NAB is offering 70,000 bonus Qantas Points plus a reduced annual fee of $150 for the first year ($250 p.a. ongoing) for new cardholders of the NAB Qantas Rewards Premium Card. The card also offers 0% p.a. interest on balance transfers for 12 months (3% BT fee applies) and earns Qantas Points on spend.

The bonus is available to new NAB cardholders only and requires a minimum spend of $2,000 within the first 60 days from account opening.

Another card worth checking out in NAB’s Qantas Rewards card range is the Qantas Rewards Signature which has a minimum card limit of $15,000.

How you could use the bonus points from this card

All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.

Disclaimer: These are example redemptions only and due to COVID-19 travel restrictions, some of these routes may not be currently available.

Digging into the details of the NAB Qantas Rewards Premium Card

The NAB Qantas Rewards Premium Card is the mid-tier card in the lineup and offers similar features to the Signature card but with a lower earn rate and points cap.

Card Details

CardNAB Qantas Rewards Premium Card
Loyalty programQantas Frequent Flyer
Points earned from spend1 point per $1.50 up to $3,000 per statement period
1 points per $3 from $3,001 to $6,000 statement period
Points earned with QantasAdditional 1 Qantas Point earned per $ spent on selected eligible Qantas products and services
Points Cap$6,000 per month
Earns points at ATONo
Insurance includedAccess up to six complimentary insurances including International Travel Insurance and Purchase Protection (PDS)
Overseas transaction fee3% of the converted amount
Mobile walletApple Pay, Google Pay
Annual fee$250 p.a. ongoing

This card earns 1 Qantas Point per $1.50 on spend up to $3,000 per statement period and 1 Qantas Point per $3 from $3,001 to $6,000 per statement period. An additional bonus Qantas Point is earned per dollar spent on Qantas products and services, such as flights and Qantas Club membership.


You will get access to a range of insurances with the Premium Card4, which are included below. 

  • International Travel Insurance
  • Interstate Flight Inconvenience Insurance
  • Transit Accident Insurance
  • Rental Vehicle Excess in Australia Insurance
  • Purchase Protection Insurance
  • Extended Warranty Insurance

Full PDS for the above insurance can be found here.

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

Apple Pay + Google Pay support with NAB

NAB cards support Apple Pay, Google Pay & Samsung Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.

NAB Apple Pay - Point Hacks

Summing up

The NAB Qantas Rewards Premium Card will suit those looking to earn decent bonus Qantas Points without the higher annual fee and additional benefits of the Signature card.

With 70,000 bonus Qantas Points, this could get you from Sydney to New Zealand… so why not take that break you’ve been longing for.

If you are looking for a higher Qantas Point earning card, the NAB Qantas Rewards Signature card might be worth a look.

70,000 bonus Qantas Points plus a reduced first year annual fee with the NAB Qantas Rewards Premium Card was last modified: June 13th, 2023 by Daniel Sciberras