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?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$3,000 within 60 days — about $1,500 per month.
Can I get the card?
The minimum credit limit is $15,000. 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.
Should I keep it after the first year?
Keeping the card costs $288 each year ($24/month annualised) — the first year was $96.
The year-two bonus is 50,000 NAB points.
Ongoing earn: 1.50x NAB points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $288/yr.
$650 in Woolworths gift cards (132,660 of 134,500 NAB points; 1,840 left over) − $96 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer has ended. I keep this page so you can check the old terms.
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?
Terms and evidence
Full current terms
Offer terms
First Year Points
130,000 points
NAB
Second Year Points
50,000 points
Minimum Spend
$3,000
within 60 days (about 2 months)
Ongoing Earn Rate
1.50x points per $1 spent
Fees
Monthly Fee
$24 per month
Equivalent to $288 annually
Purchase Interest Rate
21.00% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Offer terms history (1 version — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Bonus changed from 120K to 130K, Second Year Bonus from 40K to 50K, Annual Fee from $145 to $288, Second Year Annual Fee from 295 to 288, Points Per Dollar from 1.25 to 1.52 years ago
- Coles/Woolworths gift cards changed from 9620 for $50, 19230 for $100, 48080 for $250, to 10210 for $50, 20410 for $100, 51020 for $250. $20 Coles gift card removed.3 years ago
- Expiration removed, Annual Fee from $195 to $1453 years ago
- Expiration changed from undefined to , Bonus from 100000 to 1200003 years ago
- First year bonus increased from 90k to 100k and second year bonus increased from 30k to 40k5 years ago
Discussion
About these ended terms (published 30 Jun 2024) — not the current offer.
Community and personal tools
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