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NAB Qantas Signature Credit Card - 90k or 100k Bonus Qantas Points (Requires $3k Spend in 60 Days), First Year Annual Fee $295

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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.

Related Stores

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

closed Comments

  • +4 votes

    $295 annual fee… no deal

    • +4 votes

      Yep, paying $295 to get $1,000+ in return is a really bad deal!

      • +8 votes

        I’d rather pay $0 annual fee & get $800 in return.

        • +9 votes

          You do realise these aren't mutually exclusive right? You can pay $295 and get $1800+ return…

          • +1 vote

            @thestig: Haha, exactly how I think as well. If you hold back and wait for every black/premium card to drop to zero annual fee, you may get through 1 or 2 cards a year. Serial churners mix and match free cards with those with high point bonuses and acceptable annual fees.

      •  

        How is it worth 1000+? 90k pts is ~ 900 from experience

        •  

          depends on what you redeem them for… now that we have a NZ travel bubble, Business class Mel - Auckland return award seats for 83k points + $230 taxes, compared to paying ~$1600 for a business saver fare…

          •  

            @Spazmos: That only applies if you were going to pay business class in the first place

            $1370 savings for a 3 and a half hour flight for 83k points for someone who was always going to do it anyway
            That's awesome.

            But for a lot of people a Jetstar flight for $300 in economy.

            The're paying b addiotnal $70 and 83k points for a short period of comfort
            that 83k points is just under $400. So they're paying $470 or so for comfort

    •  

      As much as I hate NAB because of their stupid policies and rigged complaint system…

      If you have a home loan with them, you don't pay the fee.

      •  

        I have been told if you add it to the home loan package then you don't get the points.

        • +1 vote

          You shouldn’t get your mortgage specialist add credit cards to your account when you take out a home loan with a free card. You should say ‘I don’t need one now, thanks’ and go online and get one yourself with points. Then get it added to your mortgage account later and ask them for the fee to be waived in line with your policy. This worked for me at ANZ, Nab and St George.

  • +1 vote

    Probably not a big deal this year but this looks like one of the few cards that earn Qantas points that doesn’t offer free Qantas lounge access …

  •  

    The Amex deal is better even if it has 10k less QFF pts.

    • +3 votes

      Unless you already have an AmEx card.

  • +3 votes

    Just an FYI - I got this card with a similar points bonus late last year, got the points in the 1st statement as I met the requirement.
    A few months down the path I was re-financing my home and had to cancel it, NAB gave me a pro-rata refund on the $295 annual fee.
    I've never had the annual fee refunded from any bank when cancelling, maybe this is the norm with NAB.
    But it makes it a super deal if you can accumulate the min. spend requirement in the first few months, get the points and can it!

    •  

      I think it’s a bit hit and miss and depends on the person who actions your request to close a credit card. I once had a similar experience with an ANZ card (years ago) but it didn’t happen last time I closed one of their cards.

      •  

        Nope, first I called to move the credit limit down and it was still to high to keep it so I said I’d can it unless they could do something for me to keep it the consultant told me there ‘may be a pro rata refund’ for the annual fee and we had to go through the scripting to can it which we did so I could hear it then I said no I’ll keep it.
        A week later after speaking with my broker they said I needed to can it as the limit was too high so I called NAB back, didn’t bother asking, went through the cancellation scripting and at the end of the call I asked again and the consultant even gave me the payout figure less the prorata annual fee, I paid that then a few days later the credit was there.
        I’m sure it’s a NAB thing, not sure on ANZ to be honest.

    •  

      Yeah, agreed it was a nice surprise this. When i cancelled mine they asked me where i'd like the remainder of my card fee refunded to. i was taken aback.

      Wonder why they do this/should all the other banks be doing this?

  •  

    Does getting declined for a card affect your next attempt w

    •  

      Approval and Decline are both down your credit score, so the answer should be yes.

      •  

        Never had my credit score go down after Approval, only up across 3 cards.

      •  

        Credit enquiries are recorded, not approval or decline.

        What are credit enquiries?

        The enquiry is recorded on your file regardless of whether your application was approved or rejected. It details the name of the credit provider, the date of the application, and the amount of credit requested.

  •  

    Currently on a Qantas Rewards Premium through a package with NAB.
    Any idea how I can get this Signature deal + the QFF points?
    Edit - just read I am not eligible.

    •  

      You can't - you need to close that card first and play the 12m waiting game (or you can ask them to 'upgrade' you to the Signature at no cost if you're on an offset package with them but you won't get the extra points, just a better earn rate). Why not apply for the AmEx Explorer in the meantime?

  •  

    Not the best value for money/return credit card out there, but if you've churned through everything else it does help.

  • +1 vote

    This would be a last resort on value for money.

    ANZ has 120k Qantas for $225.
    Or 75k no annual fee.

    Pretty much every other deal I've seen in the last year beats this.

    • +2 votes

      I generally avoid anything with an annual fee. May consider it if there is a specific benefit out of the ordinary (like status credits), or legitimately good points-to-fee ratio, but this supposed Signature card seems to offer diddly squat. Would never remotely consider it for $295.

  • +1 vote

    Just got the 100k bonus points from the last offer they put out. Overall a smooth service with not much complaints. Again, a last resort when you have already went through ANZ, St George, Westpac, Citi, Amex etc in the past 12 months.

    •  

      Citi Rewards have just approved me (Velocity 100,000 points) after I closed another Citi Rewards cc 3 months ago (gift cards bonus). Otherwise yes, not much else out there after you churn through the usual ones

    •  

      Hey mate, do you mind explaining your credit card strategy? I'm new to this and given you've "gone through" the the listed credit cards I figured you know what you're doing. Cheers

      • +1 vote

        The strategy most churners pursue is to apply for cards with high sign up bonuses, meet the spend targets, close the card and apply for the next one. Depending on your spending, you can easily do this 4x a year with different banks (a new card every quarter). Once you’ve closed your card, most banks allow you to reapply after 12m to be eligible again for their bonus point offer (AmEx is the exception, they require 18m). It’s a solid strategy if you’re ‘good’ with money and treat your credit card as a debit card (and pay off the full amount every month via direct debit). It may sound complicated to have new card details every couple of months but if you do most of your online spending via PayPal and instore with Apple Pay or Google Pay, it’s quite easy. You may want to track all your cards and close dates in a spreadsheet to make sure you don’t reapply for the same card within 12 months.

  •  

    Do any cards offer QFF status points…?

  •  

    NAB transfers bonus points straight away, like a few days after you've hit the required spend. Nice

    •  

      Yes, and you may be able to get a pro-rata refund on your annual card fee as well, when you close it early (which you can do by just sending them a message via Internet banking). Setting up direct debit to pay the balance in full after each statement can be done online as well (something St George still requires paperwork for).

      •  

        Good to know about the pro-rata card fee refund. It's tempting, even though my plan was to keep this card for a while, hmmm… It took St George 4 months to transfer my bonus points. They got their offers mixed up (75k and 60k signup bonus).