The NAB Qantas Rewards Signature is suited to travellers who want to earn Qantas Points as they spend and who will use the card's extra features (like the complimentary insurance covers) to justify the annual fee.
NAB Qantas Rewards Signature Card
- Bonus points
- 120,000
- Purchase rate
- 20.99% p.a.
- Reward point per $ spent
- 1
- Annual fee for the first year ($420 p.a. thereafter)
- $320 p.a.
Our verdict
Offers a competitive earn rate and up to 120,000 bonus Qantas Points, but you'll need to wait a year for 30,000 of them.
Pros
-
Up to 120,000 bonus Qantas Points
-
Discounted $320 annual fee for the first year
-
Complimentary insurance covers
Cons
-
Spend requirement to get bonus points is tricky
-
High ongoing annual fee of $420
-
No lounge passes or travel credit
Details
Product details
Product Name | NAB Qantas Rewards Signature Card |
Balance transfer rate p.a. | 0% for 12 months with 3% balance transfer fee, then 21.74% |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | Purchase rate p.a. 20.99% |
Interest-free period | Up to 44 days on purchases |
Cash advance rate p.a. | 21.74% |
Min credit limit | $15,000 |
Max credit limit | $75,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Rewards program | Qantas Frequent Flyer |
Bonus points | 120,000 |
Rewards points per $ spent | 1 |
Rewards points cap | 20,000 |
Fees
Annual fee | Annual fee $320 first year ($420 after) |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
Your reviews
Sally Finder
Producer
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Sarah Megginson Finder
October 04, 2024
Hi Edward,
It includes most everyday shopping and expenses, like groceries shopping, booking travel and concert tickets, paying for parking and buying takeaways. Ineligible spending usually includes fees and interest; cash advances; online gambling; and refunds.
Hope this helps!
Matt
October 03, 2024
If a customer has had a NAB corporate card previously and would now like to have this card under personal names, will they still get the points?
Richard Whitten Finder
October 07, 2024
Hi Matt,
I suggest reaching out to NAB directly with this enquiry. It’s highly specific and they’ll be able to give you a clearer answer.
Kate
August 13, 2024
If I am planning to use this card to make a visa payment, does this come under eligible purchases?
Sarah Megginson Finder
September 13, 2024
Hi Kate,
If you want to use one credit card to pay another card, the only way to do this is by taking out a cash advance (even if you withdraw the funds digitally rather than at an ATM, its considered a cash advance). Cash advances are not considered eligible transactions, and interest is payable immediately, so this isn’t usually the most affordable option.
Hope this helps!
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Pearl
July 09, 2024
What purchases/payments are cash advances
Sarah Megginson Finder
July 17, 2024
Hi Pearl,
A cash advance is when you withdraw money from the account, either using an ATM or as an online transaction. According to NAB, cash advances on this card also include other transactions they consider to be the equivalent of withdrawing cash from your account, eg. most gambling transactions (such as sports betting, casino games, lottery tickets, online gambling), the purchase of travellers cheques, wire transfers or other similar substitutes for cash (such as crypto-currency).
Hope this helps!
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Pearl
July 09, 2024
What purchases/payments are cash in advance? Ie- bpay etc
Sarah Megginson Finder
July 17, 2024
Generally BPay transactions are considered purchases and won’t be treated as a cash advance. It might be treated as a cash advance if you are transferring to a bank account, or trying to make a BPay payment to another credit card.
If your credit card provider does treat a transaction as a cash advance, they will usually warn you that you will be charged interest immediately in the app or online banking when you are trying to make the payment.
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Edward
October 04, 2024
How is “everyday expenditure” defined?