NAB Qantas Rewards Signature Credit Card

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The Big Review: NAB Qantas Rewards Signature Card

NAB’s highest earning Qantas card, the NAB Qantas Rewards Signature Card provides cardholders with much more than just a great earn rate on the Qantas program. If you apply now, you can also receive up to 130,000 bonus Qantas Points, including 100,000 points plus $250 cashback when you spend $5,000 in the first 90 days, and an additional 30,000 points when you keep your card open for over 12 months. You'll also get a personal concierge service, five complimentary insurances and access to exclusive lifestyle, entertainment and travel rewards, deals and discounts through Visa Offers + Perks.

• Up to 130,000 bonus Qantas Points on a new NAB Qantas Rewards Signature Card (100,000 points plus $250 cashback when you spend $5,000 within the first 90 days, and 30,000 points when you keep your card open for over 12 months).
• Annual fee of $420 p.a.
• 0% p.a. on balance transfers for 12 months
• Up to 44 days interest free on purchases
• Earn 1 Qantas Point per $1 up to $5,000 and 0.5 Qantas Points per $1 from $5,001 to $20,000 on everyday purchases
• Earn 1 additional Qantas Point per $1 on eligible Qantas products and services
• Free Qantas Frequent Flyer membership (a saving of $99.50)
• Redeem rewards in the Qantas program, including award flights, products and vouchers from the Qantas store
• 24/7 Personal Concierge
• Access to lifestyle, entertainment and travel rewards, deals and discounts with Visa Offers + Perks
• Complimentary insurance cover on eligible travel and retail purchases
• $15,000 minimum credit limit
• Balance transfer must be applied for during card application (a 3% balance transfer fee applies). BT reverts to variable cash advance rate of 21.74% p.a.
• Offer unavailable if closing/transferring from another NAB credit card account.
• Variable Purchase rate: 20.99% p.a.
• Variable Cash Advance rate: 21.74% p.a.
• Points are capped at $20,000 spend per statement period.
• Interest free days only available if you pay your account in full by the due date each month. You won’t receive interest free days if you have a balance transfer.

This Card: The Lowdown

Providing premium perks and a decent points-earning potential, the NAB Qantas Rewards Signature Card is an excellent choice for cardholders who want to earn big on the Qantas frequent flyer program.

With this card, you can earn Qantas Points on everyday purchases with the opportunity to earn additional points on eligible Qantas spending. If you apply, you can also enjoy up to 130,000 bonus Qantas Points plus $250 cashback.

Splurging 130,000 bonus Qantas Points

Where could you go?

• You could fly Sydney to Auckland one-way six times, using 18,000 Qantas Points each time.
• You could fly Melbourne to Nadi for 20,300 Qantas Points in Economy, or 57,000 Qantas Points in Business.
• You could explore the United States, flying one way from Brisbane to Seattle for 55,900 Qantas Points, Brisbane to Los Angeles or Phoenix for 41,900 Qantas Points each way.

As a premium card, the NAB Qantas Rewards Signature Card has plenty going for it.

• 24/7 Personal Concierge, providing assistance by booking travel, making dinner reservations, buying tickets and arranging the purchase and delivery of gifts for loved ones.
• Access to lifestyle, entertainment and travel rewards, deals and discounts through Visa Offers + Perks.

Five complimentary insurances covering eligible travel and retail purchases:

• International travel insurances cover,
• Extended warranty insurance cover,
• Purchase protection insurance cover,

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the NAB Qantas Rewards Signature Card so you can decide whether this card is right for you.

This Card: As a Rewards Card

As this card has the highest earn rate among the trio of NAB Qantas Frequent Flyer linked credit cards, it offers you the best opportunity to earn big on everyday spending when you choose to bank with NAB.

• Earn 1 Qantas Point per $1 up to $5,000 on everyday purchases,
• Earn 0.5 Qantas Points per $1 from $5,001 to $20,000 on everyday purchases,
• Earn 1 additional Qantas Point per $1 on eligible Qantas products and services.

Because there is a points cap in place, with points being earned on a tiered system, this card may not be suitable for everyone. However, it is worth noting that there is no points expiry on this card.

If you are new to the Qantas program, you will receive free Qantas Frequent Flyer membership when you sign up for this card, giving you a saving of $99.50.

As for the 130,000 bonus Qantas Points, you will receive 100,000 bonus Qantas Points plus $250 cashback when you spend $5,000 in the first 90 days of account opening. An additional 30,000 bonus Qantas Points will be credited when you keep your card open for over 12 months.

Decision Time

If you don’t mind spending $5,000 on your card within the first 90 days and keeping your card for over 12 months, then the NAB Qantas Rewards Signature Card is a strong option, offering up to 130,000 bonus Qantas Points plus $250 cashback. It also comes with a solid earn rate and premium perks such as complimentary insurance cover, a 24/7 concierge service and access to Visa Offers + Perks.