NAB Qantas Business Signature Card

Offers a big 100,000 bonus Qantas Points a global concierge service and points for ATO payments as well as purchases, with a $295 p.a. annual fee per card.

The Qantas Business Signature is designed to suit business owners who want to keep track of spending and earn Qantas Points in the process. You can boost your Qantas Points balance from the get go with 100,000 bonus points if you apply and spend $4,000 on everyday business purchases within the first 60 days of account opening.

While it's bonus points offer is strong, it's earn rate of 1 Qantas Point per $1.50 spent is not as competitive – working out to 0.66 Qantas Points per $1. You should also think about how many cards you want for employees, as the $295 p.a. annual fee is charged for each card you add on this account and could quickly add up.

Amy Bradney-George

Last Updated Aug 10, 2021

100,000

Bonus points

18.5% p.a.

Purchase rate

0.66

Reward points

Per $ spent

$295 p.a.

Annual fee

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Details

Product Name	NAB Qantas Business Signature Card
Rewards program	Qantas Frequent Flyer
Purchase rate	18.5% p.a.
Annual fee	$295
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$5,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	Yes

Pros

100,000 bonus Qantas Points when you spend $4,000 on everyday business purchases in the first 60 days of account opening
Earn 0.66 Qantas Points per $1 (1 point / $1.50) spent on everyday business purchases
Features a 24/7 concierge service

Cons

A relatively high annual fee of $295 p.a.
Points are capped at $50,000 spend per statement period
Does not offer lounge passes or overseas medical travel insurance

Rewards program	Qantas Frequent Flyer
Bonus points	100,000
Rewards points per $ spent	0.66
Rewards points cap	33,333

Annual fee	$295
Minimum monthly repayment	2.5% of the closing balance or $10, whichever is greater
Late payment fee	$15
Foreign currency conversion fee	3%
Cash advance fee	2% or $2.50, whichever is greater
Overseas cash advance fee	2% of transaction amount or $2.50 (whichever is greater)
Additional cardholder fee	$295
Number of additional cardholders	1,000

Go to NAB's site More info

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The NAB Qantas Business Signature card boasts one of the biggest bonus Qantas Points offers in the business card category. This offer gives you enough for a return business class flight from Brisbane to Perth (83,000 Qantas Points) or 5 one-way business class flights between Sydney and Melbourne (18,400 Qantas Points per flight). It also offers complimentary insurance and a concierge service.

Compared to other business frequent flyer cards, the NAB Qantas Business Signature's standard earn rate is on the lower side. But it does offer the same rate of points per $1 for government transactions – including Australian Taxation Office (ATO) payments. In comparison, some cards have a reduced rate of points per $1 for these transactions. Like most business cards, you’ll also be able to manage employee spending with additional cards – just remember that each card attracts a $295 p.a. annual fee.

How to apply

You can apply for the NAB Qantas Business Signature online. If you have a MYOB, Quickbooks or Xero account with 12 months of business financial data, you can apply for the NAB Qantas Business Signature online. Alternatively, you can request a call from a NAB Business Banker and complete the application that way.

Eligibility criteria

Eligible business. You can apply if you're a sole trader, in a partnership with up to two partners, a company with up to five directors or a trustee of an eligible trust.
Registered ABN. You must have a registered ABN/ACN and must be registered for GST with a turnover of at least $75,000 per year.

New cardholder. To be eligible for the bonus points offer you must apply for a new card, meaning you cannot hold or have held a NAB business credit card with a special offer within the last 12 months.
Age. You must be at least 18 years old.
Residential status. You must be an Australian citizen or permanent resident.

Required documents

Financial information. You must provide at least 12 months of your business financial statements and data from your accounting software. You should also include copies of any interim financial figures and copies of personal tax returns for all business partners or directors.
Liabilities. These include information regarding outstanding balances of any existing business loans or lines of credit.
Proof of identification. You'll need to provide proof of identity, so make sure to have your ID on hand.

