Important Upcoming NAB International Transaction Fee change

From 1 November 2024, the NAB International Transaction Fee will increase from 3% to 3.5% of the converted AUD amount of single and multi-currency international transactions. This will apply to all international transactions posted to your account on or after 1 November 2024 using a NAB Credit Card which may include transactions made prior to 1 Nov.

The international transaction fee doesn’t apply to purchases made using a NAB StraightUp Card, NAB Rewards Signature Card or NAB Visa One Fee-Free Card. 

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

20.99 % p.a.

Benefits
  • Uncapped points earn

  • Earn up to 2 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.

    We can’t process balance transfers from certain issuers – see our indicative list.

  • 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.

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

Offer

80,000 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 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 $195 to $95) for the first year.

Minimum monthly repayments required. Offer ends Wednesday 31 October 2024. See important information below. Eligibility criteria and terms and conditions apply. Offer available to new NAB Rewards Platinum cardholders only. See important information below.

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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

Monthly card fee

$ 24 p.m.

Variable purchase rate

20.99 % p.a.

Benefits
  • Monthly fee waiver

  • Fee-free international transactions

  • Uncapped points earn

  • Earn up to 3 NAB Rewards Points per $1

  • Complimentary insurances, including international travel insurance

  • Complimentary mobile phone insurance

  • Complimentary delayed flight lounge pass

  • Add an additional cardholder at no extra cost 

  • 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.

    We can’t process balance transfers from certain issuers – see our indicative list.

  • Fraud and theft protection with world class security technologies

  • Global assistance for card emergencies

  • NAB Concierge Service

  • Special offers with Visa Premium Access and Visa Entertainment, opens in new window including pre-sale tickets and member promotions

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

  • Higher annualised monthly fee compared to some of our other cards

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

Offer

90,000 bonus Velocity Points 

  • Automatically redeem 65,000 Velocity Points (from 130,000 NAB Rewards Bonus Points) when you spend $3,000 within the first 60 days of account opening.

  • Plus 25,000 Velocity Points (from 50,000 NAB Rewards Bonus Points) when you keep your card for over 12 months.

  • Plus, a $24 monthly card fee, reversed if you spend $5,000 or more in a statement period.

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. See important information below.

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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

  NAB Rewards Platinum Card (per $1 spend) NAB Rewards Signature Card (per $1 spend)
Standard earn rate
NAB Rewards Platinum Card (per $1 spend)
Earn 1 point
NAB Rewards Signature Card (per $1 spend)
Earn 1.5 points up to $15,000 spend per month, then earn 0.5 points
Grocery store purchases
NAB Rewards Platinum Card (per $1 spend)
Earn 1.5 points
NAB Rewards Signature Card (per $1 spend)
Earn 1.5 points up to $15,000 spend per month, then earn 0.5 points
Purchases made online with Webjet
NAB Rewards Platinum Card (per $1 spend)
Earn 2 points
NAB Rewards Signature Card (per $1 spend)
Earn 3 points

Credit card tools and calculators

Get help to choose the right card or help calculate savings with a balance transfer.

Help and support

We’re here to help. Learn about the support services available to you.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Other options to consider

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Visit your nearest NAB branch to speak to us in person.

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 today. 

Credit cards issued by National Australia Bank Limited.

NAB Credit Card Terms and Conditions

NAB Electronic Banking (card based) terms and conditions

NAB Credit Card Cover Product disclosure statement and policy document (PDF, 471KB), opens in new window

Credit card fees and charges

Indicator rates for other personal lending products