NAB Velocity Rewards Premium Card

Your product at a glance

Accelerate your Velocity Points and enjoy the extra benefits of platinum.

SPECIAL OFFER! On a new NAB Velocity Rewards Premium Card for 15 months#

0 %
p.a.

on purchases

+

0 %
p.a.

on balance transfers
with a one off 2% BT fee

20 ,000 Bonus Velocity Points
when you make an everyday purchase within 90 days##

Rates and fees

Standard
purchase rate
19.99 % p.a.
Balance transfer1 0 % p.a.
for 15 months*
Cash advance rate
21.74 % p.a.
Annual card fee $150
Minimum credit limit $6000
Interest-free days2 up
to
44

SPECIAL OFFER! On a new NAB Velocity Rewards Premium Card for 15 months#

0 %
p.a.

on purchases

+

0 %
p.a.

on balance transfers
with a one off 2% BT fee

+

20 ,000 Bonus Velocity Points
when you make an everyday purchase within 90 days##

Rates and fees

Standard
purchase rate
19.99 % p.a.
Balance transfer1 0 % p.a.
for 15 months*
Cash advance rate
21.74 % p.a.
Annual card fee $150
Minimum credit limit $6000
Interest-free days2 up
to
44

Card features

Two cards linked to one account gives you the benefits of both Visa and American Express. Unlock offers and experiences at Amex Connect.

Reserve tickets to some of the biggest events before they go on sale to the general public.

Your own 24 hour, 7 day personal assistant for travel and lifestyle services with NAB Platinum Concierge Service4.

All NAB credit cards come with these great benefits

Fraud protection

NAB Defence detects fraudulent transactions. If fraud occurs, we’ll give back all your money.

Online security

Verified by Visa and American Express SafeKey® reduce online fraud by confirming your identity with a password.

Another card?

Add an additional cardholder at no extra cost7.

Emergency assistance

We’re here for you 24/7 if your credit card is lost or stolen.

Contactless Payments

Make payments under $100 by tapping your credit card.

Tools and calculators

Purchase Protection Insurance

Use your card to pay for a new personal retail item in full and if it's lost, stolen or accidentally damaged any time in the next 90 days you're covered for the cost of repairing or replacing it.

There are some limits and exclusions – see the Purchase Protection Insurance Policy Document (PDF 168kb). This insurance is supplied by Chubb Insurance Company of Australia.

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Not the right card for you?

Make the most of our low annual card fee and also earn Velocity Points on everyday purchases.

Find out more

Our fastest way to earn Qantas Points on everyday purchases while enjoying platinum benefits.

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Get everything you’d expect from an everyday credit card, plus the benefits of platinum.

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Important information

#Special offer

Offer commences 2 May 2016. Offer only available to new approved NAB credit card customers. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB card offer, including the NAB Home Loan 250,000 Velocity Frequent Flyer offer. Terms, conditions, fees, charges and lending criteria apply. The NAB Velocity Rewards Card Frequent Flyer bonus points is not available with the NAB Home Loan 250,000 Velocity Frequent Flyer offer. The special promotion must be applied for at the point of full card application. The one off balance transfer fee of 2% is calculated on the amount transferred and is charged to your NAB credit card account when your balance transfer is processed. Minimum monthly repayments must be made by the due date each month. The special purchase rate and balance transfer rate will apply for a 15 month statement period from account opening. After the promotional period, your card’s standard purchase rate applies (subject to change) see www.nab.com.au.

##Bonus Points

To be eligible for the Bonus points offer, you must apply for a new NAB Velocity Rewards Premium Card by 2 October 2016, be approved, and make an everyday purchases within 90 days of opening your account. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purchases. NAB may vary or end this offer. Points will be credited to the qualifying members account within 3 months of meeting the spend criteria. Offer is not available in conjunction with the NAB Home Loans Velocity 250,000 Velocity Frequent Flyer offer.

Important information if you apply for a NAB Home Loan between 2 May and 31 July 2016.

This offer is not available in conjunction with any other offer, including the NAB 250,000 Velocity Frequent Flyer Points offer. If you apply for a new NAB Velocity Rewards Premium Card, your 20,000 NAB Velocity Rewards Premium Card bonus points will be awarded within 3 months of meeting the eligibility criteria. If you also apply for a NAB Home Loan between 11 April and 31 July 2016 and meet the eligibility criteria for the NAB 250,000 Velocity Frequent Flyer Points offer, you will only receive 230,000 bonus Velocity Points (meaning that in total you will receive 250,000 bonus Velocity Frequent Flyer Points).

1 Balance transfer

The balance transfer rate will apply for a 15 month statement period from account opening. Any unpaid purchases and balance transfer will then attract your card’s standard interest rate for purchases. Minimum monthly repayments must be made by the due date each month.

2 Interest free days

If you pay your account in full by the due date each month. You won’t receive interest free days while you have a balance transfer.

3 Velocity Points

To earn Points, you must be a member of the Velocity Frequent Flyer program and have provided your valid Velocity Membership Number to NAB. Velocity Membership and Points earn and redemption are subject to Velocity Terms and Conditions as amended from time to time, and available at velocityfrequentflyer.com. The Velocity Frequent Flyer program is operated by Velocity Frequent Flyer Pty Ltd ACN 601 408 824. Points are capped at $20,000 spend per statement period.

4 Concierge service

This service is provided by International SOS (Australasia) Pty Ltd. Your concierge is available on 1300 730 213, 24 hours a day, 7 days a week. This is a brief overview of what your concierge offers—see the NAB Platinum Concierge Service terms and conditions (PDF, 234KB) for full details.

5Overseas travel insurance

To qualify, use your NAB Velocity Rewards Premium Card to purchase a minimum of $500 of your prepaid transportation, accommodation, and/or land tour costs and receive complimentary Overseas Travel Insurance cover for overseas trips up to six months.

6Insurance

The NAB card insurances is a group policy issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFSL 239545 to NAB. Access to the benefit of cover under the NAB card insurances is provided to eligible NAB cardholders by operation of s48 of the Insurance Contracts Act 1984 (Cth). The terms, conditions and exclusions of the complimentary insurances are specified in the NAB Card Insurance Policy Information booklet (PDF, 391KB) and in the NAB Purchase Protection Insurance Policy Information Booklet (PDF, 924KB) and may be amended from time to time. A qualifying purchase is required to get the benefits of the complimentary insurances.

7 Additional cardholder

Additional cardholder must be 16 years of age or older. All transactions using the additional card will be the responsibility of the primary cardholder.

American Express

American Express and American Express Safekey are registered trademarks of American Express. The NAB Velocity Rewards Premium American Express Card is issued by National Australia Bank pursuant to a licence from American Express.

Fees and charges

Terms and conditions available here. Fees and charges are payable. Approval and credit limit is subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at 2 May 2016.

Credit cards issued by National Australia Bank Limited. ©2016 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.

Forms and links

NAB Credit Card Terms and Conditions (PDF, 455KB)

Velocity NAB Credit Card account – Velocity Points Terms and Conditions (PDF, 255KB)

NAB electronic banking (card based) Product disclosure statement (PDF, 324KB)

NAB Credit Card Cover Product disclosure statement and policy document (PDF, 130KB)

Personal banking fees – A guide to fees and charges (PDF, 318KB)

Addendum – Personal banking fees – Amendment to A guide to fees and charges (PDF, 219KB)

Indicator rates for other personal lending