• long running

NAB Rewards Signature Credit Card: 130,000 NAB Rewards Points with $3,000 Spend in 60 Days, $24 Monthly Fee @ NAB

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NAB Rewards Signature Credit Card: 130,000 NAB Rewards Points with $3,000 Spend in 60 Days, $24 Monthly Fee @ NAB
Go to Deal
Lspast1ka on 12/06/2024 - 17:50 nab.com.au (3768 clicks)
Last edited 13/06/2024 - 21:59 by 1 other user

My first deal, go easy ;)

Deal

  • 180,000 NAB Rewards bonus points
  • 130,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 50,000 bonus points when you keep your card for over 12 months. That’s enough for $880 in gift cards.
  • Plus, a $24 monthly card fee, reversed if you spend $5,000 or more in a statement period.

Enjoy six complimentary insurances

Travel insurances

  • International travel insurance
  • Domestic travel insurance
  • Rental vehicle excess in Australia insurance

Purchase insurances

  • Purchase protection insurance
  • Extended warranty insurance
  • Mobile phone insurance

Other

  • Fee-free international transaction
  • Delayed flight lounge pass​

Couldn't post direct link, as the previous deal which expired yesterday contains the same URL. However this seems much better!
Potential $626 profit after the first month $24 fee if you churn straightaway. Current Apple GC sale on their rewards store will even give you $700 worth of gift cards.

Financial Credit Card Reward Points VISA

Related Stores

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

Comments

  • watwatwat on 12/06/2024 - 18:03
    +1

    Worth $636 of supermarket gift cards minus the monthly fees. Sounds good…..

    • spast1ka on 12/06/2024 - 18:13
      +3

      $626 I think? 133000 / 10210 ($50 GC) = 13.02. So $650 of gift cards, then minus $24 fee equals $626
      Apple GC's are currently 9180 for $50, so you could get 14.5 x $50 cards so ~$725!

      • CodeXD on 12/06/2024 - 19:23
        +2

        This assumes you complete your entire $3k spend within 30 days AND you get 130,000 NAB rewards before they charge you another $24 monthly fee.

        Apple GC are very specific, Coles/woolworths are 20,410 per $100 which is what most people will convert to = $600 with 7,540 points leftover.

        • spast1ka on 12/06/2024 - 19:28
          +6

          With the qualifying $3k spend you will also get 3000-4500 pts, so adding that to the 7,540 leftover points will get you just enough for another $50 Colesworth gift card.

  • Unacceptable on 12/06/2024 - 18:14
    +1

    Is NAB Qantas reward card different from this? Not relating to the 18 months waiting period restriction?

    • thrillho on 12/06/2024 - 18:20
      +1

      "This offer isn’t available to existing customers who received NAB Rewards Bonus Points in the last 18 months for a new personal NAB Rewards credit card, or when closing or transferring from another NAB branded credit card account, or in conjunction with other NAB credit card offers."

      Seems you may be okay.

      • johnnytran on 26/06/2024 - 22:39

        I'm new to churning cc's, do we have to wait 18 months from the date we closed our previous NAB cc? or is it 18 months from when we received the bonus points (not regular points from purchases)? I've had a NAB cc for almost 12 months, wondering if i close it, do i just have 6 months left?

        • timhn on 27/06/2024 - 05:15

          18 months from the date that closed the cc.

      • LukyTom on 16/09/2024 - 22:44

        Wait, isn't it saying that you can't have NAB QANTAS within the last 18 month? Cause it is an NAB branded credit card?

    • Blokeinhisundies on 12/06/2024 - 18:25

      Two different programs. You can do both at once if you wanted to (and pass the credit assessment of course).

  • coast666 on 12/06/2024 - 18:20
    -1

    I am currently got a low rate card with them. Am I eligible for it ?

  • mk8 on 12/06/2024 - 18:33

    I recieved my NAB Rewards Signature ~8 weeks ago with significantly less points and annual fees. Any way to have them honor the current offer?

    • Blokeinhisundies on 12/06/2024 - 19:15

      No.

      • mk8 on 12/06/2024 - 20:22
        +1

        Actually mine is the Qantas, offer is unchanged. No FOMO.

