Earn Velocity Points with our NAB Rewards credit cards

Get ready to extend your Velocity Points earnings with our NAB Rewards credit cards. Enjoy the benefits of hassle-free points accumulation with our automatic redemption feature, which transfers your NAB Rewards Points directly to your Velocity account each week.

Compare our Velocity Points earning NAB Rewards credit cards

Both cards offer the chance to earn Velocity Points which are automatically transferred weekly into your Velocity account. Compare the different Velocity rewards, minimum credit limits and fees to find a card that suits you.

NAB Rewards Platinum Card with Velocity

Experience uncapped rewards points, transferred weekly to your Velocity account to redeem on flights or the Velocity Rewards Store.

Minimum credit limit

$6,000

Annual card fee

$ 195 p.a.

Variable purchase rate

19.99 % p.a.

Benefits

  • Uncapped points earn

  • Earn up to 3 NAB Rewards Points per $1

  • Complimentary insurances, including international travel insurance

  • Up to 44 interest free days on purchases

  • 0% p.a. for 12 months standard balance transfer (BT) rate. 3% BT fee applies. Unpaid BT reverts to variable cash advance rate.

  • Add an additional cardholder at no extra cost 

  • NAB Concierge Service

  • Global assistance for card emergencies

Considerations

  • Higher interest rates compared to our NAB Low Rate Card.

  • Lower point earn rate compared to our NAB Rewards Signature Card.

  • Higher annual fee compared to some of our other cards.

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Offer

70,000 bonus Velocity Points 

  • Automatically redeem 60,000 Velocity Points (from 120,000 NAB Rewards Bonus Points) when you spend $1,000 within the first 60 days of account opening.

  • Plus 10,000 Velocity Points (from 20,000 NAB Rewards Bonus Points) when you keep your card for over 12 months.

  • You’ll also enjoy a reduced annual card fee (from $195 to $95) for the first year.

Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information below.
Eligibility criteria and terms and conditions apply. Offer available to new NAB Rewards Platinum cardholders only.

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NAB Rewards Signature Card with Velocity

Experience uncapped rewards points to transfer weekly to your Velocity account with our highest points earn NAB Rewards credit card.

Minimum credit limit

$15,000

Annual card fee

$ 295 p.a.

Variable purchase rate

19.99 % p.a.

Benefits

  • Uncapped points earn

  • Earn up to 3.75 NAB Rewards Points per $1

  • Complimentary insurances, including international travel insurance

  • Up to 44 interest free days on purchases

  • 0% p.a. for 12 months standard balance transfer (BT) rate. 3% BT fee applies. Unpaid BT reverts to variable cash advance rate.

  • Add an additional cardholder at no extra cost 

  • NAB Concierge Service

  • Global assistance for card emergencies

Considerations

  • Higher interest rates compared to our NAB Low Rate Card.

  • Higher annual fee compared to our other cards.

Not the right card for you? We can help you choose a different one.

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Offer

80,000 bonus Velocity Points 

  • Automatically redeem 60,000 Velocity Points (from 120,000 NAB Rewards Bonus Points) when you spend $3,000 within the first 60 days of account opening.

  • Plus 20,000 Velocity Points (from 40,000 NAB Rewards Bonus Points) when you keep your card for over 12 months.

  • You’ll also enjoy a reduced annual card fee (from $295 to $145) for the first year.

Minimum monthly repayments required. NAB may vary or end this offer at any time. See important information below.
Eligibility criteria and terms and conditions apply. Offer available to new NAB Rewards Signature cardholders only.

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How to earn Velocity Points

  1. Login to the NAB Rewards Store to provide your Velocity membership number to link your accounts and your NAB Rewards Points will automatically be redeemed for Velocity Points.

  2. Each week, the NAB Rewards Points you’ve earned will be transferred to Velocity Points.

  3. Velocity Points converted from bonus NAB Rewards Points will be credited within three months of meeting your spend criteria.

To be eligible for the offers you must:

  • be a Velocity Frequent Flyer member, join for free, opens in new window today

  • be approved for a new NAB Rewards credit card

  • provide your Velocity membership number to NAB to enrol in auto redemption.

    Approved applicants will receive an email from NAB on how to provide their Velocity membership details.
    The name of the cardholder must match the name on the Velocity membership number.

How much are Velocity Points worth?

  • 2 NAB Rewards Points = 1 Velocity Point

  • With the ability to earn uncapped NAB Rewards Points and the convenience of automatic redemption, redeem Velocity Points at the Velocity Rewards Store, opens in new window or for flights with Virgin Australia and Velocity partner airlines, opens in new window.

    Discover more ways to get points with your NAB Rewards credit card, such as earning points for every dollar you spend.
    Boost your balance faster by earning bonus points when you shop through the NAB Rewards Bonus Points Shop or Points Booster stores.

Do Velocity Points expire?

If you don’t earn Velocity Points for 24 months, then your points will expire. 

How to earn Velocity Points with NAB Rewards credit cards

Accumulate points faster and unlock more Velocity rewards to enhance your travel experience. This table shows how many NAB Rewards Points you’ll earn for every dollar you spend.

  • 2 NAB Rewards Points = 1 Velocity Point.

   NAB Rewards Platinum Card
(per $1 spent)		  NAB Rewards Signature Card
(per $1 spent)
Everyday purchases
 NAB Rewards Platinum Card
(per $1 spent)
Earn 1 point
 NAB Rewards Signature Card
(per $1 spent)
Earn 1.25 points
Major hardware and department store purchases
Stores include Bunnings, Mitre 10, Home Timber and Hardware, Stratco and Total Tools, Myer, David Jones, Kmart, Target and Big W
 NAB Rewards Platinum Card
(per $1 spent)
Earn 2 points
 NAB Rewards Signature Card
(per $1 spent)
Earn 2.5 points
Purchases made online with Webjet, when travelling overseas or on overseas purchases made here in Australia.
 NAB Rewards Platinum Card
(per $1 spent)
Earn 3 points
 NAB Rewards Signature Card
(per $1 spent)
Earn 3.75 points

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Other options to consider

NAB Qantas Rewards credit cards

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NAB Rewards credit cards

Compare our range of NAB Rewards credit cards, and learn more about our NAB Rewards program.

NAB StraightUp Card

Learn more about our no interest credit card.

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Terms and Conditions

Fees and charges
Read our credit card terms and conditions. Fees and charges are payable. Approval and credit limit is subject to NAB's credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at 1 November 2023.

Credit cards issued by National Australia Bank Limited.

NAB Credit Card Terms and Conditions

NAB Electronic Banking (card based) terms and conditions

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Any advice on our website has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, consider whether it is appropriate for your circumstances and view the Product Disclosure Statement or Terms and Conditions available online or by contacting us. Credit applications are subject to credit assessment criteria. Interest rates, fees and charges are subject to change. Target Market Determinations for our products are available at nab.com.au/TMD. Products issued by NAB unless stated otherwise.

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