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Our verdict

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.

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 Marketplace (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 domestic travel insurance.

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

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.

Details

Product details

Product Name	NAB Qantas Rewards Signature Card
Balance transfer rate p.a.	0% for 12 months with 3% balance transfer fee, then 21.74%
Balance transfer limit	90% of available limit
Purchase rate p.a.	19.99%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$15,000
Max credit limit	$75,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

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

Fees

Annual fee	$295 first year ($395 after)
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	3% or $3, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	1

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, domestic travel 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 a variable interest rate of 19.99% p.a.

Cash advance rate. If you use the card for cash advances, a 21.74% p.a. variable interest rate will apply. You’ll also be charged a cash advance fee of 3% or $3, 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.

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October 19, 2023

Hi If I were to get 90,000 qantas points and then close my Card will I loose my 90K points?or will they still be available on my qantas id

Amy Bradney-George Finder

October 19, 2023

Hi LK,

The points would remain in your Qantas Frequent Flyer account once they have been added there, even if you cancelled the card after that. But keep in mind that if you cancel the card before the points have been added to your frequent flyer membership, you would not get the points. I hope this helps.

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Sathyan

August 22, 2023

Hi, I am looking to apply for NAB signature card. What is the minimum income requirement to apply?

Amy Bradney-George Finder

August 25, 2023

Hi Sathyan,

NAB does not list a specific income amount that’s required for this card. But it does state you need to receive a regular income. It’s also worth considering this card’s minimum credit limit, which is currently $15,000. Your application would need to show that you have enough income to service the minimum limit after you cover all your existing financial commitments. Finder’s guide to minimum income requirements has more details that may be helpful. If you have further questions about this card or the application, you can call NAB on 13 22 65 to discuss your specific situation. I hope this helps.

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Michelle

August 21, 2023

Hi, do you know what the Rewards Points Cap of 20,000 means? Thanks

Amy Bradney-George Finder

August 21, 2023

Hi Michelle,

The rewards points cap means you only earn Qantas Points for $20,000 of eligible spending in each statement period. A statement period is typically 30 days long, so if you spend less than $20k a month the points cap will be less noticeable, based on the card’s earn rates. If you spend more than that in a month, you can compare other Qantas Frequent Flyer credit cards to find one with a higher cap or no cap. I hope this helps.

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lindsay

August 11, 2023

Hi , Do I need to keep my card for over a year to receive my 90000 points after i have spent $3000 in sixty days and forgo the extra 30000 points.

Amy Bradney-George Finder

August 14, 2023

Hi Lindsay,

According to NAB’s terms and conditions for this offer, the 90,000 bonus Qantas Points would be credited to your points balance within 3 months of meeting the spend criteria. So you wouldn’t have to keep it open after the points were credited unless you wanted to. I hope this helps.

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Paul

August 09, 2023

Hi I have a platinum card which I have had for many years I would like to update to the NAB Qantas Rewards signature card and take advantage of the bonus points.

Amy Bradney-George Finder

August 11, 2023

Hi Paul,

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. If you meet this requirement and the other eligibility criteria, you can apply for this card through NAB. If you have further questions about applying, you can contact NAB on 13 22 65. I hope this helps.

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Sally McMullen was a creative content producer at Finder. Sally wrote 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. See full profile

NAB Qantas Rewards Signature Card

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