The NAB Rewards Signature - Velocity Redemption Option Credit Card offers up to 80,000 bonus Velocity Points. Ongoing benefits include Velocity Points via Velocity Frequent Flyer earned on eligible purchases, and complimentary travel insurance.
Updated 27 November 2023
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The NAB Rewards Signature - Velocity Redemption Option credit card is NAB's premium Velocity Frequent Flyer product. Featuring a competitive 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 $295 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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0.63points 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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$295 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. variable purchase rate
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21.74% p.a. variable cash advance rate
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Up to 44 interest free 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 80,000bonus points
0% for 12 monthson balance transfers (3.00% BT fee applies), reverts to 21.74% p.a.
$145annual 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.