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

NAB Rewards Store

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 enable you to boost your standing 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.

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

Qantas Rewards Store Website

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 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

DescriptionNAB RewardsQantas Rewards
Earn PointsPoints on everyday purchases with bonus points at department stores and on international purchasesPoints on everyday purchases and extra points on Qantas services
Earning LimitUncappedCapped
Convert PointsConvert points to Virgin’s Velocity Frequent Flyer, Singapore Airlines’ KrisFlyer, Asia Miles (aligned with 20-plus partner airlines), Air New Zealand’s Airpoints or FlybuysCan use Qantas points to book flights with its 30 partner airlines including Air New Zealand, American Airlines & Malaysia Airlines
Redeem PointsGift cards, cashback, retail products and travelTravel, gift cards and retail products
CostFreeFree with a NAB Qantas card, otherwise it's $99.50 per year
Potential DrawbacksCannot convert to Qantas milesGenerally lower conversion for retail gift cards and no cashback option

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 19,730 Qantas points or 19,230 NAB Rewards points to get a $100 gift card from JB Hi-Fi.

Credit Card

  • Bonus Points Offer
  • Points Per $1 Spend
  • Annual Fee
NAB Rewards Signature
NAB Rewards Signature
  • Bonus Points Offer 120,000 Rewards Points
  • Points Per $1 Spend 1.25
  • Annual Fee $295
  • Domestic & International Travel Insurance
  • Purchase Protection
  • Cashback
    Frequent Flyer Points
    Concierge Service
    Visa Premium Access
NAB Qantas Rewards Signature
NAB Qantas Rewards Signature
  • Bonus Points Offer 110,000 Qantas Points
  • Points Per $1 Spend 1
  • Annual Fee $395
  • Domestic & International Travel Insurance
  • Purchase Protection
  • Qantas Frequent Flyer
    Free Qantas Frequent Flyer membership
    Concierge Service
    Visa Premium Access
NAB Rewards Platinum
NAB Rewards Platinum
  • Bonus Points Offer 60,000 Rewards Points
  • Points Per $1 Spend 1
  • Annual Fee $195
  • Domestic & International Travel Insurance
  • Purchase Protection
  • Cashback
    Frequent Flyer Points
    Concierge Service
    Visa Premium Access
NAB Qantas Rewards Premium
NAB Qantas Rewards Premium
  • Bonus Points Offer 65,000 Qantas Points
  • Points Per $1 Spend 0.66
  • Annual Fee $250
  • Domestic & International Travel Insurance
  • Purchase Protection
  • Qantas Frequent Flyer
    Free Qantas Frequent Flyer membership
    Concierge Service
    Visa Premium Access

We hope you found this NAB Rewards vs NAB Qantas credit cards comparison useful. Otherwise, if you're looking for a NAB low rate, no annual fee, balance transfer then simply check their link to check out NAB's current 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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