The NAB Qantas credit card is an easy way for you to earn Qantas Frequent Flyer rewards points as you spend. However, the ability to earn rewards points isn’t the only thing it can do. With its 4.99% p.a. offer on balance transfers for 6 months, the NAB Qantas credit card might also be a way for you to lower the interest you pay on your existing balance and save some money.

Frequent Flyer Points

As a Qantas-linked card, the NAB Qantas credit card’s most distinguished feature is the Qantas Frequent Flyer points earning potential. You’ll get two cards – an American Express NAB Qantas card offering more points per dollar and a MasterCard that rewards you less, but is accepted practically anywhere in the world.

The tiered structure of rewards is a little more complicated than usual. It’s possible to earn 1 QFF point for every dollar spent, although this rate is capped at $1,000 per month. Monthly spend between £1,000 and $3,000 is rewarded at 1 point per $2 (Amex) and 1 point per $4 (MasterCard). Any purchases above the $3,000 mark will not earn any points.

You’ll also earn bonus points on Qantas products and services purchased using your NAB Qantas credit card.

Other Rewards

As you’ll get an American Express NAB Qantas credit card as well as a MasterCard version, you’ll get access to exclusive offers and promotions via the American Express Network and Selects programs. Cardholders also get complimentary purchase protection whereby any products purchased using your NAB Qantas credit card are protected for a period of 90 days from the date of purchase against loss, theft and accidental damage (subject to terms & conditions, of course).

Lastly, you’ll get access to the NAB Cellar Selections program where you can buy Australian wines.

Pros

Earning Qantas Frequent Flyer points on everyday expenses is fantastic, but the NAB Qantas credit card offers more than that. If you have an outstanding debt, you can transfer it to your new account and take advantage of the low 4.99% p.a. offer for a period of 6 months. Additional cardholders can be added to your account at no additional cost, which makes it easier to accumulate points. You can also order from a range of your favourite stores based in the USA and UK via Globaleshop.

Don’t forget that if you aren’t already a member of the Qantas Frequent Flyer rewards program, NAB have a deal with Qantas so that the membership fee is waived.

Cons

The NAB Qantas credit card’s biggest drawback, without doubt, is how points are tiered so that the more you spend, the fewer QFF points can be earned. Worse still, any spend above $3,000 per month will not earn any points at all. If you are a big spender who will regularly spend more than $3,000 per month, then the cap will significantly reduce the number of points earned.

Eligibility

To be approved for a NAB Qantas credit card account you’ll need to be an Australian citizen of at least 18 years in age with a good credit rating. NAB will also look for a track record of a regular income.

Is This Card Right For You?

The NAB Qantas credit card is a great way to get rewarded for your normal monthly spend. It’s tiered and capped rewards mean it is more catered towards the person spending less than $3,000 per month. If you fall into that bracket and want to earn rewards as you spend, then apply for the NAB Qantas credit card to start earning QFF points.