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NAB Rewards Signature Credit Card
NAB Rewards Signature Credit Card

NAB Credit Cards

NAB Rewards Signature Credit Card

Updated 9 October 2019

120,000 Bonus Points on a new NAB Rewards Signature Card when you keep your card open for over 12 months. Minimum $3,000 spend in first 60 days. Earn 1.25 NAB Rewards Points for every dollar spent on everyday purchases.

Points Earn Rate (per $1 spent)

1.25 points

NAB

Rewards Program

NAB Rewards

Bonus Points

120,000 pts

When you keep your card open for over 12 months. Spend $3,000 within first 60 days

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 120,000 Bonus Points on a new NAB Rewards Signature Card when you keep your card open for over 12 months. Minimum $3,000 spend in first 60 days.
  • Earn rate 1.25 NAB Rewards Points per $1 spent
  • Enjoy complimentary insurances, including Overseas Travel Insurance when you spend $500 or more of your pre-booked travel using your card.
  • 0% p.a. for 6 months on balance transfers with a one off 2% balance transfer fee applies. Reverts to cash advance rate.
  • 24/7 NAB Concierge
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay

  • 2% balance transfer fee

Creditcard.com.au review

Editor Review

NAB Rewards Signature Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The NAB Rewards Signature Credit Card with 120,000 NAB 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.

Still want more? To sway your decision, NAB is currently offering a pretty sweet deal as an introductory offer, providing new cardholders with 120,000 bonus NAB Rewards Points to spend on all sorts of lovely stuff within the NAB Rewards Store.

So, without further ado, 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 - 90,000 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 30,000 bonus points after 12 months (credited to your points balance within the 13th month).

What does 120,000 NAB Rewards Points mean for you? Well, as a guide, that would equate to $500 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 on purchases made in major department and hardware stores, and triple points with Webjet, when travelling overseas or on overseas purchases made here in Australia.

And, while it may not be the big head-liner 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 six months, with a 2% balance transfer fee.

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 cash advance rate 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.

On top of that, you have a raft of complimentary insurances covering you, including overseas travel insurance, transport accident insurance, interstate flight inconvenience insurance and domestic hotel burglary insurance, as well as purchase protection, extended warranty and price protection.

Overall Rating

A prestige card that earns points on the NAB Rewards program, offering 120,000 bonus points and a host of convenient features and benefits.

User reviews

NAB Rewards Signature Credit Card ( based on 1 Creditcard.com.au user review )

72% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.99% 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 6 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee 2% one off

Balance transfer limit 90% of approved credit limit

Banks you can't balance transfer from NAB

Credit limits

Minimum credit limt $15,000

Maximum credit limit $55,000

Fees & repayments

Annual fee $295 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment

Cash advance fee 2%

Late payment fee $15

Rewards and points

Rewards program

Rewards Program NAB Rewards NAB Rewards

Bonus points 120,000 points

Annual points cap uncapped

Bonus points spend criteria When you keep your card open for over 12 months. Spend $3,000 within first 60 days

Earning points with this card

NAB Rewards points 1.25 points per $1 spent

Points cap per month N/A

Overseas earn rate 3.75 points per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Domestic hotel burglary insurance

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

Overview

NAB Rewards Signature Credit Card

Key features

  • 120,000 Bonus Points on a new NAB Rewards Signature Card when you keep your card open for over 12 months. Minimum $3,000 spend in first 60 days.
  • Earn rate 1.25 NAB Rewards Points per $1 spent
  • Enjoy complimentary insurances, including Overseas Travel Insurance when you spend $500 or more of your pre-booked travel using your card.
  • 0% p.a. for 6 months on balance transfers with a one off 2% balance transfer fee applies. Reverts to cash advance rate.
  • Your own 24 hour, 7 day personal assistant for travel and lifestyle services with NAB Concierge
  • Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB 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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

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

7 questions (showing the latest 10 Q&As)

ANNA

ANNA

7 August 2019
i would like to ask i open the credit card from NAB With bonus point from 6/2018 i closed from 3/2019if i open the VISA SIGNATURE I CAN GET 90000 QANTAS BONUS POINT OR NOT PLEASE LET ME KNOW THANKS
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 August 2019
    Hi Anna, I have reviewed the terms and you are not eligible as it is under 12 months. This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Qantas Rewards Bonus Points for a new personal NAB Qantas Rewards credit card in the twelve months prior to the opening of a NAB Qantas Rewards Signature Card, NAB Qantas Rewards Premium Card or NAB Qantas Rewards Card account. Have a look at the St George Amplify Signature Qantas. It has 90k Qantas points available as well.
Nik

Nik

7 June 2018
How mAny days does it takes to get the credit card after application at my address
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 June 2018
    Hi Nik, this can vary. Once approved you should have the card within 5 working days.
Antonietta Dominello

Antonietta Dominello

1 June 2018
Hi Roland. Are these points only for rewards points or are they also and can be used for Qantas Frequent Flyer as well?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 June 2018
    Hi Antonietta, these are custom NAB Reward points. If you want to earn Qantas points then I suggest the NAB Qantas Rewards Signature. It comes with 100k bonus Qantas points sign up bonus.
Annette McConaghy

Annette McConaghy

30 March 2018
When are the annual fees paid? When the account is opened, at the end of each yearly period or at a particular time of year??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2018
    Hi Annette, the annual fee is charged typically soon after card activation, then on the anniversary each year.
Bill

Bill

11 March 2018
Hi, can I receive reward points for transferring an amount to another banks credit card? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 March 2018
    Hi Bill, you do not earn reward points on any balance transfer that you make in Australia.
Lee-Anne

Lee-Anne

1 February 2018
What is considered to be everyday purchases please?? Shopping, paying bills etc ?? Grateful if you would clarify NAB's position exactly on what accrues points on this card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 February 2018
    Hi Lee-Anne, yes shopping, paying bills. I have found this PDF on the NAB site - https://www.nab.com.au/content/dam/nabrwd/personal/banking/documents/nab-rewards-terms-and-conditions.pdf. If you look at point 5 its about what transactions don't earn points. There are some goods and services which you can purchase using your card which won’t earn points because they aren’t eligible for the purposes of NAB Rewards. They are: (i) cash advances (which include bills paid over the counter at a bank, financial institution or post office, and the purchase of travellers cheques); (ii) interest charges and other bank fees and charges (including any GST payable on any of these) applicable to your rewards card account or use of the card or to NAB Rewards; (iii) transactions where the card is used to make payments to the Australian Taxation Office (ATO) (including related fees and charges); (iv) balance transfers; (v) transactions where a card is used to access linked transaction accounts; (vi) purchase of foreign exchange or travellers cheques and money orders; (vii) for a personal rewards card account, transactions we decide are wholly or partly for business purposes; and (viii) transactions for gambling and gaming purposes (examples include purchase of lottery tickets purchases of gaming chips or tokens and online gambling).
Mario DePasquale

Mario DePasquale

14 January 2018
are these points Quantas Frequent Flyer Points ??

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