 Qantas Points + taxes & carrier charges for a Qantas Economy Class flight of up to 600 miles (e.g. on the Melbourne-Sydney route).

It costs 41,500 Qantas Points + $45 for a one-way Qantas Business Class flight from Sydney to Perth.

Partner airlines

You can also redeem Qantas Points to book Classic Flight Reward seats on Qantas’ many partner airlines, subject to availability. This includes the following Oneworld alliance member airlines:

Qantas’ other partner airlines include Emirates, Fiji Airways, El Al, Air France, KLM, WestJet, LATAM Airlines and China Airlines.

You can check the number of Qantas Points needed on any route for an upgrade or reward flight on the Qantas website.

Classic Flight Reward bookings can be excellent value – especially if you’re booking a seat in Premium Economy, Business or First Class. However, beware that reward seat availability is limited. It can be difficult to find seats on popular routes and peak travel dates, especially if you’re searching for multiple seats.

When redeeming Qantas Points for a Classic Flight Reward redemption, you’ll need to pay any applicable taxes & carrier charges in addition to the points. On some airlines, such as Emirates, these carrier charges can be quite expensive. However, other Qantas partner airlines have relatively low or no carrier charges including Fiji Airways, American Airlines, Alaska Airlines, LATAM Airlines, China Airlines and Air New Zealand.

For more details on redeeming Qantas Points, see our Overview of Qantas Frequent Flyer Redemptions.

Summary

Frequently Asked Questions (FAQs)