Reasonably good deal with reduced annual fee in first year and reasonably high bonus points, especially if you have applied for other banks and are in exclusion period if churning.
Key points:
100,000 bonus points with $4,000 spend in 60 days
Annual fee $295 in first year; $395 in subsequent years
Earn rate 1 point per $1 up to 5K p/m; 0.5 points up to $20K p/m
One additional cardholder free (may help if struggling to meet minimum spend)
Minimum credit limit $15,000
This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Qantas Rewards Bonus Points for a new personal NAB Qantas Rewards credit card in the twelve months prior to the opening of a NAB Qantas Rewards Signature Card, NAB Qantas Rewards Premium Card or NAB Qantas Rewards Card account.
Use a referral link to get an extra 10,000 bonus points, total 110,000 Qantas points for applicant, and the referer gets 10,000 bonus points
Annual fee kills the deal