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

woodyren · Nov 17, 2017

I have just cancelled my previous NAB card and will go again. I have a few cruises to pay for so will meet the 3K spend without incurring unnecessary efforts.

Need the Qantas points for a planned trip so all great value to me.

6th or 7th NAB card in the last 18 months. Much love NAB

PDog · Nov 17, 2017

nickfromeastryde said:
o
Having a few NAB shares in your name or even your SMSF removes all these difficult calculations thank god.

Guess I better cancel the Qantas Platinum and reapply for this one

I can't see that this one is on the shareholder's fee free list?

Shareholder benefits

Happy to be proven wrong though!

nickfromeastryde · Nov 18, 2017

PDog said:
I can't see that this one is on the shareholder's fee free list?

Shareholder benefits

Happy to be proven wrong though!

Sorry, I had forgotten not all cards included in offer. I guess I’m with Dr Ralph then, better cards to apply for

Though I might give them a ring just to see if that list is still accurate

lostix · Nov 18, 2017

For those who want to refinance their home, I'm thinking about trying to take up NAB's "Choice Package" which I think provides this card for free. Anyone reckon I'll get shafted on the points however?

Dr Ralph · Nov 18, 2017

lostix said:
Anyone reckon I'll get shafted on the points however?

Not sure what you mean by this.

But why would you refinance with NAB? U bank has a better rate and it's NAB owned.

PDog · Nov 18, 2017

lostix said:
For those who want to refinance their home, I'm thinking about trying to take up NAB's "Choice Package" which I think provides this card for free. Anyone reckon I'll get shafted on the points however?

I think nab offer a bazillion points for a mortgage? That might be even better!
My sister looked into that having recently received 60k bonus points on a card. The said the mortgage bonus is the cap, so would only going to offer the mortgage bonus less the 60k? She didn't go ahead with them, so not sure how it would have panned out.

lostix · Nov 18, 2017

Dr Ralph said:
Not sure what you mean by this.

But why would you refinance with NAB? U bank has a better rate and it's NAB owned.

Yeah, I'd only go with them if I can get them to provide competitive mortgage pricing first. Work is supposed to provide us with preferential NAB rates. Was hoping to stack NAB mortgage points offer + this credit card offer + a home loan rate which would be in line with UBank etc.

woodyren · Nov 19, 2017

PDog said:
I think nab offer a bazillion points for a home loan

Note that these are rewards points not QFF points as far as i can tell so it's only half a bazillion FF points that you will end up with minus any bonus points you have mined from NAB in the last 12 months. If after all rates fees and charges are calculated NAB is the best deal then go for it. I suspect that on most occasions this wouldn't be the case though.

rock86 · Nov 19, 2017

Dr Ralph said:
Not sure what you mean by this.

But why would you refinance with NAB? U bank has a better rate and it's NAB owned.

woodyren said:
If after all rates fees and charges are calculated NAB is the best deal then go for it. I suspect that on most occasions this wouldn't be the case though.

As with all the Big 4 banks the rate you can get depends on how much business you do with them and how much they will value you as a customer, just going off published rates only works in some circumstances.

dclol · Nov 20, 2017

Is council rates still eligible spend with Nab cards?

awkwardpaws · Nov 21, 2017

for those with multiple cards in the last 12-18 months, do you get the annual fee pro-rated when you cancel? or is that sunk cost?

coles525 · Nov 22, 2017

Applied online yesterday (via link on page 1 of here), conditional approval pending payslips / bank statements...

I rang them right after I wrote the reference number down (after the screen shots were saved during the application!). Current customer, wages going to you (just look at my wage history)..... bla bla.... Card was approved

Now to wait 3+ days for card delivery! Such a shame we have many bills due with in the next 90 days, including rates (x2) and car

ctrunfree · Nov 25, 2017

I just noticed today that the recent (17/11/2018) conditions for NAB credit card related travel insurance has shrunk the maximum length of an eligible overseas journey from 6 months to 90 days, unless you have a Signature card in which case it's still 180 days..

coolkid101 · Nov 25, 2017

dclol said:
Is council rates still eligible spend with Nab cards?

yes for me

coolkid101 · Nov 25, 2017

awkwardpaws said:
for those with multiple cards in the last 12-18 months, do you get the annual fee pro-rated when you cancel? or is that sunk cost?

i've not been successful getting fee partially refunded, either way have not kicked up a fuss, i was prepared to pay the fee to "buy" the points

woodyren · Nov 25, 2017

coolkid101 said:
i've not been successful getting fee partially refunded, either way have not kicked up a fuss, i was prepared to pay the fee to "buy" the points

Same here although I have had a full annual fee refund for bonus points being allocated outside the period stated in the T&C's.

Kangol · Nov 27, 2017

NAB must be having a hard time getting people to sign up to this. I'm kinda tempted, have managed to get over 200k from them for nothing.

mviy · Dec 1, 2017

Thinking about getting this card. 100,000 points would be nice.

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theblank · Dec 1, 2017

woodyren said:
How. Does having shares remove the annual fee ans still make you eligible for the BP's

yes.

its 500 shares though - thats quite an outlay of cash if you dont already have them.
Shareholder benefits

Tips:
- get the shares in joint names, then you can get two credit cards for free.

- You can only apply the shareholder benefit *after* the account is open.

So its not really clear if you can get the initial annual fee refunded or not, because the product description really only explains that annual fees due *after* the benefit is applied to the account are waived.

Im also certain that if you call NAB and ask them, they wont know the answer, because its a rare scenario, or of they give an answer they are making it up, so if you want to take this up, you are just going to have to wing it.

I have had this benefit for 20+ years, so Im no help

theblank · Dec 1, 2017

PDog said:
I can't see that this one is on the shareholder's fee free list?

Shareholder benefits

Happy to be proven wrong though!

If its not on the list, then its not.
The shareholders benefit page was updated very recently and after the launch of the latest products, as well as changing some of the conditions (removed minimum spend level). Any product ommissions are definitely deliberate

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