NAB Rewards Platinum Credit Card
Earn uncapped NAB Rewards Points and enjoy complimentary travel & purchase insurance with a NAB Rewards Platinum credit card.
- Signup bonus
- Up to 80,000 bonus Velocity Points *, Receive 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) when you spend a minimum of $1,000 on eligible purchases within the first 60 days of account opening and an additional 20,000 Velocity Points (auto-converted from 40,000 NAB Rewards Points) after your second year annual fee is billed *
- Points Earned
- Earn uncapped points including 1 NAB Rewards Point earned per $1 on eligible everyday spend and 1.5 NAB Rewards Points per $1 at eligible Grocery Stores *
- Annual fee
- $95 for the first year, $195 p.a. ongoing
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Why we like the NAB Rewards Platinum Card
The NAB Rewards Platinum credit card lets you earn uncapped NAB Rewards Points on your everyday purchases. Plus, earn double points at major department and hardware stores and triple points with Webjet and on overseas transactions. These points can be redeemed for rewards such as gift cards, or transferred to Velocity, Singapore Airlines KrisFlyer, Cathay, Air New Zealand Airports or Flybuys.
You can also earn a handy sign-up bonus of Velocity points or NAB Rewards Points and get a discounted annual fee in the first year.
This card also provides six complimentary insurances including international travel insurance, interstate flight inconvenience insurance and purchase insurances.
Key Information & How to Apply
Key facts about this card
- Card type
- Visa
- Signup bonus
- Up to 80,000 bonus Velocity Points *, Receive 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) when you spend a minimum of $1,000 on eligible purchases within the first 60 days of account opening and an additional 20,000 Velocity Points (auto-converted from 40,000 NAB Rewards Points) after your second year annual fee is billed *
- Annual fee
- $95 for the first year, $195 p.a. ongoing
- Interest rate
- 20.99% p.a
- Interest-free days
- Up to 44 days
- Minimum monthly repayment
- 2% of outstanding balance or $25, whichever is higher
- Minimum credit limit
- $6000
- International transaction fee
- 3%
To apply for this card, you will need
- To be an Australian citizen, resident or long-term visa holder aged 18 or over
- No history of bad debt or payment default
- Your Australian driver’s licence number and proof of income
- 10-15 minutes to complete your application
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Contents
Sign-up bonus
Apply for a NAB Rewards Platinum credit card by 31 July 2024 to earn up to 80,000 Virgin Australia Velocity points, when you opt-in to Velocity automatic redemption.
The bonus points are allocated over two years. You’ll receive 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) after you spend $1,000 within 60 days of opening your card. You’ll get an additional 20,000 Velocity Points (auto-converted from 20,000 NAB Rewards Points) when renewing your card for a second year.
To give you an idea of the value of those points, you could book a return Virgin Australia Business Class flight from Brisbane to Sydney for 31,000 Velocity points plus around $79 in taxes & charges. So, with this offer, you could book a round-trip Virgin Australia Business Class flight for two people.
Alternatively, if you choose not to opt-in to Velocity automatic redemption, you could earn up to 100,000 bonus NAB Rewards Points! That’s equal to 50,000 Velocity Points, 33,333 Singapore Airlines KrisFlyer miles, 33,333 Cathay Asia Miles, $500 worth of Flybuys dollars or $480 worth of gift cards.
To learn more about converting NAB Rewards Points into other loyalty programs, see our Credit Card Points Transfer Assistant.
The sign-up bonus points are not available if you have participated in a NAB Rewards bonus points offer for a new personal NAB Rewards credit card or NAB home loan in the past 18 months.
Complimentary travel & other insurances
The NAB Rewards Platinum credit card comes with complimentary international travel insurance. This 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 Rewards Platinum card, you’ll earn 1 NAB Rewards Points per $1 spent on everyday transactions (excluding government payments and gambling transactions). That’s effectively 0.5 Velocity points or 0.33 KrisFlyer miles per dollar spent.
There is no monthly or annual point-earning cap. You can earn an unlimited number of points at the full rate.
Plus, you can earn bonus points on certain types of transactions! You’ll earn double points (that’s 2 NAB Rewards Points per dollar spent) with Webjet. You can also earn 1.5x points at eligible grocery stores.
