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Up to 160k Spend $3,000 within the first 60 days (120,000 points), keep card for over 12 months (40,000 points)
NAB Rewards Signature Credit Card
NAB Rewards Signature Credit Card

NAB Credit Cards

NAB Rewards Signature Credit Card

Updated 24 April 2024

Get up to 160,000 NAB Rewards bonus Points on a new NAB Rewards Signature Card (120,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days and 40,000 bonus points when you keep your card open for over 12 months).

Enjoy a reduced annual fee of $145 for the first year (currently $295), plus 0% p.a. for 12 months on balance transfers (a one-off 3% balance transfer fee applies). Earn 1.25 NAB Rewards Points for every dollar spent on everyday purchases, and redeem from the NAB Rewards store or convert to Accor Live Limitless points for travel savings, privileges and experiences. T&Cs apply.

Points Earn Rate (per $1 spent)

1.25 points

NAB

Rewards Program

NAB Rewards

Bonus Points

Up to 160k pts

Spend $3,000 within the first 60 days (120,000 points), keep card for over 12 months (40,000 points)

Pros and cons

  • Up to 160,000 NAB Rewards bonus Points on a new NAB Rewards Signature Card when you keep your card open for over 12 months. Points will be awarded on a tiered basis: 120,000 bonus Points when you spend $3,000 in the first 60 days + 40,000 bonus Points after 12 months*
  • NAB Rewards points can now be automatically converted to Accor Live Limitless points for travel discounts
  • 0% p.a. for 12 months on balance transfers with a one off 3% balance transfer fee. Reverts to variable cash advance rate of 21.74% p.a.
  • Reduced annual fee of $145 for the first year, currently $295
  • Earn rate 1.25 NAB Rewards Points per $1 spent on eligible purchases
  • 24/7 NAB Concierge
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • 3% balance transfer fee

Creditcard.com.au review

Editor Review

NAB Rewards Signature Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

⚠ Upcoming personal credit card changes: From 18 April 2024, NAB is making changes to personal credit cards and some updates to the terms and conditions. A summary of the upcoming changes can be found here.

The NAB Rewards Signature Credit Card with up to 160,000 NAB Rewards bonus Points

If you want something more from your credit card, perhaps the NAB Rewards Signature Credit Card is for you. Designed to offer prestige perks, this rewards card lets you earn as you spend on NAB’s own rewards program while enjoying a number of excellent features and benefits. You can see the full range of features and benefits on NAB's website.

Still want more? To sway your decision, NAB is currently offering a pretty sweet deal as an introductory offer, providing new cardholders with up to 160,000 NAB Rewards bonus Points to spend on all sorts of lovely stuff within the NAB Rewards Store.

* Just be aware that to be eligible for the bonus points, you can’t be an existing NAB customer who has already applied for or is currently entitled to NAB Rewards Bonus points for a new home loan or personal credit card within 18 months of applying for the NAB Rewards Platinum credit card.

NAB has also partnered with Accor, giving you the chance to convert your NAB Rewards points into Accor Live Limitless (ALL) points and redeem them for hotel stays. 6 NAB Rewards points equals 1 ALL point, which you can set up as an automatic transfer for convert manually in batches of 3000 NAB Rewards points.

Your bonus points can be converted into ALL points, too. For Signature cardholders, your 180,000 NAB Reward points will earn 30,000 ALL Reward points, which is the equivalent of AUD$1,000 towards a hotel stay (as long as you meet the bonus point criteria by spending $3,000 within 60 days of opening your account and have the card open for over 12 months). When you use your ALL points for an eligible one-night stay, you'll be fast-tracked to ALL Gold status, which gives you guaranteed room availability, room upgrades where available, early or late check-in and a welcome drink.

So, with all those perks in mind, let’s look a little closer at this prestige piece of plastic to find out if it’s got what it takes to keep you happy as a cardholder.

What we love...

Before we get into anything else, we really have to talk about that introductory offer. Providing you with a nice chunk of points to get you started, the NAB Rewards Signature Credit Card is currently offering - 120,000 bonus Points when you spend $3,000 on everyday purchases in the first 60 days (credited to your points balance within 3 months of meeting the spend criteria) and 40,000 bonus Points after 12 months (credited to your points balance within the 13th month).

What does 160,000 NAB Rewards bonus Points mean for you? Well, as a guide, that would equate to $780 in gift cards. If you’re not keen on gift cards, also available within the NAB Rewards Store is a range of homewares and technology as well as travel-related purchases through Webjet.

As for your everyday earn rate, this card allows you to earn 1.25 NAB Rewards Points per $1 spent on everyday purchases, double points boost on purchases made in major department and hardware stores, and triple points boost with Webjet when traveling overseas or on overseas purchases made here in Australia.

And, while it may not be the big headliner here, there is a balance transfer offer available as well. If you want to pay down existing credit card debt, you could transfer it to the NAB Rewards Signature Credit Card to benefit from 0% p.a. on balance transfers for 12 months with a 3% balance transfer fee.

Adding more to the awesome offers of this card is the reduced annual fee which new cardholders will enjoy. You will save $150 for the first year on the annual fee, currently $295.

What’s not so great...

What should you know before you apply for the NAB Rewards Signature Credit Card? Well, as you would expect from a prestige card, there is a significant annual fee to cover, as well as a relatively high interest rate on purchases and cash advances.

However, you may find that you’re getting enough back from the card to make the annual fee worthwhile, while avoiding interest by paying off the balance month-to-month. What’s also worth bearing in mind though is that the minimum credit limit is $15,000 and any unpaid balance transfers revert to the variable cash advance rate of 21.74% p.a. when the intro period ends.

Why should you choose this card?

