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
$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 Premium Card

  • 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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  • 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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  • 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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  • 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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  • Great service

    1. Overall customer rating
    2. (Reviewed 10 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

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