This was posted 9 years 7 months 25 days ago, and might be an out-dated deal.

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NAB Qantas Rewards Prem Card + 40K QFF Pts + 15 mo 0%p.a Bal Transfer - $250 Annual Fee

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NAB Qantas Rewards Prem Card + 40K QFF Pts + 15 mo 0%p.a Bal Transfer - $250 Annual Fee
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tooblue on 01/05/2015 - 16:04 qantas.com.au (624 clicks)
Last edited 01/05/2015 - 19:34 by 1 other user

Earn up to 40,000 bonus Qantas Points* with NAB Qantas Rewards Premium Card when you apply by 11 October 2015, are approved and make an everyday purchase within 90 days^.

Annual fee is $250.

  • Two cards linked to the one account - NAB Qantas Rewards Premium VISA® and a NAB Qantas Rewards Premium American Express Card
    1.5 Qantas Points^ per $1 spent on AmEx eligible purchases
    0.5 Qantas Points^ per $1 spent on Visa eligible purchases
  • Contactless payments
  • 0%p.a on balance transfers for 15 months
  • 7 complimentary insurances including overseas travel, extended warranty and purchase protection#
  • NAB Platinum Concierge service
  • VIP Lost Card Cover, complimentary for the first 12 months

Important information
Card products:
Cards are offered, issued and administered by the National Australia Bank Limited ABN 12 004 044 937, AFSL and Australian Credit Licence Number 230686 (NAB). NAB is the credit provider and credit licensee under National Consumer Credit laws. NAB pays Qantas for Qantas Points issued in relation to these cards. Terms and Conditions are available on application. Fees and charges apply. All applications for credit are subject to NAB credit assessment criteria. Approval subject to NAB's credit assessment criteria. Terms and conditions available on application. Offer commences 20 April 2015. The special promotion balance transfer must be applied for at the point of full card application. The special balance transfer rate will apply for a 15 month statement period from account opening. Any unpaid balance transfer will then attract your card’s standard interest rate for purchases. Offer only available to new approved NAB credit card customers who apply by 11 October 2015. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer. Terms, conditions, fees, charges and lending criteria apply. American Express is a registered trademark of American Express. The NAB Qantas American Express Credit Card is issued by National Australia Bank under a license from American Express. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

*To be eligible for the bonus Qantas Points offer, you must apply for a new NAB Qantas Rewards Premium Card by 11 October 2015, be approved and make an everyday purchase within 90 days of opening your account. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purchases. Qantas Points will be credited to the qualifying member account within 2 months of the purchase.

^ To earn Qantas Points using your NAB Qantas Rewards Card or NAB Qantas Rewards Premium Card, you must be a member of the Qantas Frequent Flyer program and have provided your valid membership number to NAB. Qantas Points accrue in accordance with and subject to the NAB Qantas Credit Card Account Reward Terms and Conditions available at nab.com.au. Qantas Points are capped at $100,000 spend per statement period. Points are earned on eligible purchases only. Eligible purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purchases. If you are not already a Qantas Frequent Flyer member, NAB has arranged for the joining fee to be waived if you apply and receive a NAB Qantas Rewards Card or NAB Qantas Rewards Premium Card and join through qantas.com.au/joinffnab. Membership and the earning and redemption of Qantas Points is subject to the Qantas Frequent Flyer program terms and conditions, available at qantas.com/terms.

~ Selected Qantas products and services are the following items purchased directly from Qantas: Qantas passenger flights (with a QF flight number) Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar, Qantas Holidays, Qantas branded non-airfare products and any Qantas products and services not purchased directly from Qantas.

The complimentary insurances are issued to NAB by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 to NAB. Access to the benefit of cover under the NAB card insurances is provided to eligible NAB cardholders by operation of s48 of the Insurance Contracts Act 1984 (Cth). The terms, conditions and exclusions of the complimentary insurances for the NAB Premium cards are in the NAB Card Insurance Policy Information Booklet and for the NAB Qantas Rewards Card in the NAB Purchase Protection Insurance Policy Information Booklet, and may be amended. A qualifying purchase is required to get the benefits of the complimentary insurances.
Other important information:
Card products referred to are not Qantas products and not offered or issued by Qantas but by the relevant Card partners. The applicable Card Partner is the credit provider and credit licensee under the National Consumer Credit laws. Points are offered by the relevant Card partner and partner reward program and can only be earned on eligible purchases. Contact the relevant Card Partner for terms and conditions or enquiries.

If you are interested in a Card, make sure you check out all its features on the applicable Card Partner's website as Card features are only summarised here. Card features information is based solely on information supplied by the Card Partner. The information is current as at 1 May 2015 and is subject to change. Qantas has made reasonable efforts to confirm with the applicable Card Partner as to the accuracy of information provided on this site but is not responsible for errors or omissions.

