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 18 January 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
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
2.0

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 585
NAB credit card reviews
6.2 6.2 7.3 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Velocity Rewards Card

  • Handy Options

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

    More velocity when earning points.  Full review 

    More velocity when earning points.


      1. Price
      1. Features
      1. Customer service
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    NAB credit card review by Ebony from Victoria

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  • Professional customer service

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

    Solid, trustworthy and I don't hear of any other NAB customers with issues. The latest change from signing to pin access for credit cards was executed with great customer service and top level communication (web, txt and mail), resulting in seamle...  Full review 

    Solid, trustworthy and I don't hear of any other NAB customers with issues. The latest change from signing to pin access for credit cards was executed with great customer service and top level communication (web, txt and mail), resulting in seamless change. If only others could learn from this proactive approach, but that is why I stay with NAB.


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    NAB credit card review by Damien from Queensland

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  • Lousy customer service

    1. Overall customer rating
    2. (Reviewed 7 months ago)

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

    Always waiting in line - up to 15 mins!


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    NAB credit card review by Allan from Queensland

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  • Quality rewards program

    1. Overall customer rating
    2. (Reviewed 7 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.


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    NAB credit card review by Temil from Western Australia

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