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NAB Qantas Rewards Signature Card

Offers a competitive earn rate and up to 120,000 bonus Qantas Points, but you'll need to wait a year for 30,000 of them.

Winner of the 2020 Finder Award for Best Frequent Flyer Credit Card, the NAB Qantas Rewards Signature is suited to travellers who want to earn Qantas Points as they spend and who will use the card's extra features (like the complimentary insurance covers) to justify the annual fee.

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Bonus points

19.99% p.a.

Purchase rate


Reward point

Per $ spent

$295 p.a.

Annual fee

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

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Product NameNAB Qantas Rewards Signature Card
Rewards programQantas Frequent Flyer
Balance transfer rate p.a.0% for 12 months with 3% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit90% of available limit
Purchase rate p.a.19.99%
Annual fee$295 for the first year ($395 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


  • Up to 120,000 bonus Qantas Points
  • Discounted $295 annual fee for the first year
  • Complimentary insurance covers


  • 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 points120,000
Rewards points per $ spent1
Rewards points cap20,000
Annual fee$295 for the first year ($395 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

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 has one of the biggest bonus Qantas Points offers on the market right now, with 120,000 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 one-way economy flight from Sydney to New York (110,400). You could also redeem them for $575 worth of Woolworths WISH digital gift cards through the Qantas Store (103,650 points for six $100 gift cards and 15,660 for three $25 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 30,000 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.

Card benefits

  • Up to 120,000 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 30,000 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.

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  1. Default Gravatar
    November 14, 2021

    Hello would i be able to apply for a credit card while being on a carers pension.

    • Avatarfinder Customer Care
      November 17, 2021

      Hi Ray,

      Thanks for reaching out.

      You’ll still be able to apply for a credit card on a carer’s pension, whether or not you’d be accepted will come down to your personal financial situation and the overall assessment of the credit card issuer. They may consider looking at some factors, these are but not limited to your source of income, monthly income, other liabilities, creditworthiness, and more.

      As you are receiving a carer’s pension, our guide on credit cards for pensioners may be able to provide you information as to which bank can accept your application. There are quite a number of banks that accept Centrelink payments as a source of income though, all you have you to do is check what documentation they would need. From the page, you may want to check the section: “Application requirements for people who are retired or on a pension.” Of course, please also consider the other application requirements.

      The guide also lists the credit cards that you can compare. Best to check first the eligibility requirements before applying to be sure you’re getting the right card that suits your needs and preferences. Once you’ve chosen a card, just click on the “Go to site” button to see more details about the card and the application button direct on the bank’s main site.

      I hope that this helps.

      Kind regards,


  2. Default Gravatar
    October 18, 2019

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

    • Default Gravatar
      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,

  3. Default Gravatar
    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.

    • Avatarfinder Customer Care
      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.


  4. Default Gravatar
    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?

    • Avatarfinder Customer Care
      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,

  5. Default Gravatar
    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

    • Avatarfinder Customer Care
      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!


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