Should I Cancel My Qantas Rewards Premium Card NAB (due to cancel of AMEX card service)

shortgum on 22/11/2017 - 20:12
Last edited 22/11/2017 - 20:12

Used to have Qantas Gold card back in years ago which is now called Qantas Rewards Premium card (NAB).

https://www.nab.com.au/personal/banking/credit-cards/nab-qan…

We have stick with this Qantas gold card for years as you expect because of the goodness of amex offers and related deals with it. As we now aware bank issue amex card is about to phase out and formally received NAB letter the AMEX facilities will be shut on 21/2/18. For most people I believe this is now a pretty much little value keeping it (I think). card left with only visa facilities.

The current annual fees of $139.50 which did not change from the past when having this card but now the annual fees of $250 which is surely a rip off.

On the urge of thinking closing this card out as we about to finish amex shopsmall and remember an annual fee is kicks in early december. The Qantas premium card currently have extended warranty, free oversea travel insurances, purchase protection insurance, interstate flight inconvience insurance etc etc (see above link for benefits)

Really the phase out of amex just sad as this is use to be the main reason maintain the card even paid for the annual fee $139.50. Don't know why bank doing this for good anyway… Just want to see if anyone have idea it is worth to keep this NAB Qantas Rewards Premium card now?

Financial

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

Comments

  • kipps on 22/11/2017 - 20:36
    +2

    I have same card. Will be changing it to an alternative NAB card as soon as all direct debits are changed. It is no longer good value.

  • freestyle18 on 22/11/2017 - 22:07

    Isn't the fee $250? If you cancel, do you qualify for a new card earlier?

    • shortgum on 22/11/2017 - 22:50

      no. i have the qantas gold card which is same as current qantas premium card. they will kept my annual fee at $139.50 with everything the same of qantas premium card. my question is even $139.50 fee is may not worth it without the amex facilities. that said $250 fee is total cash grab to every new customer apply for this card.

      • freestyle18 on 26/11/2017 - 14:39

        yeah it's not worth it under current promo. and even less now without amex

  • CheapskateQueen on 22/11/2017 - 22:38

    Just get rid of it.

    I don't believe in paying for a CC. I only ever pay an AF if the net is positive for me (eg 75k FF bonus points for $200 fee). Even then it's rare i do this.

    There's plenty of free amex cards to get. And I'm sure a cheaper Visa/MC CC you can get if need be.

    The insurances you get a pretty common these days across various cards

  • shortgum on 26/11/2017 - 23:42

    Thanks for input.

    just updated today my NAB Qantas card charged an annual fee on 25/11/16 $145.50! Stupid.. They just suddenly charge the fee about 1-2 weeks earlier and $6 extra. Its stupid!!!

    Now the plan probably not going to cancel the card and wait till end of October to close it. I don't it worth to cancel now as it already added the fee onto this card. Or can we challenge NAB to reverse the fee for charge us early? then ask then to cancel my card immediately?

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