Point Hacks Credit Card Guide

Increased 100,000 Qantas Points bonus with the NAB Qantas Rewards Signature Visa

NAB Qantas Rewards Signature Visa - 100,000 Qantas Points

NAB are offering 100,000 bonus Qantas Points with the NAB Qantas Rewards Signature Visa, earning 1 Qantas Point per $ spent up to $5,000 per statement period, and 0.5 Qantas Points per $ thereafter, up to $20,000.

  • 100,000 bonus Qantas Points after $3,000 minimum spend within 60 days of account opening
  • 1 Qantas Point earned per $ spent up to $5,000, then 0.5 points per $ thereafter, capped at $20,000 per statement period
  • 2 Qantas Points earned per $ spent on selected Qantas products and services
  • 7 complementary Insurances including overseas travel insurance when you meet eligibility criteria (PDS)
  • $395 p.a. annual fee
  • Offer expires: 25th February 2018
  • $3,000 spend within 60 days of account opening required to trigger bonus points
  • Offer unavailable if closing/transferring from another NAB credit card account

Find out more or apply →

Point Hacks earn a range of commissions for applicants of NAB credit cards. More about this →

NAB has increased the bonus to 100,000 Qantas Point for new applicants of the NAB Qantas Rewards Signature Visa. The card also offers the highest earn rate amongst the trio of NAB Qantas Frequent Flyer linked credit cards.

The Qantas Rewards Signature Visa comes with a $395 annual fee; and the NAB Qantas Rewards Premium card has 25,000 bonus Qantas Points with a $250 annual fee. Both offers come with minimum spend requirements to trigger the bonus, with Signature at $3,000 and Premium at $2,500, both within 60 days of opening the account.

NAB launched the Qantas Rewards Signature earlier in 2017 as a Visa-only option (the rest of their Qantas card range also moved to Visa-only from 13 November 2017 with more info on this below).

It earns 1 Qantas Point per $ up to $5,000 spent per statement period, and 0.5 Qantas Point per $ from $5,001 to $20,000, positioning it above the existing NAB Qantas Premium card which has a hard cap of $6,000 per statement period.

This points cap is disappointing given the annual fee, but some people are likely to be able to make the card work for them if they are in the hunt for a high Qantas Points earn rate.

The NAB Qantas Rewards Premium Visa has a $250 annual fee with an earn rate of 0.66 Qantas Point per $1 up to $3,000, and 0.33 Qantas Point per $1 from $3,001 to $6,000 per statement period.

This guide also covers the NAB Qantas account, a sub-$100 annual fee card aimed at lighter spenders.


Changes to the NAB Qantas Premium and Classic credit cards from November 13th

NAB announced in October 2017 that they will be removing the American Express companion accounts on all their frequent flyer rewards cards including the Qantas Premium and Classic accounts effective 13th November 2017.

This comes after the changes NAB announced earlier this year that took effect on July 1st, which we outlined in more detail here. This also means that NAB are now offering Visa only accounts on all their rewards cards, with slightly higher earn rates but reduced points cap on the Premium account.

In summary, NAB will be:

  1. Removed the companion American Express from all accounts effective 13th November 2017
  2. Increased earn rates on their Qantas and Velocity Premium Rewards cards, up to a points cap ($3,000/month)
  3. Lowered the initial points cap for both Qantas and Velocity Premium cards ($3,000 from $5,000 per statement period), but slightly increased the hard cap to $6,000 per statement period
  4. Retained Visa earn rates and points cap for their classic Qantas and Velocity Rewards cards
  5. Existing cardholders will be able to use their American Express accounts until 20th February 2018

We have updated this guide to reflect the changes mentioned.


Digging into the details of NAB’s Qantas Frequent Flyer Credit Cards

The NAB Qantas card range has the Signature, Premium and a standard Classic account, with the Signature Visa at $395 annual fee, Premium with an annual fee of $250, and Classic at $95.

