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NAB Qantas Rewards Visa - 115k QFF Points - $395 Fee

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NAB Qantas Rewards Visa - 115k QFF Points - $395 Fee
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chillybags on 16/04/2018 - 14:24 nab.com.au (3497 clicks)
Last edited 16/04/2018 - 14:53 by 1 other user

Pointhacks has teamed up with NAB to offer an exclusive deal on the NAB qantas rewards card. 115k qantas points on offer for the $395 annual card fee and $4,000 spend in first 60 days. This is up from the standard 100k points offered direct through NAB. Pretty good deal if you have used the ANZ FF Black card and the amplify St George. A decent earn rate of 1 point per $1 which is higher than most other Visa cards.

Also includes insurances seen with most premium rewards cards.

Offer unavailable if closing/transferring from another NAB credit card account

Link to Point Hacks article with full description of the offer and a review of the card.

Financial Credit Card Frequent Flyer Qantas Frequent Flyer Reward Points

Related Stores

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

closed Comments

  • RichardF89 on 16/04/2018 - 14:29
    +1

    no annual fee if you have NAB home loan

    • cocomelon on 16/04/2018 - 14:34
      +1

      any home loan? or it has to be the package?

      • RichardF89 on 16/04/2018 - 14:36
        -1

        If you pay the home loan annual fee higher than this then you don't have to pay annual fee for this credit card.

        • xlamik on 16/04/2018 - 14:59
          +3

          It is not true.

          NAB wont supply it under home loan fee. They give another cards. So they decline it initially. However, anyone can speak on phone and told ask to include. They included it for me last time, when I mentioned that in other case I will cancel card.

          So it is not default opinion and must be requested.

        • RichardF89 on 16/04/2018 - 15:06

          @xlamik: The bank staff told me that I don't know what he did. At first NAB give me a not good one then the staff helped me changed to this card without any fee

        • ChickenTalon on 16/04/2018 - 20:35
          +5

          @RichardF89: if you have an NAB homeloan this credit card fee is the least of your worries, what rate are you on?

        • xlamik on 17/04/2018 - 08:25

          @ChickenTalon:

          Free stuff is always free stuff despite rates…

          I just checked I am on 4.02% after latest change. Not best as I know so might start looking soon..

        • jiberz on 17/04/2018 - 09:01

          @xlamik: I have this under my choice package loan and it costs me zero. I asked the loan specialist because I thought it seemed odd and he said as long as you are approved for the card it is fine.

        • BarryBargain88 on 17/04/2018 - 09:42

          @xlamik: Ring them, Tell them you've been preapproved for 3.77 with commbank. It will be a 5 minute conversation and you'll walk away with a rate much lower than 4.02%

        • xlamik on 17/04/2018 - 09:58

          @BarryBargain88:

          Thanks mate. I will do it. Is 3.77 real rate that commbank provides?

        • BarryBargain88 on 17/04/2018 - 12:14

          @xlamik: No but I know people have negotiated that rate with Commbank. nab dont know that you actually havent been pre approved for the loan. You just use that as your leverage. Youll be surprised how easily they drop the rate for you.

        • xlamik on 04/05/2018 - 14:04

          @BarryBargain88:

          Thanks mate

          I had chat and they dropped to 3.82. Not 3.77 but much better than previous rate.

        • akmirror on 05/06/2018 - 18:15

          @xlamik:

          May I ask if your Loan is P&I fixed or variable and Primary Loan or Investment ?

    • castaway on 16/04/2018 - 15:02

      What If I already have on-going NAB home loan, have NAB credit card, could I still apply this and get the same offer without annual fee ?

      • RichardF89 on 16/04/2018 - 15:07
        +2

        That's what I got. Same as your situation.

        • castaway on 16/04/2018 - 15:23

          wow, great news. So you got another credit card (no annual fee) and 115k qantas points already ? I am so excited …

        • RichardF89 on 16/04/2018 - 15:35
          +1

          @castaway: when I applied the card only give 100k qantas points. I think you have to talk to a bank staff to do this. Apply this card first then cancel the old one.

