Learn how to apply for the NAB Qantas Rewards Premium Card

Applying for the NAB Qantas Rewards Premium Card

If you’re interested in the NAB Qantas Rewards Premium Card, here are the steps you need to take:

First, it’s important to note that the NAB Qantas Rewards Premium Card is designed for short-term spenders. By spending $2,000 on everyday purchases within 60 days of account opening, you can earn 70,000 Qantas Points. These points can be redeemed for over 8,000 products from more than 500 leading Australian and international brands.

In addition to the bonus points, you can enjoy a 1 Qantas Point per $1.50 ratio for the first $3,000 spent on everyday purchases. After that, the ratio changes to 1 Qantas Point per $3, with a cap of $6,000 per statement period.

The NAB Qantas Rewards Premium Card also offers complimentary insurances, fraud protection, concierge service, an additional cardholder at no extra cost, emergency assistance, and Visa Premium Access. Additionally, you can benefit from up to 44 days interest-free on purchases, with a variable purchase rate of 19.99% p.a. The annual card fee is $250 p.a., but it’s reduced to $150 for the first year.

Who can apply for the NAB Qantas Rewards Premium Card?

This card is best suited for those who plan to spend in the short term, particularly within the first 60 days to maximize the bonus points. The card’s complimentary insurance policies make it appealing for both frequent travelers and shoppers. Generally, premium cards like this one are available to individuals with a “good” or better credit score, although NAB does not specify a required score for this card.

How to apply for the NAB Qantas Rewards Premium Card

If you’re ready to apply for the NAB Qantas Rewards Premium Card, you can start the process online. Click here to begin.

If you’re an existing NAB customer, you can use your NAB Internet Banking login to pre-fill your personal and NAB financial details, as well as upload any required financial documents. If you’re a new NAB applicant or don’t have any active NAB accounts, you’ll need to provide at least one form of identification, such as an Australian driver’s license, Medicare card, Australian passport, or international passport.

The application process is divided into three steps:

Step 1: Complete the application, which takes about 15 minutes. You’ll receive a response within 60 seconds.

Step 2: If you’re conditionally approved, the bank may ask for additional information or documentation, such as payslips or bank statements.

Step 3: If approved, your physical card will be delivered within five working days. You can then activate and set up your new card using the NAB app or NAB Internet Banking.

Documents and information needed for the application

Before starting your application, make sure you have the following documents and information ready:

• The maximum credit limit you would like to apply for
• Employment details for the past three years
• Your financial information, including income, assets, debts, and expenses
• Your Qantas Frequent Flyer membership number, if applicable

Is the NAB Qantas Rewards Premium Card worth it?

Like any credit card or product, whether the NAB Qantas Rewards Premium Card is worth it depends on your goals and needs. If you’re a frequent spender, especially within the 60-day timeframe, the card’s bonuses and benefits can make it a good fit for your financial profile. However, it’s important to consider the $250 p.a. annual fee when making your decision.

NAB Qantas Rewards Premium Card vs. Capital One Journey Student Rewards Card

If you’re looking for another card that rewards spending, consider the Capital One Journey Student Rewards Card. This card offers 1% cash back on all spending, with an additional 0.25% back for any month when you pay on time. In the first five months, paying on time may also result in a higher credit line.

Despite its name, the Capital One Journey Student Rewards Card is not limited to students and can be a good option for those with an average credit score (630-689 on average). The card has no annual fee and a variable APR of 28.49%. Additionally, it doesn’t have foreign transaction fees, making it a cost-effective choice for international travelers.

Pros of the NAB Qantas Rewards Premium Card:

• Earn 70,000 bonus Qantas Points by spending $2,000 on everyday purchases within 60 days of account opening
• 1 point per $1.50 spent, up to $3,000 spend per month
• 0% p.a. balance transfer offer for 12 months
• Six complimentary insurances

Pros of the Capital One Journey Student Rewards Card:

• Earns rewards
• No foreign transaction fees
• No annual fee
• Qualify with average credit

To learn more about the Capital One Journey Student Rewards Card, click here.

Written by

Claire Harrison