Nab Qantas Rewards Premium – How to Apply

By Marcos • 09/05/2025

This credit card is perfect for those who want many benefits and enjoy all related advantages.

The NAB Qantas Rewards Premium Credit Card is a travel-centric product that turns your everyday expenses into rewards with Australia’s flagship airline.

For those invested in maximizing travel opportunities, this card bridges the gap between spending and flying, offering consistent point-earning potential and luxury benefits without requiring a change in spending behavior.

Unlike many travel cards that scatter benefits across multiple programs, this one maintains a focused relationship with the Qantas Frequent Flyer system.

]That makes it a strategic tool for those who frequently fly with Qantas or its partner airlines. The real strength of the card lies in its simplicity: spend normally, earn points, enjoy better travel.

It’s also ideal for users who want to simplify how they earn and redeem rewards. With no need for complex spending categories or rotating offers, this card gives you steady rewards for consistent usage.

And with lounge access and travel insurance built in, your travel prep becomes less stressful and more luxurious.

What also makes this card appealing is its built-in value beyond just points. With travel insurance, lounge access, and premium support, it offers comfort and coverage to match the needs of modern travelers.

How does the NAB Qantas Rewards Premium work?

When you make eligible purchases with the card, you earn Qantas Points at a standard rate of 1 point per $1.50. 

There’s also the chance to earn up to 1 bonus point per dollar when spending directly with Qantas, which boosts your total points faster. The points cap kicks in after $3,000 of monthly spending, but for most cardholders, this still offers plenty of rewards potential.

The card also comes with two Qantas Club Lounge passes per year—perfect for those who value a quiet place to relax at the airport. Complimentary international travel insurance is triggered when you use the card to book your trip, covering medical expenses, lost luggage, and more.

One of the more premium features is the concierge service. From booking restaurants to helping with last-minute tickets, this adds a lifestyle upgrade that extends beyond travel. And since the card is supported by NAB’s mobile app and online banking, tracking your balance and points is effortless.

Main benefits for the NAB Qantas Rewards Premium

One of the key strengths is how seamlessly it integrates into the Qantas ecosystem. Every purchase takes you closer to a reward flight, upgrade, or luxury gift from the Qantas Store. You don’t need to worry about quarterly categories or complex points structures—just use the card consistently and watch your points grow.

Its travel insurance adds real-world value. Whether you’re booking a family vacation or a quick business trip, having insurance included gives confidence and saves money. This is especially appealing in today’s world, where travel disruptions are common.

Add to that the Qantas Lounge access, and you’ve got a travel tool that feels first-class even before you step onto the plane. Combined with the NAB brand’s reliability, the overall experience is smooth and secure.

Cons for the NAB Qantas Rewards Premium

Despite the perks, the card isn’t for everyone. The annual fee of $250 may deter users who don’t travel enough to justify the cost. If you’re not fully utilizing the lounge passes or travel insurance, the return on investment could fall short.

Another downside is the points cap. After $3,000 in monthly spending, the earn rate slows down considerably. For big spenders, that could be a limitation, especially if they’re relying on rewards as part of their travel strategy.

Lastly, it’s worth noting that the rewards are limited to Qantas. If you prefer flexibility in choosing airlines or want a cash-back option, you may find this card too narrow in its reward structure.

APR and Fees

The NAB Qantas Rewards Premium charges a standard purchase interest rate of 19.99% p.a., with cash advances at 21.74% p.a. While the APR is competitive within the premium card market, it still emphasizes the importance of paying off your balance each month to avoid interest accumulation.

There’s also a $250 annual fee, which helps support the premium features but might feel high for low-usage customers. Additional fees may apply for late payments or overseas transactions, so cardholders should review the fee schedule carefully before applying.

How to Apply for the NAB Qantas Rewards Premium Credit Card

• Upon approval, receive your card and start earning Qantas Points right away
• Go to the NAB official website
  
• Navigate to the Qantas Rewards Premium Credit Card section
  
• Click on “Apply now”
  
• Complete the online form with your personal, financial, and employment details
  
• Submit your application and wait for a response, often within minutes