NAB Velocity Rewards Premium Card

Your product at a glance

Take off sooner with our fastest way to earn Velocity Frequent Flyer Points, with all the added benefits of complimentary insurances and Personal Concierge.

SPECIAL OFFER! On a new NAB Velocity Rewards Premium Card

0 %

on purchases FOR 15 MONTHS*


0 %

on balance transfers
with a one off 3% BT fee FOR 15 MONTHS*


25 ,000 Bonus Velocity Points
when you make an everyday purchase within 90 days#

BT reverts to cash advance rate after promotional period.

Apply by 22 January 2017.
Minimum monthly repayments required.

Standard Rates and Fees

purchase rate
19.99 % p.a.
Standard Balance
Transfer Rate^
4.99 % p.a.
for 6 months
Not available in conjunction with the Balance transfer Special offer.
Cash advance rate
21.74 % p.a.
Annual card fee $150
Minimum credit limit $6000
Interest-free days on purchases2 up
44 You won’t receive interest free days while you have a balance transfer.

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 cost6.

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

See how much you could save
Transfer your credit card balance


Please enter valid interest rate between 0.00 and 100.00


Please enter valid amount higher than 200

Why do a balance transfer?

Balance transfers are one way to consolidate your debt and give yourself some breathing space. By transferring a balance to NAB, you'll benefit from a transfer rate where you'll pay less interest.

Over 12 months you could save


Special offer! On a new NAB Velocity Rewards Premium card

0 %
on purchases For 15 MONTHS#


0 %
on balance transfers with a one off 2% balance transfer fee For 15 MONTHS#

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


The Balance Transfer Calculator estimates the amount you may be able to save by transferring to a NAB product. We’ll leave you to put in the amount you’re thinking of transferring and your current product’s purchase rate.

Of course, any request by you to transfer this amount will be subject to our assessment of your credit application. So keep in mind, you may not be eligible for a balance transfer for the full amount on your existing cards.

Calculator Assumptions

Interest rate

The interest rate displayed is our current balance transfer promotional interest rate.

We’ve also displayed our current promotional purchase interest rate.

All rates displayed are per annum.


This calculator only takes into account your current product’s purchase interest rate. You’ll also need to consider what other fees and charges apply to your current card and any discounts, or promotional offers, to assess any savings.

The estimated savings also do not take into account any fees applicable to your new NAB product, including any balance transfer fee that may apply. So to more accurately assess any savings you’ll need to read the product webpages on this site and understand what fees and charges will apply.

Monthly repayments

The estimated savings assumes that during the promotional period you make no cash advances and make the minimum monthly repayments each month required under the terms and conditions.

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.

Find out more

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

Find out more

Important information

* Special offer

Offer commences 3 October 2016. For approved applicants who apply for a new NAB Personal Credit Card by 22 January 2017. The special purchase and balance transfer interest rate will apply for a 15 month statement period from account opening. After the promotional period, any unpaid purchases will then attract your card’s standard purchase rate and any unpaid balance transfers will attract the standard cash advance rate. Interest rates are subject to change and available at Special promotion balance transfer must be applied for at the point of full card application. The one off balance transfer fee of 3% is calculated on the amount transferred and is charged to your NAB credit card account when your balance transfer is processed. Interest free days do not apply while you have a balance transfer. Minimum monthly repayments must be made by the due date each month. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB credit card offer. The NAB Velocity Rewards Card Frequent Flyer bonus points, is not available with the NAB Home Loan 250,000 Velocity Frequent Flyer offer.

^ Balance transfer standard rate

At the end of this period, any unpaid balances will then attract the standard cash advance rate (subject to change), see Interest free days do not apply while you have a balance transfer. Minimum monthly repayments must be made by the due date each month.

# Bonus Points

To be eligible for the Bonus points offer, you must apply for a new NAB Velocity Rewards Card and a NAB Velocity Premium Rewards Card by 22 January 2017, be approved, and make an everyday purchase 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.

Important information if you apply for a NAB Home Loan between 31 July and 31 December 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 Card, your 25,000 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 31 July and 31 December 2016 and meet the eligibility criteria for the NAB 250,000 Velocity Frequent Flyer Points offer, you will only receive 225,000 bonus Velocity Points (meaning that in total you will receive 250,000 bonus Velocity Frequent Flyer Points). If you apply for a NAB Home Loan and are awarded the 250,000 Velocity Points, you will not receive the 25,000 bonus Velocity Points as part of the cards offer.

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 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 Visa Worldwide Pte Ltd or International SOS (Australasia) Pty Ltd. Your concierge is available on 1300 730 213, 24 hours a day, 7 days a week. See the NAB Platinum Concierge Service terms and conditions (PDF, 234KB) for full details.

5 Insurances

A qualifying purchase is required to get the benefits of the complimentary insurance. See 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. The complimentary insurances is 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).

6 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 3 October 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)

Indicator rates for other personal lending