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.

The NAB Qantas Rewards Signature has one of the biggest bonus Qantas Points offers on the market right now, with 120,000 bonus points up for grabs if you keep the card for at least 13 months. To give you an idea of your points potential, you could book a return economy flight from Sydney to New York (110,400). You could also redeem them for $525 worth of Woolworths WISH digital gift cards through the Qantas Marketplace (109,100 points for two $250 gift cards and 5,500 for one $25 gift card).

To get 90,000 of these bonus points, you’ll need to spend $5,000 on eligible purchases within the first 90 days of account opening. You then need to keep the account open for over 12 months (paying the second year’s annual fee) in order to get the other 30,000 bonus Qantas Points.

You’ll also receive five complimentary insurance covers, including purchase protection insurance and domestic travel insurance.

Pros

Up to 120,000 bonus Qantas Points
Complimentary insurance covers
Complimentary Qantas Frequent Flyer Membership

Cons

Spend requirement to get bonus points is tricky
High ongoing annual fee of $420
No lounge passes or travel credit

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.

With this offer, you'll earn 90,000 bonus Qantas Points when you're approved and spend $5,000 on everyday purchases within the first 90 days. You’ll receive the other 30,000 bonus points in the 13th month of the card being open and paying the full second year annual fee.

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 days	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	$420
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$15
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

How to apply

If you’ve compared your options and decided the NAB Qantas Rewards Signature card is right for you, make sure you meet the eligibility requirements and organise the necessary information before you apply.

Eligibility criteria

New cardholder. To be eligible for the bonus points, you must be a new customer, meaning you cannot hold or have held a NAB Qantas rewards card in the previous 12 months.
Residency. You can apply if you're an Australian citizen or permanent resident. If you are not a citizen or permanent resident, you will need to have an acceptable visa. Many visas are acceptable but the following are not: Visitor Visa (exception, a Special Category Visa - NZ Citizen is acceptable), Working Holiday, Student, Exchange/gap year, Transit/short stay/seasonal, and Bridging.

Income. NAB does not explicitly state a required minimum income, but it will be factored into your application along with the rest of your financial information. You may call the customer service team to discuss your specific personal circumstances.
Age. You must be at least 18 years old.
Eligible balance transfer. If you request the balance transfer at the time of application, you can transfer up to 90% of your available credit limit from Australian-issued, non-NAB cards.

Required documents

Finances. You must provide copies of recent payslips or bank statements.
Employment. You'll need to provide details of your employment including employer's name, workplace address and time in employment.
Personal details. You'll need to prove your residential address, which you can usually do by providing copies of utility bills to that address.
Frequent flyer number. To earn Qantas Points, you’ll need to provide your Qantas Frequent Flyer membership number to NAB.
Balance transfer details. If you are planning to transfer a balance, you’ll need to provide the details of the account(s), including the institution and account number.

Card benefits

Up to 120,000 bonus Qantas Points. You can give your points balance a boost of 90,000 bonus Qantas Points when you apply, get approved and spend $5,000 on everyday purchases within 90 days of opening the account. These points will be credited to your account within 3 months of meeting the spend requirement. The other 30,000 bonus points will be credited in the 13th month when you’ve kept your account open. The bonus points offer is not available for anyone has received a NAB Qantas rewards acquisition bonus points offer in the last 18 months.
Qantas Points as you spend. Earn 1 Qantas Point per eligible $1 spent up to $5,000 and then 0.5 Qantas Points per $1 spent between $5,001 and $20,000 per statement period. Therefore, total points are capped at 12,500 per statement period.

Complimentary insurance. The NAB Qantas Rewards Signature offers purchase protection insurance, extended warranty insurance, car rental excess in Australia insurance, domestic travel insurance and international travel insurance. These complimentary insurance policies are issued by Allianz and you should refer to the NAB Card Insurance Policy Information Booklet for full details of what’s covered and when you’ll be eligible for cover.
Complimentary Qantas Frequent Flyer Membership. If you're not already a member of the Qantas Frequent Flyer Program, you can join for free. This saves you the $99.50 joining fee (as at 29 June 2021).
Concierge service. Provided by Visa Worldwide, cardholders will also enjoy their own personal assistance for travel and lifestyle services with the NAB 24/7 Concierge.
Balance transfer rate. This card has a 0% p.a. interest rate for 12 months on balance transfers with a 3% balance transfer fee, which reverts to the variable cash advance rate, currently 21.74% p.a.
Mobile wallets. You can link your NAB credit card with Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or Garmin Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Annual fee. This card charges a standard annual fee of $420 p.a.
Purchase rate. Purchases will collect a variable interest rate of 20.99% p.a.

