NAB Qantas Rewards Premium Card

Why we like the NAB Qantas Rewards Premium Card

If you’re looking for a simple credit card that earns Qantas Points, the NAB Qantas Rewards Premium credit card could be for you. You’ll earn 1 Qantas Point per $1.5 spent up to $3,000 per month, then 1 Qantas Point per $3 spent up to $6,000, plus 1 bonus point per $1 on eligible Qantas services.

This card also comes with 5 different insurances including international travel insurance and Rental Vehicle Excess Insurance in Australia until 15 May 2026.

Although this card earns fewer Qantas Points than the NAB Qantas Rewards Signature card, it also has a lower annual fee.

Sign-up bonus

Apply for a NAB Qantas Rewards Premium card to earn up to 100,000 bonus Qantas Points!

The signup bonus is split into two parts, with the first 60,000 Qantas Points to be received after spending $3,000 or more in the first 90 days from approval and an additional 40,000 Qantas Points when you keep your card open for over 12 months. The card comes with a $295 annual fee.¹

This offer does not have a fixed expiry date but may be changed or withdrawn at any time. This offer is not available to customers who hold, or have held, any personal NAB Qantas Rewards Credit Card in the last 24 months or in conjunction with any other offer.

What you could do with Qantas Points

See our guide to redeeming Qantas points effectively for more information on how you can use your Qantas Points, including for rewards like flights and upgrades.

As an example, it would cost 68,400 Qantas Points + ~$315 in taxes & carrier charges to book a one-way Qantas Business Class trip from Melbourne to Jakarta!

Complimentary travel & other insurances

The NAB Qantas Rewards Premium card comes with complimentary international travel insurance. This insurance is underwritten by Allianz and is available when you charge at least $500 worth of prepaid travel costs to your card. Other eligibility criteria apply, including an age limit of 80, which you can review on the NAB Card Insurance eligibility online portal.

Other types of insurance offered with this card include:

• Interstate flight inconvenience insurance
• Rental vehicle excess insurance (within Australia)
• Transit accident insurance
• Purchase protection insurance
• Extended warranty insurance

Before using this insurance, we’d encourage you to read the PDS here.

Earning points

With the NAB Qantas Rewards Premium credit card, you’ll earn 1 Qantas Point per $1.50 spent on eligible transactions (excluding government payments), up to the first $3,000 spent per month. That’s equivalent to 0.67 Qantas Points per dollar spent.

On everyday spend between $3,001-$6,000, you’ll earn 1 Qantas Points per $3 spent – equivalent to 0.33 Qantas Points per dollar. However, no Qantas Points are earned on amounts spent over $6,000 during any monthly statement period.

You’ll earn an additional 1 Qantas Point per dollar spent on Qantas services, including for flights, Qantas Club membership, Qantas Rewards Store purchases and Qantas Wine purchases.

Points earned from this card will be deposited into your Qantas Frequent Flyer account after the end of each month. Qantas Points expire if there is no activity in your Qantas Frequent Flyer account for 18 months, but your account will remain active if you’re earning points each month through your credit card.

Of course, the Qantas Points you earn from this card also count towards Qantas Points Club membership!

Earning points for ATO & government payments

This card does not give points for payments made directly to the Australian Tax Office (ATO) or other government bodies.

However, you can use a payment service such as pay.com.au to pay tax and other bills with this card and still earn Qantas Points at the full rate!

If you’d like a credit card that earns points on ATO payments, you could also consider a NAB business credit card.

Using Qantas Points

You can use your Qantas Frequent Flyer Points towards a wide range of rewards including reward flights, upgrades, wine, hotel bookings, car rentals and Qantas Rewards Store purchases.

Classic Rewards

Arguably, the best value ways to spend Qantas Points are on Classic Upgrade Rewards and Classic Flight Rewards. You can request an upgrade with Qantas Points on any Qantas operated and marketed flight, or book a Classic Flight Reward seat with Qantas or any of its many partner airlines.

Qantas Classic Flight Rewards start at 5,700 Qantas Points + taxes & carrier charges for flights in Jetstar Economy Class or 9,200 Qantas Points + taxes & carrier charges for a Qantas Economy Class flight of up to 600 miles (e.g. on the Melbourne-Sydney route).

It costs 43,800 Qantas Points + $45 for a one-way Qantas Business Class flight from Sydney to Perth.

Partner airlines

You can also redeem Qantas Points to book Classic Flight Reward seats on Qantas’ many partner airlines, subject to availability. This includes the following Oneworld alliance member airlines:

Qantas’ other partner airlines include Emirates, El Al, Air France, KLM, WestJet, LATAM Airlines and China Airlines.

You can check the number of Qantas Points needed on any route for an upgrade or reward flight on the Qantas website.

Classic Flight Reward bookings can be excellent value – especially if you’re booking a seat in Premium Economy, Business or First Class. However, beware that reward seat availability is limited. It can be difficult to find seats on popular routes and peak travel dates, especially if you’re searching for multiple seats.

When redeeming Qantas Points for a Classic Flight Reward redemption, you’ll need to pay any applicable taxes & carrier charges in addition to the points. On some airlines, such as Emirates, these carrier charges can be quite expensive. However, other Qantas partner airlines have relatively low or no carrier charges including Fiji Airways, American Airlines, Alaska Airlines, LATAM Airlines, China Airlines and Air New Zealand.

For more details on redeeming Qantas Points, see our Overview of Qantas Frequent Flyer Redemptions.

Summary

Frequently Asked Questions (FAQs)

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