NAB are offering up to 120,000 Qantas Points and a reduced first-year annual card fee of $295 for new applicants of the NAB Qantas Rewards Signature Card.
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 signup bonus is split into two parts, with the first 90,000 Qantas Points to be received after spending $3,000 or more in the first 60 days from approval and an additional 30,000 Qantas Points after the annual fee for the second year is billed on your account.
Other cards in NAB’s Qantas Rewards card range are the Qantas Rewards Premium and Qantas Rewards Classic.
Digging into the details of the NAB Qantas Rewards Signature Card
The NAB Qantas card range is split into Signature, Premium and a standard Classic, with annual fees of $395, $250 and $95 respectively.
The NAB Qantas Signature Card is focused on maximising your points earn from Visa spend. An additional bonus Qantas Point is earned per dollar spent on Qantas products and services, such as flights and Qantas Club membership.
|Card||NAB Qantas Rewards Signature Card|
|Loyalty Program||Qantas Frequent Flyer|
|Points earned from spend||1 Qantas Point per $ up to $5,000 then 0.5 Qantas Point per $ thereafter|
|Points earned with Qantas||2 Qantas point per $ spent|
|Points Cap||$20,000 per statement period|
|Earns points at ATO||No|
|Insurance included||Seven complimentary insurances including overseas travel insurance and purchase protection (PDS)|
|Overseas transaction fee||3% of the converted amount|
|Minimum Credit Limit||$15,000|
|Annual fee||$395 p.a. ongoing|
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.
You will get access to a range of insurances with the Signature Card, which are included below.
- Overseas Travel Insurance
- Transport Accident Insurance
- Interstate Flight Insurance
- Domestic Hotel Burglary Insurance
- Purchase Protection Insurance
- Extended Warranty Insurance
- Price Protection 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 Apple Pay & Google Pay support
NAB cards support Apple Pay & Google Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Frequently asked questions
How do I redeem my NAB Reward Points?
Log in or create an account with the NAB Rewards Store. You can then redeem your points for gift cards or retail items under the ‘Rewards’ tab, or transfer them to airline partners under the ‘Travel’ tab.
NAB’s airline partners are currently Velocity, Asia Miles, KrisFlyer and Air New Zealand Airpoints. Points can also be transferred to Flybuys as well.
How do I claim my NAB Reward Points?
Points that you earn with NAB reward cards will automatically be credited to your NAB Rewards account. To claim these points or see your latest balance before redeeming them, go through Internet Banking, select ‘My Cards’ from the menu, then click on your NAB Rewards Credit Card.
Select the ‘Redeem Points’ button to be redirected to the NAB Rewards Store where you will be able to find your points balance in the top right corner.
Is there a yearly fee for Qantas Frequent Flyer?
Qantas’ loyalty program (Qantas Frequent Flyer) does not have a yearly fee. There is only a one-off sign-up fee, but that can usually be waived if you are signing up with a NAB Qantas credit card.
NAB Qantas credit cards do have an annual fee though, which are usually $95, $250 or $395 on the Classic, Premium and Signature cards respectively.
How do I link my NAB credit card to Velocity?
If you earn NAB Rewards points (i.e. a non-Qantas NAB card), then you can transfer those points to Velocity. It’s not possible to ‘link’ accounts for automatic transfers though; you’ll need to make those transfers manually when desired.
Head to the NAB Rewards Airline Partners page while logged in, and choose the ‘Velocity’ option. You can convert 3,000 NAB Points into 1,500 Velocity Points.
The NAB Qantas Rewards Signature Card is the highest Qantas Point-earning card in NAB’s lineup and will be attractive to those looking to earn Qantas points, especially with the current bonus offer.
Note that this is one of many Qantas earning cards in the market, and it always pays to shop around to make sure that you are getting a bundle of bonus points, earn rates, card features/benefits and annual fees that work for your circumstances.