NAB Qantas Rewards Signature credit card review

Earn 90,000 bonus Qantas Points when you meet the spend requirements and enjoy a reduced $295 annual fee in the first year.

The NAB Qantas Rewards Signature is a Visa product suited to cardholders who want to earn Qantas Points as they spend and take advantage of extra card features. With the 90,000 bonus Qantas Points offer, you’d have enough points to fly return from Melbourne or Sydney to Hong Kong in premium economy. To get your bonus points, you'll need to spend $4,000 on eligible purchases within the first 60 days of account opening.

This card also offers a reduced annual fee of $295 for the first year, reverting to $395 p.a. after that, plus, seven complimentary insurance covers.

Product NameNAB Qantas Rewards Signature Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 6 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit90% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$15,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Annual fee$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Minimum Monthly Repayment2% or $25 whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
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

Pros

  • Receive 90,000 bonus Qantas points when you spend $4,000 on everyday purchases within 60 days of account opening.
  • Discounted $295 annual fee for the first year.
  • Get rewarded with up to 1 Qantas Point per $1 spent on eligible purchases.

Cons

  • This card reverts to a relatively high annual fee of $395 after the first year.
  • This card comes with only up to 44 days interest-free on purchases, as opposed to most cards that offer up to 55 days.
Rewards ProgramQantas Frequent Flyer
Bonus Points90,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap12,500

Benefits and features of the NAB Qantas Rewards Signature card

  • Bonus Qantas Points. You can give your points balance a boost of 90,000 bonus Qantas Points when you spend $4,000 on everyday purchases within 60 days of opening the account. That's enough points to fly return from Sydney or Melbourne to Hong Kong in premium economy, among other things. You’ll also earn 1 bonus point for every dollar spent on selected Qantas services in Australia. NAB may vary or end this offer at any time.
  • Reduced first year annual fee. Save $100 with a reduced $295 annual fee for the first year, reverting to $395 p.a. thereafter. NAB may vary or end this offer at any time.
  • Qantas Points as you spend. Earn 1 Qantas Point per $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, points are capped at 12,500 per statement period. Please note that you can only earn points on eligible purchases.
  • Seven complimentary insurances. When you spend at least $500 on prepaid travel costs with the NAB Qantas Rewards Signature Card before your trip, you’ll be covered for travel cancellation, overseas medical expenses, lost luggage or travel documents with insurance issued by QBE. You will also receive complimentary purchase protection insurance and extended warranty cover when you make a qualifying purchase.
  • 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 6 months on balance transfers with a 2% balance transfer fee, which reverts to the standard cash advance rate. Note that minimum monthly repayments are required. You can transfer balances from Australian cards not issued by NAB.
  • Eligible for Samsung Pay. You can link your NAB credit card with Samsung Pay to make contactless payments using your qualifying Samsung device at the checkout.

Rates and fees of the NAB Qantas Rewards Signature card

  • Annual fee. This card charges a standard annual fee of $395.
  • Purchase rate. Purchases will collect an interest rate of 19.99% p.a.
  • Cash advance rate. If you use the card for cash advances, a 21.74% p.a. interest rate will apply. You’ll also be charged a cash advance fee of 2% or $2.50, whichever is greater.
  • Interest-free days. If you pay your balance in full, you’ll receive up to 44 interest-free days on purchases.
  • Additional cardholder. To earn Qantas Points faster, you can add 1 additional cardholder to your account for $0.

How to apply for the NAB Qantas Rewards Signature card

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

Eligibility requirements

  • Are you at least 18 years old? Applicants must be 18 years old or above to qualify for this card.
  • What is your residential status? 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 provide the last overseas address you lived in, as well as other details of your residency status.

The documents and information you’ll need to provide

  • Proof of income. 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.
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42 Responses

  1. Default Gravatar
    November 15, 2018

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

    • finder Customer Care
      JhezelynNovember 16, 2018Staff

      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

  2. Default Gravatar
    XujieNovember 14, 2018

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

    • finder Customer Care
      NikkiNovember 14, 2018Staff

      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

  3. Default Gravatar
    LeesaOctober 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

    • finder Customer Care
      JeniOctober 25, 2018Staff

      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

  4. Default Gravatar
    FelicityJuly 17, 2018

    How long does it take for the points to be paid – if I make the $4000 minimum spend before 60 days, will the points be paid earlier, or only after 60 days?

    • finder Customer Care
      NikkiJuly 17, 2018Staff

      Hi Felicity,

      Thanks for getting in touch with finder.

