- 120,000 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: 90,000 bonus points when you spend $3,000 in the first 60 days + 30,000 bonus points after 12 months
- Earn rate 1.25 NAB Rewards Points per $1 spent
- Enjoy complimentary insurances, including Overseas Travel Insurance for trips up to 6 months 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.
- Up to 44 interest-free days on purchases
- 24/7 NAB Concierge
- Tap and pay your way. Enabled for Apple Pay, Google Pay, NAB Pay, Fitbit Pay, Garmin Pay and Samsung Pay
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NAB Credit Cards
NAB Rewards Signature Credit Card
Updated 19 October 2020
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
NABRewards 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
Pros and cons
- 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. Ask Roland a Question 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
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% or $2.50 whichever is greater
Late payment fee $15
Rewards and points
Rewards program
Rewards Program
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 - up to 6 months
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. Points will be awarded on a tiered basis: 90,000 bonus points when you spend $3,000 in the first 60 days + 30,000 bonus points after 12 months
- Earn rate 1.25 NAB Rewards Points per $1 spent
- Enjoy complimentary insurances, including Overseas Travel Insurance for trips up to 6 months when you spend $500 or more of your pre-booked travel using your card.
- Up to 44 interest-free days on purchases
- 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 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.
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