        • castaway on 16/04/2018 - 15:42

          I just called NAB and they said its correct if you have home loan with NAB, you can link and waive that annual fee but its only for 1 credit card, not the second one :(

        • RichardF89 on 16/04/2018 - 15:45

          @castaway: so you have to cancel the first one

        • castaway on 16/04/2018 - 15:50

          sorry to ask but how to cancel ? Could do it online or I have to call NAB again ?

        • RichardF89 on 16/04/2018 - 15:52
          +1

          @castaway: What I did it talked to a bank Advisor and he did everything for me.

        • castaway on 16/04/2018 - 15:53

          Thanks Richard.

          Is there any waiting time between application and cancellation ?

          Did you get the new card and called to cancel the old one or you cancel first then apply for new one ?

        • RichardF89 on 16/04/2018 - 16:05
          +1

          @castaway: I got new card first then used all points for the old card then canceled old one

        • castaway on 16/04/2018 - 20:12

          Will you get 115k Qantas points if currently you are holding another NAB Platinum Qantas Card ?
          I am not worried about the annual fee anymore but the 115k Qantas points.

          "Offer not available to existing NAB cardholders, or those who have held a NAB-issued credit card within the last 12 months "

        • bozbargain on 16/04/2018 - 21:09
          +1

          @castaway: you can cancel cards and ask the new one to be linked to your home loan all via secure messaging. I’m starting to like NAB (since they also allow you to eg set/change your pin through the app, request a secondary cardholder, set the type of push notifications you want to receive etc).

        • castaway on 17/04/2018 - 10:31

          Thank you, I just applied and hope I got approval and with 115k Qantas Points

  • Bellpop on 16/04/2018 - 14:29
    -1

    So they’re endorsing the exploitation of the sign on get your bonus and leave system? I’m all for it, but didn’t think the banks would be. Interesting.

    • radissimo on 16/04/2018 - 15:57
      +2

      you need to pay a fee,remember, so not at the same level as ANZ card

      • Bellpop on 16/04/2018 - 16:01
        -1

        True. I always assumed banks would frown upon the churning of credit cards promoted by point hacks. I don’t think they’re likely to see a profit from the customers who join via point hacks. Also, Not sure two people would down vote my comment but I think it’s pretty cool. Keep it up 👌

        • Rhyno on 17/04/2018 - 12:09

          Why would they frown on churning cards? Its a win-win situation for them.

          People either spend heavily on the cards to qualify for the points ($4,000 spend in first 60 days) and that is after paying the annual fee. Or they don't, so they miss out on points benefits and have paid $395 for a 5 cent plastic card. Both scenarios are almost certain to produce additional interest on some payments too.

  • Stahh on 16/04/2018 - 14:30

    Offer unavailable if closing/transferring from another NAB credit card account.

    Would it be the standard 12 month wait?

    • pantsparty on 16/04/2018 - 14:36
      +2

      Yes - 12 months - "This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Qantas Rewards Bonus Points for a new personal NAB Qantas Rewards credit card in the twelve months prior to the opening of a NAB Qantas Rewards Signature Card, NAB Qantas Rewards Premium Card or NAB Qantas Rewards Card account."

      • djkelly69 on 16/04/2018 - 15:01

        That wording seems to imply there is only a 12 month wait if you are coming from a NAB Qantas Rewards card, so people coming from a standard NAB Rewards card should not have to wait?

        • Tiggrrrrr on 16/04/2018 - 15:48

          What constitutes "NAB Qantas Rewards Bonus Points" ?

          This seems to imply that as long as you haven't received bonus points before you can still apply and get this card AND 115k points?

        • fishybone on 16/04/2018 - 20:13

          I received a Nab Signature Card (non Qantas) as part of my Home Ian package but cancelled the card as I was preparing to apply for the Qantas card. I was careful to leave a couple of months so it wouldn’t be considered a card transfer but was told that I had to wait 12 months, otherwise it would be a transfer. Not sure I can find this wording anywhere though.

        • tajid on 17/04/2018 - 08:53

          Yeah wonder this as well as I also closed NAB Rewards non Qantas card in July last year.

