Rewards Signature Card card image

NAB Rewards Signature Card

Advertiser disclosure
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.74% p.a. (3.00% balance transfer fee)
Annual fees
Interest free days on purchases
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Mozo editorial review NAB Rewards Signature Card - last updated: 15 March 2022

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What's hot
  • 140,000 bonus points if you spend $3,000 in first 60 days + keep card open for over 1 year
  • 1.25 points per $1 spent
What's not
  • $295 annual fee
  • 19.99% p.a. purchase rate
Mozo snapshot

Earning a little something extra on your spending may be exactly what you want from your handy piece of plastic, in which case, the NAB Rewards Signature Card and it’s cash back, flight and gift card rewards could be just what you're looking for. Earning rewards is made even easier when you can bag up to 140,000 bonus points by spending $3,000 on everyday purchases during the first 60 days and keeping your account open for over 12 months.

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Key features

Like the sound of collecting premium perks, freebies and bonuses while you spend on your plastic? Then the NAB Rewards Signature Card is definitely worth a look.

You can hit the ground running on your rewards earning by scoring up to 140,000 bonus points (100,000 when $3,000 is spent on everyday purchases within the first 60 days and then 40,000 points in your 13th month). Other than that, you’ll earn 1.25 points per $1 on your spending, and there’s no need to worry about claiming your rewards by a certain deadline, as the points are uncapped and never expire.

You can redeem points for things like retail products, gift cards or cash back through the NAB Rewards program, but if you’re looking for other ways to claim rewards, then you can convert your points to either Airpoints Dollars, Asia Miles or Velocity Frequent Flyer Points. If you aren’t connected with any of those programs, you can also use your points to book flights with lots of different airlines through Webjet.

More than just rewards, NAB Rewards Signature Card comes with some inbuilt perks, including things like extended warranty on products and concierge services.

If you’re looking to clear some lingering credit card debt, the NAB Rewards Signature Card also comes with a 0% p.a. balance transfer rate for the first 12 months, although keep in mind that there’s a 3% BT fee and any leftover balance after this period will be charged interest at the steep 21.74% p.a. cash advance rate.

If you want to share this card with a significant other, you can do so for no extra cost as you get an additional cardholder for free.

Who is it good for

As you’re able to connect the NAB Rewards Signature Card with a couple different airline partners to claim flight rewards, this card is great for travellers looking to funnel all their points into flight rewards.

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Any catches

The rewards potential of the NAB Rewards Signature Card is great, but the card does come with a $295 annual fee, so make sure you weigh up the ongoing fee against the freebies and perks on offer. 

Also, please note, travel claims related to COVID-19 are not covered by any NAB complimentary credit card travel product - remember to check the T&C's.

Rewards program details

Rates and fees information correct as at 18 May 2022. 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

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

20,410 points

$100 Cash

25,000 points

Points earning

1.25 points per dollar on Visa, uncapped

Rewards scheme

Points are automatically credited to the NAB Rewards Program.

Redeem points via Webjet to book any flight you want.

Special offers

Receive up to 140,000 Bonus Points. That's 100,000 Points if you spend $3,000 on everyday purchases within 60 days of account opening and an additional 40,000 in the 13th month.

Value of rewards points

Spend $20,000 (Visa)

Spend $16,328 (Visa)

Spend $12,480 (Visa)

Spend $191,360 (Visa)



How do we calculate these points?
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.


Rate and fee details


19.99% p.a.


0% p.a. for 12 months and then 21.74% p.a. (3.00% balance transfer fee)


21.74% p.a.








2%, Min $2.50









Travel claims related to COVID-19 are not covered by any NAB complimentary credit card travel product.

Payment options

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

Rewards privileges

Extended Warranty,
Purchase Protection,
International Travel Insurance,
Transit Accident Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance

Other benefits

Redeem NAB Rewards points via Webjet to book flights with any airline.

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