  • Aklaudian on 12/06/2024 - 18:37

    I've never had a cred card can this be used for a mortgage repayment? That's the most expense I have

    • Thypeople on 12/06/2024 - 19:15
      +2

      Unfortunately not, at least not directly.. (as far as I know, and could be wrong)

      We use the CC for daily expenses and put all spare cash to the offset account and repay the CC monthly.

  • CodeXD on 12/06/2024 - 19:17
    +2

    $24 Monthly Fee

    Banks are going too far… Wtf

    • spast1ka on 12/06/2024 - 19:21

      Curious what you mean, could you elaborate?

      • CodeXD on 12/06/2024 - 19:29
        +2

        It used to be reduced $145 annual fee and I would hit up chat to get it refunded.

        • spast1ka on 12/06/2024 - 19:45

          I've never tried that before. Would they refund you the whole amount or on a pro-rata basis?

          • CodeXD on 12/06/2024 - 19:47
            +1

            @spast1ka: I was refunded the whole amount

            • spast1ka on 12/06/2024 - 20:09
              +2

              @CodeXD: I think this is consumer friendly on the banks' part for once. I reckon 95% of people wouldn't think to negotiate an annual fee refund, and forget until they get slapped with the next year's fee (myself included lol).
              Since this is charged on a monthly basis it would make people close their cards early once they hit the qualifying spend.

    • askbargain on 12/06/2024 - 19:23
      +2

      rather a monthly fee than ask for an annual fee refund

      • timhn on 12/06/2024 - 19:47
        +1

        Agree. If you can get the bonus points within 1st or 2nd month then that much better than annual fee since banks likely not refund the pro-rated fee any more. Not saying that they won't but very hard to ask for refunds now a day - closed 4 cards in last 8 months or so, only got 1 refunded.

  • borgainerz on 12/06/2024 - 19:31

    the previous deal was better, 120000 + 40000 points, but a yearly fee of "only" $145 the first year (compared to $24/mo)

    • spast1ka on 12/06/2024 - 19:35
      +2

      the previous deal you still had to spend $3000 within first 60 days. This one assuming you take the full 60 days to meet the spend you will probably pay $72 of fees.
      This deal is 130000 + 50000. The bonus 50k is after keeping card for over 12 months, which I personally wouldn't do.

      • borgainerz on 12/06/2024 - 20:54

        Oh you mean you think people just want to churn after getting the bonus after 60 days?

        I meant, better deal if you keep the card 12 (or 13) months. I'm planning on keeping it months, I paid $145 for the first year

        • CodeXD on 12/06/2024 - 20:57

          If you keep for longer than 12 months the second year is $295 AF.

    • CodeXD on 12/06/2024 - 19:40
      +1

      Plus you only get that 40,000 after paying the second year annual fee of $295

      • borgainerz on 12/06/2024 - 20:52

        nope because you would have switched to monthly, so you pay only 24$ to get the remaining 40k points

        • CodeXD on 12/06/2024 - 21:08
          +1

          Are you on the older one? Is NAB forcing everyone who was on annual fee to convert to monthly fee when it ends?

          • borgainerz on 12/06/2024 - 22:04

            @CodeXD: I just got the older one 2 weeks ago, hopefully they let us use the full paid year, but yeah after that it goes to monthly.

            • spast1ka on 12/06/2024 - 22:44
              +1

              @borgainerz: Monthly fee would be great if you could get the bonus 40k points and cancel after your first year, effectively $200 gift cards for a $24 fee.

              • CodeXD on 12/06/2024 - 22:46
                +1

                @spast1ka: I would still prefer to cancel and get the 130,000 points every 18 months

  • borgainerz on 12/06/2024 - 19:33
    +1

    OP can you add two more benefit (the best imo) in your description?

    • mobile phone insurance
    • fee-free international transaction
    • spast1ka on 12/06/2024 - 19:35

      thanks will do!

    • watwatwat on 12/06/2024 - 20:37

      What is the conversion rate? Do they add markup?

  • Shaneeo on 12/06/2024 - 20:02
    +1

    Came here to post this offer but OP beat me to it. Brand new offer started today and saw it advertised on FB. Think I have found my next churn. This would rank in the top 3 offers on rwrds.com.au
    Great offer for circa $600 of gift cards with potentially only 1-2 months account fee to pay.

