NAB Credit Card Updates 1 October 2026

[kamchatsky]

More devaluations coming across all cards:

Upcoming changes to your credit card

Find out about upcoming changes to NAB credit cards from 1 October 2026, including rates, fees, rewards and product names.

www.nab.com.au

NAB credit card fees and charges

Our guide will help answer your questions about personal credit card fees and charges, as well as upcoming changes to services.

www.nab.com.au

In particular, the Signature card changes (which I assume AFFers prefer):

NAB Qantas Rewards Signature Card​

• The variable purchase rate will increase from 20.99% p.a. to 22.49% p.a.
• The variable cash advance rate will increase from 21.74% p.a. to 22.99% p.a.
• From 1 October, for new applications, the Annual Fee will be $449 p.a.
• Changes to the Qantas Points earn rate are outlined in the table below:

Until 30 September 2026​

Total spent on eligible purchases per statement cycle	Points earn rate
For the first $5,000 ($0 to $5,000)	1 point per $1
From $5,001 to $20,000* *Points are capped at $20,000 spend per statement period	0.5 point per $1

From 1 October 2026​

Total spent on eligible purchases per statement cycle	Points earn rate
For the first $3,000 ($0 to $3,000)	0.75 point per $1
From $3,001 to $15,000* *Points are capped at $15,000 spend per statement period.	0.25 point per $1

Plus, earn 0.5 bonus point for every $1 you spend (uncapped) on your NAB Qantas Rewards Signature Card on International Spend.

NAB Rewards Signature Card​

• The NAB Rewards Signature Card will be renamed to the NAB Rewards Travel Card
• The variable purchase rate will increase from 20.99% p.a. to 22.49% p.a.
• The variable cash advance rate will increase from 21.74% p.a. to 22.99% p.a.
• The monthly card fee of $35 will be changing to an annual card fee of $395 p.a.
  • The annual fee of $395 will be debited on the last day of your statement period after 1 October 2026 and then annually in the same month thereafter.
• The monthly card fee waiver will no longer be available
• Merchandise and Charity options will be removed from the NAB Rewards Store
• Access two complimentary Airport Lounge passes to selected airport lounges at selected airport locations per calendar year
• Changes to the NAB Rewards Points earn rate are outlined in the table below:

Until 30 September 2026​

Total spent on eligible purchases per statement cycle*	Points earn rate
For the first $15,000 ($0 to $15,000)	1.5 NAB Rewards Points per $1
From $15,001, uncapped	0.5 NAB Rewards Points per $1

*Points will be calculated by rounding to the nearest dollar on eligible purchases.

Plus, earn 1.5 NAB Rewards Points for every $1 spend in eligible grocery stores and 2 NAB Rewards Points on purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au (uncapped) through Points Booster.

From 1 October 2026​

Total spent on eligible purchases per statement cycle*	Points earn rate
For the first $10,000 ($0 to $10,000)	1.5 point per $1
From $10,001, uncapped	0.5 point per $1

*Points will be calculated by rounding down to the nearest dollar on eligible purchases.

Plus,

• Earn 1 additional NAB Rewards Point for every $1 spend on eligible Grocery, Petrol, Public Transport and Travel transactions (uncapped) through Points Booster

Rates previously applied for purchases made online with Webjet via the NAB Rewards Store or on webjet.com.au will no longer apply. Eligible Webjet purchases will now earn points at the Travel earn rate.

For more information on the NAB Rewards Program and Points Booster check out: NAB Rewards Program

 

[MELso]

That's a bit of a bummer (but not surprising).

I'll keep my Qantas Signature card until 12 months are up in January, get the extra bonus 30,000 points and then survey the market. The bonus 1ppd for Qantas spend means it'll still be quite decent for earning, even after the devaluation (but then the Qantas Money cards might also do that although they have the ominous wording "Fees, charges and earn rates (if applicable) are subject to change from 1 October 2026. If we make changes, these will be communicated in accordance with our terms & conditions.").