90,000 BONUS QANTAS POINTS on a new NAB Qantas Rewards Signature Card when you spend $3,000 in the first 60 days. You can get additional 30,000 bonus Qantas Points when you keep your card open for over 12 months.
Also, if you haven't had a Qantas earning card for over 12 months, you get an extra 10k points in year 1 and year 2 from Qantas (so 100k for the first year, 30k for the 2nd year). See here for details.
A reduced annual card fee of $295 for the first year so additional 30k points will cost you another annual fee of $395.
Other relevant bits
1 Qantas Point per $1 up to $5,000 on everyday purchases
0.5 Qantas Points per $1 from $5,001 to $20,000 on everyday purchases
Free Qantas Frequent Flyer membership
Earn 1 Bonus Point for every dollar on eligible Qantas services
And the usual exclusions:
This bonus Qantas 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. This advertised offer of bonus points is not applicable or valid in conjunction with any other advertised or promotional offer.