Generic offer for this card is 90k + 30k in 2nd year: https://www.ozbargain.com.au/node/764807
For this offer, existing customer shall get the whole 120k points in the 1st year, and a reduced annual card fee (from $395 to $295) for the life of the card.
Offer commenced 15 September 2023. To be eligible for an existing customer offer, you must apply for an eligible new personal NAB Credit Card via the NAB app or NAB Internet Banking, before the offer is withdrawn. NAB may vary or end this offer at any time.
The 120,000 bonus Qantas Points offer is only available to members who apply for a new NAB Qantas Rewards Signature Card.
To be eligible for the offer, you must apply for a new personal NAB Qantas Rewards Signature Card before the offer is withdrawn, be approved, and spend $3,000 on everyday purchases within 60 days of opening your account. Bonus Qantas Points will be credited to your points balance within three months of meeting the spend criteria.
Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes. This bonus Qantas 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 eighteen months prior to the opening of a NAB Qantas Rewards Signature Card or NAB Qantas Rewards Premium Card. NAB may vary or end this offer at any time. Offer is not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB card offer.
The $100 Reduction in Annual Fee offer is available from 15 September 2023 until varied or withdrawn by NAB at any time. To be eligible for the offer, you must apply for a new personal NAB Qantas Signature Card before the offer is withdrawn. The $100 reduced annual fee will continue while the card is open.