Thumbnail icon for NAB

NAB Qantas Rewards Signature Card

Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
Annual fees
$395 $295 in the first year
Interest free days on purchases
44

Mozo editorial review NAB Qantas Rewards Signature Card

Last updated: 2 March 2020.

binocular icon
What's hot
  • 130,000 Bonus Qantas Points ($3,000 spent in the first 60 days + keep card open for over 1 year)
  • Includes free insurance covers and concierge service
  • Free Qantas Frequent Flyer membership
What's not
  • High $395 annual fee after first year
Mozo snapshot

The NAB Qantas Rewards Signature Card is great for travellers looking to really get those extra rewards out of their spending. The $1 to 1 point for the first $5,000 and $1 to 0.5 points for the next $20,000 each months means big spenders can potentially be racking up a quality 15,000 per month. Add the fact that you if you spend $3,000 in the first 60 days and keep your card open for over 12 months, you’ll be eligible to get an extra 120,000 points and what’s not to like?

key icon
Key features

Rewards are great, whether it’s the old primary school gold star or a sports trophy, getting a little extra for doing a good job is awesome. It’s the same with your spending, which is why the NAB Qantas Rewards Signature Card gives you 1 Qantas point for every dollar you spend for the first $5,000 and 0.5 points for the next $20,000. This allows you to grab a bunch of the gift cards and flights on offer.

If you want to jump right in and get that quick start on your rewards earning then you’ll be excited to know you can get an extra 130,000 bonus points by spending $3,000 on everyday purchases within 60 days of the account opening and keeping the account open for more than 12 months.

When it comes to other premium perks, frequent travellers who prefer flying Qantas are in luck. Along with a free membership to the Qantas Frequent Flyer program, cardholders get to enjoy a range of free insurance covers, including overseas travel insurance, plus a concierge service.

Also, if you are interested in sharing the card with your partner then you’re in luck because the NAB Qantas Rewards Signature Card allows an additional cardholder for free.

The card comes with a regular interest rate of 19.99% but if you’re looking to blast some existing debt, you can start with a balance transfer rate of 0% for the first 6 months (2% balance transfer fee applies), with a revert rate of 21.74%. One thing to keep an eye on is the relatively high $395 annual fee, but the good news is, this is discounted to $295 in the first year.

snapshot
Who is it good for

For big spenders who are looking for rewards geared towards travellers, the NAB Qantas Rewards Signature Card provides a great opportunity to really rack up a lot points and a lot of rewards.

snapshot
Any catches

Although there's a discounted annual fee in the first year, the high $395 annual fee after that means you’ll be paying quite a bit each year to have access to the rewards provided by the NAB Qantas Rewards Signature Card so weigh up whether you’ll get enough use from the rewards program to justify the price tag.

Rewards program details

Rates and fees information correct as at 4 June 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

18,690 points

$100 Cash

-

Points earning

1 point per dollar on Visa, up to $5,000 per month, then
0.5 points per dollar on Visa, up to $20,000 per month

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Bonus points on selected Qantas products and services, including eligible Qantas flights.

Special offers

Receive 100,000 bonus Qantas Points if you spend $3,000 on everyday purchases within 60 days of account opening and an additional 30,000 after 12 months of using the account.

Value of rewards points

Spend $18,690 (Visa)

Spend $8,000 (Visa)

Spend $160,800 (Visa)

at $20,000 monthly

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 19.99% p.a.

  • none

  • 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

  • yes

  • 21.74% p.a.

  • 44

Fees
  • $395.00

  • $295 in the first 1 year

  • none

  • none

  • $15.00

  • 2%, Min $2.50

  • 3.00%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Domestic Hotel Burglary Insurance

Customer Reviews

How are NAB credit cards rated by the Mozo community?

Overall customer rating
6.7/10

Based on 4232 NAB credit card reviews

Price
5.9/10
Features
6.0/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest review of NAB Qantas Rewards Signature Card

  • Overall 6/10
    Decent product, not the best out there.

    Decent product with easy access to funds and banker. Not the best in terms of features as a premium card (no lounge access, not a lot of perks), quite expensive yearly fee unless there is a waiver.

    Read full review

    Decent product with easy access to funds and banker. Not the best in terms of features as a premium card (no lounge access, not a lot of perks), quite expensive yearly fee unless there is a waiver.

    Price
    7/10
    Features
    3/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    4/10
    Less
    Hai, New South Wales reviewed 6 months ago
NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

See NAB credit cards

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Promoted

Bankwest

Bankwest

Breeze Mastercard

12.99% p.a.

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

$79

Promoted

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

Qantas Frequent Flyer

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

12.99% p.a.

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

$99

Promoted

CUA

CUA

Platinum Credit Card

19.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$149 $0 in the first year

Life Rich Rewards

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

CUA

CUA

Platinum Credit Card

Life Rich Rewards

$149 $0 in the first year

No current offer

1 point up to 100,000 points/year

Promoted

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

ING

ING

Orange One Platinum Credit Card

Cashback Rewards

$149

No current offer

1 point up to $3,000/month

Promoted

David Jones

David Jones

American Express Card

Membership Rewards

$99

15,000

1 point uncapped

Promoted

American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

55,000

1.25 points uncapped

Promoted

American Express

American Express

Explorer Credit Card

Membership Rewards

$395

50,000

2 points uncapped

Promoted

American Express

American Express

Platinum Edge Credit Card

Membership Rewards

$195

No current offer

1 point uncapped

Promoted

David Jones

David Jones

American Express Platinum Card

Membership Rewards

$295

30,000

1 point uncapped

Promoted

CUA

CUA

Low Rate Credit Card

0% p.a. for 18 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

Breeze Mastercard

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

12.99% p.a.

$79

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

12.99% p.a.

$99

Promoted

CUA

CUA

Platinum Credit Card

0% p.a. for 18 months and then 21.74% p.a.

19.99% p.a.

$149 $0 in the first year

Life Rich Rewards

Promoted

Bankwest

Bankwest

Zero Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months and then 12.54% p.a.

0% p.a. for 6 months then 12.54% p.a.

$0

Promoted

Suncorp

Suncorp

Clear Options Platinum

0% p.a. for 14 months and then 21.99% p.a.

0% p.a. for 14 months then 20.74% p.a.

$129 $49 in the first year

Suncorp Rewards

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

Breeze Mastercard

12.99% p.a.

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

$79

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Promoted

Credit Union SA

Credit Union SA

Visa Credit Card

10.49% p.a.

0% p.a. for 6 months and then 10.49% p.a.

$39

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

0% p.a. for 6 months and then 11.99% p.a.

$89

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

Bankwest

Bankwest

Breeze Mastercard

12.99% p.a.

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

$79

Promoted

Bankwest

Bankwest

Breeze Platinum Mastercard

12.99% p.a.

0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)

$99

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

ING

ING

Orange One Platinum Credit Card

16.99% p.a.

No current offer

$149

Promoted

Bankwest

Bankwest

Zero Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0