If you love the bonus Points on offer and the earn rate available, you may be interested in some of the other features this card could provide. With the NAB Concierge Service, you have your own personal assistant available 24/7 for travel and lifestyle services, as well as ticket reservation assistance from Visa Front Line Access.

Overall Rating

A prestige card that earns points on the NAB Rewards program, offering up to 160,000 NAB Rewards bonus Points, 0% p.a. for 12 months on balance transfers, reduced annual fee for the first year, and a host of convenient features and benefits.

User reviews

NAB Rewards Signature Credit Card ( based on 2 Creditcard.com.au user reviews )

81% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.99% p.a.

Cash advance rate 21.74% p.a.

Interest free period on purchases up to 44 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee 3% one off

Balance transfer limit 90% of approved credit limit

Brands you can't balance transfer from NAB

Credit limits

Minimum credit limit $15,000

Maximum credit limit $75,000

Fees & repayments

Annual fee $295 p.a.

Additional cardholder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $25 whichever is greater

Annual fee the first year $145

Cash advance fee 3% or $3.00 whichever is greater

Late payment fee $15

Rewards and points

Rewards program

Rewards Program NAB Rewards NAB Rewards

Bonus points Up to 160k points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 within the first 60 days (120,000 points), keep card for over 12 months (40,000 points)

Earning points with this card

NAB Rewards points 1.25 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 6 months

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Overview

NAB Rewards Signature Credit Card

Key features

  • Up to 160,000 NAB Rewards bonus Points on a new NAB Rewards Signature Card when you keep your card open for over 12 months. Points will be awarded on a tiered basis: 120,000 bonus Points when you spend $3,000 in the first 60 days + 40,000 bonus Points after 12 months
  • Earn rate 1.25 NAB Rewards Points per $1 spent on eligible purchases
  • Points can be automatically converted to Accor Live Limitless points, including bonus points

  • 0% p.a. for 12 months on balance transfers with a one off 3% balance transfer fee. Reverts to variable cash advance rate of 21.74% p.a.
  • Reduced annual fee of $145 for the first year, currently $295
  • Variable Purchase rate: 20.99% p.a.
  • Up to 44 interest-free days on purchases
  • Your own 24/7 personal assistant for travel and lifestyle services with NAB Concierge
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, Fitbit Pay, Garmin Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

24 questions (showing the latest 10 Q&As)

Hadrian

Hadrian

30 January 2024
Why did NAB remove complimentary priority pass airport lounges for NAB Signature rewards card ?
    Pauline - CreditCard.com.au

    Pauline

    31 January 2024
    Hi Hadrian, we’re not quite sure why this could have been removed sorry. You can reach out to NAB directly to find out more. Alternatively, NAB offer the DragonPass Airport Lounge for sale in the NAB rewards shop. It costs ~15,000 points to get in. Hope that helps!
Allan

Allan

6 September 2023
The bonus points (up to 140 000) are only accessible in the first year. Is this correct.
    Pauline - CreditCard.com.au

    Pauline

    8 September 2023
    Hi Allan! Sort of - with this card, you get 100k points in the first 2 months (if you spend $3000 on regular items) but then you also get another 40k points if you keep the card longer than 12 months (meaning you have to renew it for a second year). So, essentially you’re getting two lots of bonus points over 2 years. I hope that clears it up! Thanks Allan.
Tanya

Tanya

17 August 2023
Hello Pauline My husband and I are looking at using a credit card for everyday use, so we want to get the most from it by having a rewards / points attached to the card. The balance would be paid out every month. we just aren’t sure on what would be the best card – I was looking at the NAB rewards signature only because we have NAB accounts. The only loans we have apart from everyday expenses is a house mortgage. Can you recommend any other cards for us to look at? Thanks
    Pauline - CreditCard.com.au

    Pauline

    23 August 2023
    Hi Tanya, there sure are plenty of different rewards cards to choose from and sometimes going with who you bank with will see you not get the “best” offer for you. NAB also has some exclusions around who is eligible for bonus points as I mentioned above in the review. The other thing to consider is it will also depend on the rewards scheme you sign up for and how you’ll use those points. Whether it’s for cashback, flights or household goods. See our guide to NAB Rewards for more information on this credit card program and where the points transfer to and can be used for. It’d be worth having a look at our rewards credit card comparison page to sort, filter and read our reviews to find the one that works for you. Hope that helps Tanya!
Graham W

Graham W

8 August 2023
Hi Pauline I'm trying to do the maths of whether this card would be worth going for (assuming I keep the card for at least 2 years). These are my workings : First year fee : -195 Second year fee: -295 Average spend per month : $3000 -> 24 months * 1.25 points = 90,000 points Bonus for spending $3000 in first month = 100,000 points Bonus for staying into second year = 40,000 points => 230,000 points If I converted these to Flybuys, it would be $1150 dollars Taking away the card fees, I would be $660 better off ? Also, would I get additional points when swiping my Flybuys card, or would that be double counting ? Thanks in advance
    Pauline - CreditCard.com.au

    Pauline

    9 August 2023
    Hi Graham, I love this! This is exactly how people should calculate the value of a rewards card. :clap: So yes, you can absolutely double-dip with your Flybuys card which is a great way to stack up extra points. If you're after Flybuys, another card to look at is the Coles Rewards Mastercard. Using your same numbers, you would earn 72k Flybuys on your spending each year + 50k bonus points (194k points total = $970). But, the annual fee is only $99 and you get the same features as the NAB card plus no international transaction fees (and you can still tap your Flybuys card too). Just food for thought Graham - I'm sure you'll be able to calculate the numbers and find a card that gives you the most bang for your buck! Just remember you'll need to pay off your card each month so you're not paying interest and devaluing your points. Thanks Graham!

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