NAB Qantas Rewards Signature credit card review

Not yet rated

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 on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
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
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2% or $2.50, whichever is greater
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee
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
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 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.

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.
Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

38 Responses

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. Default Gravatar
    April 8, 2018

    hi is there a list of what are eligible purchases. I cancelled my citibank cards because of their policy on eligible/ineligible purchases. restrictions on gas/electricity bills and any bills payed at post office. And what is minimum income for NAB qantas rewards signature card?
    Thanks

    • finder Customer Care
      JoelApril 9, 2018Staff

      Hi Russ,

      Thanks for leaving a question on finder.

      Eligible purchases are generally defined as everyday purchases which involve the exchange of a good or service for a payment. Transactions that do not qualify as eligible purchases generally include business expenses, gambling transactions, balance transfers, BPAY payments and cash advances.

      If you need anything else, please send me a message.

      Cheers,
      Joel

    • Default Gravatar
      April 9, 2018

      Hi Joel
      thanks for your prompt reply. Im now retired but nave good income from my SMSF .I will apply for this card and hope they dont reduce points cap after i get card , like Macquarie and citibank have done halfway thru first year.

    • finder Customer Care
      MayApril 9, 2018Staff

      Hi Russ,

      Thank you for getting in touch.

      If you will apply for this NAB Qantas Rewards Signature card, you need to provide NAB information of your assets or a recent superannuation statement. Please note though that there is a 12,500 cap of Qantas Frequent Flyer points per statement period. You will can 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. Best to review this card first before you apply. When you’re ready, you can click on the ‘Go to NAB’s website’ and process your online application from their main page.

      Cheers,
      May

  8. 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

  9. Default Gravatar
    MaryApril 3, 2018

    Does the travel insurance include your partner and dependent children?

    • finder Customer Care
      JeniApril 3, 2018Staff

      Hi Mary,

      Thank you for getting in touch with finder.

      Yes, if your spouse or dependent children are travelling with you they will also be covered under the policy.

      If you want to know more about the NAB complimentary travel insurance, please check out this link.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  10. Default Gravatar
    JosephMarch 23, 2018

    What happens to your Qantas points if you cancel this card within the first year. or 2nd year or 3rd?

    • finder Customer Care
      JeniMarch 23, 2018Staff

      Hi Joseph,

      Thank you for getting in touch with finder. Qantas Points will expire if your account is inactive (for example, if you don’t redeem or earn any points) over a period of 18 months. Once your points have expired, you can’t get them back. You may also refer to this link for further info about the Qantas Points.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

Credit Cards Comparison

Rates last updated August 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Offers a 0% for 24 month balance transfer option, first year annual fee waiver and a competitive purchase rate.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site