NAB Qantas Rewards Signature Review, Rates & Fees | finder.com.au
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NAB Qantas Rewards Signature Card

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Sally McMullen
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Receive up to 110,000 bonus Qantas Points when you meet the spend requirements and a reduced first-year annual fee.

Winner of the 2020 Finder Award for Best Frequent Flyer Credit Card, the NAB Qantas Rewards Signature is a Visa product suited to frequent flyers who want to earn Qantas Points as they spend and who will use the host of extra card features.

110,000

Bonus points

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent

$295 p.a.

Annual fee

for the first year ($395 p.a. thereafter)

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Details

Product NameNAB Qantas Rewards Signature Card
Rewards programQantas Frequent Flyer
Balance transfer rate0% p.a. for 6 months with 2% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit90% of available limit
Purchase rate19.99% p.a.
Annual fee$295 annual fee for the first year ($395 p.a. thereafter)
Interest-free periodUp to 44 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$15,000
Max credit limit$75,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationYes

Pros

  • Up to 110,000 bonus Qantas Points
  • Discounted $295 annual fee for the first year
  • Complimentary insurance covers

Cons

  • Spend requirement to get bonus points is tricky
  • High ongoing annual fee of $395
  • No lounge passes or travel credit
Rewards programQantas Frequent Flyer
Bonus points110,000
Rewards points per $ spent1
Rewards points cap20,000
Annual fee$295 annual fee for the first year ($395 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2% or $2.50, whichever is greater
Overseas ATM withdrawal fee$5
Additional cardholder fee$0
Number of additional cardholders1
Go to NAB's siteMore info

Expert review

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Review by

Sally McMullen is a creative content producer at Finder. Sally has written 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.

Expert review

The NAB Qantas Rewards Signature offers one of the biggest bonus Qantas Points offers on the market right now, with 110,000 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 round trip in first class from Melbourne to Auckland in business class (98,500) or redeem them for $500 worth of Woolworths WISH digital gift cards through the Qantas Store (98,7000 points for two $250 gift cards).

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 20,000 bonus Qantas Points.

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.
Go to NAB’s siteMore info

Card benefits

  • Up to 110,000 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 20,000 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 $295 annual fee for the first year, reverting to $395 p.a. thereafter.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $395 p.a.
  • Purchase rate. Purchases will collect interest at a rate of 19.99% p.a.
Go to NAB’s siteMore info

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56 Comments

    Default Gravatar
    Candice
    October 18, 2019

    Is the first year annual fee charged upon issuing of the credit card or at the end of the first year?

    Reply
      Default Gravatar
      Nikki
      October 18, 2019

      Hi Candice,

      Thanks for your comment.

      A reduced annual card fee of $295 will be charged at the time of account opening. This applies for the first 12 statement months. Cardholders will be charged the standard $395 annual card fee thereafter.

      As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps and feel free to reach out to us again for further assistance.

      With care,
      Nikki

      Reply
    Default Gravatar
    Brian
    June 1, 2019

    Hi. I have a NAB Qantas rewards signature card, and have spent over $4000 in less than 60 days. The 60 days was up over 2 months ago, and as yet no points have been awarded. How long should I expect to wait, and who should I contact if no points are awarded. Thank You.

    Reply
      Avatarfinder Customer Care
      Jhez
      June 1, 2019

      Hello Brian,

      Thank you for your comment.

      Sorry to hear about you not receiving the bonus points yet. If you have applied and approved within the offer period and you have spent $4,000 on everyday purchases within 60 days of opening your account, then you are eligible for the bonus points. The points will be credited to your points balance within 3 months of meeting the spend criteria.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Greg
    May 18, 2019

    What constitutes “everyday purchases”? Would paying business purchases constitute “everyday purchases” i.e. if we paid our business expenses such as stock purchases would this qualify for the Qantas bonus points?

    Reply
      Avatarfinder Customer Care
      Mai
      May 19, 2019

      Hi Greg,

      Thank you for reaching out.

      Everyday purchases are those where payments made aren’t processed as cash advances or made through BPAY or over the counter at a bank. Other exclusions include card fees and charges, gambling and gaming costs, government fees and charges, business expenses, ATO payments, fraudulent transactions, refunded transactions, balance transfers and travellers cheques. This means that buying stocks for your business is not considered as an eligible purchase and will not qualify for earning bonus points.

