NAB Rewards Platinum Card

Offers up to 100,000 bonus NAB Rewards Points and a discounted $45 annual fee in the first year, which goes to $195 after that.

The NAB Rewards Platinum card is suited to cardholders who want to get rewarded for their spending and like the flexibility of bank reward points. Right now, you can get 80,000 bonus NAB Rewards Points when you apply and spend at least $1,000 on everyday purchases within the first 60 days from account opening. And another 20,000 points when you keep your card open for over 12 months. If you do collect the maximum 100,000 bonus points, you would have enough points for $480 worth of gift cards. You could also transfer them and get 50,000 Velocity Points for frequent flyer rewards.

The NAB Rewards program also offers point transfers Cathay Pacific (Asia Miles), Singapore Airlines KrisFlyer, Air New Zealand Airpoints, Accor Live Limitless and Flybuys. Similar to many other credit card reward programs, you can also get retail items or donate to charitable causes. But, while the discounted $45 annual fee in the first year helps you save in the short-term, keep in mind that you’ll need to pay the ongoing $195 annual fee in the second year before you can collect the last 20,000 bonus points on offer with this card.

Pros

Cons

You need to keep the card for at least 12 months to collect all the bonus points, which means you’ll have to pay the second year annual fee

• Our verdict
• Details
  • Product details
  • Eligibility
  • Rewards
  • Fees

  The NAB Rewards Platinum Credit Card offers a 24/7 concierge that can help you save time on travel planning, entertainment bookings, gift purchases and more. When you make purchases with this card, you can also get up to 44 interest-free days on purchases by paying the total amount listed on your statement by the due date. Otherwise, the card's 20.99% p.a. variable purchase rate applies.

  Details

  Product details

  Purchase rate p.a. Up to 44 days on purchases

  Eligibility

  Available to temporary residents	Yes - Conditions apply
  Joint application	No

  Rewards

  Rewards program	NAB Rewards
  Bonus points	100,000
  Rewards points per $ spent	1

  Fees

  Annual fee $45 first year ($195 after) Foreign currency conversion fee

  How to apply

  You can apply for the NAB Rewards Platinum card online in about 15 minutes and get a response in around 60 seconds. Before you start, make sure you meet the eligibility requirements and have the necessary documents to complete the application.

  Eligibility criteria

  • New customer. The bonus points offer is only available to new NAB customers, meaning you cannot hold or have held a NAB Rewards card in the previous 18 months.
  • Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.
  • Eligible balance transfer debt. You can transfer up to 90% of your approved credit limit from non-NAB accounts.
  • Age. You must be at least 18 years old to apply.

  Required documents

  • Personal information. This includes your full name, date of birth, marital status, residential address, email address and contact number. You're also required to provide identification, such as your driver's licence number.
  • Employment. This includes your employer's name and contact details, your role and the length of time you've worked there. You'll also need to provide details of your salary and may be asked to submit recent payslips or bank statements.
  • Finances. As well as your income, this includes details of any assets such as savings, shares or investments. You'll also need to provide information about existing cards, loans, other debts and ongoing financial responsibilities and expenses (ie groceries and fuel).
  • Balance transfer details. If you're conducting a balance transfer, you'll need to include how much you're moving and your previous account details.

  Card benefits

  • Bonus points offer. Receive 80,000 bonus NAB Rewards Points when you spend $1,000 on everyday purchases within 60 days of opening the account. These points will be credited to your account within 3 months of meeting the spend requirement. The other 20,000 bonus points will be credited in the 13th month when you keep your account open. There's no specified expiry date for this offer, but NAB may vary or end it at any time.
  • Discounted first-year annual fee. Apply and get approved for a new card and you will save $150, thanks to $45 first-year annual fee ($195 p.a. thereafter).
  • Points per $1 spent. You'll earn 1 NAB Rewards Point per $1 spent on eligible purchases. You can also earn 1 additional NAB Rewards Point for every dollar spent on online purchases made with Webjet via the NAB Rewards Store or Webjet's website. Webjet booking terms and conditions apply. You can also earn additional 0.5 NAB Rewards Points per $1 spent at eligible grocery stores (an eligible grocery store is a merchant whose MCC is designated as 5411 Grocery Stores and there are exclusions including purchases made via PayPal or food delivery platforms). Other conditions apply.
  • NAB Rewards. You can redeem NAB Rewards Points for rewards including travel with Webjet, experiences, gift cards and retail items. You can also transfer your points to frequent flyer programs, with 3 NAB Rewards Points equal to 1.5 Velocity Points, 1 KrisFlyer Mile, 1 Asia Mile or $0.015 Airpoints Dollars. NAB Rewards is also one of the few credit card rewards programs to offer point transfers to Flybuys with an equal transfer rate, and to the Accor Live Limitless (ALL) loyalty program with 3,000 NAB Rewards Points equal to 500 ALL Reward Points.
  • Accor Live Limitless benefits. If you choose to auto-redeem your NAB Rewards points for ALL Reward Points with this card, you can get fast-tracked to ALL Silver status after an eligible 1-night stay each year, instead of the usual 10-night requirement. Silver status benefits include a welcome drink and late check-out. As a NAB Rewards member, you'll also get 10% of the flexible rate for selected room types at participating hotels for bookings made through the link on the NAB Rewards website.
  • Balance transfer offer. This card offers a balance transfer rate of 0% p.a. for the first 12 months when you apply online during the promotional period. A one-time balance transfer fee of 3% applies. At the end of the introductory period, any remaining balance from your transfer will attract the variable cash advance rate.
  • NAB Concierge. Your 24/7 concierge service can help you with tasks such as travel planning and bookings, entertainment tickets, flower deliveries and restaurant recommendations and bookings.
  • Visa benefits. The NAB Rewards Platinum Card offers contactless payments via Visa payWave, exclusive ticket and experience offers through Visa Offers + Perks, and extra security online through Visa Secure. As a platinum card, you also gain access to a variety of premium Visa benefits, including priority access to pre-released tickets through Visa Front Line.
  • Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay or Garmin Pay to make contactless payments using your qualifying device at the checkout.

  Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $195 p.a.
  • Purchase rate. A 20.99% p.a. variable interest rate applies to purchases made on this card.
  • Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
  • Cash advance rate. The variable rate for cash advance transactions is 21.74% p.a.
  • Cash advance fee. If you use the NAB Rewards Platinum Card to withdraw cash or for another type of cash equivalent transaction, you'll pay a fee of 3% or $3, whichever is greater.
  • Credit limits. This card has a minimum credit limit of $6,000 and a maximum credit limit of $30,000.
  • International transaction fee. When you use this card for foreign currency transactions (such as shopping overseas or online with an international merchant), a fee worth 3% of the total Australian dollar amount applies.
  1. NAB Rewards Platinum Card information PDF
  2. NAB Rewards Platinum Card TMD

  Your reviews

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  HOW MUCH YEARLY INCOME IS REQUIRED FOR A NAB CREDIT CARD WITH 60000 TO 100000 QANTAS FREQUENT FLYER POINTS

  Thanks for getting in touch!

  As per the application requirements of NAB Rewards Platinum Card:

  Employment details. This includes your employer’s name and contact details, your role and the length of time you’ve worked there. You’ll also need to provide details of your salary and may be asked to submit recent payslips or bank statements.

  Regarding the amount of income required, this will be reviewed by the bank. If you wish to apply, you may ask if your income is suffice to apply for this credit card.

  Hope this clarifies!

  October 20, 2017

  I have book a flight through Nab Platinum Card for my Son who is my dependent and he is travelling alone, Is he covered if I paid his ticket through my Card.

  October 20, 2017

  Thank you for reaching out to Finder.

  Your son would have to travel with you to be covered under the complimentary travel insurance policy of your NAB Rewards Platinum Card. You may want to check the other eligibility requirements from our complete guide to NAB Complimentary Travel Insurance.

  Hi, I booked a trip overseas for myself and my wife paying with my Platinum NAB card. Are we both covered for travel insurance, and where can I get the documentation to print out?

  Please refer to the Overview of Travel and Medical Insurance Cover by NAB Rewards Card:

  You may access the benefit of this Overseas travel and medical insurance cover:

  1. if you meet the eligibility criteria; and

  2. the loss or damage occurs during the period of cover.

  1. You were ninety (90) years of age or under before the date of departure for your trip; and

  2. You (or the accompanying NAB Cardholder) had purchased on a NAB card a minimum of $500* (inclusive of taxes and other charges) of pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) prior to the commencement of the trip. The purchase must be debited to a NAB Card prior to your departure from Australia. The purchase must also have been transacted in one of the following ways: – If using your NAB Credit Card – purchases using your credit card facility directly charged by the merchant or using the linked PayPal account; or – If using your NAB Gold Visa Debit Card – purchases using your debit card either by using the physical card or by providing the debit card number when paying for your purchases or using linked PayPal account.

  Usually, QBE will respond to requests from NAB Cardholders seeking a policy number by providing a letter of eligibility which sets out: (a) the NAB Cards Insurances policy number; and (b) the eligibility criteria.

  You can go click “Go to Site” of this page. Once redirected to NAB website, look for “Important Information” and download the Product Disclosure Statement of NAB Insurance Policy to get the full details and QBE Hotline.

  Hope this helps.

  If i made an online purchase from an international seller (eg: amazon) what would the charges be?

  Thanks for your inquiry.

  There are no charges if you will be using your NAB Rewards Platinum Card when purchasing through international sellers/online stores, like Amazon. You will be informed by the seller/store if there are any fees that will include in your purchase. It should show the rundown and total of your purchase on the provided online receipt.

  If I get this NAB Platinum card, can I transfer points to Qantas Frequent Flyer points on a 1 for 1 basis?

  Thank you for your inquiry.

  NAB Rewards points are not transferable to Qantas Frequent Flyer program. However, you may redeem them for Air New Zealand’s Airpoints, Asia Miles and Velocity Frequent Flyer Points.

  You can redeem either 0.005 Airpoints Dollars or 0.33 Asia Miles or 0.5 Velocity Points for every NAB Rewards point, with a minimum transfer amount of 3,000 NAB Rewards points.

  I hope this helps.

  Show more comments

  Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full profile

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