NAB Rewards Signature Credit Card: 120,000 NAB Rewards Points with $3,000 Spend in 60 Days, $145 Annual Fee @ NAB

160
NAB Rewards Signature Credit Card: 120,000 NAB Rewards Points with $3,000 Spend in 60 Days, $145 Annual Fee @ NAB
Go to Deal
its on 02/05/2024 - 19:42 nab.com.au (599 clicks)
Last edited 02/05/2024 - 19:58 by 2 other users

Deal

  • 160,000 NAB Rewards bonus points
  • 120,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 40,000 bonus points when you keep your card for over 12 months. That’s enough for $780 in gift cards.
  • You’ll also enjoy a reduced annual card fee (from $295 to $145) for the first year.

Enjoy five complimentary insurances

Travel insurances

  • International travel insurance
  • Domestic travel insurance
  • Rental vehicle excess in Australia insurance

Purchase insurances

  • Purchase protection insurance
  • Extended warranty insurance

Changes coming from 12th June 2024: https://www.nab.com.au/personal/credit-cards/nab-rewards-car…

Financial Credit Card Reward Points VISA

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)
Visa
Visa

Comments

  • guidedlight on 02/05/2024 - 19:51

    What is a NAB Reward point worth?

  • guidedlight on 02/05/2024 - 19:55
    +2

    This is very good, almost worth a separate deal…

    Complimentary mobile phone Insurance (covering Accidental Damage and Theft to a mobile phone) is provided under a group policy issued by AIG Australia Ltd (ABN 93 004 727 753, AFSL 381 686) (AIG) to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (NAB). Cover is available to all eligible NAB cardholders (Eligible Person). Eligible Persons can claim under the Group Policy as third party beneficiaries in accordance with section 48 of the Insurance Contracts Act 1984 (Cth). If an Eligible Person wishes to claim, such claim will be subject to the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits as further detailed in the terms and conditions for such coverage.

    To be eligible for coverage Eligible Persons must have a contract with a mobile phone provider and a monthly automatic billing arrangement using their eligible NAB card. Any advice provided by NAB about this insurance is general advice only and is not based on any consideration of an Eligible Person’s objectives, financial situation or needs. Eligible Persons must determine whether or not it is appropriate, in light of their own circumstances, to act on this advice. AIG as product issuer is not providing any financial advice about this insurance. NAB is not the product issue, and neither NAB or its related bodies corporate guarantee any of the benefits under this insurance cover.

    Please note that this complimentary insurance coverage and the terms and conditions for coverage will be available from 12 June 2024.

    • scanuck on 02/05/2024 - 22:23

      Why so good? What’s the criteria

      • ol mate on 13/05/2024 - 10:24
        +1

        To be eligible for coverage Eligible Persons must have a contract with a mobile phone provider and a monthly automatic billing arrangement using their eligible NAB card

        Seems to only apply to those who are on contract (i.e. no Boost 12 mth prepaid sims or Belong $19/mth)

  • cyruslol on 02/05/2024 - 19:57

    nab is no good for churners , 18 months waiting period

    • a1234my on 02/05/2024 - 20:11

      Got nab qantas 6 months back, still eligibility for this bonus ?

      • cyruslol on 02/05/2024 - 22:01

        This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card or NAB Home Loan in the 18 months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card.

      • ol mate on 13/05/2024 - 10:24

        NAB run separate exclusion periods for their program (NAB rewards) and QFF cards.

    • Eugklng on 02/05/2024 - 21:48

      What happens if reapply before 18 months from last account closure? Do they reject you outright at application or they will grant you the card but not give you the bonus points after meeting the required spending amount?

      • cyruslol on 02/05/2024 - 22:02
        +2

        approval is subject to your serviceability and credit history. however no bonus points

        • Eugklng on 02/05/2024 - 22:03

          Ok. So probably have to keep track on when last cancelled and wait out the required waiting period before applying again.

          • Brick50 on 03/05/2024 - 18:46

            @Eugklng: Yes, applied 13 months after previous card and we didn't automatically receive bonus qantas points on it, so they definitely track/remember your last card. They did provide us points after making a complaint due to some misleading info in our particular instance… not worth the risk

    • ddhar on 04/05/2024 - 08:11

      The waiting period commences from when the last bonus points were received, not from the last card closure:
      From the T&C: This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card or NAB Home Loan in the 18 months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card.

      I had the Qantas variant and held these close to the anniversary before closing (great earn rates and requirements for travel insurance). In practice, I can close the card and be able to re-apply within the next 7-9 months.

  • Pcosmic on 02/05/2024 - 20:04
    -6

    ROI in $? Someone do the hardwork pls

    • its on 02/05/2024 - 20:15

      If you stick around for 12 months and simply do a gift card say Apple Card or Coles/JB/Kmart/Myer etc for 160,000 points that $783

  • hippo2s on 02/05/2024 - 20:12
    +1

    Will the annual fee $145 get partially refunded once monthly fee kicks in?

    • HolyCr4p on 02/05/2024 - 20:26
      +1

      After 12th June, new rate is 24/ mth. You will receive pro rata refund

      • borgainerz on 13/05/2024 - 12:04

        I was hoping they don't charge you until next year, as you "prepaid" for a year.

