NAB Qantas Rewards Signature credit card review

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 rate0% p.a. for 6 months with 2% balance transfer fee
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term 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 is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$15,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
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

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 at 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 variable 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 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. If you pay your balance in full, you’ll receive up to 44 interest-free days on purchases.
  • Additional cardholder. To earn Qantas Points faster, you can add 1 additional cardholder to your account for $0.

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.
  • How much do you earn? 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.

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.
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52 Responses

  1. Default Gravatar
    GregMay 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
      MaiMay 19, 2019Staff

      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

  2. Default Gravatar
    TravellerMarch 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
      JohnMarch 15, 2019Staff

      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

  3. Default Gravatar
    jaradMarch 5, 2019

    I’m currently a NAB Visa credit card cardholder linked to Virgin but would like to also have a NAB Visa Credit card linked to Qantas.

    Am I still eligible for the bonus points?

    • Avatarfinder Customer Care
      JeniMarch 6, 2019Staff

      Hi Jarad,

      Thank you for getting in touch with Finder.

      So long that you haven’t received NAB Qantas Rewards Bonus Points then you’d be eligible for the bonus points. You will be redirected to NAB’s official page after clicking the go to site button on this page, where you may apply for this card. Kindly go through the ‘Important information’ part of the page and make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    GerardFebruary 19, 2019

    With the NAB VISA Rewards, and specifically the 90,000 bonus points offer, will purchases made overseas contribute to the $4000 minimum spend for the first two months? Thank you.

    • Avatarfinder Customer Care
      JhezFebruary 21, 2019Staff

      Hi Gerard,

      Thank you for your comment.

      Overseas purchases made outside or here in Australia is considered an eligible purchase and can contribute to the net purchase amount.

      Regards,
      Jhezelyn

  5. Default Gravatar
    SueJanuary 13, 2019

    What is the 90000 points valued in aus $

    • Avatarfinder Customer Care
      JohnJanuary 14, 2019Staff

      Hi Sue,

      Thank you for leaving a question.

      Qantas points redeemed for flights are worth closer to 1.1 cents on domestic, and 0.7 cents on international per point. So for domestic that would equate to $990 and for international that is $630. Hope this helps!

      Cheers,
      Reggie

  6. Default Gravatar
    November 15, 2018

    Please advise what charges are considered as “Government fees and charges” excluded for earning Qantas points using NAB signature rewards card.

    • Avatarfinder Customer Care
      JhezNovember 16, 2018Staff

      Hello Amy,

      Thank you for your comment.

      The government fees are charges are those charges imposed by the government including ATO payments.

      You can earn NAB Rewards and frequent flyer points on bills as long as they’re considered eligible purchases and 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.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  7. Default Gravatar
    XujieNovember 14, 2018

    What is the recommended minimum income required, to apply for this card?

    • Avatarfinder Customer Care
      NikkiNovember 14, 2018Staff

      Hi Xujie,

      Thanks for getting in touch! The minimum income required is not available on our page at the moment. It is advisable to contact NAB directly for this.
      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  8. Default Gravatar
    LeesaOctober 24, 2018

    Hi there,

    I’m really confused about this NAB cards eligible purchases. Are Bpay power, gas, telephone etc. included as eligible purchases? Also, does this card offer supplemental cards? If so, how many?

    Kind regards,
    Leesa

    • Avatarfinder Customer Care
      JeniOctober 25, 2018Staff

      Hi Leesa,

      Thank you for getting in touch with finder.

      With NAB, BPAY is not explicitly listed as an ineligible transaction like most credit card providers, so most BPAY transactions are eligible. However, some transactions, like payments to the ATO or government fees & charges, if made through BPAY are still ineligible.

      In regard to your supplemental card query, with this card, you can add one additional cardholder for free.

      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

  9. 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?

    • Avatarfinder 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

  10. 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?

    • Avatarfinder 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

Credit Cards Comparison

Rates last updated May 20th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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