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Bonus points: 130,000
Purchase rate: 20.99% p.a.
Reward point per $ spent: 1
Annual fee: $420 p.a.

Our verdict

Offers $250 cashback and up to 130,000 bonus Qantas Points plus complimentary travel insurance.

The NAB Qantas Rewards Signature has one of the biggest bonus Qantas Points offers on the market right now, with up to 130,000 bonus points plus $250 cashback offer. To get the 100,000 of these bonus points and the $250 cashback offer, you’ll need to apply by 30 September 2026 and spend $5,000 on eligible purchases within the first 90 days of account opening. You then need to keep the account open for over 12 months in order to get the other 30,000 bonus Qantas Points. To give you an idea of your points potential, you'd have enough for a return economy flight overseas.

You’ll also receive five complimentary insurance covers, including purchase protection insurance and domestic travel insurance. Interest, fees, charges and earn rates are changing from 1 October 2026. More information can be found here.

Pros

Up to 130,000 bonus Qantas Points and $250 cashback
Complimentary insurance covers
Complimentary Qantas Frequent Flyer Membership

Cons

12 month wait to get all bonus points
Relatively high annual fee of $420
No lounge passes or travel credit

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 22.99%
Balance transfer limit	90% of available limit
Purchase rate p.a.	20.99%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$6,000
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	130,000
Rewards points per $ spent	1
Rewards points cap	12,500

Fees

Annual fee	$420
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3.5%
Cash advance fee	3.5% of transaction value or $3.50, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

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 customers. The bonus Qantas Points offer is only available to new cardholders, meaning you cannot hold or have held any personal NAB Qantas Rewards credit card in the last 24 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.
Qantas 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.

Go to NAB’s site More info

Card benefits

Up to 130,000 bonus Qantas Points. You can give your points balance a boost of 100,000 bonus Qantas Points when you apply for a new NAB Qantas Rewards Signature Card by 30 September 2026, get approved and spend $5,000 on everyday purchases within 90 days of opening the account. These points will be credited to your account within 3 months of meeting the spend requirement. If you keep your account open for 12 months, the other 30,000 bonus points will be credited in the 13th month.
$250 cashback. Apply for a new NAB Qantas Rewards Signature Card during the offer period and you'll get $250 cashback when you spend $5,000 on everyday purchases within the first 90 days. The cashback will be added to your account 120 days from account opening if the spend criteria is met.

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. Qantas Points earn is capped at $20,000 per statement period. You also earn 1 additional Qantas Point per $1 on eligible spending with Qantas. Note that points earn rates for this card are changing from 1 October 2026. For more information visit NAB's website.
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 mobile phone insurance. Receive complimentary mobile phone insurance covering accidental damage and theft when you pay your monthly phone bill with an eligible NAB credit card.
Complimentary Qantas Frequent Flyer Membership. If you're not already a member of the Qantas Frequent Flyer Program, you can join for free. That saves you the standard Qantas Frequent Flyer joining fee. Terms and conditions apply.
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. (from 1 October 2026, this will be 22.99%.).
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. 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. From 1 October 2026, this will be 22.49%.

Cash advance rate. If you use the card for cash advances, a 21.74% p.a. variable interest rate will apply, from 1 October 2026, this will be 22.99%. You'll also be charged a cash advance fee of 3.5% or $3.50, 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.

Go to NAB’s site More info

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. NAB Qantas Rewards Signature Card information PDF
2. NAB Qantas Rewards Signature Card TMD

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Jan Yaxley

September 17, 2026

Is the annual fee taken out once or is it taken out monthly?

Angus Kidman Finder

September 17, 2026

Annual fee is charged once a year, generally in the month the card is issued.

Allan

September 10, 2026

Do I have to open a Qantas Membership before I apply or is that part of the application? Also I read somewhere that I get a reduction in initial fee because I am an existing NAB customer. Retired staff to be exact. 38 years service.

Angus Kidman Finder

September 10, 2026

If you’re not already a Qantas Frequent Flyer member, NAB will provide a link that lets you sign up. Initial fee reductions for staff aren’t usually publicised – you’d need to contact NAB directly to find out if you can score an additional discount.

Jac

September 03, 2026

I have a MyCard Premier Qantas card which is issued by NAB but branded as MyCard. Would this make me ineligible for the bonus offer? I have read all the terms and conditions but not had any luck finding the answer to this question.

Angus Kidman Finder

September 03, 2026

The T&Cs state “Bonus points are not available to customers who currently hold, or have held, any personal NAB Qantas Rewards Credit Card in the last 24 months.” It’s likely that this includes the MyCard you refer to, but you’d need to confirm directly with NAB before applying.

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Paul

April 19, 2026

Can the monthly transaction be linked to Xero ?

Sarah Megginson Finder

May 01, 2026

Hi Paul, yes, NAB has a direct partnership with Xero that allows for automatic bank feeds, meaning your monthly transactions and daily transactions can be imported directly into your Xero account.

Tammy

January 27, 2026

Hi, Can you apply for this credit card as a couple (dual income) or is it based on one income alone and then the additional card holder is added?

Sarah Megginson Finder

January 30, 2026

Hi Tammy,

NAB offers credit cards to single applicants only, so yes, it is based on one personal income, and then an additional cardholder is added.

NAB Qantas Rewards Signature Card

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Eligibility criteria

Required documents

Card benefits

Rates & fees

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