Important Upcoming personal card changes
From 23 June 2025, we’re increasing fees on our NAB Personal credit cards (excluding NAB StraightUp Card). The late payment fee will increase from $15 to $20. The cash advance fee will increase from 3% or $3 (whichever is greater) to 3.5% or $3.50 (whichever is greater).
Learn more about how to avoid these fees.
Upcoming Complimentary Insurance changes
Effective 1 July 2025 – For some NAB cards, excesses for certain covers will increase, and benefit limits will reduce under International Travel Insurance.
Effective 15 May 2026 – For some NAB cards, International Travel, Domestic Travel and Rental Vehicle Excess Insurances will be removed. For some other NAB cards, the cover period for International Travel Insurance will be reduced.
Please read the summary of changes for further details and how they will affect your insurance cover.
New
Earn Velocity Points
Enjoy more opportunities to earn Velocity Points (from NAB Rewards Points) when you apply for a new NAB Rewards credit card.
To ensure you are set up for the auto redemption feature, please make sure to begin your application through our dedicated Velocity page.
To earn Velocity Points you must be a Velocity Frequent Flyer member and have provided your Velocity Frequent Membership number to NAB.
Eligibility criteria and terms and conditions apply. Minimum monthly repayments required. NAB may vary or end this offer at any time.
Overview
- Earn Velocity Frequent Flyer points on everyday purchases on your Visa card.
- Complimentary purchase protection insurance.
- Up to 44 Interest free days on purchases.
- Access to our NAB Service Centre 24 hours, 7 days a week.
Benefits of Visa
- Special offers on shows, events, experiences and movies from Visa Entertainment, opens in new window.
- Make contactless purchases, opens in new window under $100.
- Shop with confidence online with Visa Secure.
- Emergency travel assistance from Visa Global Customer Assistance Services, opens in new window, 24 hours, 7 days a week.
Rates and fees
Variable purchase rate
20.99% p.a.
Variable cash advance rate
21.74% p.a.
Standard balance transfer rate
0% p.a. for 12 months
Balance transfers
We can’t process balance transfers from certain issuers – see our indicative list.
Balance transfer fee
3% balance transfer fee applies.
Annual card free
$150 p.a.
Other fees may apply.
Annual card fee and interest rates are subject to change. Correct as at 5 February 2022. View full details of fees and charges.
Rewards
Earn Velocity Points on everyday purchases and redeem them for rewards in the Velocity Frequent Flyer Program, including reward flights or a variety of products and vouchers from the Velocity Store.
| Net purchases per statement period | Velocity Point earn rate |
|---|---|
| For the first $3,000 ($0 - $3,000) | 1 Velocity Point per $1.50 spent |
| For the next $3,000 ($3,001 -$6,000) | 1 Velocity Point per $3 spent |
Points are capped at $6,000 spend per statement.
Insurance
These insurances are complimentary with your NAB Velocity Rewards Premium Card. These are just brief summaries, and you should read the NAB Card Insurance Policy Information Booklet (PDF, 489KB), opens in new window for full details, including exclusions.
International travel insurance
Cover for travel cancellation, overseas medical expenses, travel delay, lost luggage or travel documents, rental vehicle excess, accidental death, permanent disability and personal liability.
Spend at least $500 of your prepaid transportation, accommodation, and/or land tour costs on your NAB Velocity Rewards Premium Card prior to commencing your trip and you could be covered for travel cancellation, overseas medical expenses, lost luggage or travel documents.
Domestic travel insurance
Pay for your return domestic airfares in full on your NAB Velocity Rewards Premium Card prior to departure and you could be covered if your luggage is lost or delayed, or if you have to cancel or change a domestic flight due to serious illness, injury or death. You also may be covered for the rental vehicle insurance excess if you rent a car.
Rental vehicle excess insurance in Australia
Designed to cover you where your rental vehicle was rented in Australia and is involved in an accident while you are driving it or is damaged or stolen.
Purchase protection insurance
You could be covered if new items you bought on your NAB Velocity Rewards Premium Card are lost, stolen or accidentally damaged within 90 days of receiving the covered item.
Extended warranty insurance
Buy a new domestic appliance in Australia on your NAB Velocity Rewards Premium Card and you could receive an extension of its original Australian manufacturer's warranty for up to 12 months.
Other NAB credit cards
NAB Rewards Platinum Credit Card
Redeem NAB Rewards Points for a wide range in our NAB Rewards Store. Plus, enjoy complimentary insurances and Personal Concierge.
NAB Rewards Signature Credit Card
Apply today to take advantage of earning bonus points and enjoying other great rewards.
Credit cards
Compare between our credit cards to find the right one for you.
Get in touch
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Terms and Conditions
Apologies but the Important Information section you are trying to view is not displaying properly at the moment. Please refresh the page or try again later.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.