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Our verdict

Offers a competitive earn rate and up to 120,000 bonus Qantas Points, but you'll need to wait a year for 30,000 of them.

The NAB Qantas Rewards Signature has one of the biggest bonus Qantas Points offers on the market right now, with 120,000 bonus points up for grabs if you keep the card for at least 13 months. To give you an idea of your points potential, you could book a return economy flight from Sydney to New York (110,400). You could also redeem them for $525 worth of Woolworths WISH digital gift cards through the Qantas Marketplace (109,100 points for two $250 gift cards and 5,500 for one $25 gift card).

To get 90,000 of these bonus points, you’ll need to spend $3,000 on eligible purchases within the first 60 days of account opening. You then need to keep the account open for over 12 months (paying the second year’s annual fee) in order to get the other 30,000 bonus Qantas Points.

This card also offers a reduced annual fee of $320 for the first year, reverting to $420 p.a. after that. You’ll also receive five complimentary insurance covers, including purchase protection insurance and domestic travel insurance.

Pros

Up to 120,000 bonus Qantas Points
Discounted $320 annual fee for the first year
Complimentary insurance covers

Cons

Spend requirement to get bonus points is tricky
High ongoing annual fee of $420
No lounge passes or travel credit

The NAB Qantas Rewards Signature is suited to travellers who want to earn Qantas Points as they spend and who will use the card's extra features (like the complimentary insurance covers) to justify the annual fee.

With this offer, you'll earn 90,000 bonus Qantas Points when you're approved and spend $3,000 on everyday purchases within the first 60 days. You’ll receive the other 30,000 bonus points in the 13th month of the card being open and paying the full second year annual fee.

Details

Product details

Product Name	NAB Qantas Rewards Signature Card
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 21.74%
Balance transfer limit	90% of available limit
Purchase rate p.a.	Purchase rate p.a. 20.99%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$15,000
Max credit limit	$75,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	120,000
Rewards points per $ spent	1
Rewards points cap	20,000

Fees

Annual fee	Annual fee $320 first year ($420 after)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	Foreign currency conversion fee 3%
Cash advance fee	3% or $3, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

Congratulations, NAB!

NAB Qantas Rewards Signature Card received the highly commended award for 'Frequent Flyer Credit Card – Qantas' in the 2024 Product Awards.

Full list of 2024 winners

How to apply

If you’ve compared your options and decided the NAB Qantas Rewards Signature card is right for you, make sure you meet the eligibility requirements and organise the necessary information before you apply.

Eligibility criteria

New cardholder. To be eligible for the bonus points, you must be a new customer, meaning you cannot hold or have held a NAB Qantas rewards card in the previous 12 months.
Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.

Income. NAB does not explicitly state a required minimum income, but it will be factored into your application along with the rest of your financial information. You may call the customer service team to discuss your specific personal circumstances.
Age. You must be at least 18 years old.
Eligible balance transfer. If you request the balance transfer at the time of application, you can transfer up to 90% of your available credit limit from Australian-issued, non-NAB cards.

Required documents

Finances. You must provide copies of recent payslips or bank statements.
Employment. You'll need to provide details of your employment including employer's name, workplace address and time in employment.
Personal details. You'll need to prove your residential address, which you can usually do by providing copies of utility bills to that address.
Frequent flyer number. To earn Qantas Points, you’ll need to provide your Qantas Frequent Flyer membership number to NAB.
Balance transfer details. If you are planning to transfer a balance, you’ll need to provide the details of the account(s), including the institution and account number.

Card benefits

Up to 120,000 bonus Qantas Points. You can give your points balance a boost of 90,000 bonus Qantas Points when you apply, get approved and spend $3,000 on everyday purchases within 60 days of opening the account. These points will be credited to your account within 3 months of meeting the spend requirement. The other 30,000 bonus points will be credited in the 13th month when you’ve kept your account open.
Reduced first-year annual fee. Save $100 with a reduced $320 annual fee for the first year, reverting to $420 p.a. thereafter.

