Point Hacks Credit Card Guide

NAB Qantas Premium American Express & Visa Guide

The NAB Qantas Premium joint American Express and Visa account comes with a $250 annual fee and offers a 1.5 Qantas point per $ earn rate on the American Express, which is one of the best in the market.

This guide also covers the NAB Qantas Classic account – a sub $100 annual fee Amex and Visa combo aimed at lighter spenders.

Digging into the details of NAB’s Qantas Frequent Flyer credit cards

The NAB Qantas card range has a Premium and a standard account, with the Premium card coming in at an annual fee of $250, and the standard card at $95.

The Premium card is very handy for it’s excellent 1.5 Qantas Points per dollar earn rate on the American Express.

On both cards you’ll also receive 1 extra Qantas point per $ spent with Qantas.

Card Details

CardNAB Qantas Premium American Express & Visa
Loyalty programQantas Frequent Flyer
Points earned from spend1.5 Qantas Points per $ on the Amex, 0.5 Qantas Points per $ on the Mastercard
Points cap$25,000 per statement period
Earns points at ATONo
Insurance includedSeven complimentary insurances including overseas travel insurance and purchase protection
Overseas transaction fee3% of the converted amount
Annual fee$250

The NAB Qantas Premium account offers 1.5 Qantas points per $ on spend on the Amex, and 0.5 points per $ on spend on the Visa.

You’ll also get access to a wide range of insurances with the Premium card, which may or may not be of use – one to look into with your own specific circumstances in mind. The insurances included are below, with the full PDS for them here.

  • Overseas Travel Insurance
  • Price Protection Insurance
  • Interstate Flight Insurance
  • Transport Accident Insurance
  • Domestic Hotel Burglary Insurance

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

The American Express earn rate is one of the best things about the Premium card and offer, as it’s up there with the highest earning Qantas cards you can find.

It maybe worth considering if you plan to put significant spend on the Amex, especially given NAB offer a decent points-earning cap of $25,000 per statement period on this account (this cap came into effect from July 4th).

Card Details

CardNAB Qantas American Express & Visa
Loyalty programQantas Frequent Flyer
Points earned from spend1 Qantas point per $ on the Amex, 0.5 points per $ on the Visa
Points cap$20,000 per statement period
Earns points at ATONo
Insurance includedPurchase protection
Overseas transaction fee3% of the converted amount
Annual fee$95

The NAB Qantas Classic account annual fee is $95. You’ll also get some purchase protection insurance with this card, a 1 point per $ earn rate on spend on the American Express, and 0.5 points per $ on the Visa. Read the Purchase Protection PDS here.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

There aren’t any other benefits, but for a sub $100 annual fee combined account, that’s to be expected.

Summing up – NAB Qantas Classic and Premium American Express & Visa / Mastercard accounts

These can be handy cards to know if you want the convenience of a dual card combination with one account to manage. You can find better Qantas Point earn rates from standalone MasterCard / Visa options out there, but if you can use the American Express primarily, the Qantas Points earn rates are very good.

The Premium account 1.5 points per $ earn rate is one of the best out there, so if you know you’ll be putting a high volume of spend on the card then it may be one to seriously consider.

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Point Hacks Credit Card Information

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We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.

Comments Expand Comments

  1. Mark

    Hello
    Do you have any thoughts on how long to wait after cancelled a NAB Velocity card and applying for the NAB Qantas card with the 60k bonus points? It’s been a month or two already and I am very tempted to apply but read the following in the terms so a bit nervous!
    Offer only available to new approved NAB credit card customers who apply by 30 April 2016. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer. Terms, conditions, fees, charges and lending criteria apply.

    • Keith Author

      Hi Mark – NAB don’t publish their requirements but I believe it is either 4 or 6 months. They will normally tell you if you call up and ask to check.

  2. Andrew

    Any idea how long it takes for the 60,000 bonus points to be credited. They conditions say up to 4 months but with other banks it’s usually much quicker than that. I’ve had the NAB cards for nearly the full 4 months and no points yet.

  3. Stephen Dacey

    The only issue I have with the above cards are the 3% overseas purchase transaction fee. I have a Bankwest Qantas Platinum Mastercard. Whilst they have just dropped the points earn to 0.5 points per $1 spend, this card is great for online purchases AND for purchases overseas. Zero overseas transaction fees with this card, which can add up to a lot when OS. All depends what is important to you, points earned or costs against your spend. For the moment I am staying where I am unless there is something better that comes along.

  4. Nealos

    Is NAB still honouring its offer of 75k when you spend $1500? I’ve recently looked at its website and now they have changed their offer to a bonus of 25k when you make an everyday transaction?
    I purely signed up for the 75k offer and it would be disappointing if this has now changed!

    • Keith Author

      Sorry for the delayed reply – yes, this offer is still running. It may not be promoted on NAB’s website though, sometimes they give promotional partners (like us) better offers than they promote themselves.

  5. Louise

    I’m not sure where the points capping information was obtained from as NAB don’t seem to make this information easy to find. Does anyone have any details on this they could share?

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