Beware that NAB Rewards Points expire after 3 years. You can redeem them or transfer them out to a frequent flyer program such as Virgin Australia Velocity before the points expire, so that you don’t lose them.
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 NAB Rewards 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 NAB Rewards Points
NAB Rewards Points can be converted to points or miles in six other loyalty programs, with a minimum transfer of 3,000 NAB Rewards Points at a time. Here’s the full list of transfer partners:
| Transfer partners | 1 NAB Rewards Point equals… |
|---|---|
| Accor ALL | 0.17 ALL points |
| Air New Zealand Airpoints | 0.005 Airpoints Dollars |
| Cathay (Asia Miles) | 0.33 miles |
| Flybuys | 1 point |
| Singapore Airlines KrisFlyer | 0.33 miles |
| Virgin Australia Velocity | 0.5 points |
If you opt-in to Velocity automatic redemption, your NAB Rewards points will be transferred at a 2:1 rate into your Velocity Frequent Flyer account each week.
See our Overview of NAB Rewards Transfer Partners for more information.
Alternatively, you could redeem your points through the NAB Rewards program for rewards including:
- Gift cards
- Cashback
- Retail products
- Donations
- DragonPass airport lounge passes
- Payment towards Webjet travel bookings
Note that according to the NAB Rewards terms & conditions, NAB can change the number of points required to redeem a reward “at any time and without prior notice”.
NAB Rewards Points cannot be converted into Qantas Frequent Flyer points. If you’d like to earn Qantas points, the NAB Qantas Rewards Premium card may be more suitable. Alternatively, you can view our guide to the best Qantas credit card offers, or browse other credit cards in Australia.
Summary
Pros
- Earn uncapped NAB Rewards Points, which you can transfer to 5 frequent flyer & loyalty programs
- Earn bonus points with major department and hardware stores, Webjet and when shopping overseas
- Complimentary travel insurance
- Compatible with Apple Pay & Google Pay
- Reduced annual fee in the first year
Cons
- International transaction fees apply
- NAB Rewards Points expire
- Lower NAB Rewards Points earn rate than the NAB Rewards Signature card
- High interest rate (this could be a problem if you don’t think you’ll be able to repay your balance in full each month)
- Signup bonus
- Up to 80,000 bonus Velocity Points *, Receive 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) when you spend a minimum of $1,000 on eligible purchases within the first 60 days of account opening and an additional 20,000 Velocity Points (auto-converted from 40,000 NAB Rewards Points) after your second year annual fee is billed *
- Points Earned
- Earn uncapped points including 1 NAB Rewards Point earned per $1 on eligible everyday spend and 1.5 NAB Rewards Points per $1 at eligible Grocery Stores *
- Annual fee
- $95 for the first year, $195 p.a. ongoing
Australian Frequent Flyer is currently not accepting applications for this card offer.
Get notified when it’s live.
Frequently Asked Questions (FAQs)
To apply for a NAB Qantas Rewards Platinum credit card, you would need to be an Australian or New Zealand citizen, an Australian Permanent Resident or a non-resident holding an acceptable Temporary Residency Visa, aged 18 or over, and receive a regular income. Other criteria may apply.
The minimum credit limit is $6,000.
No, but you can redeem NAB Rewards Points for DragonPass airport lounge passes.
Yes, but you will not earn any points if you use a personal NAB credit card to pay the ATO or other government bodies directly. If you would like to earn points when paying tax using your credit card, you could use a bill payment service such as pay.com.au or consider a NAB business credit card.
Yes, receive 24/7 access to the NAB Concierge Service for assistance with travel and lifestyle services.
Yes, NAB Rewards Points expire three years after they are earned if unredeemed.
You can transfer NAB Rewards Points to Flybuys, Velocity Frequent Flyer, KrisFlyer, Cathay, Airpoints and Accor Live Limitless (ALL). A minimum amount of 3,000 NAB Rewards Points applies per transfer.
Yes, this card supports Apple Pay and Google Pay.
Yes, you can add one additional cardholder at no extra cost. The supplementary cardholder must be at least 16 years old.