      Kind Regards,
      Mai

      Reply
    Default Gravatar
    Traveller
    March 14, 2019

    If I buy 500 Nab Bank shares is it true I then get. NAB ff credit card free with no charges I am looking at ways to earn Qantas ff points
    No annual fee & what about transaction fees if I want to d/ debit my bills on this card & then have the card paid off in time each month.
    What is the $spend needed is there a cap

    Reply
      Avatarfinder Customer Care
      John
      March 15, 2019

      Hi Traveller,

      Thank you for reaching out to Finder.

      The NAB website does not specify that this promotion is available as of now, if you have seen this promotions somewhere you may need to directly contact NAB to confirm if this is still active and current. Hope this helps!

      Cheers,
      Reggie

      Reply
    Default Gravatar
    jarad
    March 5, 2019

    I’m currently a NAB Visa credit card cardholder linked to Virgin but would like to also have a NAB Visa Credit card linked to Qantas.

    Am I still eligible for the bonus points?

    Reply
      Avatarfinder Customer Care
      Jeni
      March 6, 2019

      Hi Jarad,

      Thank you for getting in touch with Finder.

      So long that you haven’t received NAB Qantas Rewards Bonus Points then you’d be eligible for the bonus points. You will be redirected to NAB’s official page after clicking the go to site button on this page, where you may apply for this card. Kindly go through the ‘Important information’ part of the page and make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
    Default Gravatar
    Gerard
    February 19, 2019

    With the NAB VISA Rewards, and specifically the 90,000 bonus points offer, will purchases made overseas contribute to the $4000 minimum spend for the first two months? Thank you.

    Reply
      Avatarfinder Customer Care
      Jhez
      February 21, 2019

      Hi Gerard,

      Thank you for your comment.

      Overseas purchases made outside or here in Australia is considered an eligible purchase and can contribute to the net purchase amount.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Sue
    January 13, 2019

    What is the 90000 points valued in aus $

    Reply
      Avatarfinder Customer Care
      John
      January 14, 2019

      Hi Sue,

      Thank you for leaving a question.

      Qantas points redeemed for flights are worth closer to 1.1 cents on domestic, and 0.7 cents on international per point. So for domestic that would equate to $990 and for international that is $630. Hope this helps!

      Cheers,
      Reggie

      Reply
    Default Gravatar
    Amy
    November 15, 2018

    Please advise what charges are considered as “Government fees and charges” excluded for earning Qantas points using NAB signature rewards card.

    Reply
      Avatarfinder Customer Care
      Jhez
      November 16, 2018

      Hello Amy,

      Thank you for your comment.

      The government fees are charges are those charges imposed by the government including ATO payments.

      You can earn NAB Rewards and frequent flyer points on bills as long as they’re considered eligible purchases and aren’t processed as cash advances or made through BPAY or over the counter at a bank. Other exclusions include card fees and charges, gambling and gaming costs, government fees and charges, business expenses, ATO payments, fraudulent transactions, refunded transactions, balance transfers and travellers cheques.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    Xujie
    November 14, 2018

    What is the recommended minimum income required, to apply for this card?

    Reply
      Default Gravatar
      Nikki
      November 14, 2018

      Hi Xujie,

      Thanks for getting in touch! The minimum income required is not available on our page at the moment. It is advisable to contact NAB directly for this.
      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

      Reply
    Default Gravatar
    Leesa
    October 24, 2018

    Hi there,

    I’m really confused about this NAB cards eligible purchases. Are Bpay power, gas, telephone etc. included as eligible purchases? Also, does this card offer supplemental cards? If so, how many?

    Kind regards,
    Leesa

    Reply
      Avatarfinder Customer Care
      Jeni
      October 25, 2018

      Hi Leesa,

      Thank you for getting in touch with finder.

      With NAB, BPAY is not explicitly listed as an ineligible transaction like most credit card providers, so most BPAY transactions are eligible. However, some transactions, like payments to the ATO or government fees & charges, if made through BPAY are still ineligible.

      In regard to your supplemental card query, with this card, you can add one additional cardholder for free.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
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