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closed Comments

  • ynot1985 on 01/05/2015 - 16:07
    +2

    sorry, am I missing something.. where does it say first year annual fee free?

    • tooblue on 01/05/2015 - 16:11
      -1

      My bad :(
      Fixed.

      • cakesy on 01/05/2015 - 17:27

        You still haven't explained it properly. How is it free for the first year?

        • sickllama on 01/05/2015 - 17:40

          How? They waive the fee.

  • easternculture on 01/05/2015 - 16:12
    +2

    Annual fee is $250. No FREE annual fee

  • ProjectZero on 01/05/2015 - 16:23

    I'm sure everyone here knows but… approaching the end of the first year, call up to cancel and they usually offer to waive it for another year… if not, cancel it lol…

  • Yapapi on 01/05/2015 - 16:36

    I would usually post the annual fee in the subject line of a deal.

  • CyberMurning on 01/05/2015 - 16:40
    +1

    Wait… so now the offer is 40k qff AND 0% balance transfer??? few months ago only one!

  • angad596 on 01/05/2015 - 18:25
    +1

    Last months deal was better 40 k points + 0 annual fee for first year
    Current deal paying $ 250 for 40 k points and 0 % bal transfer is really nothing special

    Apply the anz deal instead $95 - 50 k qantas points

    • BluBoy on 01/05/2015 - 18:44
      +1

      Speak for yourself.

      $20k balance transfer (which is then dumped into my ~5% mortgage offset account) saves me ~$1,500 over the 18 months.
      PLUS - From experience, walk into the branch and they'll refund the annual fees.

      • SnakeCasablanca on 01/05/2015 - 19:07
        -2

        Although have to take into account cash advance fee of circa $350.00 to withdraw $20,000.00. Although even if you hadn't taken this into account a $900.00 savings after fees isnt a drop in the ocean… Plus… 40k free qantas points. :)

        • sblash on 01/05/2015 - 19:20

          Balance transfers aren't cash advances though

        • SnakeCasablanca on 03/05/2015 - 07:55

          But to withdraw the $20k off your original card to put onto your home loan would incur the fee. Otherwise I would assume BluBoy isnt 'saving' any money off his mortgage, merely taking advantage of the balance transfer interest free off his ridiculously irresponsible $20k credit card borrowings. But I would say that BluBoy is thinking along my lines and not yours. :)

        • tooblue on 04/05/2015 - 13:41

          Some banks don't charges fees when the balance is positive after the withdrawl, some only charges a fixed fee (e.g. $2.50). You only need to have the proper existing credit card.

        • SnakeCasablanca on 04/05/2015 - 14:36

          Okie doke. Time to break it down…

          For BluBoy to have both $20k to deposit onto his home loan and a $20k credit card limit to transfer over, he must have withdrawn the $20k from his ORIGINAL credit card into a NEGATIVE balance. Then he would have received a cash advance fee. He may have taken this into account in his calculations. I was merely mentioning it to assist other Ozbargainers in case they wanted to do it themselves.

          I work for a bank and it boggles the mind that I would be downvoted and argued with by people who obviously have no idea what even the original poster was talking about.

        • hellbound on 05/05/2015 - 09:24
          +1

          @SnakeCasablanca: People downvoted you because you're making false assumptions.
          Balance transfer $20k onto an existing card that has a neutral balance, then transfer the positive balance to your offset account, bringing the card back to neutral.
          There's no cash advance, hence no cash advance fee.

        • SnakeCasablanca on 05/05/2015 - 10:15

          @hellbound: Then where is the savings in BluBoys plans? There are no savings unless you take the $20k off one of the credit cards to put onto your mortgage and then have that interest free. That was the whole point of BluBoys plan. Not a bad plan… But I was just adding extra information. If you transferred $20k advance from once card to another then you had the $20k in the first place so there is no point in any of this.

          It still seems to me that you do not understand his initial post. Please clarify if there is something that I am missing.

        • hellbound on 05/05/2015 - 12:47
          +1

          @SnakeCasablanca: I do understand his post as I'm doing the same thing.
          You've ended up with an interest free loan of $20k that's earning you 5% interest.

          This has been discussed many times before on ozb, some people have been running it for years. I'm sure there's a ELI5 step-by-step instructions somewhere you could read up on it.

        • llllllllllllll on 14/05/2015 - 16:22

          @hellbound: hey sorry if I missed something but I can't still get my head around how you can get 20k sitting earning interest out of nowhere…

          Base on your description, where is the first positive $20k from?

  • alvian on 01/05/2015 - 19:20

    Why is this tagged a freebie?

  • tooblue on 13/05/2015 - 21:36
    +1

    Approved 21 Apr, spent in Coles 28 Apr, received 40K pts this week.

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