1You were selected for the NAB Rewards Classic Card because your credit limit is $500 or higher. If you lower (or have lowered) your credit limit to below $500 before your NAB Rewards Classic Card is issued to you, then you may not be eligible for this new NAB Rewards Classic Card. Please call 13 37 68 to discuss.
Points are earned and redeemed in accordance with the NAB Rewards Terms and Conditions available at nab.com.au/cardinfo. These terms describe the purchases that are not eligible to earn points. You must have an active and open NAB Rewards credit card account to earn points. Everyday purchases exclude any transactions that NAB decides are wholly or partly for gambling purposes. NAB Rewards Bonus Points Special Offers are not available when closing/transferring from another NAB credit card account, or in conjunction with any other NAB credit card offer. Check rewards.nab.com.au for more details.
This is how Points Booster works for your NAB Rewards Classic Card:
- Double points 0.75 NAB Rewards Points + 0.75 additional NAB Rewards Points (bonus point):
On purchases made at major department and hardware stores (in-store and online): Myer, David Jones, Kmart, Target, Big W, Bunnings, Mitre 10, Home Timber and Hardware, Stratco and Total Tools.
- Triple points 0.75 NAB Rewards Points + 1.5 additional NAB Rewards Points (bonus points):
Overseas purchases – purchases (in-store and online) where the merchant, financial institution or entity processing the transaction is located outside Australia. International transaction fees continue to apply.
Webjet – Purchases made online with Webjet via NAB Rewards Store or on webjet.com.au. Webjet Booking Terms and Conditions apply.
Points Booster is subject to the NAB Rewards Terms and Conditions available at nab.com.au/cardinfo. Only eligible transactions under those terms and conditions earn points and bonus points. Points are credited to your points balance after the eligible transaction is credited to your NAB Rewards credit card account: for standard points within 10 business days of processing and for bonus points within three business days of the standard points being processed. Details are correct as at 31 July 2020 and are subject to change by NAB.
4Automatic Velocity Points Transfer Terms and Conditions:
These terms operate and are to be read in conjunction with the NAB Rewards Terms and Conditions.
When Velocity Points are credited to your Velocity account:
- If an automatic transfer applies to your NAB Rewards Card Account and you’re a current member of the Velocity Frequent Flyer program, NAB Rewards Points earned in an automatic transfer statement period will be automatically transferred to Velocity Points and applied to your Velocity account on the third Wednesday of each month, at the applicable conversion rate. You’ll receive a monthly NAB Rewards Automatic Transfer Statement. Note that this timing differs from your current credit card statement. Velocity Points may take up to 10 business days to be credited to your Velocity account.
- The use of Velocity Points is subject to the Velocity Frequent Flyer membership Terms and Conditions, available at velocityfrequentflyer.com.
When Velocity Points are not credited to your Velocity account:
- If you’re no longer a member of the Velocity Frequent Flyer program, your NAB Rewards Points won’t be transferred to Velocity Points.
- NAB Rewards Points will only be transferred to Velocity Points at the specified conversion rate for your NAB Rewards Credit Card. You must have the minimum amount of NAB Rewards Points (currently 2 for 1 as at 31 July 2020) before they will be transferred to Velocity Points.
5Velocity Points bonus:
Available to NAB Rewards customers who have their NAB Rewards Points automatically transferred once a month to their Velocity account. The 15% bonus Velocity Points are calculated on the total number of base Velocity Points automatically transferred to the primary cardholder’s Velocity account for each of the 2nd, 3rd and 4th automatic transfers completed monthly between 1 August 2020 and 30 June 2021. If you choose to opt out of automatic transfers of NAB Rewards Points to be converted to Velocity Points, the bonus Points will be forfeited. If you hold multiple NAB Rewards Cards, the offer is only available once on one card. Bonus Points awarded will be rounded to the nearest whole Point. Standard conversion rate is 1 Velocity Point for every 2 NAB Rewards Points. A minimum of 2 NAB Reward Points is required for an automatic transfer, and then additional multiples of 2 NAB Reward Points. Velocity Points will be available in your Velocity account in accordance with NAB’s standard points transfer timeframes. Points are earned and redeemed in accordance with the NAB Rewards Terms and Conditions, available at nab.com.au/cardinfo. Once NAB Rewards Points have been transferred, they are governed by the Velocity membership Terms and Conditions and cannot be reversed. Velocity membership Terms and Conditions apply, available at velocityfrequentflyer.com.
6Annual card fee and interest rates:
The same purchase interest rate and cash advance interest rate will apply to the NAB Rewards Classic Card as that which applied to your NAB Velocity Rewards Card. Information, including interest rates and annual card fee are subject to change and available at nab.com.au. The annual card fee for the NAB Rewards Classic Card usually costs $95 p.a. Correct as at 31 July 2020.
7Interest free days on purchases:
Interest free days on purchases if you pay the closing balance in full by the due date each month. If you have an outstanding balance transfer, you will be able to receive interest free days on purchases if you pay the ‘interest free days payment’ in full by the due date each month.
8Purchase Protection Insurance:
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 an insurance group policy to National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB) which allows eligible NAB account holders and cardholders to claim under it 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. 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, 280KB) which may be amended from time to time. NAB does not guarantee this insurance.
9NAB Credit Card Cover:
MLC Limited ABN 90 000 000 402, AFSL 230694 is the insurer and issuer of NAB Credit Card Cover which has been branded and distributed by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). MLC Limited may pay benefits to NAB and its related bodies corporate for the distribution of this product. This insurance is not a deposit with, a liability of, or guaranteed by NAB. MLC Limited is part of the Nippon Life Insurance Group and not a part of the NAB Group of Companies. Any financial advice in this notice is general only and has not been prepared having regard to your personal circumstances. You should consider your personal circumstances before acting on any advice in this notice. You should obtain a copy of the NAB Credit Card Cover Product Disclosure Statement & Policy Document (PDF, 470KB) and consider it before making a decision whether to acquire this insurance. The PDS also contains full details of the cover provided by this insurance, including conditions, exclusions and important definitions. You should read it carefully. NAB recommends you obtain financial advice specific to your situation before making any financial investment or insurance decision.
NAB recommends you consider the Internet Banking terms and conditions document before making any decisions regarding this product. This product is issued by National Australia Bank Limited. The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply. Apple, iPhone, iPad, Touch ID, Face ID and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google and the Google Play logo are registered trademarks of Google LLC. Android is a trademark of Google LLC. IOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Selecting our optional Quick Balances feature may disable your SMS account balance notifications if you currently receive these.
11Previously earned Velocity Points:
Any Velocity Points earned before your new card is issued will be transferred to your Velocity account.
Card Terms and Conditions:
Please remember that your new card continues to be governed by the Terms and Conditions of your previous credit card product, these are available at nab.com.au/cardinfo.
Credit cards issued by National Australia Bank Limited.