The NAB Rewards Signature Credit Card is an attractive option for those looking to maximize their spending rewards. With its competitive points system and a variety of perks, it stands out among credit cards in Australia. Whether you are a frequent traveler or someone who enjoys redeeming points for everyday purchases, this card offers flexibility and value.
Why Should I Get a NAB Rewards Signature Credit Card?
High Rewards Earning Potential
The NAB Rewards Signature Credit Card is designed for those who want to earn points quickly. Cardholders can earn 1.5 NAB Rewards Points per dollar spent on eligible purchases, up to $15,000 per month, and 3 points per dollar on purchases made through Webjet. This uncapped earning potential allows you to accumulate points without restrictions, making it ideal for regular spenders.
No International Transaction Fees
One of the standout features of this card is the absence of international transaction fees. This makes it an excellent choice for travelers who frequently make purchases overseas, allowing them to save on additional costs.
Bonus Points Offer
New cardholders can take advantage of a generous introductory offer, earning up to 180,000 bonus NAB Rewards Points. This includes 130,000 points for spending at least $3,000 within the first 60 days and an additional 50,000 points after maintaining the card for over a year.
Additional Benefits
The card also comes with a suite of complimentary insurances, including travel insurance, rental vehicle excess insurance, and purchase protection. These added benefits enhance the overall value of the card, making it more than just a rewards program.
Pros and Cons of NAB Rewards Signature Credit Card
| Pros | Cons |
|---|---|
| High points earning potential | $24 monthly fee (waived with $5,000 spend) |
| No international transaction fees | High variable purchase rate (20.99% p.a.) |
| Generous bonus points offer | Points expire after 36 months |
| Complimentary insurances | Minimum credit limit of $15,000 |
Fees and Interest Associated with NAB Rewards Signature Credit Card
| Fee/Interest Type | Amount/Rate |
|---|---|
| Monthly Fee | $24 (waived with $5,000 spend) |
| Variable Purchase Rate | 20.99% per annum |
| Variable Cash Advance Rate | 21.74% per annum |
| Balance Transfer Rate | 0% for the first 12 months, then 21.74% |
| Balance Transfer Fee | 3% |
| Late Payment Fee | $15 |
How to Apply for a NAB Rewards Signature Credit Card
- Check Eligibility: Ensure you meet the basic eligibility criteria, which include being at least 18 years old, an Australian resident, and having a regular income. There are no strict minimum income requirements, but you must pass NAB’s credit assessment.
- Gather Required Documents: Prepare necessary documents, including identification, proof of income, and financial statements.
- Visit NAB’s Website: Go to the NAB website and navigate to the credit card application section.
- Complete the Application Form: Fill out the online application form with your personal and financial details.
- Submit Your Application: Review your information and submit the application for processing.
- Await Approval: NAB will review your application and notify you of the outcome, typically within a few business days.
- Activate Your Card: Once approved, receive your card, activate it, and start enjoying the benefits.
The Final Words
The NAB Rewards Signature Credit Card offers a compelling mix of rewards, benefits, and flexibility, making it a strong contender for anyone looking to maximize their spending. With its generous points system and lack of international fees, it is particularly well-suited for frequent travelers and savvy spenders alike.