NAB Velocity Rewards Card

  • NAB
  • 19.99%

  • 4.99% for 6 months

  • $65

  • 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

  • Purchase Protection

Special offers

  • Apply by 31 July 2014 and make a purchase to receive 20,000 bonus Velocity Points.

Value of rewards points

  • Example reward
  • You'd need to spend
  •  
  • Visa
  • Amex
  • $100 gift card
  • $36,000
  • $18,000
  • Flight: Sydney-Melbourne
  • $13,800
  • $6,900
  • Flight: Sydney-London
  • $250,000
  • $125,000
  • Points are capped?
  • at $100,000 monthly
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1 points per dollar on Amex, 0.5 points per dollar on Visa, up to $100,000 per month
  • $100 gift card 18000 points buys a Myer $100 Gift Card
  • Flight: Sydney-Melbourne 6900 points buys a Virgin Australia Syd-Mel flight
  • Flight: Sydney-London 125000 points buys a Velocity partner London 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 revert to cash
no
Cash advance rate
21.74%
Interest free days
44

Fees

Annual card fee
$65.00
Introductory fee
none
Annual fee spend threshold
none
Reward program fee
none
Late payment fee
$5.00
Cash advance fee
1.75%, Min $1.75
Foreign exchange margin
3.00%
Duplicate statement fee
$7.00
Transaction verification fee
$5.00
Additional card fee
$0.00

Other financial bits

Minimum repayment amount
$25.00
Minimum repayment percent
2.5

Features

Additional cardholders
1
Other restrictions
none
Other benefits
none

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 Rating Price Features Service Convenience Trust
NAB credit card 7.1 Based on 727
NAB credit card reviews
6.1 6.2 7.2 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Velocity Rewards Card

  • Lousy customer service

    1. Overall customer rating
    2. (Reviewed 3 months ago)

    Always waiting in line - up to 15 mins!  Full review 

    Always waiting in line - up to 15 mins!


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Allan from Queensland

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  • Quality rewards program

    1. Overall customer rating
    2. (Reviewed 3 months ago)

    Hassle free and a good rewards program. The downside is the interest rate is hideous.  Full review 

    Hassle free and a good rewards program. The downside is the interest rate is hideous.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
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    Less
    NAB credit card review by Temil from Western Australia

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  • Great Rewards

    1. Overall customer rating
    2. (Reviewed 3 months ago)

    The Velocity Rewards card really does offer rewards! The rewards points accumulate for years without the points expiring. The rewards points can be used for travel, accommodation and much more. This card offers 44 days interest free which is ideal.  Full review 

    The Velocity Rewards card really does offer rewards! The rewards points accumulate for years without the points expiring. The rewards points can be used for travel, accommodation and much more. This card offers 44 days interest free which is ideal.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Jacqui from Queensland

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  • Excellent customer service

    1. Overall customer rating
    2. (Reviewed 4 months ago)

    I don't care about the interest rates - I pay my balance off every month. NAB customer service in bank, on-line and on phone is excellent.  Full review 

    I don't care about the interest rates - I pay my balance off every month. NAB customer service in bank, on-line and on phone is excellent.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Marie from Tasmania

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  • Good service, no incentives offered to stay.

    1. Overall customer rating
    2. (Reviewed 8 months ago)

    While customer service is good, there are no incentives or discounted rates offered to existing customers so I found myself better of looking to switch banks for a discounted rate.  Full review 

    While customer service is good, there are no incentives or discounted rates offered to existing customers so I found myself better of looking to switch banks for a discounted rate.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    NAB credit card review by Che from New South Wales

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