  • samehada on 12/06/2024 - 20:34
    +1

    The limit on these cards are way too high. Those who has mortgage won't have a chance to get this kind of limit. My friend has mortgage and investment loan and got rejected for $500 limit which is ridiculously stupid.

    I don't really understand how bank assessed risk when unemployed or student can get $1000 credit card limit / Zip / Afterpay or people can get approved for $2k iphone on postpaid plan but those who got 2 properties get rejected for $500 limit. These $1000 or less limit should be very likely no risk for bank for those are having mortgage.

    • CodeXD on 12/06/2024 - 20:38

      The limit on these cards are way too high. Those who has mortgage won't have a chance to get this kind of limit.

      I have a mortgage and currently hold $23k citibank prestige, $6k kogan, $6k anz and $3k 28D.

      My friend has mortgage and investment loan and got rejected for $500 limit which is ridiculously stupid.

      Do they have a PAYG salary?

      • samehada on 12/06/2024 - 20:51
        +1

        They assessed based on your serviceability, it is auto-rejected by the system. If you have mortgage and investment loan at nearly maxed out of the bank assessed serviceability you won't even get $500 limit which is why I said is ridiculous.

        Some bank even has stricter serviceability than others, but what is the higher risk of default on a $500 credit card? those who own 3 properties or student. That's why I said this make zero sense in risk assessment.

        • CodeXD on 12/06/2024 - 21:01

          That is only if you have mortgage AND investment property AND have loans maxed out. That isn't the case for a lot of people.

          • samehada on 12/06/2024 - 21:04
            -3

            @CodeXD: Ever heard of mortgage prison? With the current high interest rate and bank use even higher rate to assess your serviceability that affects a lot of people

            • CodeXD on 12/06/2024 - 21:10
              +2

              @samehada: Your friend can sell the investment property? This is getting off-topic, they should see a financial adviser if they feel they are trapped in mortgage prison.

  • Unacceptable on 12/06/2024 - 20:59

    Thanks op. Got approved instantly.

    • sunyuanxin on 29/10/2024 - 11:05

      any document needs to upload to nab?

  • coxymla on 12/06/2024 - 21:06
    +2

    Woah, $5K spend to dodge the monthly fee! I thought CommBank was bad!

  • Del Boy on 12/06/2024 - 21:39
    +1

    Great deal and just today decided on this too after Coles Mastercard chipping away at all the benefits.

    This ticks nearly every box (rewards, insurance and fee free international transactions).

    The monthly fee being waived every month with the $5k spend is extra sweet.

    If only 55 days interest free but seems all of them are going that way……..

  • mt2000 on 13/06/2024 - 10:32

    Am I reading this right? If you use this card to buy prepaid gift card like a preloaded VISA it state in the TC that you will be charge a Cash advance fee??
    https://www.nab.com.au/personal/life-moments/manage-money/ma…

    • CodeXD on 13/06/2024 - 10:58

      Just turn it off

  • watwatwat on 13/06/2024 - 11:36

    Conditionally approved and then rejected..

    • CodeXD on 13/06/2024 - 11:53

      Did they call you at all?

  • CodeXD on 13/06/2024 - 12:53

    Received conditional approval yesterday, and I uploaded payslips and bank statement.

    Received sms that they'll call me if more info is needed but didn't receive any calls.

    Was just approved.

  • ppy on 14/06/2024 - 11:04

    Can I know what is "everyday purchase"? it's wws everyday or just daily expense? Thanks

    • 76F on 14/06/2024 - 11:07

      Daily expense.

      • ppy on 14/06/2024 - 11:08

        thanks

  • ppy on 14/06/2024 - 11:40

    One question on Complimentary international travel insurance

    How to understand "charge at least $500 of your prepaid travel costs to the accountholder’s card account before leaving Australia" ??? Thanks

    • 76F on 14/06/2024 - 12:04

      Pay for prepaid travel costs such as the cost of your return overseas travel ticket, prepaid accommodation, cruise, travel or tour.