  • krazek on 16/04/2018 - 14:32

    min annual income?

    • chillybags on 16/04/2018 - 14:33

      Not listed…

    • lolcoaster on 16/04/2018 - 14:37
      +5

      Generally $75k for Visa signature cards.

      • mrjames on 16/04/2018 - 17:40

        total salary package including super?

        • lolcoaster on 16/04/2018 - 19:37

          Generally pre tax, exc super, inc any investment income (e.g. dividends from shares).

        • aragornelessar on 18/04/2018 - 23:56

          @lolcoaster:

          Do they subtract mortgage repayments? Or just care about the money you're getting in?

        • lolcoaster on 19/04/2018 - 08:07

          @aragornelessar: Mortgages and expenses are considered and taken into account when assessing the suitability of extending further credit to you.

  • h4zey on 16/04/2018 - 14:33

    will bpay qualify as the 4k spending?

    • Homr on 16/04/2018 - 14:34
      +1

      No

    • RichardF89 on 16/04/2018 - 14:37
      +1

      you can buy 4k wish gift card

    • [Deactivated] on 16/04/2018 - 16:17
      +11

      Book fully refundable accommodation on expedia for somewhere you think you might visit next year. Wait till after the points credit to change your mind.

      • salmon123 on 17/04/2018 - 00:22
        -2

        Does this actually work? I thought fully refundable accommodation didn't charge your credit card until after the stay. They just need the card for confirmation.

        • [Deactivated] on 17/04/2018 - 02:00
          +5

          It has worked for me, that's why I suggested it.

        • freedomofspeech on 17/04/2018 - 10:40

          @chickenface: Any specific setting you had to set in order to get charged immediately?

        • eecan on 17/04/2018 - 12:27

          @Marcx33: Click pay now instead of pay later when you pick the room.

    • freelife on 16/04/2018 - 21:35

      What's their statement period? Quarterly?

  • Homr on 16/04/2018 - 14:34
    +2

    You must be one hardcore QFF points chaser if you already applied for the ANZ Black and St George Amplify card at the same time! Applying for this whilst having the ANZ and St George active will take a huge hit on your credit file.

    • chillybags on 16/04/2018 - 14:40
      +4

      I applied for my anz card 14 months ago (and cancelled 2 months ago), went got the Qantas premier card back in feb and the amplify last month…. Got good use of all the points as I’m flying first class to Europe on emirates!

      My Amex is about to get to annual fee time :(

      • Homr on 16/04/2018 - 14:41

        Are you going to apply for this one aswell?

        • chillybags on 16/04/2018 - 14:44

          I’ll probably hold off - at least till I get to my $5k spend on the amplify.

      • sween64 on 16/04/2018 - 17:43

        How many points did it cost you? Any additional fees? Is it a return flight?

        • chillybags on 16/04/2018 - 17:49
          +2

          One way hong kong to Germany (but also other cities in europe are the same price) is 126k points on emirates - $435HKD in fees ($75aud at time of purchase). I am using virgin points on singapore airlines for the return leg.

        • sween64 on 16/04/2018 - 21:42

          @chillybags: Cool. I'm saving for Australia to Europe return for two people on First Class.

        • nightelves on 16/04/2018 - 22:12
          +1

          @sween64:

          If you’re saving that much then you might consider RTW in biz class for two people. Cheaper and you get to enjoy it more destination.

        • sween64 on 17/04/2018 - 08:21
          +5

          @nightelves: Nope. I want first class.

    • 2real4u on 16/04/2018 - 18:00
      +1

      https://www.ozbargain.com.au/node/362013
      Raises hand in shame

  • Crazy Diamond on 16/04/2018 - 14:48
    +2

    OP, I'm not sure this card comes with 2 qantas lounge passes (like ANZ, St George etc do). I've had this card twice in past 12 months (to churn for the sign on bonii, but NAB wised up last month and finally brought in a 12 months exclusion).

