NAB
Get up to 130,000 bonus Qantas Points and $250 cashback. Minimum $5,000 spend in 90 days. Competitive rates and a minimum credit limit of $15,000 apply.
The NAB Qantas Rewards Signature Card is an excellent choice for frequent flyers looking to earn extensive rewards. For those who spend at least $5,000 in the first 90 days, you can receive up to 130,000 Qantas Points and a $250 cashback bonus. To access these benefits, your account must remain open for a minimum of 12 months. The card comes with a minimum credit limit of $15,000 and monthly repayments are required. NAB reserves the right to modify or end this offer at any time, and eligibility, including age and creditworthiness, is carefully assessed.
How to Apply: Fast Path to Rewards
- Ensure you meet eligibility requirements, including being over 18 years old.
- Prepare proof of identity and income details.
- Apply for a new NAB Qantas Rewards Signature Card online.
- If approved, activate your card and spend $5,000 in the first 90 days on eligible purchases.
- Maintain your account for at least 12 months to earn the full tiered points and cashback benefits.
Pros: Why Consider This Card?
The major drawcard is the outstanding Qantas Points earning potential, with up to 130,000 bonus points helping you secure flights, upgrades, or other rewards quickly. The extra $250 cashback on top of the points makes this offer highly attractive. Additionally, NAB’s robust platform ensures secure and easy management of your finances.
Cons: What to Watch Out For
The $15,000 minimum credit limit may be high for some applicants, potentially restricting access. Also, bonus points are only available to new NAB Qantas Rewards cardholders and not previous or current holders within 24 months.
It’s worth noting that the offer requires a significant spend in a short timeframe and continued cardholding for a full year to access all rewards, which might not suit casual users.
Verdict: Our Take
If you’re planning significant spending and travel with Qantas, the NAB Qantas Rewards Signature Card stands out as a lucrative choice. The points and cashback easily offset the initial effort if you’ll use the card for substantial purchases, but ensure you’re comfortable with the credit limit and ongoing eligibility criteria.