  • cheaptech20 on 14/06/2024 - 18:18

    I had a Citi Prestige weeks ago, does that affect my eligibility?

    • CodeXD on 14/06/2024 - 19:04
      +1

      No, does not affect it at all.

      • cheaptech20 on 14/06/2024 - 19:44

        Fantastic! Was unsure because of the whole Citi being bought by NAB

  • clayaa on 15/06/2024 - 22:26

    If I have a NAB Qantas CC, would I still be eligible for the bonus offer from this card?
    I couldn’t find it anywhere, am pretty sure eligible, similar to the ANZ. Can someone confirm please?

  • lesliejmc on 17/06/2024 - 15:00

    I got the following offer from Flybuys and looks like it's the same credit card.

    Do you think this is better or not?

    "Collect up to 110,000 Flybuys points with a new NAB Rewards Platinum credit card1
    That's worth up to $550 Flybuys Dollars. Make the most of your eligible everyday spend and unlock unlimited points potential with a NAB Rewards Platinum credit card. Plus, enjoy an ongoing annual fee of just $95"

    • CodeXD on 17/06/2024 - 15:15
      +1

      NAB rewards platinum is a different card to nab rewards Signature (this deal)

    • DealBreaker85 on 20/06/2024 - 17:54

      They are different cards with different features.

  • lesliejmc on 17/06/2024 - 15:49

    ok thanks I think I will go with the NAB Rewards Signature one

  • mikuno on 21/06/2024 - 09:54
    -1

    I assume I can stack this rewards signature plus Qantas signature CC, but not rewards platinum plus rewards signature, correct?

  • SirPumpkinator on 22/06/2024 - 08:01
    +2

    Just signed up- took about 6-8 minutes. Received an email 3 minutes later saying I’m accepted and new card in its way.
    Bloody fast turnaround!

  • zan5hin on 25/06/2024 - 04:24

    I've just got conditionally approved. It took longer than 8 minutes….. lots of financial questions, I keep a log of my answers now to try to speed up each application.

    I am already with NAB with a $0 transaction account that was created as an ex-Citibank customer, so that was good.

    I got rejected last week for an Ebay deal with Zipmoney, Zipmoney rejected me a $400 item and gave me a credit check.

    I cancelled Virgin Velocity card 2 weeks ago and tried to reapply a few days ago, seeming reports that you can re-apply. This was also declined, another ping.

    So I hope this NAB one goes through, I still have AMEX Platinum charge card and ANZ Black - Need to keep the black for the insurance until I get back to Australia in August.

    The "no international fees" is perfect for me, 6 weeks of travelling - every time I do anything involving money, I will be whipping out this card. Well, besides from "cash only" activities ;P

    • ltwo on 04/07/2024 - 12:29

      might want to watch out for the forex rates on the card too.

      • dbnewman89 on 16/09/2024 - 16:39

        Forex rate is the visa rate, which is actually slightly better then mastercard. It's not NAB's own rate.

  • tazzabros11 on 25/06/2024 - 08:44

    Anyone confirm if you can open in partners name? I have nab rewards cc now and she's an additional card holder so worried it won't work

  • gaosong2101 on 26/06/2024 - 14:44
    -3

    Not worth the time and hassle

    I had to fill in their lengthy online application forms TWICE because their web app bugged the first time.

    Submitted the documents TWICE and visited a branch to verify my identity. After that, I rung them up and was told I'm all done, and I should get a result within 48 hours.

    After 48 hours, nothing happened.

    I just rung them up again, and they now say I didn't complete the identity verification and I need to visit the branch again. Why didn't you tell me last time when I called you? And this time they say the result will take 5 business days after the verification

    Nothing towards the OP. Just NAB's application process is just terrible

    • zan5hin on 27/06/2024 - 03:29
      +1

      Any big bank, it's worth getting a transaction account with them first before you along for a CC. I did this with NAB, Westpac, St G, ANZ….

      I've still got them, some are free so no hassles, some I move $2k around every month to avoid $5 fee, takes just 30 seconds.

  • slaka on 28/06/2024 - 14:11

    Here is my timeline. I had given up because it was taking so long. Clearly manual processing was required by staff so perhaps we can blame work queues.