    But even with no passes and $395 annual fee (free if you have a Nab Mortgage package), it's worth getting for a 115k points

  • bozbargain on 16/04/2018 - 14:50
    +1

    a couple of Qantas Lounge entries

    OP are you sure? This card normally doesn't come with lounge passes.

    • chillybags on 16/04/2018 - 14:53

      Yep looks like you’re correct - updated now

  • Phil Anthropist on 16/04/2018 - 14:58
    +1

    You can also get the annual fee waived if you hold more 500 or more ordinary shares. Yeah I know that is a lot of tied up cash but you get fully franked dividends etc. I'm sure some OzB-ers are into shares and trading!

    • austrij on 16/04/2018 - 15:12

      Just checked, looks like the Signature card's not included :(
      https://www.nab.com.au/about-us/shareholder-centre/sharehold…

      • Phil Anthropist on 17/04/2018 - 11:29

        This card is included and often other cards count too even though not listed. For example Qantas Platinum rewards is not listed but is included in the fee waiver. Just go into your branch and give them your shareholder benefits number and tell them to apply it to all your accounts. Usually you will get the fee waived on non-listed cards.

        • austrij on 17/04/2018 - 12:20

          Do they waive current year fee that's already charged? Trying to work out whether I could get shares and the benefits number, apply for the card and then have fee waived for first year.

        • Phil Anthropist on 17/04/2018 - 14:43
          +1

          @austrij: They won't refund a fee that was already charged a while ago. If you work with a good branch manager then they would probably waive a fee that has just been charged (maybe within a week or so?). So the way to do it is to work out when the fee will be charged - beginning or end of 12 month period. Get shares and benefit number before the charge. Then sell they once your fee is waived providing you are not selling at a loss.

          Also if you are close record date for dividends then hold till you get that payout too. E.G.half year record date 2018 is 16 may with divs being paid 5 July. You could then sell the shares 30 days later to avoid more tax providing that you already had your fee waived.

          Hope my rambling makes sense!

        • austrij on 17/04/2018 - 18:30

          @Phil Anthropist:
          Great info thanks!

        • bikuta on 04/06/2018 - 16:10

          @Phil Anthropist: So once the fee is waived it's waived forever?

    • RG on 16/04/2018 - 15:36

      …

  • hotmustardsauce on 16/04/2018 - 15:46
    +10

    $395 is a bit too much annual fee

  • mcnugget on 16/04/2018 - 15:48
    +4

    Making a minimum $755 cash, no brainer if other offers taken.

    That said, just redeemed first class to Russia & strongly suggest not selling points for cash.

    Can make them worth so much more particularly when redeeming from low tax airports.

    • chillybags on 16/04/2018 - 16:08
      +1

      Yep with this card after 115k points and the $4k spent to get the sing up bonus you only need 7k more points and $75 in taxes to get first class from Hong Kong to Europe on emirates one way!

      • mcnugget on 16/04/2018 - 18:39

        Hong Kong is my new favourite airport!

        Get excited for that unlimited Dom chillybags.

        • chillybags on 16/04/2018 - 18:42
          +2

          Trust me I will! Never flying economy again - except to get to Hong Kong :P

        • mcnugget on 16/04/2018 - 18:44

          Nailed it, flying Virgin economy on points myself!

    • movieman on 17/04/2018 - 06:03

      Hello,

      Can you recommend a sample itinerary for good value redemption of these points.

      Main future travel plans include:
      Melbourne to Europe
      Melbourne to Japan
      Melbourne to South America, etc.

      Or is best value going to Asia

    • Lunarboogie on 28/04/2018 - 21:04

      $755 - what you talkin' about Willis? The price of points seems to be entering a long awaited inflationary phase. 1.1c seems to be the new floor with some gatos loco getting as much as 1.3c. In that case this deal is a gimme $1000. I need the cash more than I need a trip to Germany via Hongkers.

      • mcnugget on 29/04/2018 - 03:08

        Did say min $755! But sweet as, this on gumtree?

        • Lunarboogie on 29/04/2018 - 08:31
          +1

          Yup. Just check the classifieds. There's a bit of skulldugerry whereby a particular buyer is telling sellers to claim they sold their points for 1 cent a point even though sellers are getting more.