  • kokoikaka on 02/05/2024 - 20:29
    +2

    same card with velocity offer is better if you’re going after Velocity points.
    lower fee >$95
    lower spend requirement> $1000
    (https://www.nab.com.au/personal/credit-cards/nab-rewards-car…)

    • HolyCr4p on 02/05/2024 - 20:32

      No flybuys?

      • kokoikaka on 02/05/2024 - 21:11

        maybe yes, I remember I saw some discussion here saying that if you not provide velocity membership for auto transfer, the bonus point will still be credited to you. Then you can manually transfer it to other program. But I haven't tried myself.

  • BatmanAU on 02/05/2024 - 20:44

    So if you go for the 160,000 points, you get roughly $780 in gifts card, but yet you pay $145 then $295 annual fees, so after your $440 in fees, you really get roughly $340 in gift cards (If you go for gift cards that is). Might be better off going the ANZ $1,500 spend get $300 credit, if you trust your applications being looked through by overseas third parties as ANZ outsource this part of its banking.

    • its on 02/05/2024 - 20:50

      Why would you pay $295 annual fee? It’s changing to monthly per links above

      So at most for 13 months you pay $169

      • ZuluOz on 02/05/2024 - 21:07

        $24 a month for twelve months is $288 isn't it?

        So how does that work out to $169?

        • its on 02/05/2024 - 21:14

          But it’s a monthly fee so you should be only charged $24 per month after first year.. and if you spend $5000 per months it’s also refunded… and so if you cancel after 13 months only 1 month fee + 1st year fee should be charged

          Unless I am reading the changes wrong

          Current

          • $295 annual fee
          • No spend fee waiver
          • 3% international transaction fee

          New

          • $24 monthly fee
          • Spend fee waiver (Monthly fee will be reversed when you spend $5,000 or more in a statement period)
          • No international transaction fee
          • ZuluOz on 02/05/2024 - 21:37
            +1

            @its: My reading if the conditions is that you pay the annual fee, then in June they will refund the pro-rata remainder and you pay the $24 a month after that.

            • thargelios on 03/05/2024 - 20:17

              @ZuluOz: It's even better. It's converted to the monthly fee. So seems you'll be given a pro rata refund and then charged a reduce monthly fee, but the fee is waived if you do spend over the $5k. So you could actually get away with a fee of only around $24 (145/12 * 2).

              See below.
              "If you have an annual fee that is lower than the $295 p.a. under a reduced annual fee offer, you will keep your reduced annual fee value for the offer period and it will be converted to a monthly fee. Your monthly fee will revert to $24 per month at the end of that offer period. The monthly fee waiver will still apply."

  • Torch000 on 02/05/2024 - 21:52
    +1

    Brilliant deal! Signed up today, nab approved within 12 hours

    • UrMumsOnlyFan on 04/05/2024 - 09:38
      +1

      I was surprised and impressed to get approved within 8 hours as a non-NAB customer.

      However, I don't know whether there was potentially a better deal (e.g. lower annual fee) for existing customers through the NAB online banking or app. Oh well.

      • Torch000 on 06/05/2024 - 08:10

        Yeah there was mate, i got it for 295 but just realised this post was the normal nab signature but i signed up to the qantas version. Either way i think you get the reduced fee for the life of the card!

  • firestint on 02/05/2024 - 22:57

    But why?

    Just go for this deal instead, you may still choose 120k reward points or 60k Velocity and just need to spend at least $1k with a a $95 fee.

    • ZuluOz on 03/05/2024 - 22:03

      That offer says it'll auto convert to Velocity points though, how do you stop that from happening?

      • firestint on 03/05/2024 - 22:08
        +1

        Login to the app and click to go to nab rewards to turn it off.

  • jscan on 03/05/2024 - 21:27

    NAB treat their Rewards & Qantas credit cards separately right?, as it pertains to the 18 months bonus exclusion period.

  • Jarrod98 on 05/05/2024 - 00:55

    I got this deal for the accor membership program, if you auto convert the points you get gold membership and the points are worth about $660 for hotel stays 👌

    • DKZ370 on 06/05/2024 - 12:46

      Isn't the gold membership a fast-track program? You get the ALL points but for gold you need one (1) paid stay right?

      • regenade on 07/05/2024 - 16:19

        Did you have to pay the reduced annual fee of $145 or full annual fee of $295
        Just checking if you can sign up on this link and then auto convert to ALL after approval if thats ok

    • borgainerz on 13/05/2024 - 15:04

      Can you auto-convert a bit later (right before you need an hotel night in order to activate it)? Or you must set auto-convert when you signup?

  • hytvszz on 06/05/2024 - 14:41

    hi I cannot find any 12 month or 18 month cooling off period, is the terms condition changed?

    • vetopower on 08/05/2024 - 07:28

      Didn't look very hard: This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card or NAB Home Loan in the 18 months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card.

  • thargelios on 06/05/2024 - 20:32

    Thanks for sharing. Applied (finally after 3 tries, seems to time out easy). Approved instantly.

    • borgainerz on 14/05/2024 - 11:12

      3 tries for the same card on the same week?

  • borgainerz on 13/05/2024 - 20:07

    Thanks OP, after further investigation, this seems to be the best offer for my use! (Finally a reward CC with 0% international transaction fee, starting from June)

Login or Join to leave a comment
Login Join