Which NAB Credit Card to Choose?

Kawaii on 18/03/2022 - 08:02

No annual fees because of home loan

Two choices:

(1)

110,000 bonus Qantas Points

90,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 20,000 bonus points when you keep

1 Qantas point per $1 of spent.
(Up to $5000 of spent)

(2)

140,000 NAB Rewards bonus points

Earn 3.75 points with triple points boost
Applies to purchases made online with Webjet, when travelling overseas or on overseas purchases made here in Australia.View Disclaimer 6
Earn 2.5 points with double points boost
Applies to purchases made at major department and hardware stores (in store and online) including: Myer, David Jones, Kmart, Target, Big W, Bunnings, Mitre 10, Home Timber and Hardware, Stratco and Total Tools.View Disclaimer 6
Earn 1.25 points
Applies to all other everyday purchases.

I don’t travel that much.
But I do shop a lot (of course being a ozbargainer)

Please help me with calculation :) thanks

100,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 40,000 bonus points w

Financial Credit Card

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

Comments

  • djones145 on 18/03/2022 - 08:06
    1. will you hit the bonus spend offers
    2. approx monthly spend (compare how much you earn normally)
    3. any other credit cards?
    4. you going to churn? cancel after signing up)?
    5. annual fee?

    bonus points is where u earn points, even if you spend 5k a month, first card gives you 5k points, second chnage to get more, but its the bonus where you get the most points

    • Kawaii on 18/03/2022 - 08:10
      1. For shopping I can. (Friends can help, too)
      2. Low, just food and shopping etc.
      3. Nope
      4. Nope because I get free annual fee because I have my home loan.
      5. No

      First $5000 gets 1 point.
      Then $0.5 from $5001-$20,000

      Is that still better?

      • djones145 on 18/03/2022 - 08:45

        get the highest bonus bonus then, normal points dont get much points
        since u have a home loan already you can consider another credit card, maybe an amex (unless u already have one)! unless u want more loans

        • Kawaii on 18/03/2022 - 09:34

          What’s the benefit of Amex?

          • jv on 18/03/2022 - 09:42

            @Kawaii:

            What’s the benefit of Amex?

            Lots of discount offers/cashbacks each month…

            • djones145 on 18/03/2022 - 10:28

              @jv: yeah
              u can get a fee free one that still has qantas points
              and most of the discounts and cashbacks

              • jv on 18/03/2022 - 10:54

                @djones145: you can also get a free gold Amex through industry affiliations etc.

            • Kawaii on 18/03/2022 - 11:55

              @jv: which one should I be applying for?

              • jv on 18/03/2022 - 11:56

                @Kawaii: If you are affiliated with an industry group, check and see if they offer any free cards.

                • OzCheapo on 23/03/2022 - 22:39

                  @jv: Can you give an example of the industry group jv? Tried Google but nothing came up on first 3 pages.

                  • jv on 23/03/2022 - 23:31

                    @OzCheapo: I got mine through the ACS many, many years ago.

                    They are no longer affiliated but AMEX have allowed me to keep it without annual fees and converted it to a Gold card.
                    Same with Mastercard. Initially affliated with a VISA, but when affiliation finished, CBA offered a platinum mastercard with the fees credited back each year. CPAs got similar deals.

                    • OzCheapo on 24/03/2022 - 00:03

                      @jv: Thats pretty awesome as a retention program. I'll check out my industry to see if something similar pops up

  • zed264 on 18/03/2022 - 08:24
    +2

    Not sure if it's the same case with NAB, but my card with ANZ is not eligible for bonus point because of the home loan package.

    You may want to read the T&Cs then.

  • mitty on 18/03/2022 - 09:02

    If you’re going to spend the required amount regardless, then get the one with the most points, and the lowest annual fee. If you’re going to spend money to get a bunch of points, you may well be wasting your money.

    • Kawaii on 18/03/2022 - 09:37

      There are two kinds of points mate…

      • jv on 18/03/2022 - 09:40
        +1

        What's your point?

        • Kawaii on 18/03/2022 - 09:43

          For each $ you spend, for different cards I got different points. I don’t know how much points are worth.

  • burningrage on 18/03/2022 - 11:24

    I tend to avoid NAB Credit Cards because they only have mostly if not all, 44 days interest free days vs common 55 days.

    But if it is for points churning, then it's a different story.

    • Kawaii on 18/03/2022 - 11:55

      I have no fees for that :D so that's fine, free points.

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