Changes to NAB Rewards Signature card: No forex fees + earn rate changes

[RooFlyer]

No bank does exchange rate conversion on credit cards. VISA and MC do the conversions

Yeah, sorry, bad wording on my part originally. All good.

 

[twiningb]

I am looking at this as a replacement for the Coles Rewards MasterCard, being something with a decent miles conversion rate, and 0% FX. I have a NAB transaction account which was ported across from the Citi Plus, and as an existing customer I have a welcome offer slightly better than the public one:

130k on initial spend
50k on first anniversary
$195/yr for life ($16/mo under new structure)

vs

120k on initial spend
40k on first anniversary
$145 for first year reverting to $295/yr ($24/mo under new structure)

So: Does anyone have a sense as to whether there's likely to be a better welcome offer after the cutover on 12 June? Or am I better off locking it in now?

 

[Jacques Vert]

So: Does anyone have a sense as to whether there's likely to be a better welcome offer after the cutover on 12 June? Or am I better off locking it in now?

Who knows? I decided to take the offer that's on the table as I'm heading overseas in about 5 weeks.

 

[twiningb]

I think I will likely do the same. I have about eight weeks but the current offer is pretty good.

 

[Happy Dude]

I am looking at this as a replacement for the Coles Rewards MasterCard, being something with a decent miles conversion rate, and 0% FX. I have a NAB transaction account which was ported across from the Citi Plus, and as an existing customer I have a welcome offer slightly better than the public one:

130k on initial spend
50k on first anniversary
$195/yr for life ($16/mo under new structure)

vs

120k on initial spend
40k on first anniversary
$145 for first year reverting to $295/yr ($24/mo under new structure)

So: Does anyone have a sense as to whether there's likely to be a better welcome offer after the cutover on 12 June? Or am I better off locking it in now?

I'm in the same boat but not sure where is this offer. Is it in the NAB app or email or somewhere else please?

 

[twiningb]

I'm in the same boat but not sure where is this offer. Is it in the NAB app or email or somewhere else please?

For me, both: Once logged-in, navigate Products > Credit cards > NAB Rewards > NAB Rewards Signature, and the offer terms are shown there.

 

[twiningb]

*Sorry, I meant both app and online banking.

 

[Jacques Vert]

I'm in the same boat but not sure where is this offer. Is it in the NAB app or email or somewhere else please?

For me, both: Once logged-in, navigate Products > Credit cards > NAB Rewards > NAB Rewards Signature, and the offer terms are shown there.

Yes; you need to be logged in to see the offer for existing customers.