The key differences between Signature and Premium are earn rates and points caps – the Premium card earns 0.66 Qantas Point per $1 up to $3,000 and 0.33 Qantas Point from $3,001 to $6,000 per statement period with a lower annual fee, whereas the Signature Visa offers a 1 Qantas Point per $1 earn rate across all spend, reducing to 0.5 Qantas Points per $1 over $5,001 per statement period (up to $20,000).

You’ll get access to a range of insurances with both the Signature and Premium cards, which may or may not be of use – one to look into with your own specific circumstances in mind. The insurances included are below, with the full PDS for them here.

  • Overseas Travel Insurance
  • Price Protection Insurance
  • Interstate Flight Insurance
  • Transport Accident Insurance
  • Domestic Hotel Burglary Insurance

This guide references some of the benefits of insurance policies provided with this card.

You should read the PDS and obtain independent professional advice before obtaining this product.

NAB Qantas Rewards Signature Visa - 100,000 Qantas Points

NAB are offering 100,000 bonus Qantas Points with the NAB Qantas Rewards Signature Visa, earning 1 Qantas Point per $ spent up to $5,000 per statement period, and 0.5 Qantas Points per $ thereafter, up to $20,000.

  • 100,000 bonus Qantas Points after $3,000 minimum spend within 60 days of account opening
  • 1 Qantas Point earned per $ spent up to $5,000, then 0.5 points per $ thereafter, capped at $20,000 per statement period
  • 2 Qantas Points earned per $ spent on selected Qantas products and services
  • 7 complementary Insurances including overseas travel insurance when you meet eligibility criteria (PDS)
  • $395 p.a. annual fee
  • Offer expires: 25th February 2018
  • $3,000 spend within 60 days of account opening required to trigger bonus points
  • Offer unavailable if closing/transferring from another NAB credit card account

Find out more or apply →

Point Hacks earn a range of commissions for applicants of NAB credit cards. More about this →

Card Details

CardNAB Qantas Signature Visa
Loyalty ProgramQantas Frequent Flyer
Points earned from spend1 Qantas Point per $ up to $5,000 then 0.5 Qantas Point per $ thereafter
Points earned with Qantas2 Qantas point per $ spent
Points Cap$20,000 per statement period
Earns points at ATONo
Insurance includedSeven complimentary insurances including overseas travel insurance and purchase protection (PDS)
Overseas transaction fee3% of the converted amount
Minimum Credit Limit$15,000
Annual fee$395

The NAB Qantas Signature Visa card is focused on maximising your points earn from Visa spend – up to $5,000 per statement period, at least. There’s also an additional bonus Qantas Point per $ spent on Qantas products and services, such as flights and Qantas Club membership.

NAB Qantas Rewards Premium Visa - 25,000 Qantas Points

NAB are offering 25,000 bonus Qantas Points with the NAB Qantas Premium Visa, comes with complementary insurances and earns 0.66 Qantas Point per $ spent up to $3,000 per statement period, and 0.33 Qantas Point per $ thereafter, up to $6,000.

  • 25,000 bonus Qantas Points after $2,500 minimum spend within 60 days of account opening
  • 0.66 point per $ spend up to at $3,000 per statement period
  • 0.33 points per $ from $3,001 to $6,000 statement period
  • 7 complementary Insurances including overseas travel (PDS), concierge and other platinum card benefits
  • $250 p.a. annual fee
  • Offer expires: 25 February 2018
  • $2,500 spend within 60 days of account opening required to trigger bonus points
  • Offer unavailable if closing/transferring from another NAB credit card account

Find out more or apply →

Point Hacks earn a range of commissions for applicants of NAB credit cards. More about this →

Card Details

CardNAB Qantas Rewards Premium Visa
Loyalty programQantas Frequent Flyer
Points earned from spend0.66 points per $ up to $3,000 per statement period
0.33 points per $ from $3,001 to $6,000 statement period
Earns points at ATONo
Insurance includedSeven complimentary insurances including overseas travel insurance and purchase protection
Overseas transaction fee3% of the converted amount
Annual fee$250

The NAB Qantas Premium account offers 0.66 Qantas Point per $1 on spend up to $3,000 per statement period and 0.33 Qantas Point per $1 from $3,001 to $6,000 per statement period.

