NAB - Qantas Rewards Premium Credit Card
The NAB Qantas Rewards Premium Card has an introductory balance transfer interest rate of 0% p.a. for the first 12 months. The balance transfer rate reverts to 21.74% p.a. thereafter. A 3% balance transfer fee applies.
For every $1.50 spent, 1 Qantas Point is earned. Beyond $3000 and up to $6000, 1 Qantas Point is earned for every $3 spent. Points are capped at $6000 spend per statement period.
Earn a bonus 70,000 Qantas Points on a new NAB Qantas Rewards Premium Card once $2,000 is spent within 60 days of account opening.
Annual Fee
$195 for the first year reverts to $295 per year thereafter
Balance Transfer
0% for 12 months reverts to 21.74% p.a.
3% BT fee applies.
3% BT fee applies.
Purchase Rate
20.99% p.a.
Rewards Rate One
1 point(s) per AUD$1.50 On everyday purchases
Details
Card Type
Visa
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$6,000
Fees
Annual Fee
$195 for the first year
reverts to $295 per year thereafter
Late Payment Fee
$15
per statement
Cash Advance Fee
3% or $3
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 1
additional holders
Rates
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.74% p.a.
Balance Transfer
Balance Transfer
0% for 12 months
reverts to 21.74% p.a.
3% BT fee applies.
3% BT fee applies.
Balance Transfer Fee
3%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Overseas ATM Withdrawal Fee
$5
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
Yes
Rewards
Program
Qantas Frequent Flyer
Types
Flights, Qantas Products, Vouchers
Bonus
70,000 bonus points
Reward Rates
Rewards Rate One
1 point(s) per AUD$1.50
On everyday purchases
Rewards Rate Two
1 point(s) per AUD$3
On everyday purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
These customers are likely to have the following objectives, needs and financial situation for this product:
Objectives and Needs
- A person that wants a credit card to cover the cost of everyday or large household purchases and to flexibly manage their monthly spending.
- A person that wants to make the most out of their purchases by earning Qantas rewards points which can be redeemed for award flights, products, and vouchers from the Qantas store.
- A person that wants access to complimentary travel and purchase insurances.
Financial Situation
- A person that is likely to transact and make purchases using the card at a rate to earn rewards points
- A person that is willing to pay a higher annual fee and higher interest rate to access:
- Qantas Rewards points
- Free Qantas Frequent Flyer membership
- complimentary insurances
- A person that requires a minimum credit amount of at least $6,000
- A person that is not likely to carry a substantial balance over an extended period
- A person that has access to sufficient income to satisfy NAB’s credit assessment requirements and to meet the following payments:
- minimum monthly repayments
- higher annual fee
- higher interest rate.
- A person that wants to manage and reduce the interest on their card.
Visit NAB to view Target Market Determination Effective From: 2024-09-13.
Australia - © 2023 Fair Comparison Pty Ltd
Savrr.com is a trading name of Fair Comparison Pty Ltd. The 'compare' pages of this website are provided by Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to compare a range of credit card, home loan, personal loan, and car loan products. Fair Comparison Pty Ltd may receive a fee if users click through, apply and/or successfully acquire a loan or credit card product from or through a product provider.
Fair Comparison provides information relating to credit products offered by banks and other credit providers. We are not providers of loan, credit, or any other financial products. While we aim to provide information about a variety of products, we do not provide information about all products or product features available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific products. Should you choose to apply for a product which is listed, you will deal directly with the provider of the product or its broker/representative. We aim to provide useful and up to date information, but you should always carefully check product information with the product provider prior to applying for or taking out a credit product. If you are unsure, you should seek clarification from the product provider or independent financial advice.
Global - © 2023 Fair Comparison Ltd
Savrr.com is a trading name of Fair Comparison Ltd. The ‘compare’ pages of this website are provided by Fair Comparison Ltd to compare a range of online trading platforms and products. Fair Comparison Ltd may receive a fee if users click through, apply and/or successfully apply for an online trading account or product.
Fair Comparison provides information relating to online trading platforms. We are not providers of loan, credit, or any other financial products nor are we an investment broker. While we aim to provide information about a variety of platforms or products, we do not provide information about all platforms or products available to consumers - there may be alternative options available elsewhere. We do not recommend or assist you to apply for specific platforms or products. Should you choose to apply for a platform or product which is listed, you will deal directly with the platform or its broker/representative. We aim to provide useful and up-to-date information, but you should always carefully check information with the platform provider prior to opening an account or making a financial decision. If you are unsure, you should seek clarification from the platform or independent financial advice.