NAB QFF Signature Card, 100K Bonus Points, $395 fee, $3000 spend (update Nov-17)

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Great news, even more because I almost applied for this last night so glad I held off!
 
$395 annual fee is a lot. More than double what Westpac have been charging for a similar number of bonus points.
 
$395 annual fee is a lot. More than double what Westpac have been charging for a similar number of bonus points.

Yes it is, and I agree - I'm just the 'messenger'.

Not a bad offer if you have the Nab Choice package though as you get it free as part of the package.
 
Hmmm - I can't see any 1 year exclusions... Maybe I haven't looked hard enough.

Important information
* NAB Qantas Rewards Bonus Points Special Offer

Offer commences 13 November 2017. To be eligible for the 100,000 bonus points offer, you must apply for a new NAB Qantas Rewards Signature Card by 25 February 2018, be approved and spend $3,000 on everyday purchases within 60 days of opening your account. To be eligible for the 25,000 bonus points offer, you must apply for a new NAB Qantas Rewards Premium Card by 25 February 2018, be approved, and spend $2,500 on everyday purchases within 60 days of opening your account. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purchases. NAB may vary or end this offer. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB offer. Points will be credited to your points balance within 3 months of meeting the spend criteria.

Source: NAB Qantas Rewards Signature Card Checklist
 
$395 annual fee is a lot. More than double what Westpac have been charging for a similar number of bonus points.
Sure, but given the exclusion period on the Altitude card it's one of the next best options (ANZ also a no go zone for me).
 
Sure, but given the exclusion period on the Altitude card it's one of the next best options (ANZ also a no go zone for me).

NAB are probably thinking along those lines as well. Yeah, they'll miss out on picking up some people due to the fee but they'll pick up people who are excluded from other cards, and the annual fee plus interchange fees probably covers the cost of the points.

Then they'll be factoring in retaining a few people or getting the percentage who don't pay off everything on time.
 
$395 for 100k is within the realms of my churnometer. No lounge passes to offset the fee either though.
Nab - about the last to still ignore the exclusion requirement, good for them
 
Hmmm - I can't see any 1 year exclusions... Maybe I haven't looked hard enough.

Nab - about the last to still ignore the exclusion requirement, good for them

I banked with NAB for around 10-12 years, signed up for this card a few months back (I think when it was at 75k points), and only two weeks ago closed both the card and the transaction account. Do you think there will be any issues applying for the card again seeing as there is no stipulation on exclusion period? Would they possibly just decline me because they can?
 
$395 annual fee is a lot. More than double what Westpac have been charging for a similar number of bonus points.


Agree with this. I was eyeing off this card but in the end went for the ANZ QF Black card. Only 75k bonus pts but $0 annual fee for the first year was a winner for me.
 
I banked with NAB for around 10-12 years, signed up for this card a few months back (I think when it was at 75k points), and only two weeks ago closed both the card and the transaction account. Do you think there will be any issues applying for the card again seeing as there is no stipulation on exclusion period? Would they possibly just decline me because they can?
NAB don't seem to care. I've done at least 3 NAB cards inside a 12 month period.
 
Agreed, the up front fee plus no other benefits that I can use it's just too hard to justify

Yes there may be 'better' options out there, but at 0.395c per point it's still a pretty good deal really.
 
I don't know anyone that wants to pay more for points than they need to but go ahead if you want to.

Even the following two deals combined would still yield 100,000 QFF points for under $300. NAB want $395 for the same number of points.

Macquarie Platinum Card with Qantas Points (40,000 QFF bonus points)

HSBC Platinum 60,000 $199 fee

I don't understand what the issue is, I've said that $395 is expensive compared to other similar products - so if you don't like it, then don't get it.

But at 0.395c per point, in the overall scheme of accumulating mass points for premium redemption's it is still very good value.
 
$395 for 100k is within the realms of my churnometer. No lounge passes to offset the fee either though.
Nab - about the last to still ignore the exclusion requirement, good for them

Love this!!
 
Or swap the HSBC for the Qantas Premier and you've got 115k @ 0.22 cents per point.
Sure. So many cheaper options for points out there. But if people want to pay more that there prerogative.
 
I don't understand what the issue is, I've said that $395 is expensive compared to other similar products - so if you don't like it, then don't get it.

But at 0.395c per point, in the overall scheme of accumulating mass points for premium redemption's it is still very good value.

I just did an online application and on the last confirmation page it said the annual fee is $295. Didn't get a screen dump unfortunately so I'll see what happens.
 
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