Overview

  • Earn Velocity Frequent Flyer points on everyday purchases on your Visa card.1
  • Complimentary purchase protection insurance.
  • Up to 44 interest free days on purchases.2
  • Access to our 24/7 NAB Service Centre.
  • Related documents, including terms and conditions.

Benefits of Visa

Rates and fees

Purchases: 19.99% p.a.

Cash advances: 21.74% p.a.

Balance transfers: 0.00% p.a. for 6 months with a 2% fee3 (Read more about balance transfers).

Annual card fee: $95.00

Other fees may apply.

All fees and interest rates are subject to change. Correct as at 12 February 2018. 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

Visa

For $0 - $3,000

0.5 Velocity Points per $1 spent

Points are capped at $3,000 spend per statement.

Insurances

This insurance is complimentary with your NAB Velocity Rewards Card.4

Complimentary purchase protection insurance4

You could be covered if new personal items bought on your NAB Velocity Rewards Card, are lost, stolen or accidentally damaged within 90 days of the date of purchase.

If you're after a rewards card, you might be interested in

NAB Rewards Platinum Card

Make life more rewarding with the freedom of NAB Rewards, and the added benefit of complimentary insurances.

NAB Rewards Signature Card

Earn points on your everyday spend and reward yourself with a range of travel, homewares & more in our NAB Rewards Store.

Check out our credit card range

Whether you're looking for our lowest interest rate, a low fee card or a card that rewards you for everyday spend, we have a credit card to match.

Important information

1 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 $3,000 spend per statement period.

The material on this webpage has been prepared by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686. Velocity Frequent Flyer does not hold an Australian credit licence and is not the licensee in relation to the credit activity being engaged in by National Australia Bank.

2 Interest free days on purchases

If you pay your account in full, or if your statement displays an interest free days payment, that amount in full, by the due date each month.

3 Balance Transfer Standard Rate

After 6 months, any unpaid balance transfers will attract the standard cash advance rate (currently 21.74%p.a. as at 13 November 2017). Interest rates are subject to change and available at www.nab.com.au While you have an outstanding balance transfer, interest free days on purchases only applies if you pay the interest free days payment in full by the due date each month. Minimum monthly repayments must be made by the due date each month. Standard balance transfer rate and term may be varied or withdrawn at any time.

4 Insurances

Included insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a number of insurance group policies to National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian credit licence 230686 (NAB) which allow eligible NAB cardholders to claim under them as third party beneficiaries. 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). Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.

For cardholders of the NAB Premium Card, NAB Velocity Premium Rewards Card, NAB Low Rate Platinum Card, NAB Qantas Plus Card, NAB flybuys Rewards Cards and the NAB Visa Gold Debit Card, , there are seven included insurance covers: overseas travel, interstate flight inconvenience, transport accident, domestic hotel burglary, extended warranty, price protection and purchase protection. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the NAB Card Insurance Policy Information Booklet dated 1 September 2019 (PDF, 439KB) which may be amended from time to time. For insurable events that occurred prior to 1 September 2019, please refer to NAB Card Insurance Policy Information Booklet dated 1 November 2018 (PDF, 477KB). NAB does not guarantee this insurance.

For cardholders of the NAB Rewards Classic Card, NAB Velocity Rewards Card, NAB Qantas Rewards Card and NAB Visa Mini Card, there is one included insurance cover: purchase protection. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the NAB Purchase Protection Insurance Policy Information Booklet (PDF, 279KB) which may be amended from time to time. NAB does not guarantee this insurance.

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