The exclusive bonus offer have ended and NAB are now offering 90,000 Qantas Points and a reduced first year annual card fee of $295 for new applicants of the NAB Qantas Rewards Signature Visa. The card also offers 0% p.a. interest on balance transfers for six months, and the highest earn rate amongst the trio of NAB Qantas Frequent Flyer-linked credit cards.

The NAB Qantas Rewards Premium card has 30,000 bonus Qantas Points with a $250 annual fee. Both offers come with minimum spend requirements to trigger the bonus, with Signature at $4,000 and Premium at $2,500, both within 60 days of opening the account.

Important note: There is a discrepancy between the terms and conditions listed in this credit card guide and the application page. We can confirm that existing personal NAB credit card holders, regardless of whether they hold a NAB Qantas card or another NAB personal card, are ineligible for this offer; conversely, existing NAB business/commercial customers and new NAB personal customers are eligible for this offer.

How you could use the bonus points from this card

All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.

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 the 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.

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. There’s also an additional bonus Qantas Point per $ spent on Qantas products and services, such as flights and Qantas Club membership.

This card 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 limiting 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.

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
Points Cap$6,000 per month
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.

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 and is aimed at lighter spenders. 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’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.

90,000 bonus Qantas Points and reduced first year annual card fee with the NAB Qantas Rewards Signature was last modified: April 17th, 2019 by Keith