This was posted 11 months 14 days ago, and might be an out-dated deal.

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NAB Qantas Business Signature Card: 150,000 Bonus Qantas Points ($4,000 Spend in 60 Days), $295 Annual Fee

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NAB Qantas Business Signature Card: 150,000 Bonus Qantas Points ($4,000 Spend in 60 Days), $295 Annual Fee
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SydOzber on 08/12/2023 - 16:09 nab.com.au (2251 clicks)
Last edited 09/12/2023 - 18:26 by 1 other user

Earn 150,000 bonus Qantas Points when you spend $4,000 on everyday business purchases within 60 days of opening your new account. Plus, unlock additional value for your business with the Qantas Business Rewards loyalty program.

Offer commenced on 4 December 2023. To be eligible for the 150,000 bonus Qantas Points offer, you must apply for and be issued a new NAB Qantas Business Signature Card before the offer is withdrawn on 30 June 2024, and spend $4,000 on everyday business purchases within 60 days of account opening. NAB is not responsible for any delays in assessing your application or the card being issued.

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closed Comments

  • Doesnotcompute on 08/12/2023 - 16:14

    Interesting only $5k min limit. Would NAB include personal PAYG income for assessment?

    • SydOzber on 08/12/2023 - 16:25
      +2

      This is for business customers only.

      • Doesnotcompute on 08/12/2023 - 16:38

        Thanks but that doesnt quite answer my original question. i have an ABN and registered business name, wouldnt this qualify me as a business customer?

        So can i supplement personal payg income for assessment?

        • recession1 on 08/12/2023 - 18:51
          +3

          First, you need $75k of business income to be eligible to apply for a business card.

          Second, your personal income will be considered for whether you can service the card.

  • JSONBourne on 08/12/2023 - 16:16
    -4

    When does this deal end? About to churn off a card

    • nightelves on 08/12/2023 - 16:20
      +1

      Literally says in the post.

      • JSONBourne on 08/12/2023 - 16:21
        +3

        Sounds like I need to spend $5k at Specsavers, thanks!

  • Skramit on 08/12/2023 - 16:20

    FInd it hard to + this deal as its for "Business customers". Meh.

  • jv on 08/12/2023 - 16:22
    -5

    150,000 bonus Qantas Points

    A bit pointless when we can never use them for flights…

    • NinjaGamer on 08/12/2023 - 16:40

      You do realise you can also use Qantas points for Emirates flights too.

      • jv on 08/12/2023 - 16:42
        -6

        Try booking a flight to EU when the kids are on school holidays…

        • Nand0sx on 08/12/2023 - 17:13

          Book some different flights… Plenty of options.

          • jv on 08/12/2023 - 17:14
            -6

            @Nand0sx: I'm restricted to the dates I can travel.

            • BargainBogan99 on 08/12/2023 - 17:43
              +5

              @jv: At this point its clear youre restricted to whinging

            • adrianhughes1998 on 08/12/2023 - 17:46

              @jv: Try velocity then for rewards seat to Europe. Much better chance

              • jecec on 08/12/2023 - 19:01
                +2

                @adrianhughes1998: Why would you even borther entertaining jv?

              • jv on 09/12/2023 - 01:23
                -2

                @adrianhughes1998: I hardly have any velocity points. Have close to a million Qantas points though and can never find a flight when I need one.

                • adrianhughes1998 on 09/12/2023 - 07:50

                  @jv: Have to be flexible, in terms of when you can go and with points programs. I have my feet in both and haven't had issues with velocity to Europe and Middle East. Qantas I've used for Pacific islands and South Africa.

  • Bargainseeker43 on 08/12/2023 - 16:39

    Term and conditions not mentioning anything regarding being new customers.
    Will I be eligible if I apply for new credit card?
    I already have this credit card. I do not want to close this credit card.
    From my experience, this is the best credit card out there.

    • milobob on 08/12/2023 - 16:52

      Curious as to why its the best. $295 for 0.66 points for dollar.
      Only good thing is that its a mega cap per month
      ATO payments still earn the same amount for about a 0.75% surcharge.

      • Bargainseeker43 on 08/12/2023 - 21:44

        No no. You can do ATO BPAY without any additional charges and get full point from your credit card.
        There are others Provider to get maximum points from AMEX by paying 1-2% where as this one is free.

        • tommynolips on 25/12/2023 - 21:49

          Can you elaborate on this? I just got approved from this card and would like to know how I can hit the min spend using ATO payments and not incur fees.

          • Bargainseeker43 on 25/12/2023 - 23:19

            @tommynolips: Pay the ATO using BPay and it will not incur any fees.
            You can do up to 50K and get points.

            I am not sure if this satisfies the creteria of minimum spending as I fulfilled my requirements from normal purchase.

