Upcoming personal credit card changes

From 18 April 2024, we’re making changes to personal credit cards and some updates to the terms and conditions.

Offer
Redeem up to 80,000 bonus Velocity Points through automatic redemption

  • Collect 60,000 bonus Velocity Points (converted from 120,000 NAB Rewards Points) when you apply before Wednesday 31 July 2024 and spend $1,000 on everyday purchases in the first 60 days.

  • Plus receive an additional 20,000 bonus Velocity Points (converted from 40,000 NAB Rewards Points) when you keep your card open for over 12 months.

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

Offer ends Wednesday 31 July 2024. Eligibility criteria and terms and conditions apply. Offer available to new NAB Rewards Platinum cardholders only.

How to earn Velocity Points

To get your NAB Rewards Points automatically redeemed for Velocity Points, simply provide your Velocity Frequent Flyer membership number to NAB to link your accounts. Each week the NAB Rewards Points you’ve earned will be transferred to Velocity Points. Velocity Points converted from bonus NAB Rewards Points will be credited within three months of meeting your spend criteria.

2 NAB Rewards Points are worth 1 Velocity Point.

Offer eligibility criteria

To be eligible for the offer you must: 

  • be a member of the Velocity Frequent Flyer program.

  • be approved for a new NAB Rewards Platinum 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 membership number.

How to earn NAB Rewards Points

On 18 April, Points Boosts on NAB Rewards Platinum is changing.

There's no limit to the amount of NAB Rewards points you can earn each month.

Earn 3 NAB Rewards Points

Applies to purchases made online with Webjet, when travelling overseas or on overseas purchases made here in Australia.

Earn 2 NAB Rewards Points

Applies to purchases made at major department and hardware stores (in store and online) including: Myer, David Jones, Kmart, Target, Big W, Bunnings, Mitre 10, Home Timber and Hardware, Stratco and Total Tools.

Earn 1 NAB Reward Point

Applies to all other everyday purchases.

Where could 80,000 Velocity Points get you?

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. Fly with Virgin Australia, United Airlines, Virgin Atlantic, Singapore Airlines, Eithad Airways, Qatar Airways and more.

If you collected the total 80,000 bonus Velocity Points on offer, you’d have enough Points for the following trips.

Sydney to Los Angeles

A one-way Economy Reward Seat from Sydney to Los Angeles (44,800 Velocity Points, plus $118.48 in taxes, fees and carrier charges) flying with United Airlines.

Brisbane to Maldives (Malé)

A one-way Economy Reward Seat from Brisbane to Maldives (50,000 Velocity Points, plus $205.24 in taxes, fees and carrier charges) flying with Singapore Airlines.

Melbourne to Rome

A one-way Economy Reward Seat from Melbourne to Rome (75,000 Velocity Points, plus $284.54 in taxes, fees and carrier charges) flying with Etihad Airways.

Features and benefits

Take advantage of the NAB Rewards Signature Card offer to enjoy a range of benefits.

Visa Premium Access

Discover hundreds of deals, discounts and privileges with Visa Premium Access, opens in new window.

Add another cardholder

Add an additional cardholder at no extra cost.

Shop the NAB Rewards Store

Redeem your points for a wide range of electronics, homewares, jewellery and more in the NAB Rewards Store, opens in new window.

Concierge service

Assistance 24 hours a day, 7 days a week for travel and lifestyle services with NAB Service.

Rates and fees

Learn more about our standard credit card interest rates, annual card fees and credit limits that apply to this card.

Variable purchase rate
20.99% p.a.
Standard balance transfer (BT) rate for 12 months
3% BT fee applies. Unpaid BT reverts to variable cash advance rate
0% p.a.
Interest free days on purchases Up to 44
Annual card fee
(reduced to $95 for the first year)
$195 p.a.
Minimum credit limit $6,000
Variable cash advance rate
This is the interest rate charged on amounts you withdraw as cash, gambling transactions (including lottery ticket purchases), or transfer from your credit card to another account.
21.74% p.a.

Applying is easy

  • You need to be at least 18 years old to apply.

  • Complete your application in 15 minutes and get a response in 60 seconds.

  • You may be asked to provide payslips or bank statements.

  • Receive your NAB Rewards Platinum Card in five days.

Not a Velocity member yet?

Sign up for free to take advantage of offers, rewards and more.

It’s free and fast to join Velocity. 

Terms and Conditions

Credit Card Terms and conditions available. 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 30 November 2022 and subject to change. Credit cards issued by National Australia Bank Limited. ©2023 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.