Go to NAB's site More info

Card benefits

100,000 bonus Qantas Points offer. If you apply for a new NAB Qantas Business Signature card and get approved, you will score 100,000 bonus Qantas Points when you spend $4,000 on everyday business purchases within the first 60 days of account opening. Your bonus points will appear in your Qantas Frequent Flyer account within 3 months of meeting the spend requirement. There is no specified expiry date for this offer but NAB may withdraw or vary it at any time.
Earn Qantas Points as you spend. You'll earn 0.66 Qantas Points per $1 spent (awarded as 1 point per $1.50 spent), capped at $50,000 spend per statement period. If you're not already a member of Qantas Frequent Flyer, NAB Qantas Business Signature cardholders can sign up and avoid the $99.50 membership fee.

Complimentary insurance. Your purchases will be covered by NAB commercial cards unauthorised transaction insurance. This insurance is issued through Allianz and you can see the NAB insurance policy document for more information regarding the inclusions, exclusions, terms and conditions plus details on how to make a claim.
Global concierge services. If you're travelling and in need of assistance, you can take advantage of global concierge services any time of the day or night. They can help you with anything from restaurant reservations, event bookings, travel information and more.
Visa privileges. With your Visa card, you can access exclusive discounts and complimentary gift items at duty-free retailers and shopping centres. You can also take advantage of special offers on VIP airport lounge access and travel assistance programs.
Mobile wallets. You can make contactless payments using an eligible device upon checkout if you link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or Garmin Pay.

Rates & fees

Annual fee. This card charges an annual fee of $295 p.a.
Purchase interest rate. This card comes with a purchase rate of 18.5% p.a.

Interest-free days. When you pay your balance in full, you will receive up to 44 days interest-free on purchases, which excludes cash advances.
Additional cardholders. For each additional cardholder you add to your account, you can set individual credit limits and cash advance access for them. You will also receive monthly statements for each cardholder to assist you with business expenditure and reporting.
Account management. You can access your account online through NAB Internet Banking or NAB Connect, as well as access your money through ATMs, EFTPOS and NAB phone banking.

Go to NAB's site More info

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10 Comments

David
June 9, 2015

With a NAB Qantas business card do you get points for BPAY and ATO payments? Thanks

finder Customer Care

sally.mcmullen@hiveempire.com
June 10, 2015

Hi David,

Thank you for your question.

According to the HSBC Qantas Rewards terms and conditions, BPAY is considered an ineligible transaction and, therefore, cannot be claimed for Qantas Frequent Flyer points. The terms and conditions do not explain whether you can earn Frequent Flyer points on ATO payments, so we would suggest contacting the customer service team directly to confirm this.

You may also wish to visit our guide on how to pay your tax bill by credit card to compare some of the cards that do allow cardholders to earn points on ATO payments.

I hope this has helped answer your question.

Thanks,
Sally

OLDKNEES
June 29, 2015

I’ve got a NAB business card and getting QF points for ATO payments

finder Customer Care

Sally
July 7, 2015

Hi Oldknees,

Thanks for your comment.

As noted in the NAB Qantas Business Card terms and conditions documents, cardholders can not earn points on government charges. You would need to contact NAB directly to confirm whether this included ATO payments. I hope this has helped.

Thanks,

Sally

Barny
January 5, 2015

We are a medium size business, our staff have credit cards for fuel and accommodation. We currently do not have the option to put limit cap on individual cards, we need 12 cards also can the points be directed to an individual card only. Thanks

finder Customer Care

Elizabeth
January 5, 2015

Hi Barny,

Thanks for your question.

You’re able to decide which Frequent Flyer account the points are credit to, so it will be possible for the points to be credited to a single account.

I hope this has helped.

Thanks,

Elizabeth

Judith
April 30, 2013

Does this card have uncapped limit on points?

Does this card give you points if you load money onto the card to purchase goods?

finder Customer Care

Jacob
May 1, 2013

Hi Judith. Thanks for your question. Yes, you can earn points if you’re making an eligible purchase and your card has a positive balance. This card does not have a cap on points. Jacob.

Rachael
March 18, 2013

Hi id like to get a phone call to apply for this card

finder Customer Care

Jacob
March 19, 2013

Hi Rachael. We’re a comparison service, if you would like to speak to a lender about a specific product, please contact them directly. We can help you with any questions you have about general product information and comparing credit cards. Thanks.

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NAB Qantas Business Signature Card