Earn 90,000 bonus points on a new NAB Rewards Signature when you spend $2,500 on everyday purchases within 60 days of account opening.
The NAB Rewards Signature gives you the flexibility to redeem your points for a variety of rewards including travel, merchandise and frequent flyer points for Velocity, Cathay Pacific/Asia Miles or Air New Zealand Airpoints. This card also comes with seven complimentary insurances, including overseas travel insurance and purchase protection insurance.
Apply and get approved for the NAB Rewards Signature and you will earn a bonus 90,000 points when you spend at least $2,500 on everyday purchases within the first 60 days. For your regular spending, you will earn 1.25 NAB Rewards points per $1 spent, uncapped.
| 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 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 Limit | 90% of available credit limit |
| Purchase rate (p.a.) | 19.99% p.a. |
| Annual fee | $295 p.a. |
| 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 Type | Visa |
| 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 Insurance | Yes |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | Yes - Conditions apply |
| Annual fee | $295 p.a. |
|---|---|
| Minimum Monthly Repayment | 2% 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 Fee | 2% or $2.50 (whichever is greater) |
| Overseas ATM Withdrawal Fee | $5 |
| Gambling Transactions Allowed | Yes |
Pros
- Get 90,000 bonus points when you spend $2,500 on everyday purchases in the first 60 days of account opening.
- Receive 0% p.a. interest rate on balance transfers for 6 months.
- This card comes with complimentary travel insurance and purchase protection insurance.
Cons
- Balance transfer rate reverts to a high cash advance rate, currently 21.74% p.a.
- You only get up to 44 days interest-free on purchases.
- A one-time 2% balance transfer fee applies.
| Rewards Program | NAB Rewards |
|---|---|
| Bonus Points | 90,000 bonus points |
| Rewards Points per $ spent (VISA/MC) | 1.25 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
Benefits and features of the of the NAB Rewards Signature credit card
The highlights of this NAB credit card include:
- 90,000 bonus points offer. Earn a bonus 90,000 NAB Rewards points when you spend $2,500 on everyday purchases in the first 60 days from account opening. NAB may vary or end this offer any time. As an example, you could redeem 90,000 NAB Rewards points for 45,000 Velocity Points or over $450 in Coles gift cards (86,540 points).
- 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.
- Complimentary travel insurance. Enjoy comprehensive overseas travel and medical insurance when you pay for at least $500 of your pre-booked travel with your card. The NAB Rewards Signature also offers you transport accident insurance, interstate flight insurance and domestic hotel burglary cover, issued by QBE.
- Complimentary purchase insurances. Eligible purchases made with the NAB Rewards Platinum Card are covered by purchase protection insurance against theft, loss or damage for up to 3 months, extended warranty insurance for up to 12 months and price protection insurance to help you get the lowest price for your purchases.
- Concierge service. Enjoy access to a concierge service 24/7 for help with travel recommendations, bookings and a wide range of other lifestyle services. This service is provided by Visa Worldwide.
- Balance transfer rate. The NAB Rewards Signature offers 0% p.a. on balance transfers for 6 months with a 2% balance transfer fee when you apply to transfer debt from non-NAB credit card or store card accounts. Note that minimum repayments apply. At the end of the introductory period, any debt remaining from the transfer will attract the variable cash advance interest rate. You can transfer balances from Australian cards not issued by NAB.
- Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay or Google Pay to make contactless payments using your qualifying device at the checkout.
What transactions don’t earn points?
With the NAB Rewards Signature, you’ll earn points on most everyday purchases. However, you won’t earn points a number of transactions including cash advances, interest charges and other bank fees, payments to the Australian Taxation Office, balance transfers and gambling. Refer to the NAB Rewards terms and conditions booklet for full details.
Rates and fees of the NAB Rewards Signature credit card
Consider these costs to decide if the NAB Rewards Signature credit card is right for you:
- Annual fee. This card has an annual fee of $295.
- Purchase rate. This card has a variable purchase rate of 19.99% p.a.
- Interest-free days. Up to 44 interest-free days on purchases when you pay your balance in full by the due date on each statement. Note that you won’t receive interest-free days on purchases while you have a balance transfer.
- Cash advance rate. This card has a variable cash advance interest rate of 21.74% p.a.
- Cash advance fee. If you use your card for a cash advance transaction, a fee worth 2% or $2.50 (whichever is greater) applies.
How to apply for the NAB Rewards Signature
You can apply for the NAB Rewards Signature online in a few minutes. Before you get started, make sure you meet the following eligibility requirements.
Eligibility criteria checklist
- How old are you? You must be at least 18 years old to apply.
- What is your residency status? You can apply for this card as an Australian citizen, permanent resident or temporary resident. If you are not a citizen or permanent resident, you will need to provide the last overseas address where you lived, as well as other details of your residency status.
Information and documents you’ll need
Keep these details handy to help speed up the application process.
- Personal information. You’ll need to provide your full name, date of birth, street address, email address, phone number and driver's licence number. You’ll also need to include your marital status and details of any dependants.
- Employment details. This includes your current job, salary, length of employment and your employer’s contact details. You also need to provide recent employment history.
- Financial details. If you have any other forms of income or assets (such as savings or shares), you’ll need to provide these details in your application. You also need to include information on any existing loans and debts, as well as an estimate of your monthly personal expenses.
The NAB Rewards Signature offers a range of premium features, uncapped points and flexible rewards. Remember to weigh these benefits against the costs and fees of this card to help you decide if it’s the right option for your needs.
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Hi,
My son is about to apply for NAB signiture rewards credit card. As I would like to apply as well for the second card holder is that to do at the same time both of us or to wait while my son get the approval?
Kety
Hi Kety,
Thanks for reaching out to Finder! It’s good to know that your son is looking to apply for the NAB signature rewards card. When your son has been approved of this card, he then can request for an additional cardholder. You need not apply since he just needs to request a second card that you can use and it will bear your name on the card. Please note that you will be sharing the credit limit and/or he can assign how much credit limit to put on your card. All transactions using the additional card will be the responsibility of the primary cardholder. As a friendly reminder, read the eligibility criteria, features, and details of the card, as well as the Product Disclosure Statement and Terms and Conditions of the card before making a decision and consider whether the product is right for you.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
With regards,
Nikki
I just need a chance of getting my credit card back
Hello Sheila,
Thank you for your question.
My understanding is that you wanted to have reactivate your old credit card. If this is correct, usually some card issuers may allow this request in a certain span of time, provided it hasn’t been deactivated due to default or other bank-initiated closures.
Given that it was due to delinquency, what we can recommend is for you to make payment arrangements with your provider. On strides, you may also follow our advice on how to improve your credit.
Alternatively, we have written some credit options that you may qualify for should you need time to repair your credit.
Hope this helps.
Cheers,
Jonathan