NAB Rewards Signature Credit Card: Check everything you need to know

04/02/2025 • Bruno Anderson • Financial Education

The NAB Rewards Signature Credit Card stands out with its generous rewards program, fee-free international transactions, and an array of complimentary insurances - making it an attractive option for frequent travelers and international shoppers.

The highlight of this card is its high points earn rate, lack of international transaction fees and various complimentary insurances.

High points earn rate
No international transaction fees
Complimentary insurances
Availability for applicants with negative credit history

Before we delve into the specifics, it's worth noting that even if you've had some bumps along your financial journey, you might still be eligible to apply for this card.

Benefits of the NAB Rewards Signature Credit Card

The NAB Rewards Signature Credit Card is packed with features that make it a standout option in the premium credit card market.

Here are some of the key benefits that set it apart:

Fee-Free International Transactions

The card does not charge international transaction fees on eligible purchases, making it ideal for frequent travelers or those who shop internationally.

Uncapped Rewards Points

There is no cap on the number of points you can earn each month. Points can be redeemed through various partner programs, including Velocity Frequent Flyer, KrisFlyer, and Asia Miles.

Complimentary Insurances

Includes mobile phone insurance and travel insurance, offering peace of mind while traveling or conducting everyday activities.

Delayed Flight Lounge Pass

Offers lounge access in the event of a delayed flight, providing comfort and convenience during travel interruptions.

Balance Transfer Offer

Enjoy 0% interest on balance transfers for the first 12 months, with a minimal transfer fee, ideal for managing existing credit card debts.

Who Should Consider This Card?

The NAB Rewards Signature Credit Card isnt just for high-spending travelers; its benefits can appeal to a wide array of potential users. Here’s a closer look at who might benefit the most from this card:

Frequent travelers who can benefit from fee-free international transactions and travel insurance.
Individuals looking to maximize their rewards earning potential without a cap.
Shoppers who make international purchases and want to avoid transaction fees.
Those who might have a negative credit history but are seeking a premium credit card option.

Whether youre booking frequent flights or just want to ensure youre racking up maximum rewards on everyday purchases, the NAB Rewards Signature Credit Card offers a compelling package for a diverse set of needs.

Pros and Cons of the NAB Rewards Signature Credit Card

When considering any financial product, it’s essential to weigh the pros and cons to determine if it fits your personal financial situation.

Here are the strengths and weaknesses of the NAB Rewards Signature Credit Card.

Pros

Flexible Rewards Program
Points can be transferred to multiple airline loyalty programs, offering flexibility in how you redeem your rewards.
No International Transaction Fees
Saves money on overseas purchases, a significant benefit for international travelers or shoppers.
Uncapped Points Earning
No limit on the number of points you can earn, maximizing your potential rewards.
Complimentary Insurances
Includes mobile and travel insurance, adding value and security for cardholders.

Pros

Monthly Fee
While the fee can be waived with sufficient spending, it may be a drawback for light users who do not meet the waiver criteria.
Transfer Fee for Balance Transfers
A 3% fee applies for balance transfers, which should be considered when planning to consolidate debt.

Why We Recommend the NAB Rewards Signature Credit Card

Here at Moneylova, we’re all about finding financial products that offer maximum value to our readers.

The NAB Rewards Signature Credit Card is a prime example of a credit card providing extensive benefits without the prohibitive costs often associated with premium cards.

Its comprehensive rewards program allows for flexibility and maximization of points.
The lack of international transaction fees helps save money on global purchases.
It offers additional valuable benefits such as complimentary insurances and lounge passes, enhancing its appeal.

How to Apply for the NAB Rewards Signature Credit Card

Applying for the NAB Rewards Signature Credit Card is a straightforward process that can be completed online.

Here’s how you can begin the application process:

Access to the bank website

Visit the official NAB website at www.nab.com.au for more details and to apply.
Call NAB customer service for assistance with your application.
Visit a NAB branch to speak with a banking representative.

Frequently Asked Questions

What is the annual fee for the NAB Rewards Signature Credit Card?

The card has a monthly fee of $35, which is waived if you spend $5,000 or more in a statement period.

Can I earn Velocity Points directly through this card?

While you cannot earn Velocity Points directly, you can transfer NAB Rewards Points to Velocity Frequent Flyer.

Does the card offer purchase protection?

Yes, the card includes complimentary purchase insurances as part of its benefits.

Final Considerations

The NAB Rewards Signature Credit Card offers a wealth of benefits that make it an attractive choice for many Australians, particularly those who travel or shop internationally.

At Moneylova, we continuously seek out and review financial products that cater to diverse needs, ensuring that you have the best information to make an informed decision.