NAB Velocity Rewards Card

  • NAB
  • 0% for 12 months then 19.99%

  • 0% for 12 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 19 April 2015 and make a purchase to receive 10,000 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 point 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
0% for 12 months
Balance transfer rate
0% for 12 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
2.0

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 7.2 Based on 617
NAB credit card reviews
6.3 6.3 7.2 7.6 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Velocity Rewards Card

  • The best spend and earn credit card!

    1. Overall customer rating
    2. (Reviewed 13 days ago)

    A great low-rate card + earning Velocity Points = a very happy shopper and world traveller! My husband and I have switched to NAB Velocity credit cards, and without changing our spending habits we have accumulated enough points to take a second ho...  Full review 

    A great low-rate card + earning Velocity Points = a very happy shopper and world traveller! My husband and I have switched to NAB Velocity credit cards, and without changing our spending habits we have accumulated enough points to take a second honeymoon!


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    NAB credit card review by Cendall from South Australia

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  • Convenient, reliable

    1. Overall customer rating
    2. (Reviewed 18 days ago)

    Treated as a number even though a business banker has been allocated. It appears from my experience, that this bank prefers to deal with businesses and high income earners however has yet to succeed in simplifying products and services within the...  Full review 

    Treated as a number even though a business banker has been allocated. It appears from my experience, that this bank prefers to deal with businesses and high income earners however has yet to succeed in simplifying products and services within the bank.


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    NAB credit card review by Chris from Victoria

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  • Competitive

    1. Overall customer rating
    2. (Reviewed 29 days ago)

    I do have to pay an annual fee for my card but that is the price you pay with every organisation to be on a rewards scheme (frequent flyer points etc). NAB is the cheapest annual fee and their points system is fantastic. The interest rate is more ...  Full review 

    I do have to pay an annual fee for my card but that is the price you pay with every organisation to be on a rewards scheme (frequent flyer points etc). NAB is the cheapest annual fee and their points system is fantastic. The interest rate is more than reasonable and and the American Express feature that comes with the account is excellent.


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    NAB credit card review by Kristian from New South Wales

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  • Handy Options

    1. Overall customer rating
    2. (Reviewed 6 months ago)

    I really like the NAB Velocity Platinum Card. I love how I can use the Visa or American Express card from the same account. A lot of businesses don't accept American Express, but I use it when I can as it attracts extra points.  Full review 

    I really like the NAB Velocity Platinum Card. I love how I can use the Visa or American Express card from the same account. A lot of businesses don't accept American Express, but I use it when I can as it attracts extra points.


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    NAB credit card review by Katrina from Victoria

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  • Get to your destination with more velocity

    1. Overall customer rating
    2. (Reviewed 6 months ago)

    More velocity when earning points.  Full review 

    More velocity when earning points.


      1. Price
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    NAB credit card review by Ebony from Victoria

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