Which NAB Credit Card to Choose?

• 

  cwongtech on 08/12/2021 - 13:48

  +6

  Assuming that there is no annual fee applied to either card (because of your home loan)
  Let's analyze the value of 110K Qantas vs 120k NAB rewards

  110K Qantas Points
  QFF valuation is 0.8~1.2cpp, higher than 1.0cpp is rare unless you can find someone extremely desperate for points
  Actual cash value is $880 ~ $1320

  NAB rewards points valuation, 120k
  3:1 (NAB to Kris Flyer)
  40K Kris Flyer
  Valuation is normally around 1.5cpp for KF (varies only slightly due to desperation for expiring points)
  Actual cash value $600

  Second option to value the points is Celebration Swap card ($50 for 9620 pts)
  120k/12.47 x $50 = $623.70~ worth of gift cards (which normally can be bought at a small discount

  If I were you, NAB Qantas Signature for sure

• 

  Drakesy on 08/12/2021 - 13:58

  +1

  Qantas points any day

  • 

    Ehty on 08/12/2021 - 14:57

    I was planning to apply for the ANZ reward card, not sure If I should still go for Nab or can I do both?

    • 

      Drakesy on 08/12/2021 - 15:05

      +2

      Both, just not at the same time, spread out the spending.
      I've take out the NAB, complete your $3k or whatever spend then do the same with the ANZ (cancel the ANZ)

      • 

        Ehty on 08/12/2021 - 15:10

        Cool Thanks, What do you suggest about the Amex discovery card which I have?
        Should I cancel it , dont get much other than the usual offers save $20 on $100 spend

        • 

          Drakesy on 08/12/2021 - 15:15

          +1

          @Ehty: It depends if you enjoy churning and the likelyhood of getting it again given you'll have the NAB card ongoing.

          AMEX is harder to churn in that it's an 18 months cool off.
          If you get value from the AMEX offers then retain it, as for me i enjoy the churning with my 18 months due in about a year.

• 

  silenthillrocks on 08/12/2021 - 14:50

  +1

  Qff ftw

• 

  Pelicannn on 08/12/2021 - 16:21

  Qantas is the answer you’re looking for.

  …annual fee of $395. I wasn't aware of this until I got my annual notice to pay.

  Now, what I want to know is, how did you honestly sign documents for a home loan and miss this detail.

  • 

    Ehty on 08/12/2021 - 16:27

    As I said, I was desperate for loan, and since this was my first time I didnt know what to look etc.
    But I reckon , everybody does have to pay annual fee similar to this in one way or another.

    • 

      Pelicannn on 08/12/2021 - 16:42

      Yes, for the most part whether it’s a lower interest rate and fees or a higher rate and no fees it’s all the same for the bank haha.

• 

  [Deactivated] on 08/12/2021 - 16:31

  I'm ex-NAB staff.

  Sounds like you signed up to the NAB Choice Package. You can always ask to have it removed and negotiate a similar rate without the package giving it to you automatically, however for a lot of people, the extras like an annual fee rewards credit card, no app/variation fees etc. made it worthwhile (At least when I used to write these loans 5 years ago anyway).

  • 

    Ehty on 08/12/2021 - 16:52

    When I asked them they said rates will change and some changing fee also applies.
    But other than the credit card cant see any other offers

• 

  miwahni on 08/12/2021 - 22:54

  Check with NAB whether you can have both the upfront points offer AND the fee waiver. I remember reading the fine print for a Suncorp offer once, and if you chose to have their rewards card as part of your home loan package, then you weren't entitled to the upfront points offer, and vice versa. However nothing stopping you from signing up for the NAB card outside of the package, paying the first year's fee, getting your points, and then asking for the card to be put in your package so that future fees are waived.

• 

  crazy5299 on 09/01/2022 - 21:24

  Same here!

  Have you applied QFF signature card?

  Can bonus points and fee waive both apply?

  Thanks!

  • 

    Ehty on 09/01/2022 - 23:23

    yes and Yes.!