As one of the Big 4 banks in Australia, it’s no surprise that National Australia Bank has its own NAB Rewards and NAB Qantas credit cards for customers to choose from. If you’re in the market for your first rewards card or an additional one or simply want to switch to a better deal for your needs, we’ve compiled the lowdown on the bank’s Rewards and Qantas credit cards.
Before you check out the options, it pays to know that all of the credit cards below benefit from four key NAB benefits:
✓ Fraud protection and online security
✓ 24/7 emergency assistance if your card ever gets stolen or is list
✓ 90 Days purchase protection
✓ Digital Wallet Pay, so you can tap and pay with smartphones and wearable devices without needing to carry your card on you at all times
✓ Access to the Visa Entertainment program, providing cardholders with special offers on movies, shows, events, and other experiences.
NAB Rewards Program
Source: NAB Rewards Store Website
Do you love spending money on your credit card and knowing you’re earning rewards points for every dollar outlaid? If so, you might like one of the two cards in the NAB Rewards range.
More ways to earn extra points
With these cards, you earn points on the purchases you make (there’s no cap, happily). Buy goods at major department stores such as Myer and Big W and you’ll get extra points, too. The same goes for overseas purchases online or in-store.
Redeem points for a wide variety of things
Redeem your points on all sorts of items in the NAB Rewards Store. Trade points in for gift cards at top retailers, or cosmetics, fashion, accessories, tech gear (including products from Apple, Bose, and Samsung), and top homewares items (including appliances from Nespresso, Dyson, Breville, and KitchenAid).
Alternatively, you might choose to redeem points for charity donations or for cashback/banking rewards, where you can use points to top up your NAB bank account, among other things.
Convert your points to flyer miles
You can also boost your travel-based frequent flyer and rewards program balances. The NAB Rewards cards enables you to convert its rewards points into frequent flyer points with programs such as Virgin’s Velocity Frequent Flyer, Singapore Airlines’ KrisFlyer, Asia Miles (aligned with 20-plus partner airlines), and Air New Zealand’s Airpoints. If you’re saving up points for something special with the Aussie Flybuys program, note that you can also redeem NAB Rewards points for Flybuys points.
*NAB Reward points cannot be directly converted into Qantas points.
Potential drawbacks
If you fly mainly with Qantas, you’re likely to get more bang for your buck by choosing a specific Qantas program credit card rather than the bank’s general Rewards cards.
NAB Qantas Rewards
Source: Qantas Frequent Flyer Reward Points Store
Earn bonus points with Qantas
If you’re more interested in earning Qantas points when you buy goods and services with your credit card, you might prefer one of the two Qantas Rewards card options from NAB.
Redeem points with Qantas and partners
When you’re ready to redeem the rewards points you build up, you can swap them out for Qantas offerings such as award flights and products and vouchers from the Qantas store. As such, these credit cards are handy options for anyone who flies a lot or who wishes to travel more frequently in the future.
Get free Qantas Flyer membership
If you’re not yet a member of the Qantas frequent flyer membership, join up for free once you have your NAB Qantas credit card, saving almost $100.
Another pro from signing up for one of these Qantas cards is getting one free additional cardholder.
Plus, keep an eye out for promotional offers for new cardholders, as you might receive a significant cache of bonus points if you time your application well.
Potenial drawbacks
As for downsides to consider, points are capped per statement period on these cards.
Also, if you often fly on airlines that aren’t included in the Qantas oneworld alliance, you miss out on points earning opportunities. You might want to have an additional card that earns points for other airlines or consider an alternative product.
NAB Rewards vs Qantas Rewards Snapshot
| Description | NAB Rewards | Qantas Rewards |
|---|---|---|
| Earn Points | Points on everyday purchases with bonus points at grocery stores and Webjet online | Points on everyday purchases and extra points on Qantas services |
| Earning Limit | Uncapped | Capped on NAB card |
| Convert Points | Convert points to Virgin’s Velocity Frequent Flyer, Singapore Airlines’ KrisFlyer, Asia Miles (aligned with 20-plus partner airlines), Air New Zealand’s Airpoints or Flybuys | Can use Qantas points to book flights with its 30 partner airlines including Air New Zealand, American Airlines & Malaysia Airlines |
| Redeem Points | Gift cards, cashback, retail products and travel | Travel, gift cards and retail products |
| Cost | Free | Free with a NAB Qantas card, otherwise it's $99.50 per year |
| Potential Drawbacks | Cannot convert to Qantas miles | Generally lower conversion for retail gift cards and no cashback option |
Redeem points comparison
| Points Reedem For | NAB Rewards Points | Qantas Points |
|---|---|---|
| $50 Gift Card - Amazon, Myer, DoorDash & more | 10,210 Reward Points | 10,950 Qantas Points |
| $50 Cashback | 12,500 Reward Points | Not available |
| Flight from Sydney to Melbourne plus taxes, fees & charges | 12,400 Reward Points (convert to 6,200 Velocity Points) | 8,000 Qantas Points |
Compare NAB Rewards & Qantas Credit Cards
Reasons to consider these cards include that users receive complimentary insurances, and regular bonus-point offers arise. At these times, new customers signing up for a card can earn thousands of bonus points to get them started.
The cons are these cards’ purchase rates and cash advance rates are relatively high, as are their annual fees.
Plus, when redeeming points, Qantas Rewards has no cashback option and you have to use a generally higher number of points to redeem gift cards. For example, it takes 20,770 Qantas points or 20,410 NAB Rewards points to get a $100 gift card from JB Hi-Fi.
Credit Card
- Bonus Points Offer
- Points Per $1 Spend
- Annual Fee
- Bonus Points Offer 110,000 NAB Rewards Points
- Points Per $1 Spend 0.5 - 1.5
- Annual Fee $420
- Bonus Points Offer 130,000 Qantas Points
- Points Per $1 Spend 1 - 2
- Annual Fee $420
- Bonus Points Offer 100,000 NAB Rewards Points
- Points Per $1 Spend 1 - 2
- Annual Fee $195
- Bonus Points Offer 100,000 Qantas Points
- Points Per $1 Spend 0.66 - 1
- Annual Fee $295
We hope you found this NAB Rewards vs NAB Qantas credit cards comparison useful. Otherwise, if you're looking for more options see all NAB credit cards for more offers.
Check out other similar articles:
Best Velocity Points Credit Cards in Australia
Best Rewards Credit Cards in Australia
Best Balance Transfer Credit Cards in Australia
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