How to Apply for your NAB Rewards Platinum Card
The NAB Rewards Platinum Card offers a versatile rewards program designed for everyday spenders and frequent travelers. With 1 point per $1 spent on most purchases and 2 NAB Rewards Points on purchases made online with Webjet via the NAB Rewards Store or on Webjet.com.au, this card gives you the flexibility to earn on every dollar you spend.
On top of this, cardholders enjoy a 0% p.a. on balance transfers for 12 months, and a range of perks like complimentary travel insurance.
Whether you’re planning a trip or just looking to get more from your daily purchases, this card is built to maximize your spending.
NAB Rewards Platinum Card Benefits
Generous Rewards Program
Earn 1 NAB Rewards Point per $1 spent on everyday purchases, 1.5 NAB Rewards Points in eligible Grocery stores, and 2 NAB Rewards Points on purchases made online with Webjet via the NAB Rewards Store or on Webjet.com.au. This rewards system makes the NAB Rewards Platinum one of the best rewards credit cards, especially for those who shop online and spend substantially on groceries.
Flexible Redemption Option
With NAB Rewards, you can redeem points for travel bookings, gift cards, and cashback. You can also convert your points to frequent flyer programs like flybys, and Velocity, making it an ideal option for those looking for the best rewards credit card.
0% Balance Transfer Offer
For those looking to consolidate debt, the NAB Rewards Platinum offers 0% p.a. on balance transfers for 12 months, providing a solid way to manage credit card debt while continuing to earn rewards.
Reduced Annual Fee
The NAB Rewards Platinum Credit Card offers a valuable reduced annual fee benefit, making it an appealing option for new cardholders. In the first year, the annual fee of $195 is reduced to just $45, providing significant savings.
This benefit allows users to enjoy the card’s rewards and exclusive services at a lower cost initially, giving them access to its perks without the full annual fee right from the start.
Travel Insurance
Cardholders are also protected with complimentary international travel insurance, including coverage for rental car excess, making this one of the top-rated credit cards for rewards and travel benefits.
Considerations
Annual Fee After Year One
While the first year’s annual fee is reduced, the $195 annual fee applies from the second year onward. However, if you regularly take advantage of the card’s rewards and perks, the value can easily offset this cost.
Balance Transfer Revert Rate
Once the 12-month balance transfer offer expires, any remaining balance will revert to the card’s higher cash advance rate of 21.74% p.a.
It’s important to plan your repayments accordingly to avoid high-interest charges.
High Purchase Interest Rate
With a purchase rate of 20.99% p.a., the card can accumulate interest quickly if you don’t pay off your balance each month.
However, if you manage to pay off your balance in full, the card’s rewards and perks make it worth considering for everyday use.
Eligibility Criteria
To apply for the NAB Rewards Platinum Card, you’ll need to meet the following criteria:
- Credit Rating: NAB looks for applicants with a good credit rating to ensure responsible borrowing. Checking your credit report beforehand can help boost your approval chances.
- Residency and Age: You must be an Australian citizen or permanent resident and at least 18 years of age to apply for the card.
Additionally, applicants will need to provide details about their employment, income, and any existing financial commitments.
If you’re transferring a balance, you’ll also need the account details of your current credit provider.
About National Australia Bank (NAB)
NAB has been a key player in Australia’s financial landscape for over 160 years, offering a wide range of products that cater to both individuals and businesses.
With a strong focus on innovation and customer service, NAB continues to deliver products that meet the evolving needs of Australians. The NAB Rewards Platinum Card is a testament to their commitment to providing value to customers through versatile rewards, travel perks, and competitive fees.
Whether you’re managing daily finances or planning your next holiday, NAB ensures you have the financial tools needed to make the most of your money.
Ideal Candidates for the NAB Rewards Platinum Card
This card is ideal for:
- Frequent Travelers: With Concierge service, international travel insurance, and the possibility to transfer points for frequent flyer and rewards programs, the NAB Rewards Platinum Card is great for those who frequently travel.
- Everyday Spenders: Earning 1 point per $1 on everyday purchases and 1.5 NAB Rewards Points in eligible Grocery stores, this card rewards you for daily expenses like groceries, dining, and bills.
- Debt Consolidators: The 0% balance transfer offer for 12 months makes it a strong option for those looking to pay down debt while continuing to earn rewards on new purchases.
- Value Seekers: The reduced annual fee in the first year and competitive rewards structure make it one of the best credit card rewards cards for those looking to maximize value from their credit card.
If you’re looking for a card that rewards you across a range of spending categories while providing excellent travel perks, the NAB Rewards Platinum Card is an ideal choice.
How to apply for the NAB Rewards Platinum Card
Applying for the NAB Rewards Platinum Card is a straightforward process:
- Visit the NAB Website: Go to the official NAB website, navigate to the “Credit Cards” section, and select the NAB Rewards Platinum Credit Card.
- Check Eligibility: Ensure you meet the requirements, such as being over 18, a permanent Australian resident, and having a good credit rating.
- Complete the Application: Fill in your personal and financial details, including employment, income, and debts. You’ll also need to provide identification (e.g., driver’s license or passport).
- Review and Submit: Double-check all details for accuracy, then submit the application. NAB typically provides an approval decision within 60 seconds for online applications.
- Approval and Card Dispatch: If approved, you’ll receive confirmation, and your card will be mailed within a few business days
- Activate and Use: Activate your card through NAB’s online platform or app, and start using it to earn rewards and enjoy card benefits.
Activating Your NAB Rewards Platinum Card
Once you receive your NAB Rewards Platinum Card, you can activate it easily:
- Call to Activate: Use the number provided on your card’s sticker for immediate activation.
- Online Activation: Alternatively, log in to NAB’s online banking platform or mobile app to activate the card quickly.
- ATM Activation: You can also activate your card at any NAB ATM by performing a balance inquiry or other transaction.
NAB Rewards Platinum Card Fees and Tariffs
The NAB Rewards Platinum Card offers strong value, but it’s essential to know the fees:
- Annual Fee: $45 for the first year, $195 p.a. after the introductory period
- Purchase Rate: 20.99% p.a. on purchases.
- Balance Transfer Rate: 0% p.a. for 12 months, then reverts to 21.74% p.a.
- Interest-Free Period: Up to 44 days on purchases if you pay your balance in full each month.
- Foreign Transaction Fee: 3% on overseas purchases, From 1 November 2024, the NAB International Transaction Fee will increase from 3% to 3.5%
These fees are competitive for a card with such a robust rewards program.
Customer Service
- Phone: Call 1300 489 410 from Australia for 24/7 support and +61 3 9322 6624 outside Australia. NAB’s dedicated customer service team is available to assist with inquiries, from account management to rewards redemption, ensuring a smooth banking experience.
- Website: Visit NAB Customer Support for more information, FAQs, and online assistance. The website offers extensive resources to help you understand your card benefits and manage your account efficiently.
- Branches: you can get personal assistance at the nearest branch.
- Mobile App: Use the NAB Mobile Banking App to manage your account, view transactions, and contact customer support directly. The app also provides secure messaging, allowing you to communicate with NAB representatives conveniently.
