NAB Rewards Signature Credit Card: Up to 120,000 bonus points

Eligibility criteria, minimum spend, terms and conditions apply

NAB Rewards Signature Visa Credit Card

NAB Rewards Signature Credit Card: Up to 120,000 bonus points

NAB Rewards Signature Visa Credit Card

Eligibility criteria, minimum spend, terms and conditions apply

120,000 bonus NAB Rewards points

When you spend $3,000 on everyday purchases in the first 60 days of account opening and keep your card open for over 12 months

Access a range of complimentary insurances

Get peace of mind when shopping at home or travelling overseas with access to a range of insurances

Earn up to 3.75 NAB Rewards points per $1 spent

1.25 NAB Rewards points per $1 spent on everyday purchases, 2.5 NAB Rewards points in major department and hardware stores and 3.75 NAB Rewards points per $1 spent overseas

Right now, new NAB Rewards Signature cardholders can receive up to 120,000 bonus NAB Rewards points – enough to take off on an adventure.

The NAB Rewards Signature Card offers the highest points-earning card in the NAB Rewards line up and is designed to deliver value with a flexible rewards scheme.

The 120,000 NAB Rewards points are yours when you spend $3,000 on everyday purchases in the first 60 days of account opening and keep your card open for over 12 months. T&Cs, eligibility criteria, fees and charges apply.

There’s also a supercharged point earning rate at major department stores, hardware stores and on overseas spend. Plus, enjoy seven complimentary insurances and other exclusive rewards.

Read on to find out more.

NAB Rewards Signature Card: Our Review

The NAB Rewards Signature Card delivers a solid ongoing earn rate on everyday spend, with an increased earn rate on offer at selected retailers and on overseas spend. The card delivers a range of benefits including insurances. However, it does lack some other perks that you might expect from a platinum-grade card, such as lounge access or travel credit.

Enjoy the flexibility of the NAB Rewards program

At the top of the list, comes a huge sign on bonus of up to 120,000 NAB Rewards points.

The 120,000 Bonus Points are awarded on a tiered basis. You’ll receive 90,000 Bonus Points when you spend $3,000 on everyday purchases in the first 60 days (credited to your points balance within 3 months of meeting the spend criteria) and 30,000 Bonus Points after 12 months (credited to your points balance within the 13th month).

The standout feature of NAB Rewards points is that they are extremely flexible. You’re not locked into a specific airline frequent flyer program. Rather you can save up NAB Rewards points until you’re ready to transfer them to an airline partner or redeem them for merchandise.

The NAB Rewards program counts Velocity, KrisFlyer, Asia Miles, and Air NZ Airpoints as transfer partners. The points transfer rates are as follows:

  • 1 NAB Rewards point equals 0.5 Velocity Points
  • 1 NAB Rewards point equals 0.33 Singapore Airlines KrisFlyer Miles
  • 1 NAB Rewards point equals 0.33 Cathay Pacific Asia Miles
  • 1 NAB Rewards point equals 0.005 Air New Zealand Airpoints.

As such, the full sign-on bonus of 120,000 NAB Rewards points is equivalent to 60,000 Velocity points or 39,600 Singapore Airlines KrisFlyer or Cathay Pacific Asia Miles.

When transferred to Velocity Frequent Flyer, the sign-on bonus is enough to get you return economy flights from Sydney/Melbourne to Hong Kong (or one way in business class).

Here are some other ideas (with points pricing correct at the time of writing):

  • Return economy flights from Sydney/Melbourne/Brisbane/Gold Coast to Auckland (35,500 Velocity points)
  • One-way flight in Virgin Australia’s ‘The business’ between Sydney/Melbourne and Perth (35,500 Velocity points), and
  • Five one way ‘zone one’ economy flights, covering routes like Sydney to Melbourne, and Melbourne to Adelaide (39,000 Velocity points).

NAB Rewards Signature Credit Card: 90,000 bonus points

Fees and charges are payable in addition to the points redeemed. Point redemption is subject to airline T&Cs and availability.

Earn 1.25 NAB Rewards points for each $1 spent on everyday purchases

Cardholders earn 1.25 NAB Rewards points for each $1 spent on everyday purchases everywhere Visa is accepted (excluding government charges). As a bonus, there is no cap to the number of points you can earn each month or year. Exclusions apply.

Supercharge your points earn at major department stores and hardware stores

The NAB Rewards Signature Card offers cardholders the ability to earn uncapped double points (2.5 points per $1) for spend at selected major department and hardware stores. The specific retailers where you’ll earn extra points are:

  • Kmart
  • Target
  • Big W
  • Myer
  • David Jones
  • Bunnings
  • Mitre 10
  • Total Tools
  • Stratco
  • Home, Timber & Hardware

If you spend regularly at one or more of the retailers listed above, you could boost your NAB Rewards points earn significantly.

Plus, earn a whopping 3.75 NAB Rewards points per $1 spent overseas

When you shop internationally online or overseas, you’ll enjoy triple points (the equivalent of 1.87 Velocity points or per dollar – on overseas spend). Note that a 3% foreign transaction fee applies to international spend.

Access a range of complimentary insurances

Get peace of mind, at home or when travelling overseas, with access to a range of insurances. These include:

  • Overseas travel insurance cover
  • Interstate flight insurance cover
  • Domestic hotel burglary insurance cover
  • Transport accident insurance cover
  • Extended warranty insurance cover
  • Purchase protection insurance cover
  • Price protection insurance cover

The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the NAB Card Insurance Policy Information Booklet and NAB Purchase Protection Insurance Policy Information Booklet.

Save money and enjoy a range of lifestyle benefits

The NAB Rewards Signature Credit Card delivers a range of additional benefits. These include:

  • NAB Concierge Service – 24 hours, 7-day access to the NAB Concierge Service to assist you with travel and lifestyle services
  • Visa Premium Access – enjoy deals, discounts and access to experiences like reserved concert tickets and luxury hotel offers, and
  • A free additional cardholder – add an additional cardholder to your account at no extra cost

Key NAB Rewards Signature Card information

Annual Fee

$295

Purchase rate

19.99% p.a.

Interest Free Days on Purchases

Up to 44 Interest free days on purchases. You won’t receive interest free days on purchases while you have a balance transfer. 

Points Earn Rate

1.25 NAB Rewards Points per $1 (Visa)

Point Cap

None

Standard Balance Transfer Rate

0% p.a. for 6 months. 2% Balance Transfer fee applies. Unpaid Balance Transfers revert to Cash Advance Rate. Minimum monthly repayments required.

Cash Advance rate

21.74% p.a.

Late Payment Fee

$15

Cash Advance fee

2% or $2.50. Whichever is greater

Type of cards available

Visa

NAB Rewards Signature Card eligibility

To take advantage of the 120,000 NAB Rewards points sign on offer, you need to apply for the NAB Rewards Signature Card, gain approval, spend $3,000 within 60 days of approval and keep your card open for at least 12 months.

The card has a minimum credit limit of $15,000.

This Bonus Points offer is not available to existing customers who have received or are entitled to receive Bonus Points from a personal NAB Rewards credit card in the last 12 months or those transferring from another NAB credit card account.

NAB Rewards Signature Card annual fee

The NAB Rewards Signature Card comes with an annual card fee of $295.

The secure, mobile-friendly application form takes less than 15 minutes to complete and you’ll receive a response in 60 seconds.

NAB Rewards Signature Credit Card: Up to 120,000 bonus points

NAB Rewards Signature Visa Credit Card

NAB Rewards Signature Credit Card: Up to 120,000 bonus points

Eligibility criteria, minimum spend, terms and conditions apply