    15 June: Initial application completed
    19 June: Email "NAB needs you to send some documents" - had to send docs to verify salary income
    28 June: Email/SMS "We have approved your application"

  • CodeXD on 02/07/2024 - 15:39

    I met the $3k spend on 27th June, paid it off on 28th June.

    Just received my 130k points :)

    • SirPumpkinator on 02/07/2024 - 15:40
      +1

      Good to know! Thanks! Was just about to post that question. Hit the 3k spend 1/7. So should receive points by the end of the week.

      • SirPumpkinator on 05/07/2024 - 07:51
        +1

        Points were there at 6am this morning. Points spent, card cancelled. Woo!

        • ltwo on 05/07/2024 - 09:52

          what was your application process like (how long etc) and did you get the velocity bonus too?

    • BarneyKB on 12/07/2024 - 21:53

      Did you pay it off before the end of the first statement period? Would like to avoid entering the second month if possible to avoid fee, but I haven't gotten the bonus yet even though I've met minimum spend (haven't repaid yet though)

    • dorikin on 12/07/2024 - 21:57

      Is there a way to pay it off before receiving the first statement without having a transaction account?

      I’d think bpay, but the details would be on the statement?

      • CodeXD on 12/07/2024 - 22:48
        +1

        Yep you can bpay

        Use BPAY® to make a payment
        Biller code: 1008
        Customer reference number: your credit card number.

    • VQLD on 30/07/2024 - 10:40

      @CodeXD, do you know if you can cancel the card and then use NAB points (assuming there are other NAB non-reward accounts) or it's just safer to use points first and then cancel the card (points will gone during CC cancellation)?

      • CodeXD on 30/07/2024 - 10:48

        I used all my points before I cancelled.

        However, I just dug out the physical NAB letter I received for the closed account and it states:

        As outlined in your NAB Rewards Terms and Conditions, you have up to 60 days from the date you make the request to close your account to redeem your NAB Rewards points by calling us. Points that remain unredeemed after that 60 day period will be forfeited.

        https://www.nab.com.au/content/dam/nabrwd/documents/terms-an…

        • VQLD on 30/07/2024 - 11:46

          Thanks. I think ANZ has similar conditions but someone here (who apparently works for ANZ) said that it's better to use them before cancellation. Their systems are weirdly connected so, CC cancellation will trigger rewards account cancellation. Yeah, probably it's better to play it safe and use them before cancelling CC..

    • snappywan on 08/10/2024 - 14:07

      I did $5k spend on Oct 2nd. Paid off on Oct 3rd. It's now Oct 8th and no bonus points yet. Monthly charge came and was reversed though. Will update on the day I get points.

      • snappywan on 01/11/2024 - 05:12
        +1

        Met spend Oct 2.

        Received points on Nov 1.

  • Baksow on 02/07/2024 - 20:43

    Does it have any cancellation fee or other implications if i get the bonus rewards points and then cancel the card?

  • kehuehue on 03/07/2024 - 15:02
    -2

    $3000 in two months might be hard, can i pay rent with it? or off one of citibanks cards? will it count?

    • CodeXD on 03/07/2024 - 15:34

      $3000 in two months might be hard

      Then this is not the card for you.

      No credit card will let you pay off another credit card balance and earn points. There is balance transfer available when you apply but that is not available on all cards.

      • timhn on 03/07/2024 - 15:38

        balance transfer won't earn any points , or meet the req for bonus points.

      • kehuehue on 03/07/2024 - 16:52

        I know you can pay off zip (not exactly a credit card) but it didnt count in CW's account spend (for Yello) but did for St George.

        Citi has the payall scheme running, so that wouldve been an easy 3k in a month.

  • sicarius on 09/07/2024 - 15:44

    Dumb question, how do you get approved for these when the minimum monthly limit is $15k? What kind of salary do you need to be earning?

    $7k limit with CBA, no loans or mortgages and very low rent/weekly expenses yet was only conditionally approved for a platinum card and declined this offer?

    • SirPumpkinator on 09/07/2024 - 18:06

      My salary on paper for this one was only ~$70k. No mortgage or loans. $19k other cards. TBH, surprised I was approved.

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