NAB rewards Rewards Premium Card bonus 40k points

There are quite a few good offers at this time of the year. Time to get your bonus points for your flights!

This popped up yesterday and I signed up immediately.

NAB Qantas Rewards Premium Card – bonus 40k points after eligible spend.

What’s the earn rate?

For the top 4 banks, it’s probably not the best earn rate compared to ANZ, CBA, Westpac. But it’s AMEX earn rate is the same as the others. The VISA points is a bit disappointing as you can see below.

AMEX – $1 to 1.5 Qantas points

VISA – $1 to 0.5 Qantas points.

What’s good about it?

  • 40000k free points once approved
  • comparable amex earn rate
  • 7 Complimentary insurances (Travel, extended warranty, purchase protection etc)
  • $0 annual fee for the first year. Usually $250.
  • Free supplementary card
  • 44 days interest free if you pay your bill on time.
  • Just need eligible spend to get 40k points. Doesn’t say you need to spend a certain amount.

Hard to apply?

  • You must apply online to get the offer
  • Should get immediate response
  • Should take 10 mins or so

Bottom line

  • Might only need to use it once or a few times and wait for the bonus points
  • Free 40k points – winner
  • not as good as the top bank cards which includes lounge passes etc. But for free, can’t complain.
  • You should all apply!

 

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