Just got this offer from my email.
Special offer: $0 annual fee for the first year. Apply by 18 January 2015.
Earn Qantas Points* on eligible everyday purchases, plus earn 1 bonus point for every dollar you spend on your NAB Qantas Rewards Card on selected Qantas products and services, including eligible Qantas flights.
Two cards on one account – the NAB Qantas Rewards American Express® Card maximises your points earning and the NAB Qantas Rewards MasterCard® gives you added worldwide acceptance
Complimentary Qantas Frequent Flyer membership
Complimentary Purchase Protection Insurance
Additional cardholder at no extra cost
Rewards
Card
Earn rate per statement cycle
American Express
1 Qantas Point* per $1 spent on eligible purchases
MasterCard
0.5 Qantas Points* per $1 spent on eligible purchases
hmm cant see zero annual fee first year… am I missing it?