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

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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.

National Australia Bank Group (NAB)

Related Store: National Australia Bank Group (NAB)

Comments

  • +1 vote

    no annual fee if you have NAB home loan

    • +1 vote

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

      • -1 vote

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

        • +3 votes

          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.

        •  

          @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

        • +4 votes

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

        •  

          @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..

        •  

          @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.

        •  

          @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%

        •  

          @BarryBargain88:

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

        •  

          @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.

    •  

      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 ?

      • +2 votes

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

        •  

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

        • +1 vote

          @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.

        •  

          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 :(

        •  

          @castaway: so you have to cancel the first one

        •  

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

        • +1 vote

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

        •  

          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 ?

        • +1 vote

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

        •  

          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 "

        • +1 vote

          @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).

        •  

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

  • -1 vote

    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.

    • +2 votes

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

      • -1 vote

        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 👌

        •  

          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.

  •  

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

    Would it be the standard 12 month wait?

    • +2 votes

      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."

      •  

        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?

        •  

          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?

        •  

          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.

        •  

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

  •  

    min annual income?

  •  

    will bpay qualify as the 4k spending?

  • +2 votes

    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.

  • +2 votes

    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

  • +1 vote

    a couple of Qantas Lounge entries

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

  • +1 vote

    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!

    •  

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

      •  

        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.

        •  

          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.

        •  

          @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!

        •  

          @Phil Anthropist:
          Great info thanks!

  • +10 votes

    $395 is a bit too much annual fee

  • +4 votes

    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.

  • +1 vote

    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…

    • +3 votes

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

      •  

        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.

        • +3 votes

          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

        • +2 votes

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

        •  

          @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).

        •  

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

        • +1 vote

          @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.

        •  

          @nietzsche bargain: taxes are bargains now?

        • +1 vote

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

        •  

          @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.

        •  

          @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.

        • +2 votes

          @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!

        •  

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

  •  

    I applied two weeks ago with 100k Points.. N also get balance transfer as well for 0%

  • +1 vote

    I had the NAB Reward Visa (non Qantas) previously and cancelled a few months ago. Can I apply this Qantas version and get sign on bonus?

  • +7 votes

    Hey @OP - there is a rather important part of the offer you may want to call out. Could save people some angst-laden call centre time in a couple of months when they wonder where their extra points are.

    "…To be eligible for the Bonus points offer you must apply for a new personal NAB Qantas Rewards Signature Card via Pointhacks…"

    The "Find out more or apply" buttons on the https://www.pointhacks.com.au/credit-cards/nab-qantas-credit... page generates a content ID (CID) string that tells NAB it's a legit Point Hacks referral.

    Nice offer, BTW!

    •  

      The link for the deal is the point hacks specific one and Ive linked to point hacks article in the description :)

      •  

        If you follow the OzBargain 'Go To Deal', it will not generate the CID string for the URL.

      •  

        If they use pixel tracking to attribute the sale, then applying via the landing page mightn't be register the sale under the offer. It probably will, but to be safe, might as well follow the link from point hacks

  • +2 votes

    man that estab fee though.

    Rather take 75k points for free.

    • +1 vote

      Do that if you haven't already.

      Then with this one you could cash in 39,500 points for $395 and keep the remaining 75,500 for no money out of pocket.

  1. chickenface on 16/04/2018 - 16:17
  2. hotmustardsauce on 16/04/2018 - 15:46
  3. OzDJ_ on 16/04/2018 - 19:09
  4. chickenface on 17/04/2018 - 02:00
  5. lolcoaster on 16/04/2018 - 14:37
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