Credit Card Compare

NAB Rewards Platinum Card

Data last updated 23 July 2026
20.99%
Purchase rate
$195
Annual fee
100,000
Bonus points

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NAB Rewards Platinum Card card
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CardIQ

53Fair

Fair

Overall score, out of 100 · How this works

  • Balance transfer52
  • Frequent flyer51
  • Rewards47
  • Sign-up bonus63
  • Velocity Points51

Customer reviews

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Pros & cons

What's good

  • 100,000 bonus points to start, worth around $1,000 at our 1c-per-point valuation.
  • 12 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.74% p.a.).
  • Complimentary concierge service.
  • Points transfer to 5 rewards programs, including Accor Live Limitless (ALL), Air New Zealand Airpoints and Flybuys.
  • No fee to add an additional cardholder.

Worth noting

  • The $195 annual fee is toward the top of the market (the median is $70).
  • The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
  • Earns 1 point per $1 on everyday spend, around the dataset average.
  • The 1-point rate on everyday spend applies only to the first $5,000 spent each statement period, then drops to 0.5 points per $1.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit limit
$3,000 – $30,000
Credit rating
Good
Rewards program
NAB Rewards

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
21.74% p.a.
Purchases
20.99% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$195 p.a.
Cash advance fee
3.5% of the amount
Foreign transaction fee
3.5%
Late payment fee
$20

Repayments

Interest-free period
Up to 44 days on purchases
Minimum repayment
2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from
Coles, Kogan Money, MyCard, NAB, Qantas Money
Limit
Up to your available credit limit
Period
12 months
Promotional rate
0% p.a.
Revert rate
21.74% p.a.
Transfer fee
3%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
1 pt per $1 up to $5,000 per statement period
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
None
Reduced rate above monthly cap
0.5 pts per $1 from $5,000 to $20,000 per statement period
Points cap
Uncapped
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
100,000 points

Also available

  • Earn Velocity Frequent Flyer points directly(90,000 sign-up bonus points)

Same card, different loyalty program. You choose at signup.

Transfer partners

Accor Live Limitless (ALL)
6 pts → 1 pt (≈ 0.17 pts per $1)
Air New Zealand Airpoints
200 pts → 1 pt (≈ 1 pt per $200)
Flybuys
1 pt → 1 pt (≈ 1 pt per $1)
Singapore Airlines KrisFlyer
3 pts → 1 pt (≈ 0.33 pts per $1)
Velocity Frequent Flyer
2 pts → 1 pt (≈ 0.5 pts per $1)

Where these points could take you

Auckland
Flying Virgin Australia non-stop, using transferred Velocity points. Economy 17,900 pts, Business 35,500 pts.
Denpasar
Flying Singapore Airlines via Singapore, using transferred KrisFlyer points. Economy 30,500 pts.
Los Angeles
Flying United Airlines non-stop, using transferred Velocity points. Economy 48,000 pts.
Singapore
Flying Singapore Airlines non-stop, using transferred Velocity points. Economy 29,000 pts, Premium Economy 57,500 pts.
Tokyo
Flying All Nippon Airways non-stop, using transferred Velocity points. Economy 45,000 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Balance transfer0% for 12 monthsBetter than most (12th of 44 cards)
Rewards value$360 a yearBetter than most (26th of 95 cards)
Sign-up bonus$1,000Better than most (23rd of 59 cards)
Purchase rate20.99%Not as good as most cards (125th of 196 cards)
Interest-free days44 daysNot as good as most cards (141st of 192 cards)
Annual fee$195 a yearNot as good as most cards (149th of 200 cards)
Overseas fee3.50%Not as good as most cards (152nd of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
NAB