The NAB Rewards Platinum Credit Card offers rewards and benefits that can enhance your spending experience. With the opportunity to earn up to 100,000 bonus points upon signup, this card is designed for those who want to maximize their rewards while enjoying premium features.
Whether you are a frequent traveler or someone who enjoys shopping, the NAB Rewards Platinum card can provide significant value through its flexible rewards program, complimentary insurances, and various redemption options.
Reason to Opt for NAB Rewards Platinum Credit Card
Attractive Bonus Points
The NAB Rewards Platinum Card currently offers up to 100,000 bonus NAB Rewards Points, which can be earned by spending $1,000 within the first 60 days of account opening. This includes 80,000 points immediately after meeting the spend requirement and an additional 20,000 points after the first year.
Flexible Rewards Program
With this card, you earn 1 point for every $1 spent on everyday purchases, and 1.5 points for every $1 spent at eligible grocery stores. Online purchases through Webjet can earn you double points, making it a great option for frequent travelers or online shoppers.
Complimentary Insurances
The card comes with six complimentary insurances, including travel insurance and purchase protection, providing added security for your purchases and travels. This feature alone can save you money and offer peace of mind.
No Points Cap
There is no cap on the points you can earn, and points do not expire, allowing you to accumulate rewards at your own pace.
Additional Benefits
The NAB Rewards Platinum Credit Card also includes access to a concierge service and various redemption options, from gift cards to travel bookings, making it a versatile choice for cardholders.
Pros and Cons of NAB Rewards Platinum Credit Card
| Pros | Cons |
|---|---|
| Up to 100,000 bonus points | $195 annual fee ($95 in the first year) |
| Earn 1.5 points at eligible grocery stores | Higher interest rates compared to other cards |
| Complimentary travel and purchase insurance | Limited to NAB Rewards program for redemptions |
| No cap on points earned | Minimum credit limit of $6,000 |
| Flexible redemption options | Not suitable for those who prefer Qantas points |
Fees and Interest of NAB Rewards Platinum Credit Card
| Fee Type | Amount |
|---|---|
| Annual Fee | $195 p.a. ($95 first year) |
| Variable Purchase Rate | 20.99% p.a. |
| Cash Advance Rate | 21.74% p.a. |
| Balance Transfer Rate | 0% p.a. for 12 months (3% BT fee) |
| Overseas Transaction Fee | 3% of the converted amount |
How to Apply for a NAB Rewards Platinum Credit Card?
To apply for the NAB Rewards Platinum Card, you must meet the following criteria and follow the given steps to apply:
Eligibility Criteria
- Be at least 18 years old
- Be a permanent resident of Australia
- Have a minimum annual income of $30,000
- Have a good credit history
Application Steps
- Gather Documentation: Collect necessary documents such as identification, proof of income, and financial statements.
- Visit the NAB Website: Go to the NAB website and navigate to the credit cards section.
- Select the Card: Choose the NAB Rewards Platinum Card from the list of options.
- Complete the Application Form: Fill out the online application form with your personal and financial details.
- Submit Your Application: Review your application and submit it for processing.
- Receive Approval: Wait for a response, which typically takes around 60 seconds for online applications.
- Activate Your Card: Once approved, you will receive your card in the mail. Follow the instructions to activate it.
Conclusion
The NAB Rewards Platinum Credit Card offers a wealth of benefits that can enhance your spending experience, particularly for those who value rewards and travel perks. With its attractive bonus points offer and flexible redemption options, it stands out as a strong contender in the rewards credit card market.