Gift card value
−$20 after fees
$125 in Woolworths gift cards · 25,000 Qantas points · spend $4,000 in 90 days
Available
I'd like to use my bonus for:
$125 in Woolworths gift cards (25,950 of 27,000 Qantas points; 1,050 left over) − $295 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms are currently available (site published 11 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
Bonus points are not available to customers who currently hold, or have held, any personal NAB Qantas Rewards Credit Card in the last 36 months. The holding period is 36 months, measured from the last date you held a covered card. An open covered card blocks the bonus.
See exclusion periods for every Australian issuer →What must I spend?
$4,000 within 90 days — about $1,333 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$3,000 minimum credit limit — a lending commitment, not a reward fact.
No minimum income recorded — this does not mean there is none.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn Qantas Points on everyday purchases (1 point per $1.50 on first $3,000, then 1 point per $3 to $6,000 per statement); free Qantas Frequent Flyer membership with joining fee waived (saving $99.50); plus 1 bonus point per $1 on eligible Qantas services
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
More detailsLess details
Earn Qantas Points on everyday purchases (1 point per $1.50 on first $3,000, then 1 point per $3 to $6,000 per statement); free Qantas Frequent Flyer membership with joining fee waived (saving $99.50); plus 1 bonus point per $1 on eligible Qantas services
No source recorded for this benefit.Learn more
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Complimentary purchase protection insurance
Check the cover period, the card-payment condition, claim limits, and excess.
More detailsLess details
Complimentary purchase protection insurance
No source recorded for this benefit. - Extended Warranty Insurance Compare across cards →Complimentary extended warranty insurance
Check how much extra cover it adds, which warranty lengths qualify, limits, and excess.
More detailsLess details
Complimentary extended warranty insurance
No source recorded for this benefit.
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary international and domestic travel insurance underwritten by Allianz; subject to the NAB Card Insurance Policy Information Booklet
Check the cover period, the activation condition, and who counts as an insured person.
More detailsLess details
Complimentary international and domestic travel insurance underwritten by Allianz; subject to the NAB Card Insurance Policy Information Booklet
No source recorded for this benefit. - Rental Vehicle Insurance Compare across cards →Complimentary rental vehicle excess in Australia insurance
Check overseas rental excess separately from Australian cover, plus limits and activation for each.
More detailsLess details
Complimentary rental vehicle excess in Australia insurance
No source recorded for this benefit.
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Shopping Benefits Compare across cards →Visa Premium Access provides deals, discounts and privileges
Check activation and purchase conditions. Amounts here don't add to the bonus calculation.
More detailsLess details
Visa Premium Access provides deals, discounts and privileges
No source recorded for this benefit.Learn more
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →NAB Concierge Service available 24 hours a day, 7 days a week for travel and lifestyle services; call 1300 730 213
More detailsLess details
NAB Concierge Service available 24 hours a day, 7 days a week for travel and lifestyle services; call 1300 730 213
No source recorded for this benefit. - No Additional Cardholder Fee Compare across cards →Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
Check account liability and age or redemption restrictions.
More detailsLess details
Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
No source recorded for this benefit. - Digital Card Issuance Compare across cards →Digital card available for immediate use once approved, before the physical card arrives
More detailsLess details
Digital card available for immediate use once approved, before the physical card arrives
No source recorded for this benefit. - Interest Free Periods Compare across cards →Up to 44 interest-free days on purchases when the account is paid in full by the due date each month
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
More detailsLess details
Up to 44 interest-free days on purchases when the account is paid in full by the due date each month
No source recorded for this benefit. - Balance Transfer Offers Compare across cards →0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
Check the rate, period, revert rate, and fees.
More detailsLess details
0% p.a. on balance transfers for 12 months with a 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
No source recorded for this benefit.
Should I keep it after the first year?
Renewal costs $295 each year ($295 annual fee) — first year was $295.
Second year pays 15,000 Qantas points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.50x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $295/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
Terms and evidence
Full current terms
Offer terms
First Year Points
25,000 points
Qantas
Second Year Points
15,000 points
With $295 annual fee
Minimum Spend
$4,000
within 90 days (about 3 months)
Cash Bonus
Ongoing Earn Rate
0.50x points per $1 spent
Fees
First Year Annual Fee
$295
Ongoing Annual Fee
$295
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history (5 changes)
- Travel InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Concierge ServiceUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 11 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Bonus changed from 70K to 60K, Second Year Bonus from 0 to 10K2 years ago
- Bonus increased from 65k to 70k, first year annual fee reduced from $250 to $1504 years ago
Discussion
About the current terms (published 11 Oct 2026).
Community and personal tools
Track this card, or suggest a correction. Sign-in required.