NAB Rewards Signature
Earn up to 120,000 bonus points on a new NAB Rewards Signature and enjoy the protection of six complimentary insurance covers.
The NAB Rewards Signature gives you the flexibility to redeem your points for travel, merchandise and frequent flyer points for Velocity, Asia Miles or Air New Zealand Airpoints.
Apply for a new NAB Rewards Signature and you will earn 90,000 bonus points when you spend at least $3,000 on everyday purchases within the first 60 days. You'll earn another 30,000 points when you've kept your card open for over 12 months. For your regular spending, you'll enjoy an uncapped earn rate of 1.25 NAB Rewards points per $1 spent.
Per $ spent
|Product Name||NAB Rewards Signature Card|
|Rewards program||NAB Rewards|
|Balance transfer rate||0% p.a. for 6 months with 2% balance transfer fee|
|Balance transfer revert rate||Cash Advance Rate (21.74% p.a.)|
|Balance transfer limit||90% of available limit|
|Purchase rate||19.99% p.a.|
|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|
|Foreign currency conversion fee||3%|
|Available to temporary residents||Yes - Conditions apply|
- Up to 120,000 bonus NAB Rewards Points
- A range of complimentary insurance covers
- 0% p.a. interest rate on balance transfers for 6 months
- Spend requirement to get the full amount of bonus points is tricky
- Annual fee of $295 is high when compared to similar cards
- A 2% fee applies to any balances transferred
|Rewards program||NAB Rewards|
|Rewards points per $ spent||1.25|
|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 ATM withdrawal fee||$5|
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.
How to applyYou can apply for this card online in 25 minutes and get a response in 60 seconds. Before you start, check if you meet the eligibility requirements and have the necessary information ready to complete the application:
- New cardholder. To be eligible for the bonus points offer, you must be a new customer, meaning you cannot hold or have held a NAB 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 to apply.
- Eligible balance transfer. If you elect to transfer a balance, you can transfer up to 90% of your credit limit from Australian-issued, non-NAB cards.
- Personal details. Including your full name, date of birth, residential address, marital status and number of dependents. You'll also be asked to include proof of identification including your driver's licence number, passport or birth certificate.
- Income. You'll need to confirm your annual income and may be asked to provide some recent payslips or bank statements.
- Finances. As well as your income, you'll need to provide information regarding any expenses, assets or liabilities.
- Employment. You'll need to confirm your current place of employment and provide your employer's contact details.
- Balance transfer details. If you are planning to transfer a balance, you'll need to provide the details of that account(s), including the institution and account number.
- Bonus Rewards Points. You can give your points balance a boost of 90,000 bonus NAB Rewards Points when you 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. The other 30,000 bonus points will be credited in the 13th month when you've kept your account open. There's no specified expiry date for this offer, but NAB may vary or end it at any time.
- Rewards program. The NAB Rewards program offers a wide range of rewards including travel with Webjet, merchandise, cashback and frequent flyer points with Velocity, Singapore Airlines KrisFlyer, Asia Miles and Air New Zealand Airpoints. You'll earn 1.25 points per $1 spent on everyday purchases, double points on purchases made with partner merchants and triple points for eligible spending with Webjet, when you're overseas or when you make overseas purchases online. You won't earn points on transactions including cash advances, interest charges and other bank fees, government transactions, balance transfers and gambling.
- Complimentary purchase insurances. The NAB Rewards Signature gives you access to 6 complimentary insurance options: purchase protection insurance, extended warranty insurance, car rental excess in Australia insurance, interstate flight inconvenience cover, transit accident insurance and international travel insurance. Take a look at the NAB Card Insurance Policy Information Booklet (available through the NAB website) for full details on the cover offered.
- Balance transfer offer. The NAB Rewards Signature offers 0% p.a. for 6 months, with a one-time 2% balance transfer fee. At the end of the introductory period, any debt remaining from the transfer will attract the variable cash advance interest rate, currently 21.74% p.a., and you must still make minimum repayments.
- 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 eligible device at the checkout.
Rates & fees
- Annual fee. This card charges an annual fee of $295 p.a.
- Purchase rate. If you carry a balance, your purchases will accrue interest at 19.99% p.a.
- 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.
- Cash advances. This card has a variable cash advance interest rate of 21.74% p.a. When you make a cash advance (such as an ATM withdrawal), you'll also be charged a fee worth 2% or $2.50 (whichever is greater).
- Minimum credit limit. You can apply for a minimum credit limit of $15,000 p.a.