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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.
120,000
Bonus points
19.99% p.a.
Purchase rate
1
Reward point
Per $ spent
$295 p.a.
Annual fee
for the first year ($395 p.a. thereafter)
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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 |
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 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.
November 14, 2021
Hello would i be able to apply for a credit card while being on a carers pension.
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
October 18, 2019
Is the first year annual fee charged upon issuing of the credit card or at the end of the first year?
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
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.
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
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?
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
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
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