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NAB Rewards Signature

NAB Rewards Signature

3.7 from 3 reviews · View Statistics

Are rewards credit cards worth it?

Getting rewarded for spending money sounds like an ideal scenario. But will a rewards card really give you bang for your buck? This short guide will take you through the things to think about before signing up for a new rewards credit card.

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Pros

  • 120,000 NAB Rewards Bonus Points on offer

  • Earn up to 3.75 Points per dollar

  • 0% p.a. on Balance Transfers for 6 months

  • Seven complimentary insurances, including Overseas Travel Insurance

Cons

  • $295 Annual Fee

  • 2% Balance Transfer Fee

  • 3% International Transaction Fee

  • Minimum Credit Limit of $15,000

Details

CategoryRewards Credit Cards
Card TypeVisa
BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
Minimum Credit Limit $15,000
Additional Cardholder Fee $0 p.a.
Rewards ProgramNAB Rewards
Points Earn Rate 1.25 points per $1
Points Conditions
  • 1.25 point per $1 spent on everyday purchases,

  • 2.5 points per $1 spent on purchases made at major department and hardware stores including: Myer, David Jones, Kmart, Target, Big W, Bunnings, Mitre 10, Home Timber and Hardware, Stratco,

  • 3.75 points per $1 spent on purchases with Webjet, when travelling overseas or on overseas purchases made here in Australia.

There is no cap on earn rate.

Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate19.99% p.a.
Annual Fee$295 p.a.
Foreign Transaction Fee 3%
Interest Free Period 44 days
Cash Advance Rate21.74% p.a.
Introductory Offers
Sign-Up Bonus

Receive 120,000 Bonus Points (90,000 points when you spend $3,000 within 60 days of account opening and 30,000 points when you keep your card for over 12 months)

Visit official website

Reviews

3.7

3 reviews
5
(1)
4
(0)
3
(2)
2
(0)
1
(0)
  • Transparency
    4.0 (2)
  • Customer Service
    5.0 (2)
  • Rates and Fees
    4.0 (2)
  • Rewards
    4.0 (2)
  • Online Experience
    5.0 (2)
  • Application Process
    4.0 (2)
Previous
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Jason Z.
Jason Z.Greater Melbourne (Outer), VIC
  • 2 reviews

could be better

published

- The Nab experience overall experience was not so bad.
- It is easy to accumulate points and redeem points is a bit high
- Lots of variety of gift cards etc JB Hi-Fi, Amart, Big W, Dyson.

Transparency
Customer Service
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

ak.adeel
ak.adeelGreater Melbourne (Outer), VIC

Good for day to day use

published

The credit card was bundled with our home loan package so there were no annual fees. The point accumulation was ok. You get 1 point for one dollar spent. Could have done better. The thing I disliked was the international transaction fees and poor exchange rates which forces me to take out another credit card with no fees. Did not use this card overseas for this reason.

Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

kyrogi54
kyrogi54Far North Queensland, QLD
  • 2 reviews

Perfect for my needs

published

Long interest free period. No annual fee. Have had the card for a very long time and wont change it in the near future. Easy to use in Aus and overseas

Transparency
Customer Service
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

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