HomeCredit CardsNABRewards Platinum - Velocity Redemption Option

NAB Rewards Platinum - Velocity Redemption Option Credit Card

The NAB Rewards Platinum - Velocity Redemption Option Credit Card offers up to 80,000 bonus Velocity Points. Ongoing benefits include Velocity Points via NAB Rewards earned on eligible purchases, and complimentary travel insurance.


Updated 14 April 2025


Fact checked and verified. Updated 14 April 2025
Already have a credit card?

See if there's a better deal in 60 Seconds

Get Started

* See details below

Expert Review

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.

Bonus Points, Balance Transfer and discounted Annual Fee in first year.
For a limited time the NAB Rewards Platinum - Velocity Redemption Option credit card has a bonus Velocity Points offer, where you could receive 60,000 bonus Velocity Points in the first year and 20,000 bonus Velocity Points in the second year. Also, the product has a special 0% p.a. Balance Transfer offer for 12 months. Of note, there is also a 3% p.a. Balance Transfer fee which should be considered when evaluating the overall benefit of this offer. In addition, the product also has a $95 annual fee in first year, which is a saving of $100 from the standard fee of $195. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Earn NAB Rewards Points to redeem on gift cards, travel, tech and more, plus enjoy complimentary insurances."
- NAB
Rewards

•

Earn Velocity Points via NAB Rewards#

•

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.

Fees
Account Fees

•

$195 annual account fee

Additional Cardholder Fees

•

No additional cardholder fee

•

Up to 1 additional cardholder

Transaction Fees

•

3.50% international transaction fee

Other fees may apply.

Rates

•

20.99% p.a. variable purchase rate

•

21.74% p.a. variable cash advance rate

•

Up to 44 interest free days on purchases

Features
Insurance

•

Overseas Travel Insurance

•

Transport Accident Insurance

•

Interstate Flight Inconvenience Insurance

•

Domestic Hotel Burglary Insurance

•

Purchase Protection Insurance

•

Extended Warranty Insurance

Offers
Bonus Points Offer

up to 80,000bonus points

0% for 12 monthson balance transfers (3.00% BT fee applies), reverts to 21.74% p.a.

$95annual fee in first year

60,000 bonus points in year 1 + 20,000 bonus points in year 2.
Already have this credit card?

See if there's a better deal in 60 Seconds

Get Started
TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the NAB website.

Alternative Credit Cards
More information
^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
Terms of Use | Privacy Policy
Copyright © 2025 Stay or Go Pty Ltd
Stay or Go Pty Ltd (“Stay or Go”) provides information about and compares credit products in the Australian market and is authorised to do so as the holder of Australian Credit Licence 527092. We do not compare every credit product in the Australian market. We are not a credit provider and we do not provide credit assistance. When we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via our website, you are not applying with us, you are applying directly with the credit provider and will be redirected to their website. We endeavour to ensure that the information on this website is current and accurate however, before entering into any credit product with a credit provider displayed on our website, you should confirm the fees, rates, product information, and eligibility criteria with the credit provider and read the Target Market Determination (TMD) available via their website. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice. The use of any trade name or trademark on this website is for identification, comparison and reference purposes only and does not imply any association with the trademark holder or their brand. Please refer to our Terms of Use for more details.