Ok this deal is for the churners out there that about to have big spending coming up.
Note, like ANZ, this is Rewards card which is different with the Qantas Rewards card. You can have Qantas and this together or one after the other without cooling period. I had the Qantas card in Nov last month and just finished this and got bonus points without problem.
We're all know NAB is very good with getting back prorated fee. So apply, spend the requirement amount, collect points and close card immediately. You'll get most of the fee back. In my case, I'm getting $275 back after less than 4 weeks using the card ($20 out of pocket).
Click on the link to see details but here the summary:
NAB Signature Reward (not Qantas card so ok to apply for this and get the bonus point even if you had the Qantas one recently).
$75K salary (info not from NAB but most of us know that Signature card required much higher income than the Platinum one which only required $35K)
100,000 bonus points if spend $3K within 60 days. 40K extra if you keep more than 12 months, but i believe no one here want to do that.
Minimum $15K credit limit
100,000 points could net you ~$500 worth of giftcards. I've claimed the WoW egift cards.
The bonus points will available approximately 2-3 days after you have spent $3K - at least that what i found.
No instant digital card so need wait for physical card in snail mail. General about 5 business days after approval.
My experience with NAB was very good. They took less than 24hr to approve my application - applied at 9pm, got the approval 4pm next day. When ring up to cancel, after few validation questions, they told me how much fee i would get back and ask what account to deposit. Note, you can cancel via webchat but that didn't work for me.
If it's the same as Qantas card - then just open a chat window with nab. No need to call them to close a card.
I prefer this way, you can do it easily while working.