NAB
Unlock up to 130,000 Qantas Points and $250 cashback when you spend $5,000 in 90 days. Min. credit limit $15,000. 0% balance transfer for 12 months.
The NAB Qantas Rewards Signature Card currently offers an exceptional welcome bonus of up to 130,000 Qantas Points plus $250 cashback. This offer is available to new applicants who spend a minimum of $5,000 on eligible purchases within the first 90 days. The card comes with a minimum credit limit of $15,000 and an ongoing annual fee. Balance transfers are available at 0% p.a. for 12 months, with a 3% balance transfer fee applying.
How to Apply: Step by Step
- Check your eligibility and credit score.
- Prepare proof of income and identification.
- Fill out the online application form, including your Qantas Frequent Flyer number.
- Submit your application and wait for approval.
- If approved, activate your card and start using it to meet the spend criteria.
Key Pros
One of the main advantages is the generous Qantas Points bonus, rewarding up to 130,000 points if conditions are met. This can be redeemed for flights, upgrades, or gift cards, making it an outstanding value for frequent travellers. Additionally, the $250 cashback is a significant perk, helping to offset fees and initial expenses.
Main Cons
The minimum spend of $5,000 within 90 days could be challenging for some. Also, the minimum credit limit is set high at $15,000, which may exclude applicants with lower incomes or those looking to keep credit exposure minimal. Furthermore, existing NAB Qantas cardholders or those who have held one in the last 24 months are ineligible for the bonus.
Verdict
The NAB Qantas Rewards Signature Card is an excellent choice for high-spending individuals seeking maximum Qantas rewards. The upfront cashback and substantial points bonus easily outweigh the drawbacks for eligible new customers. Still, consider your budget and flying habits before committing, and always read the full terms.
