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.

With this offer, you'll earn 90,000 bonus Qantas Points when you're approved and spend $3,000 on everyday purchases within the first 60 days. You’ll receive the other 30,000 bonus points in the 13th month of the card being open- and paying the full second year annual fee.

No reviews yet. Write a review

Sally McMullen

Last Updated Jun 29, 2021

120,000

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)

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product Name	NAB Qantas Rewards Signature Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	90% of available limit
Purchase rate p.a.	19.99%
Annual fee	$295 for the first year ($395 thereafter)
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.74% p.a.
Min credit limit	$15,000
Max credit limit	$75,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	Yes

Pros

Up to 120,000 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 program	Qantas Frequent Flyer
Bonus points	120,000
Rewards points per $ spent	1
Rewards points cap	20,000

Annual fee	$295 for the first year ($395 thereafter)
Minimum monthly repayment	2% of the closing balance or $25, 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% or $2.50, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

Review by

Sally McMullen

sally.mcmullen@finder.com.au

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.

This card also offers a reduced annual fee of $295 for the first year, reverting to $395 p.a. after that. You’ll also receive six complimentary insurance covers, including purchase protection insurance and interstate flight inconvenience insurance.

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.

Income. NAB does not explicitly state a required minimum income, but it will be factored into your application along with the rest of your financial information. You may call the customer service team to discuss your specific personal circumstances.
Age. You must be at least 18 years old.
Eligible balance transfer. If you request the balance transfer at the time of application, you can transfer up to 90% of your available credit limit from Australian-issued, non-NAB cards.

Required documents

Finances. 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.
Frequent flyer number. To earn Qantas Points, you’ll need to provide your Qantas Frequent Flyer membership number to NAB.
Balance transfer details. If you are planning to transfer a balance, you’ll need to provide the details of the account(s), including the institution and account number.

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.

Qantas Points as you spend. Earn 1 Qantas Point per eligible $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, total points are capped at 12,500 per statement period.
Complimentary insurance. The NAB Qantas Rewards Signature offers purchase protection insurance, extended warranty insurance, car rental excess in Australia insurance, interstate flight inconvenience insurance, transit accident insurance and international travel insurance. These complimentary insurance policies are issued by Allianz and you should refer to the NAB Card Insurance Policy Information Booklet for full details of what’s covered and when you’ll be eligible for cover.
Complimentary Qantas Frequent Flyer Membership. If you're not already a member of the Qantas Frequent Flyer Program, you can join for free. This saves you the $99.50 joining fee (as at 29 June 2021).
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 12 months on balance transfers with a 3% balance transfer fee, which reverts to the variable cash advance rate, currently 21.74% p.a.
Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or Garmin Pay to make contactless payments using your qualifying device at the checkout.

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.

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. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Additional cardholder. To earn Qantas Points faster, you can add 1 additional cardholder to your account for $0.

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

58 Comments

Ray
November 14, 2021

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

Reply
- finder Customer Care
  
  Chris
  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,
  
  Chris
  
  Reply
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
- 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
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
- finder 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
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
- finder 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
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
- finder 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

Card Types

Cards from

Credit Cards Tips

Balance Transfer Calculator

NAB Qantas Rewards Signature Card