NAB Velocity Rewards Premium Card

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  • NAB

  • 19.99%

  • 4.99% for 6 months

  • $150

  • 44

Rewards scheme

  • Points are automatically credited to the Velocity program.
  • All rewards are redeemed via Velocity.
  • Bonus Points offers from Velocity Partners including airlines, hotels, hire cars and more.

Privileges

  • Travel Accident Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • 17,000 bonus Points when you apply by 30 June 2013 and make a purchase

Value of rewards points

  • Example reward
  • You'd need to spend
  •  
  • Visa
  • Amex
  • Flight: Sydney-London
  • $250,000
  • $125,000
  • $100 gift card
  • $27,000
  • $13,500
  • Flight: Sydney-Melbourne
  • $20,800
  • $10,400
  • Points are capped?
  • at $1,200,000 pa
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1.0 points per dollar on Amex, 0.5 points per dollar on Visa, up to $100,000 per month
  • Flight: Sydney-London 125000 points buys a Velocity partner London flight
  • $100 gift card 13500 points buys a Myer $100 Gift Card
  • Flight: Sydney-Melbourne 10400 points buys a Virgin Australia Syd-Mel flight

(how did we do it? find out...)

Rates

Purchase rate
19.99%
Intro purchase rate
none
Balance transfer rate
4.99% for 6 months
Balance transfer term
6 Months
Balance transfer revert to cash
no
Cash advance rate
21.74%
Interest free days
44

Other financial bits

Minimum repayment amount
$10.00
Minimum repayment percent
2.50%

Fees

Annual card fee
$150.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
$
Late payment fee
$5.00
Overlimit fee
$0.00
Cash advance fee
1.75%, Min $1.75
Foreign exchange margin
2.50%
Duplicate statement fee
$7.00
Transaction verification fee
$5.00
Additional card fee
$0.00
Establishment fee
$

Features

Additional cardholders
1
Other restrictions
none
Other benefits
Price Protection Insurance

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB’s changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

How are NAB credit cards rated by the Mozo community?

Product Type Overall Price Features Service Convenience Trust
NAB credit cards 6.7 Based on 432
NAB credit card reviews 		5.9 5.8 6.8 7.5 7.0

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Velocity Rewards Premium Card

    • Show Rates

      Great service and very trustworthy

        11. Overall customer rating
        12. (Reviewed 28 days ago)

      The convenience and added bonus of getting points for using the card. Wish the bill didn't get so high sometimes, though.       Full review 

      The convenience and added bonus of getting points for using the card. Wish the bill didn't get so high sometimes, though.


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      NAB Velocity Rewards Premium Card credit card review by Raelene from Queensland

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      Yes
    • Show Rates

      Misleading to consumers

        11. Overall customer rating
        12. (Reviewed about 1 month ago)

      Like all credit cards makes promises it doesn't keep.       Full review 

      Like all credit cards makes promises it doesn't keep.


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      NAB Velocity Rewards Premium Card credit card review by Andrija from Australian Capital Territory

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    • Show Rates

      Good customer service

        11. Overall customer rating
        12. (Reviewed 5 months ago)

      I dislike all credit cards & even though we pay on time monthly, the full amount owing the interest rate should be reduced for the clients who continually have to pay huge amounts of interest.       Full review 

      I dislike all credit cards & even though we pay on time monthly, the full amount owing the interest rate should be reduced for the clients who continually have to pay huge amounts of interest.


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      NAB Velocity Gold Card credit card review by Gill from Queensland

      1 person found this review helpful – do you?

      Yes
    • Show Rates

      customer service is faultless, my fees are low.

        11. Overall customer rating
        12. (Reviewed 7 months ago)

      This product is great when you go on holidays. You have to pay for nearly everything by credit card while on holidays. I get charged practically nothing. Nab always keep me informed of new and up coming things. Pleasure to bank with.       Full review 

      This product is great when you go on holidays. You have to pay for nearly everything by credit card while on holidays. I get charged practically nothing. Nab always keep me informed of new and up coming things. Pleasure to bank with.


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      NAB Velocity Gold Card credit card review by Wendy from New South Wales

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    • Show Rates

      Good credit card and very good telephone service.

        11. Overall customer rating
        12. (Reviewed 10 months ago)

      This Credit Card is very good in terms of features and especially good for telephone service enquiries. Accepted in lots of places.       Full review 

      This Credit Card is very good in terms of features and especially good for telephone service enquiries. Accepted in lots of places.


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        11. Features
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      NAB Velocity Gold Card credit card review by Jason from Queensland

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      Yes
    • Show Rates

      Very unfair and uncompromising with payments.

        11. Overall customer rating
        12. (Reviewed about 1 year ago)

      If I make a payment in full and on time I get no reward. Yet if I make a payment one day late I am hit with high fees and interest. They are not lenient in anyway. The card is linked to my flybuys rewards which is probably the only reason I stay.       Full review 

      If I make a payment in full and on time I get no reward. Yet if I make a payment one day late I am hit with high fees and interest. They are not lenient in anyway. The card is linked to my flybuys rewards which is probably the only reason I stay.


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      NAB Velocity Gold Card credit card review by Jackie from New South Wales

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    • Show Rates

      good rates and customer service as above

        11. Overall customer rating
        12. (Reviewed about 1 year ago)

      I like the product as I attain flyer points and we pay it out each month so no interest for us is charged. I can access and aTM for NAB anywhere and they are partners in Rediteller so it is really convenient and I am never stuck for money. The b...       Full review 

      I like the product as I attain flyer points and we pay it out each month so no interest for us is charged. I can access and aTM for NAB anywhere and they are partners in Rediteller so it is really convenient and I am never stuck for money. The bank employees are always willing to help nothing is an issue. We used it overseas without a hitch and were able to withdraw cash.


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      NAB Velocity Gold Card credit card review by Trina from New South Wales

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      Yes
    • Show Rates

      Rude & Demanding Collections Staff

        11. Overall customer rating
        12. (Reviewed about 1 year ago)

      BEWARE >>>>>> If you fail to make ONE minimum payment then they will hound you with phone calls demanding payment. Collections are rude, demanding and will happily exceed the banking code of conduct. I received 11 calls in 5 days and they would n...       Full review 

      BEWARE >>>>>> If you fail to make ONE minimum payment then they will hound you with phone calls demanding payment. Collections are rude, demanding and will happily exceed the banking code of conduct. I received 11 calls in 5 days and they would not accept my explanation nor the 80% of my monthly minimum payment. I have complained to the F.O.S.


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      NAB Velocity Gold Card credit card review by Wes from Victoria

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      Yes

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