NAB Qantas Rewards Signature Card
The estimated gift card value does not cover the first-year fees. The fees are $49 higher.
You pay $449 in first-year fees.Spend $5,000 in 90 days.You get $200 in Woolworths gift cards.
The recorded minimum requirements are that you can take a credit limit of at least $6,000. Meeting them does not guarantee approval.
Available
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
Bonus points are not available to customers who currently hold, or have held, any personal NAB Qantas Rewards Credit Card in the last 36 months. The wait is 36 months, from the last date you held one of these cards. If you hold one now, you cannot get this bonus.
See the waiting rules for every Australian bank →What must I spend?
$5,000 within 90 days — about $1,667 per month.
Can I get the card?
The minimum credit limit is $6,000. This is the least the bank may let you borrow.
I do not have a minimum income for this card.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $5,000 in 90 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for gift cards. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $449 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $449 each year ($449 annual fee) — the first year was $449.
The year-two bonus is 20,000 Qantas points.
Ongoing earn: 0.75x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $449/yr.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn Qantas Points on everyday purchases and redeem for award flights, products and vouchers via Qantas Marketplace; free Qantas Frequent Flyer membership (joining fee waived, $99.50 saving)
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Earn Qantas Points on everyday purchases and redeem for award flights, products and vouchers via Qantas Marketplace; free Qantas Frequent Flyer membership (joining fee waived, $99.50 saving)
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Complimentary purchase protection insurance
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Complimentary purchase protection insurance
- Extended Warranty Insurance Compare across cards →Complimentary extended warranty insurance
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Complimentary extended warranty insurance
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary international and domestic travel insurance covering domestic, interstate and international travel
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Complimentary international and domestic travel insurance covering domestic, interstate and international travel
- Rental Vehicle Insurance Compare across cards →Complimentary rental vehicle excess in Australia insurance
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Complimentary rental vehicle excess in Australia insurance
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Shopping Benefits Compare across cards →Visa Premium Access: access to deals, discounts and privileges
These amounts are not included in the bonus calculation.
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Visa Premium Access: access to deals, discounts and privileges
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →NAB Concierge Service: 24 hour, 7 day personal assistant for travel and lifestyle services; call 1300 730 213
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NAB Concierge Service: 24 hour, 7 day personal assistant for travel and lifestyle services; call 1300 730 213
- No Additional Cardholder Fee Compare across cards →Add an additional cardholder at no extra cost
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Add an additional cardholder at no extra cost
- Digital Card Issuance Compare across cards →Digital card available for use immediately while the physical card arrives within five working days
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Digital card available for use immediately while the physical card arrives within five working days
- Balance Transfer Offers Compare across cards →0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance reverts to the variable cash advance rate
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0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance reverts to the variable cash advance rate
- Interest Free Periods Compare across cards →Up to 44 interest-free days on purchases when the account is paid in full by the due date
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Up to 44 interest-free days on purchases when the account is paid in full by the due date
$200 in Woolworths gift cards (41,460 of 43,750 Qantas points; 2,290 left over) − $449 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer is open now (terms from 11 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
0.75 Qantas Points per $1 on the first $3,000 of eligible purchases per statement period. 0.25 Qantas Points per $1 on eligible purchases from $3,001 to $15,000 per statement period.
Terms and evidence
Full current terms
Offer terms
First Year Points
40,000 points
Qantas
Second Year Points
20,000 points
With $449 annual fee
Minimum Spend
$5,000
within 90 days (about 3 months)
Cash Bonus
Ongoing Earn Rate
0.75x points per $1 spent
Fees
First Year Annual Fee
$449
Ongoing Annual Fee
$449
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (5 changes)
- Travel InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Concierge ServiceUpdated May 2026
Offer terms history (12 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 11 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 10
Changes from terms version 9
No recorded term changes from the previous version.
Changes from terms version 7
No recorded term changes from the previous version.
Changes from terms version 5
No recorded term changes from the previous version.
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Discussion
About the current terms (published 11 Oct 2026).
Community and personal tools
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