  • nietzsche bargain on 16/04/2018 - 16:12
    +1

    Much worse than the Amex Qantas Ultimate with 100,000 points if you are only going to pick one. Having said that still less than 0.5c per points so good on an absolute basis. Sadly I'm ineligble for any of the points bonuses as I've already had 100% of the cards on the Qantas credit card comparison site with points more than 40K…

    • [Deactivated] on 16/04/2018 - 16:20
      +3

      Most ozbargainers will already have an amex or be on the 18th month cooldown for amex signup offers.

      • YellowEarthAustralia on 16/04/2018 - 21:35

        HAHA that's totally me.
        Had an explorer card, and now waiting the 18 months before i sign up to the platinum.

        I think this card might be good in the interim.

        • nietzsche bargain on 16/04/2018 - 22:49
          +4

          Others that rank better than this: Qantas Premier 75K+lounge passes for $149 ; Westpac Black 80K for $250; St George 90K for $279, ANZ 75K for $0; Macquarie Black 40K for $99; Jetstar 20K for $69; and then of similar value HSBC 60K for $199

        • YellowEarthAustralia on 16/04/2018 - 22:52
          +2

          I'm going ahead with the St Georges card. Its $139 via Finder and can get 90k qantas points

        • movieman on 17/04/2018 - 06:04

          @nietzsche bargain:

          I still cannot justify paying for a credit card… Only signing up for the ones with included bonus points at no annual fee (1st year).

        • muncan on 17/04/2018 - 08:34

          @movieman: Apart from ANZ, those offers are becoming rare. I reckon they’re on to our shenanigans.

        • nietzsche bargain on 17/04/2018 - 11:40
          +1

          @movieman: Fair enough, depends whether you will get good value out of the points. I would happily pay $8K for 2 million points - that'd be 4 round the world first class tickets for a total of $12K (factoring in taxes) which is a ridiculous bargain.

        • muncan on 17/04/2018 - 11:44

          @nietzsche bargain: taxes are bargains now?

        • nietzsche bargain on 17/04/2018 - 11:45
          +1

          @muncan: Well, compared to paying over $100K cash for those flights outright, a couple grand in taxes is a bargain!

        • movieman on 18/04/2018 - 10:32
          +1

          @muncan:

          Ive noticed, but will consider these 'paid points' in the future if free options dry out.

          From me I enjoy the flexibility of a Low Cost Carrier's rates (ie AirAsia, etc sale), and would never pay for business.

          Mind you I've flown round the world in Upper Class (Virgin Atlantic's version of first class), and also a Business Class trip on Thai, but don't perceive real value in it.

          Ie. Hypothetically I could fly to Japan for $500 return, while on business it's X points, plus taxes.
          I could sell those points, plus the additional cost of taxes, and pay less with Jetstar, and have more spending money for overseas.

          Maybe I just need to find good value redemptions with low taxes, and my views might change.

        • movieman on 18/04/2018 - 10:34

          @nietzsche bargain:

          Try, but I would rather pay $12k (or hopefully less) for 4 no. Round the world flights, and go economy, and pocket the saved $$$ for spending whilst overseas.

        • muncan on 18/04/2018 - 10:55
          +3

          @movieman: less than 2 weeks till my 6 x Emirates First A380 adventure begins! 768,000 bonus points redeemed, all earned with no annual fee offers (except one card for which I feel dirty about). Took about 5 years to get the points. I doubt I’ll be able to earn that many again in 5 years without having to pay for it. Meanwhile my next adventure is Jetstar to Japan with no checked luggage. Ha! I’m starting to accumulate Velocity points now so I’ll be chasing your VA adventure!

        • bottletop on 20/04/2018 - 15:45

          @matt90: link? I'm only seeing $279

        • Lunarboogie on 28/04/2018 - 21:08

          @nietzsche bargain:

          We would all be happy paying 8k for 2 million points. Unfortunately, the cheapest you can get that kinda loot is 20k.

        • Suspect420 on 03/05/2018 - 13:28

          @matt90: Link please?

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