NAB Qantas Rewards Premium Card
Churn value: $287 in flights.
You pay $295 in first-year fees.Spend $4,000 in 90 days.You get 27,000 Qantas points, worth about $432 in flights.
The recorded minimum requirements are that you can take a credit limit of at least $3,000. Meeting them does not guarantee approval.
It is only worth it if you pay in full each month and close the card before the next $295 fee.
From Sydney, that is 1 return trip to Melbourne in Economy, or 8% of a return trip to London in Business. It depends where you fly. See what the points buy ↓
Available
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
Bonus points are not available to customers who currently hold, or have held, any personal NAB Qantas Rewards Credit Card in the last 36 months. The wait is 36 months, from the last date you held one of these cards. If you hold one now, you cannot get this bonus.
See the waiting rules for every Australian bank →What must I spend?
$4,000 within 90 days — about $1,333 per month.
Can I get the card?
The minimum credit limit is $3,000. This is the least the bank may let you borrow.
I do not have a minimum income for this card.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do the points buy?
It depends where you fly. From Sydney, 27,000 Qantas points buys:
| Trip | Points for 1 return trip | You can book |
|---|---|---|
| Sydney → Melbourne, Economy | 18,400 | 1 return trip |
| Sydney → Bali, Economy | 46,600 | 1 one-way trip (not a return trip) |
| Sydney → Singapore, Economy | 58,000 | Not yet — 46% of a return trip |
| Sydney → London, Business | 332,600 | Not yet — 8% of a return trip |
Prices are Qantas Classic Flight Rewards for 1 person, if a reward seat is free. Airport taxes and fees are extra cash on top. Pick your own start city and trip below.
Sydney to London in Business (166,300 points)
Tap the trip above to pick your start city, where you want to go, and a seat class.
16% of one way trip
Sydney to London (Business): One way flight is 166,300 Qantas points.
With 27,000 points = 0 return trip with 27,000 points remaining.
If you spend another $278,600 on the card, you can add another one way trip, zeroing out your point balance for this card.
This card has a second year bonus of 15,000 and an annual fee of $295.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $4,000 in 90 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for flights. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $295 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $295 each year ($295 annual fee) — the first year was $295.
The year-two bonus is 15,000 Qantas points.
Ongoing earn: 0.50x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $295/yr.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn Qantas Points on everyday purchases (1 point per $1.50 on first $3,000, then 1 point per $3 to $6,000 per statement); free Qantas Frequent Flyer membership with joining fee waived (saving $99.50); plus 1 bonus point per $1 on eligible Qantas services
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Earn Qantas Points on everyday purchases (1 point per $1.50 on first $3,000, then 1 point per $3 to $6,000 per statement); free Qantas Frequent Flyer membership with joining fee waived (saving $99.50); plus 1 bonus point per $1 on eligible Qantas services
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Complimentary purchase protection insurance
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Complimentary purchase protection insurance
- Extended Warranty Insurance Compare across cards →Complimentary extended warranty insurance
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Complimentary extended warranty insurance
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary international and domestic travel insurance underwritten by Allianz; subject to the NAB Card Insurance Policy Information Booklet
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Complimentary international and domestic travel insurance underwritten by Allianz; subject to the NAB Card Insurance Policy Information Booklet
- Rental Vehicle Insurance Compare across cards →Complimentary rental vehicle excess in Australia insurance
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Complimentary rental vehicle excess in Australia insurance
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Shopping Benefits Compare across cards →Visa Premium Access provides deals, discounts and privileges
These amounts are not included in the bonus calculation.
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Visa Premium Access provides deals, discounts and privileges
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →NAB Concierge Service available 24 hours a day, 7 days a week for travel and lifestyle services; call 1300 730 213
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NAB Concierge Service available 24 hours a day, 7 days a week for travel and lifestyle services; call 1300 730 213
- No Additional Cardholder Fee Compare across cards →Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
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Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
- Digital Card Issuance Compare across cards →Digital card available for immediate use once approved, before the physical card arrives
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Digital card available for immediate use once approved, before the physical card arrives
- Interest Free Periods Compare across cards →Up to 44 interest-free days on purchases when the account is paid in full by the due date each month
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Up to 44 interest-free days on purchases when the account is paid in full by the due date each month
- Balance Transfer Offers Compare across cards →0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
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0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
27,000 Qantas points at 1.6¢ a point − $295 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer is open now (terms from 11 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
Terms and evidence
Full current terms
Offer terms
First Year Points
25,000 points
Qantas
Second Year Points
15,000 points
With $295 annual fee
Minimum Spend
$4,000
within 90 days (about 3 months)
Cash Bonus
Ongoing Earn Rate
0.50x points per $1 spent
Fees
First Year Annual Fee
$295
Ongoing Annual Fee
$295
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (5 changes)
- Travel InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Concierge ServiceUpdated May 2026
Offer terms history (9 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 11 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Bonus changed from 70K to 60K, Second Year Bonus from 0 to 10K2 years ago
- Bonus increased from 65k to 70k, first year annual fee reduced from $250 to $1504 years ago
Discussion
About the current terms (published 11 Oct 2026).
Community and personal tools
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