NAB Qantas Rewards Visa

NAB are 4.99% p.a. on balance transfers for 6 months with the $95 per year NAB Qantas Rewards Visa, which earns 0.5 Qantas Point per $ spent up to $3,000 per statement period.

  • 4.99% p.a. on balance transfers for 6 months
  • 0.5 Qantas Point earned per $ spent up to $3,000 per statement period
  • Complementary Purchase Protection Insurance
  • $95 p.a. annual fee
  • Balance Transfer must be applied for during card application, a 2% balance transfer BT fee applies
  • Offer unavailable if closing/transferring from another NAB credit card account

Find out more or apply →

Point Hacks earn a maximum of $90 per applicant for this card. More about this →

Card Details

CardNAB Qantas Rewards Visa
Loyalty programQantas Frequent Flyer
Points earned from spend0.5 points per $1
Points cap$3,000 per statement period
Earns points at ATONo
Insurance includedPurchase protection
Overseas transaction fee3% of the converted amount
Annual fee$95

The NAB Qantas Classic account annual fee is $95. You’ll also get some purchase protection insurance with this card, and a 0.5 Qantas Point per $1 earn rate . Read the Purchase Protection PDS here.

This guide references some of the benefits of insurance policies provided with this card.

You should read the PDS and obtain independent professional advice before obtaining this product.

There aren’t any other benefits, but for a sub $100 annual fee combined account, that’s to be expected.

Summing up – NAB Qantas Rewards Signature Visa, NAB Qantas Rewards Premium and Classic Visa accounts

NAB’s Qantas card range now offers a number of options which are useful to those collecting Qantas Points, however with so much competition in the market for Qantas credit cards, it is well worth comparing and considering with the alternatives out there to ensure you’re getting a bundle of bonus points, earn rates, card features/benefits and annual fees that work for your circumstances.

Increased 100,000 Qantas Points bonus with the NAB Qantas Rewards Signature Visa was last modified: November 29th, 2017 by Keith

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Point Hacks Credit Card Information

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Comments Expand Comments

  1. Mark

    The offer online (https://www.nab.com.au/business/business-cards/nab-qantas-business-signature-card#Qantas_Rewards_Special_offer)
    states
    “Qantas Rewards Special offer
    ….Everyday business purchases excludes transactions NAB decides are wholly or partly for gambling or gaming purposes. ……”
    No mention of ATO payments excluded there, although they are excluded in the
    “Qantas Points” section. Which made me think that perhaps the ATO expenditure was OK for the $3000 minimum spend for the bonus, but not to earn points.
    After a 30 minute call they say “No” the ATO expenditure won’t be counted.
    Looks like you need to buy a lot of paper clips.

  2. Jono

    Is there a minimum time from when you closed your last nab card to opening this one?
    For example Amex had a 12 month waiting period in their eligibility criteria for the explorer card.
    I had a nab card where I got the bonus and then closed it earlier this year but am not a customer anymore. Can I still apply?

    • In the terms and conditions it states:

      Offer is not available when closing/transferring from another NAB credit card account

      So it looks like you’ll be eligible for the bonus points if you did that earlier in the year but it wouldn’t hurt to give NAB a call to confirm that you are eligible before applying.

  3. Jay

    I literally just applied for the 90k deal last month (minimum spending hit and paid after the 1st month) – I wonder if I can possibly talk to them about the 100k deal instead since it’s right after I signed up?

    • Weirdly, no.

      From the landing page:

      You will earn 1 Bonus Point for every dollar charged to your Card Account for the purchase in Australia of the following services directly from Qantas (ie. where Qantas, and not its agent, is identified as the merchant on the credit card transaction):

      Qantas flights
      Qantas Club and Qantas Frequent Flyer memberships, and
      purchases from ‘Qantas Travel’ customer shop fronts.

  4. Matt

    I closed my NAB a month ago, right after I got bonus points.

    Doesn’t seem like terms say there’s a waiting period, just can’t be closing or transferring?

  5. Dean

    As an existing NAB premium Qantas card holder, would I be eligible for the signup bonus? I previously received bonus points when I signed up close to 3 years ago.

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