NAB Velocity Rewards Premium Card

  • 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

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection

Special offers

  • Apply by 31 July 2014 and make a purchase to receive 40,000 bonus Velocity Points.

Value of rewards points

  • Example reward
  • You'd need to spend
  •  
  • Visa
  • Amex
  • $100 gift card
  • $36,000
  • $12,000
  • Flight: Sydney-Melbourne
  • $13,800
  • $4,600
  • Flight: Sydney-London
  • $250,000
  • $83,333
  • Points are capped?
  • at $100,000 monthly
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1.5 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
$150.00
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
$10.00
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 762
NAB credit card reviews
6.1 6.3 7.2 7.8 7.3

Read NAB credit card reviews by the Mozo community

Latest reviews of NAB Velocity Rewards Premium Card

    • NAB

      Great rewards, friendly and professional staff

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

      I get to earn frequent flyer points on every purchase that I make, even when I am shopping on an interstate or overseas holiday! I have had a couple of issues that have been sorted out immediately, with professionalism and friendly staff.  Full review 

      I get to earn frequent flyer points on every purchase that I make, even when I am shopping on an interstate or overseas holiday! I have had a couple of issues that have been sorted out immediately, with professionalism and friendly staff.


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      NAB credit card review by Tambrae from South Australia

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    • NAB

      Excellent customer service, quality products

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

      After having a terrible experience with my previous bank, the staff at my local NAB branch were willing to stay back late on a friday afternoon to sign my wife and I up to move our accounts to the NAB. Since that day, there have been very few i...  Full review 

      After having a terrible experience with my previous bank, the staff at my local NAB branch were willing to stay back late on a friday afternoon to sign my wife and I up to move our accounts to the NAB. Since that day, there have been very few issues and any issue that is encountered is solved professionally and quickly in branch. The staff at the local branch are always friendly and are a stark contrast to our former bank.


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      NAB credit card review by Matt from South Australia

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    • NAB

      Great sustomer services, easiest online banking

      1. Overall customer rating
      2. (Reviewed 9 months ago)

      I love how easy the internet banking facility and pages are. I love the rewards.  Full review 

      I love how easy the internet banking facility and pages are. I love the rewards.


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      NAB credit card review by Idalina from Western Australia

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    • NAB

      Fee free and great personal service

      1. Overall customer rating
      2. (Reviewed 9 months ago)

      We are very pleased with the product which is part of a choice package and fee free. We endeavour to pay the whole balance each month by the due date, but on the odd occasion when this has been missed by a day or two, NAB have generally been under...  Full review 

      We are very pleased with the product which is part of a choice package and fee free. We endeavour to pay the whole balance each month by the due date, but on the odd occasion when this has been missed by a day or two, NAB have generally been understanding and waived the interest.


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      NAB credit card review by Peter from South Australia

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    • NAB

      Great service

      1. Overall customer rating
      2. (Reviewed 9 months ago)

      Don't have to wait long on the phone and they always fix what I ring them for.  Full review 

      Don't have to wait long on the phone and they always fix what I ring them for.


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      NAB credit card review by a Mozo reviewer from New South Wales

      1 person found this review helpful – do you? Yes flag

    • NAB

      Great pleasure to deal with

      1. Overall customer rating
      2. (Reviewed 11 months ago)

      I love the security for internet and telephone banking. The first bank I have been with since arriving in Australia. It has been 14 years and they are great.  Full review 

      I love the security for internet and telephone banking. The first bank I have been with since arriving in Australia. It has been 14 years and they are great.


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      NAB credit card review by a Mozo reviewer from Queensland

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    • NAB

      It's a good all round package

      1. Overall customer rating
      2. (Reviewed about 1 year ago)

      Willing too help when I need it and provide the best all round package.  Full review 

      Willing too help when I need it and provide the best all round package.


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      NAB credit card review by a Mozo reviewer from Queensland

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    • NAB

      Great rewards

      1. Overall customer rating
      2. (Reviewed about 1 year ago)

      Great rewards program.  Full review 

      Great rewards program.


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      NAB Velocity Rewards Premium Card credit card review by Tania from Victoria

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    • NAB

      Good customer service when I have called

      1. Overall customer rating
      2. (Reviewed about 1 year ago)

      Interest rates and ongoing fees are too high. More interest free/low interest offers more welcome.  Full review 

      Interest rates and ongoing fees are too high. More interest free/low interest offers more welcome.


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      NAB Velocity Rewards Premium Card credit card review by Tom from Victoria

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    • NAB

      Great service and very trustworthy

      1. Overall customer rating
      2. (Reviewed over 1 year 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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    • NAB

      Misleading to consumers

      1. Overall customer rating
      2. (Reviewed over 1 year 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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    • NAB

      Good customer service

      1. Overall customer rating
      2. (Reviewed over 1 year 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 flag

    • NAB

      customer service is faultless, my fees are low.

      1. Overall customer rating
      2. (Reviewed almost 2 years 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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    • NAB

      Good credit card and very good telephone service.

      1. Overall customer rating
      2. (Reviewed almost 2 years 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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      NAB Velocity Gold Card credit card review by Jason from Queensland

      1 person found this review helpful – do you? Yes flag

    • NAB

      good rates and customer service as above

      1. Overall customer rating
      2. (Reviewed over 2 years 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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    • NAB

      Very unfair and uncompromising with payments.

      1. Overall customer rating
      2. (Reviewed over 2 years 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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    • NAB

      Rude & Demanding Collections Staff

      1. Overall customer rating
      2. (Reviewed over 2 years 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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