Earn Velocity Points

Enjoy more opportunities to earn Velocity Points (from NAB Rewards Points) when you apply for a new NAB Rewards credit card.

  • Convert 2 NAB Rewards Points into 1 Velocity Point. 

  • Enjoy hassle-free automatic redemption, which transfers your NAB Rewards Points direct into your Velocity account each week.

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.


  • 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

Rates and fees

Variable purchase rate

19.99% p.a.

Variable cash advance rate

21.74% p.a.

Standard balance transfer rate

0% p.a. for 12 months
Balance transfers

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.


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.


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, 604KB), opens in new window for full details, including exclusions.

International Travel Insurance

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.

Interstate Flight Inconvenience Insurance

Pay for your return interstate 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 an interstate flight due to serious illness, injury or death. You also may be covered for the rental vehicle insurance excess if you rent a car.

Transit Accident Insurance

Pay for your conveyance costs in full on your NAB Velocity Rewards Premium Card and you could have cover if you, your accompanying spouse or dependent children die or are seriously injured in an accident while travelling as a passenger.

Rental vehicle excess in Australia insurance

Pay for or secure 100% of your hotel accommodation costs on your NAB Velocity Rewards Premium Card and you could be reimbursed up to $2,500 for loss of, or damage to, personal items due to burglary of your hotel/motel in Australia during a trip.

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 the date of purchase.

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.

Terms and Conditions