The annual card fee waiver benefit is available to you if you are;
- an Australian resident shareholder who holds 500 or more ordinary NAB shares; and
- a new or existing NAB credit card account holder of an eligible NAB credit card who has met the applicable purchase threshold.
The purchase threshold is met when in the 12 month period (or less if applicable) prior to the date the annual card fee is debited to your account, the total amount of purchases debited to the account (less any purchase refunds) exceeds;
- For NAB Rewards Classic Card, NAB Low Fee Card, NAB Qantas Rewards Card and NAB Velocity Rewards Card – $4,000.
- For NAB Rewards Platinum Card, NAB Premium Card, NAB Velocity Rewards Premium Card and NAB Qantas Rewards Premium Card – $7,500.
- For NAB flybuys Rewards Card – $0 (there is no purchase threshold).
This benefit is only available for one credit card account per eligible shareholder.