Qantas Points as you spend. Earn 1 Qantas Point per eligible $1 spent up to $5,000 and then 0.5 Qantas Points per $1 spent between $5,001 and $20,000 per statement period. Therefore, total points are capped at 12,500 per statement period.
Complimentary insurance. The NAB Qantas Rewards Signature offers purchase protection insurance, extended warranty insurance, car rental excess in Australia insurance, domestic travel insurance and international travel insurance. These complimentary insurance policies are issued by Allianz and you should refer to the NAB Card Insurance Policy Information Booklet for full details of what’s covered and when you’ll be eligible for cover.
Complimentary Qantas Frequent Flyer Membership. If you're not already a member of the Qantas Frequent Flyer Program, you can join for free. This saves you the $99.50 joining fee (as at 29 June 2021).
Concierge service. Provided by Visa Worldwide, cardholders will also enjoy their own personal assistance for travel and lifestyle services with the NAB 24/7 Concierge.
Balance transfer rate. This card has a 0% p.a. interest rate for 12 months on balance transfers with a 3% balance transfer fee, which reverts to the variable cash advance rate, currently 21.74% p.a.
Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or Garmin Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $420 p.a.
Purchase rate. Purchases will collect a variable interest rate of 20.99% p.a.

Cash advance rate. If you use the card for cash advances, a 21.74% p.a. variable interest rate will apply. You’ll also be charged a cash advance fee of 3% or $3, whichever is greater.
Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Additional cardholder. To earn Qantas Points faster, you can add 1 additional cardholder to your account for $0.

Sources

NAB Qantas Rewards Signature Card TMD

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Kate

August 13, 2024

If I am planning to use this card to make a visa payment, does this come under eligible purchases?

Sarah Megginson Finder

September 13, 2024

Hi Kate,

If you want to use one credit card to pay another card, the only way to do this is by taking out a cash advance (even if you withdraw the funds digitally rather than at an ATM, its considered a cash advance). Cash advances are not considered eligible transactions, and interest is payable immediately, so this isn’t usually the most affordable option.

Hope this helps!

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Pearl

July 09, 2024

What purchases/payments are cash advances

Sarah Megginson Finder

July 17, 2024

Hi Pearl,

A cash advance is when you withdraw money from the account, either using an ATM or as an online transaction. According to NAB, cash advances on this card also include other transactions they consider to be the equivalent of withdrawing cash from your account, eg. most gambling transactions (such as sports betting, casino games, lottery tickets, online gambling), the purchase of travellers cheques, wire transfers or other similar substitutes for cash (such as crypto-currency).

Hope this helps!

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Pearl

July 09, 2024

What purchases/payments are cash in advance? Ie- bpay etc

Sarah Megginson Finder

July 17, 2024

Generally BPay transactions are considered purchases and won’t be treated as a cash advance. It might be treated as a cash advance if you are transferring to a bank account, or trying to make a BPay payment to another credit card.

If your credit card provider does treat a transaction as a cash advance, they will usually warn you that you will be charged interest immediately in the app or online banking when you are trying to make the payment.

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Daryn

June 13, 2024

Does Qantas Premier Platinum count as a NAB credit card and therefore ineligible for a balance transfer/the Qantas points offer?

Sarah Megginson Finder

July 02, 2024

Hi Daryn,

According to the terms and conditions, you should be eligible if you hold a Qantas Premier Platinum (underwritten by NAB), as the T&Cs state:

“This bonus Qantas Points offer is not available to existing customers who have received or are entitled to receive NAB Qantas Rewards bonus points for a new personal NAB Qantas Rewards credit card in the 18 months prior to the opening of a NAB Qantas Rewards Signature Card or NAB Qantas Rewards Premium Card.”

Hope this helps!

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Emma

May 28, 2024

Can this card be used for ATO payments and what is the maximum limit on the card please?

Sarah Megginson Finder

July 17, 2024

Hi Emma,

Yes, this card can be used to make ATO payments, but it does not allow you to earn points on those payments. NAB has a business rewards card that does allow you to earn points, in case you’re eligible for this.

The maximum credit card for this card is not known, but the minimum is $15,000.

Hope this helps!

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Sally McMullen was a creative content producer at Finder. Sally wrote about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong. See full profile

NAB Qantas Rewards Signature Card

Pros

Cons

Congratulations, NAB!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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