In this article, we present a quasi-infinite horizon nonlinear model predictive control (MPC) scheme for tracking of generic reference trajectories. This scheme is applicable to nonlinear systems, which are locally incrementally stabilizable. For such systems, we provide a reference generic offline procedure to compute an incrementally stabilizing feedback with a continuously parameterized quadratic quasi-infinite horizon terminal cost. As a result, we get a nonlinear reference tracking MPC scheme with a valid terminal cost for general reachable reference trajectories without increasing the online computational complexity. The practicality of this approach is demonstrated with a benchmark example.