            • tommynolips on 26/12/2023 - 10:26

              @Bargainseeker43: Thankyou for the info @Bargainseeker43 - I will dig into this. I was going to use a service like b2bpay or sniip to pay my ATO payments using the card, but while I know that will contribute towards the spending requiremnets, the fees are quite high! I'll look into this.

              • Sidor on 27/12/2023 - 07:18
                +1

                @tommynolips: Found B2B pay a bit of rip-off in fees. Only used it once with intro point bonus.

        • milobob on 28/01/2024 - 18:23

          If this is true and you can use you NAB business card to pay for Bpay bills - this is an ultimate hack! Will try next bill…..

          • Bargainseeker43 on 28/01/2024 - 21:37
            +1

            @milobob: Correct. I have been doing it from last 12 months. Very good.

            • Gilbertimus on 01/02/2024 - 15:30

              @Bargainseeker43: hey mate, i was just approved for this credit card and i would like to pay for bpay bills. Do i need to have a NAB bank account to be able to pay bpay with my credit card? I havent banked with nab prior

              • Gilbertimus on 01/02/2024 - 17:28

                @Gilbertimus: Okay my credit card account is showing now so transfer/pay tab there is bpay.
                I wanted to clarify so I talked to 2 business banker and they said bpay is cash advance so i would get charged fee around 27% and no point i can earn.

                Then last person i talked to was a person from a credit card reward team and she said business card can earn points with bpay and ato bpay as well but refused to confirm whether bpay is cash advance or not.

                I have huge bills to pay so im little worried if i get 27% fee charged 😅 fingers crossed 🤞

                • Bargainseeker43 on 01/02/2024 - 19:48

                  @Gilbertimus: No cash advance. It’s just like regular purchase.
                  I have paid more than 100Ks to ato with this method no issue.

              • Bargainseeker43 on 01/02/2024 - 19:49

                @Gilbertimus: Just do Bpay from credit card account.

        • z0s0 on 01/05/2024 - 11:39

          This is amazing - I tried it and it works… full points, no cash advance fee. Amazing.. thanks for the tip. This card is a keeper!

          • OzFrugie on 05/05/2024 - 17:50

            @z0s0: How do you pay ATO using Bpay with this card?
            When I logged into the online account and go to Bpay and tried to pay ATO, it says this account is not eligible or something like that

            • z0s0 on 07/05/2024 - 09:40
              +1

              @OzFrugie: yeah just regular BPay initiated from NAB internet banking.

              • karma25 on 13/05/2024 - 16:51

                @z0s0: I tried to use BPay using credit card account but got the error "400118: Payment rejected. Transactions are not allowed on this account. Please choose another account."

  • Koipanda on 08/12/2023 - 16:49

    Is this the one where you have to connect your account management software?

    • milobob on 08/12/2023 - 16:52

      Yup! I think the ANZ one is the same.

  • milobob on 08/12/2023 - 16:53

    Sad, got this when it was 100,000 bonus points! Grrr

    • maverick1 on 08/12/2023 - 18:59

      Me too!! Got it couple of months back.,,

  • juph0rry on 08/12/2023 - 17:38

    If only I had a business.. this is a good deal, 150k for $295

  • OzYY on 08/12/2023 - 17:40

    Just want to know the minimum income required for that card, it is a good deal.

  • Poorunsdownhill on 08/12/2023 - 18:21

    Any way you can create an ABN to sign up for this?

    • bs0 on 08/12/2023 - 18:40

      Usually not, need to prove ABN income over a period of months, maybe 1 yr

    • recession1 on 08/12/2023 - 18:44

      ABN is easy to create. The $75k pa business turnover is not so easy.

      • idonotknowwhy on 08/12/2023 - 20:04

        Just have to start declaring the ozbargain deal we buy, and then sell later for a profit.

        • krisspy on 08/12/2023 - 23:23
          +1

          $100,000k on capital expenses from ozbargain. I dont even know what my business does yet.

  • freedomofspeech on 08/12/2023 - 22:56

    need to be registered for GST?

  • Sidor on 09/12/2023 - 07:42

    Anyone applied yet?
    What documents they will require?

    • SydOzber on 09/12/2023 - 12:59

      If you already have a business account with them.. don’t need any documents. It was conditionally approved straight away and then I received a phone call as there were 2 directors listed on ASIC and I decided to remove one.

      The agent said they will be able to fully approve it once ASIC is updated

      • Sidor on 09/12/2023 - 22:13

        So, they did request any recent BAS or tax returns?

        • SydOzber on 10/12/2023 - 01:26

          no - it may be because of the fact that I have my Business account with them for over 2 years and they have visibility of all the transactions.

  • iscooljoey2 on 10/12/2023 - 05:54

    Any thoughts on this one vs the one from ANZ? https://www.ozbargain.com.au/node/810470

    • SydOzber on 10/12/2023 - 14:03
      +2

      Get both

  • lyoo01 on 12/12/2023 - 13:46

    Can you apply for this if you had personal card in the last 12 months and still get the bonus points?