Cash advance rate. If you use the card for cash advances, a 21.74% p.a. variable interest rate will apply. You’ll also be charged a cash advance fee of 3% or $3, whichever is greater.
Interest-free days. Receive up to 44 interest-free days on purchases when you pay your balance in full, or if your statement shows an interest free days amount, in full, by the statement due date.
Additional cardholder. To earn Qantas Points faster, you can add 1 additional cardholder to your account for $0.

Sources

NAB Qantas Rewards Signature Card TMD

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Kathy

January 23, 2025

Can you balance transfer more than one card?

Sarah Megginson Finder

January 23, 2025

Hi Kathy,

Yes, you can usually transfer more than one card when you’re doing a balance transfer, but the total amount you transfer must be less than 90% of the new card’s total. For instance, if the new card is $10,000, you can transfer balances from multiple cards up to $9,000.

Hope this helps!

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Richard Whitten Finder

January 23, 2025

Hi Kathy,

Yes, you can transfer multiple card balances onto one NAB card.

Kanav

January 11, 2025

Hi, I have a nab platinum rewards card earning me velocity points, will I still be considered as a new customer for this card as I have not had a Qantas earning card with them?

Thanks

Angus Kidman Finder

January 13, 2025

Hi Kanav, NAB’s conditions only specify that you’re not eligible if you’ve had a “NAB Qantas rewards acquisition bonus points offer in the last 18 months”, so a Velocity card should not affect your eligibility. However, you’d need to have sufficient income to comfortably maintain payments on both cards. Hope this helps.

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Pat

November 24, 2024

After joining up, spending >$3,000 in the first 30 days (noting must spend >$3,000 in first 60 days for points offer to be valid), I still have not received any Qantas points. There is nowhere in NAB online banking to indicate a link to my Qantas FF and in Qantas FF account there is no evidence of the linked NAB card that i can see. How long does it take to receive points and how do i ensure the card is linked to my Qantas FF? Many thanks.

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Sarah Megginson Finder

November 25, 2024

Hi Pat,

The terms and conditions state it can take up to 12 weeks for the points to be credited to your account, but in practice, the points are often credited to your account the month after the statement period in which they are earned. For instance, if you meet the min. spend in October, they’ll be credited by end November.

If you’re concerned that your points might not be credited, you should contact NAB and confirm they’ve recored your rewards number. You can usually find it on your statement.

Hope this helps!

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Ann

November 16, 2024

Hi, what’s the minimum income requirement for this card? Thanks

Richard Whitten Finder

November 17, 2024

Hi Ann,

I checked but this card doesn’t list a minimum income requirement. This is common for a lot of credit cards. The card has a minimum credit limit of $15,000, which is quite high.

It’s hard to estimate what kind of income you’d need for a card but with a high credit limit like this you’d probably need to earn above $75,000 a year. But that’s a very rough guess.

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Colin

November 10, 2024

After receiving the 90,000 bonus points, how long after can I cancel the card?

Is it worth it to miss out on the 30k and pay the 2nd year higher annual fee?

Richard Whitten Finder

November 10, 2024

Hi Colin,

You could, in theory, cancel the card as soon as the 90,000 Qantas Points reach your account. You’d lose the 30,000 extra points but you’d avoid the second year annual fee.

So the question is really, what is the value of those 30,000 Qantas Points? Are they worth more than $420 to you? Here’s a guide on how to estimate the value of Qantas Points: https://www.finder.com.au/frequent-flyer/qantas/frequent-flyer-analysis-how-much-is-1-qantas-point-worth

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Sally McMullen is a journalist with five years of experience covering credit cards and consumer finance. As co-host of the Two Broke Chicks podcast and co-author of Rich In Life, Sally shares valuable money-saving tips and life lessons with her audience. Sally was a Credit Cards Editor at Finder from 2015 to 2020. See full profile

NAB Qantas Rewards Signature Card

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