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NAB Qantas Rewards Signature Credit Card

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NAB Qantas Rewards Signature Credit Card: A Comprehensive Overview

The NAB Qantas Rewards Signature Credit Card is a premium offering from the National Australia Bank (NAB), designed for those who frequently travel and wish to maximise their Qantas Points.

This card is packed with benefits, but it also comes with certain costs and conditions. Here, we provide a detailed look at what this card offers and whether it might be the right fit for you.

Generous Bonus Points

New cardholders can earn up to 120,000 bonus Qantas Points.

To qualify, you must spend $3,000 on everyday purchases within the first 60 days of account opening and keep your account open for over 12 months.

The points are awarded in two tiers: 90,000 points after meeting the initial spend requirement and an additional 30,000 points after the first year.

Complimentary Insurances

The NAB Qantas Rewards Signature Card includes a suite of complimentary insurances, which can be particularly valuable for frequent travellers. These insurances cover:

  • International Travel Insurance
  • Interstate Flight Inconvenience Insurance
  • Transit Accident Insurance
  • Rental Vehicle Excess in Australia Insurance
  • Purchase Protection Insurance
  • Extended Warranty Insurance.

Concierge Service and Premium Access

Cardholders have access to the NAB Concierge Service, available 24/7 to assist with travel and lifestyle services.

Additionally, the card provides Visa Premium benefits, enhancing the overall value and convenience for users.

Points Cap

It’s important to note that the points earning potential is capped at $20,000 spend per statement period. This may limit the benefits for high spenders who exceed this threshold regularly.

Is It Right for You?

The NAB Qantas Rewards Signature Credit Card is ideal for individuals who:

  • Frequently travel and can take full advantage of the complimentary insurances and travel-related perks.
  • Spend significantly on their credit card, allowing them to maximise the points earning potential.
  • Are comfortable with a higher annual fee in exchange for premium benefits and services.

However, if you do not travel often or do not spend enough to justify the high annual fee, you might want to consider other credit card options with lower fees and different rewards structures.