    • SydOzber on 12/12/2023 - 14:39
      +1

      From what I know, personal and business cards are treated separately and I dont see any clause on that in the terms.

      • lyoo01 on 12/12/2023 - 23:26

        Cheers. Seems like a similar deal to ANZ one in that case :)

        • SydOzber on 12/12/2023 - 23:58
          +1

          Yes, I have applied for both ANZ Personal and Business cards in the last month + NAB personal and business.
          Will pause now for few months

  • louuisc on 12/12/2023 - 18:54

    Is it like the personal cc that you can re-apply after 18 months?

  • Sidor on 13/12/2023 - 07:15

    Unless one is using accounting software can't apply online, need to call them.

    • lyoo01 on 13/12/2023 - 12:17

      Did anyone do it this way?

      • Nzbargain on 19/12/2023 - 14:19

        They want your accountant to send in some evidence of profit/loss/financial statement etc.
        By the time this cost is factored in, it's not worth it :(

        • lyoo01 on 02/01/2024 - 10:41

          I wonder if you can just send in financial statements yourself as that wouldn't cost anything…

  • SydOzber on 29/12/2023 - 17:14
    +1

    First statement generated today. Spent $4000 in the first statement period. Charged $295 towards annual fee however the qantas points earned is only 102667

    • lyoo01 on 02/01/2024 - 10:41

      Did you call them about it?

      • SydOzber on 02/01/2024 - 17:40

        Yes they have raised an escalation.

        • SydOzber on 11/01/2024 - 19:30

          Got the extra 50k credited and annual fee waived for the first year.

          • tommynolips on 16/01/2024 - 16:36

            @SydOzber: Did you raise the issue with the Business Servicing Team or another team?

            • SydOzber on 16/01/2024 - 16:38
              +1

              @tommynolips: Customer servicing

              • tommynolips on 30/01/2024 - 11:20

                @SydOzber: First statement was generated 28 December.
                Second statement has not yet been generated (thought it'd be 28 Jan..)
                I hit the min spend in early January, I'll update here as to whether I get the full 150k bonus points or not

          • OzFrugie on 01/04/2024 - 23:41

            @SydOzber: did you do/say anything to get the first year annual fee waived? thinking of joining..

  • ThePointsGuru on 10/01/2024 - 14:15

    The application always throws an error after linking the accounting software. Is anyone else having issues with MYOB?

  • tommynolips on 01/02/2024 - 19:56

    I just got my first statement. Spent >10K on ATO payments in the last statement period but no Qantas points earned, or Qantas bonus points credited. I guess I'll have to phone up :/

    • longnbtd on 20/04/2024 - 10:10

      Have you got the points yet?

      • tommynolips on 21/04/2024 - 11:48

        Yep, I phoned up and there had been an issue at end of month with posting of points. It took a few days after the statement was issued for points to come across

        • longnbtd on 22/04/2024 - 09:14

          Sweet. Thanks mate

  • 4kbargain on 14/02/2024 - 09:48

    Can we load revolut / wise to fulfill that spend criteria. Have anyone tried this?

  • OzFrugie on 01/04/2024 - 23:48

    can anyone confirm if paying ATO (business income tax/BAS/super contributions/PAYG W) is counted towards the min spend criteria?
    when I was applying online, it asked "What is the predominant purpose of this application?".

    when I chose "Payments to the ATO for overdue tax debt", it then said "This product can not be used for the purpose of ATO payment. Please contact your banker or NAB on 1300 615 746 (Monday to Friday, 8:00am to 6:00pm, AEST/AEDT except for public holidays) to discuss your needs."

    • pennypetaz on 10/05/2024 - 11:21

      Did you end up confirming this?

      • OzFrugie on 11/05/2024 - 11:07
        +1

        If i remember correctly, i chose something else. Got the card. Paid ato using bpay seems go through ok. I called nab support once and asked if ato bpay payment counts towards points, he said yes.

        Not sure why there is this warning message in the application form

  • karma25 on 30/05/2024 - 11:18

    Just got my first statement with annual fees, 150K bonus points + 18 k points on ATO and other purchases. No cash advance fees. I could pay all bpay transactions though this card and earn points. This one is a keeper

  • rabbithole007 on 01/06/2024 - 21:34

    Please note If you business is owned by another business entity you wouldnt be qualified

    Only sole traders, a business partnership with at least one registered business name with no more than two individual partners and, a company with five or less directors or selected trust structures are eligible to apply. Joint borrowers who are not partnerships or partnerships where one or more partner is a company are not eligible to apply.

  • ocular on 02/06/2024 - 18:40

    Did I read that ATO payments are the the only Govt payments that are eligible, does that mean Payroll tax payments do not gain points?

    Looks as though the Qantas Business Rewards points can be transferred to any nominated QFF as long as there are > 3000 accumulated. Suppose that has fringe benefits tax implications if used for non business purpose.

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