Offers up to 100,000 bonus NAB Rewards Points and a discounted $45 annual fee in the first year, which goes to $195 after that.
The NAB Rewards Platinum card is ideal for cardholders who enjoy earning rewards for their spending and prefer the flexibility of bank reward points. Currently, you can earn 80,000 bonus NAB Rewards Points when you apply and spend at least $1,000 on everyday purchases within the first 60 days of opening your account. Plus, you can earn an additional 20,000 points if you keep your card open for over 12 months. If you collect the full 100,000 bonus points, you'll have enough for $480 worth of gift cards or the option to transfer them for 50,000 Velocity Points for frequent flyer rewards.
The NAB Rewards program also allows point transfers to Cathay Pacific (Asia Miles), Singapore Airlines KrisFlyer, Air New Zealand Airpoints, Accor Live Limitless, and Flybuys. Like many other credit card reward programs, you can redeem points for retail items or donate to charitable causes. While the discounted $45 annual fee in the first year offers short-term savings, keep in mind that the ongoing $195 annual fee applies from the second year onwards, which you'll need to pay before you can earn the final 20,000 bonus points with this card.
Pros | Cons |
|---|---|
Up to 100,000 bonus points | You need to keep the card for at least 12 months to collect all the bonus points, which means you’ll have to pay the second year annual fee |
Discounted $45 first-year annual fee | 3% international transaction fee |
Earn additional 0.5 NAB Rewards Points per $1 spent at eligible grocery stores | Balance transfer offer has a 3% balance transfer fee |
Visa Premium Access and a 24/7 access to the NAB Platinum Concierge Services | |
0% p.a. interest rate on balance transfers for 12 months |
The NAB Rewards Platinum Credit Card includes a 24/7 concierge service that can assist with travel planning, entertainment bookings, gift purchases, and more, helping you save time. Additionally, when using this card, you can enjoy up to 44 interest-free days on purchases, provided you pay the full amount on your statement by the due date. If you don’t, the card’s variable purchase rate of 20.99% p.a. will apply.
Details of NAB Rewards Platinum Card
Product Name | NAB Rewards Platinum Card |
Balance transfer rate p.a. | 0% for 12 months with 3% balance transfer fee, then 21.74% |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | Purchase rate p.a. 20.99% |
Interest-free period | Up to 44 days on purchases |
Cash advance rate p.a. | 21.74% |
Min credit limit | $6,000 |
Max credit limit | $30,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Rewards program | NAB Rewards |
Bonus points | 100,000 |
Rewards points per $ spent | 1 |
Fee
Annual fee | Annual fee $45 first year ($195 after) |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
How to Apply
You can apply for the NAB Rewards Platinum card online in approximately 15 minutes and receive a response within 60 seconds. Before you begin, ensure you meet the eligibility criteria and have all the necessary documents ready to complete the application.
Eligibility Criteria
New Customer: The bonus points offer is exclusively available to new NAB customers, meaning you must not hold or have held a NAB Rewards card in the last 18 months.
Residency: To apply, you need to be an Australian citizen or permanent resident. If you're not, you must hold an eligible visa. While many visas are accepted, the following are not: Visitor Visa (except Special Category Visa - NZ Citizen), Working Holiday, Student, Exchange/Gap Year, Transit/Short Stay/Seasonal, and Bridging visas.
Eligible Balance Transfer Debt: You can transfer up to 90% of your approved credit limit from non-NAB accounts.
Age Requirement: You must be at least 18 years old to apply.
Required documents
Personal Information: You'll need to provide your full name, date of birth, marital status, residential address, email address, and contact number. Additionally, identification such as your driver’s license number will be required.
Employment: This section covers your employer’s name and contact details, your job title, and the duration of your employment. You’ll also need to disclose your salary, and you may be asked to provide recent payslips or bank statements to verify these details.
Finances: Besides your income, you’ll need to share details of any assets you hold, such as savings, shares, or investments. You’ll also need to provide information about any existing credit cards, loans, or other debts, along with your ongoing financial obligations, like groceries and fuel expenses.
Balance Transfer Details: If you're planning a balance transfer, you'll need to specify the amount you intend to transfer and provide the details of your previous account(s).
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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