      When you meet the spend requirements of $4000 minimum within the 60 days allowance, your points will be credited after the 60 days elapse.
      Hope this clarifies!

      Nikki

  5. Default Gravatar
    SALJune 30, 2018

    HI , my question I see was asked before but not replied to,
    1- do you require a minimum income for the NAB 90,000 rewards bonus card?
    2 – do BPAY payments qualify in the $4000 min spend in first 2 months?

    • finder Customer Care
      NikkiJuly 2, 2018Staff

      Hi Sal,

      Thanks for your message and for contacting finder.

      1- do you require a minimum income for the NAB 90,000 rewards bonus card?

      – You can get the 90,000 rewards bonus card when you spend $4,000 on everyday purchases within 60 days of account opening and there is no minimum income required.

      2 – do BPAY payments qualify in the $4000 min spend in first 2 months?

      – Yes, you’re BPAY Payments through NAB qualify as everyday purchases.

      Hope this clarifies!

      Cheers,
      Nikki

  6. Default Gravatar
    MickJune 17, 2018

    I am retired, I receive a reduced centrelink pension because my wife is working.
    I draw down some super as needed. Am I eligible for a card to receive 100,000 bonus points.

    • finder Customer Care
      JoshuaJune 18, 2018Staff

      Hi Mick,

      Thanks for getting in touch with finder. I hope all is well for you. :)

      You can apply for this card and get approved provided that you meet all the eligibility requirements. Upon applying, you will need to provide your proof of income, employment history, and other personal details.

      Moreover, you won’t automatically receive the 100K bonus points. You must first meet the spending requirements, which is outlined on our page.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  7. Default Gravatar
    zMay 15, 2018

    Hi,
    If I were to pay a fine for $4000 with this credit card via BPAY would that count as an everyday purchase? Would I still receive the 100,000 bonus points?

    • finder Customer Care
      JeniMay 15, 2018Staff

      Hi Z,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      Some bill payments like paying a fine may be treated as cash advances based on how they are processed. For example, if your BPAY biller isn’t setup to accept credit card payments but you pay with your credit card anyway, your card provider will process the payment as a cash advance and accordingly charge you the cash advance interest rate (and a cash advance fee). You won’t earn points when this happens either. When in doubt, you should always clarify with your biller if they accept credit card payments.

      Please note that the minimum spend required to get bonus points usually relates to eligible purchases only. These can vary between cards, but they usually include everyday spending on groceries, petrol, dining and retail shopping. Common exclusions are cash advances, BPAY transactions and government charges.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  8. Default Gravatar
    StevenApril 27, 2018

    I am considering applying for a NAB Qantas Rewards Signature card. I am fully retired with a defined benefit pension that is indexed against CPI for the rest of my life. That means that I don’t have an employer, but I can prove my defined benefit pension payments. Can that qualify for this card? Thank you.

    • finder Customer Care
      JeniApril 27, 2018Staff

      Hi Steven,

      Thank you for getting in touch with finder.

      Generally, NAB accepts pensioner or retired applicants. When you apply, you may be asked your most recent pension benefit statement. If you don’t have an account with NAB, just get identified by filling out all the necessary fields while processing your application online.

      You may want to know which other banks accept retired and pensioner applicants, please check this guide.

      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

  9. Default Gravatar
    EdApril 11, 2018

    Is there complimentary qantas lounge access?

    • finder Customer Care
      JhezelynApril 11, 2018Staff

      Hello Ed,

      Thank you for your comment.

      You will earn 1 Bonus Point for every dollar charged to your NAB Qantas Rewards Signature for the purchase in Australia from one of the Qantas services like being a Qantas Club and Qantas Frequent Flyer member. Please note that if your are a Qantas Club members have access to the largest Australian and international lounge network of any Australian airline. For more details about this, kindly check the Qantas website. I hope this helps.

      Regards,
      Jhezelyn

  10. Default Gravatar
    AndyApril 8, 2018

    My wife got NAB Qantas Rewards Signature credit card early this year and she also got me a supplementary card. Will I be eligible for the bonus points if I apply for a new NAB Qantas Rewards Signature credit card on my own?

    • finder Customer Care
      JeniApril 8, 2018Staff

      Hi Andy,

      Thank you for getting in touch with finder.

      Yes, you will still be eligible for the bonus points when you apply for a card under your name and you meet the eligibility criteria that is when you spend a minimum of $4,000 on eligible transactions within 60 days of account opening.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

Credit Cards Comparison

Rates last updated November 17th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Save on credit card costs with half the annual fee for the first year and a 0% p.a. interest rate on purchases for 14 months.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive:
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).

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