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NAB Qantas Rewards Signature Card

Advertiser disclosure
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
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Mozo editorial review NAB Qantas Rewards Signature Card

Last updated: 1 October 2020.

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What's hot
  • 130,000 bonus Qantas Points + 75 Status Credits (conditions apply)
  • 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. Plus 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 130,000 Qantas Points and 75 Status Credits!

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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 and 75 status credits, by spending $3,000 on everyday purchases within 60 days of the account opening and keeping the account open for more than 12 months. You'll have to be quick though, as this offer ends on 30 November 2020.

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.

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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.

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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 24 November 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

18,770 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 $18,770 (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.

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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

Other benefits

75 bonus Status Credits when you spend $3,000 on eligible purchases in the first 60 days.

Customer Reviews

How are NAB credit cards rated by the Mozo community?

Overall
6.7/10

Based on 4260 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 reviews of NAB Qantas Rewards Signature Card

  • Overall 8/10
    Good service, good products.

    Great customer service at local branch. Easy to setup new accounts, including joints accounts and advice on savings credit cards.

    Read full review

    Great customer service at local branch. Easy to setup new accounts, including joints accounts and advice on savings credit cards.

    Price
    6/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Aaron, Victoria reviewed 3 months ago
  • Overall 8/10
    An expensive credit card packed with features

    The Qantas Rewards Signature Credit card is packed with benefits and features providing a comprehensive overall product. The limits and insurance are standard and not standout but the inclusive price protection is a bonus feature which many credit cards no longer offer, however the criteria to qualify for this are quite strict. The annual price for this card is high but if qualifying for bonus points and insurance then it can be offset. Staff have been helpful when answering questions about the product and setting up shared access between additional card holders.

    Read full review

    The Qantas Rewards Signature Credit card is packed with benefits and features providing a comprehensive overall product. The limits and insurance are standard and not standout but the inclusive price protection is a bonus feature which many credit cards no longer offer, however the criteria to qualify for this are quite strict. The annual price for this card is high but if qualifying for bonus points and insurance then it can be offset. Staff have been helpful when answering questions about the product and setting up shared access between additional card holders.

    Price
    5/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Henry, Victoria reviewed 5 months ago
  • 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 12 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.

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0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

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