The NAB Rewards Platinum - Velocity Redemption Option Credit Card offers 40,000 bonus Velocity Points. Ongoing benefits include Velocity Points via Velocity Frequent Flyer earned on everyday purchases, and complimentary travel insurance.
Updated 18 May 2022
* See details below
The NAB Rewards Platinum - Velocity Redemption Option credit card is one of NAB's mid-tier Velocity Frequent Flyer products. Featuring a relatively low points earn rate which is uncapped, the card provides premium features such as insurances. This card earns NAB Rewards Points, which can be converted to a variety of rewards, including Velocity Points. Further, the product has a $195 annual fee, including up to 44 interest free days.
Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products and no additional cardholder fees.
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Earn Velocity Points via NAB Rewards#
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0.5points per $1 spent
# This product earns NAB Rewards Points which can be converted to Velocity Points. For your convenience, all above references to points are in the Velocity Points currency.
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$195 annual account fee
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No additional cardholder fee
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Up to 1 additional cardholder
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3.00% international transaction fee
Other fees may apply.
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19.99% p.a. purchase rate
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21.74% p.a. cash advance rate
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Up to 44 interest fee days on purchases
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Overseas Travel Insurance
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Transport Accident Insurance
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Interstate Flight Inconvenience Insurance
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Domestic Hotel Burglary Insurance
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Purchase Protection Insurance
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Extended Warranty Insurance
up to 40,000bonus points
0% for 12 monthson balance transfers (3.00% fee applies), reverts to 21.74% p.a.
$95annual fee in first year
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Before applying for this product, you should read the Target Market Determination (TMD) available here on the NAB website.