The NAB Rewards Platinum Credit Card with Velocity is offering up to 80,000 Velocity Points1 (auto-converted from 160,000 NAB Rewards Points) for new cardholders. There is a minimum spend requirement of $4,000 on eligible purchases within 90 days of account opening and you must keep your account open for over 12 months.
The signup bonus is split into two parts. The first is 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points). These Points are received after spending $4,000 or more on eligible purchases in the first 90 days from account opening. An additional 20,000 Velocity Points (auto-converted from 40,000 NAB Rewards Points) after the annual fee for the second year is billed to your account.¹
New cardholders can also avail of 0% p.a. on balance transfers for 12 months. The Balance Transfer must be applied for during card application. A 3% BT fee applies, and minimum monthly repayments are required.⁴
Your account must be enrolled for auto-redemption to Velocity Frequent Flyer at the time of points allocation. Otherwise, you will not be awarded the Velocity Frequent Flyer bonus Points.
To take advantage of this offer, make sure to click the red ‘FIND OUT MORE & APPLY’ button on the right side of this guide.
NAB Rewards Platinum Credit Card with Velocity offers bonus points at eligible Grocery Stores, and purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au
Digging into the details of the NAB Rewards Platinum Credit Card with Velocity bonus points offer
The NAB Rewards Platinum Card with Velocity is linked to NAB Rewards, however, when you apply for this card through our link for this offer, your monthly points will be automatically converted to Velocity Points. This feature is part of this offer.
Velocity Frequent Flyer is the program of choice for many Australian-based travellers. There are a few reasons for this. Firstly, Velocity Frequent Flyer is the loyalty program of Virgin Australia and the nation’s third-largest loyalty program. In fact, there are over 11 million Velocity members. But also because Velocity offers the highest transfer rate among NAB Reward’s airline partners.
Velocity Frequent Flyer can help get NAB Card Members to wonderful rewards, fast. You can redeem your Velocity Points on flights, flight upgrades, cars, hotels, gift cards and much more.
Card Details
| Card | NAB Rewards Platinum Card with Velocity |
| Loyalty program | NAB Rewards |
| Points earned from spend | 1 NAB Rewards Point per $1 on everyday spend 1.5 NAB Rewards Points per $1 at eligible Grocery Stores 2 NAB Rewards Points per $1 with purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au |
| Points Cap | No points cap |
| Overseas transaction fee | 3.5% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay, Samsung Pay |
| Regular Annual fee | $195 p.a. ongoing |
Earning points with NAB Rewards Platinum Credit Card with Velocity
NAB Rewards members can transfer their Rewards Points to Velocity Points. The applicable rate is 1 NAB Reward Point = 0.5 Velocity Points. You can also have your Rewards Points automatically converted to Velocity Points every month through auto-transfer.
When you set up an auto-transfer, every 2 NAB Rewards Points will be converted to 1 Velocity Point. The earning and redeeming of Velocity Points are subject to the Velocity membership terms and conditions.
For a mid-tier card, these earning rates are standard for a non-Amex Card. As a sweetener, the Card offers bonus categories, where you can earn 1.5 points per $1 at eligible Grocery Stores. *
Double Points with Webjet: 1 NAB Rewards Point + 1 additional NAB Rewards Point (Bonus Points).
Purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au. Webjet Booking Terms and Conditions apply.
Bonus Points at eligible Grocery stores: 1 NAB Rewards Point + 0.5 additional NAB Rewards Points (Bonus Points).
Eligibility for additional points at Grocery stores is determined by a merchant’s Merchant Category Code (MCC). An eligible Grocery store is a merchant whose MCC is designated as 5411 Grocery Stores. NAB is not responsible for designating MCCs and has no control over the same. You’re unable to get points if you use an intermediary platform such as PayPal or a delivery platform such as Uber Eats for these transactions.
And don’t forget that NAB occasionally participates in Velocity’s regular transfer bonus promotions. This can help to boost your points-earning potential.
Effective Frequent Flyer Program Point Earn Rates
| Frequent Flyer Program | Eligible everyday spend | Spend at eligible grocery stores | Eligible spend with Webjet |
|---|---|---|---|
| Velocity Frequent Flyer | 0.5 points / $ | 0.75 points / $ | 1 point / $ |
No points caps are applied to any of the NAB Rewards cards.
NAB Rewards Points bonuses Groceries:
Eligibility for additional points at Grocery stores is determined by a merchant’s Merchant Category Code (MCC). An eligible Grocery store is a merchant whose MCC is designated as 5411 Grocery Stores. NAB is not responsible for designating MCCs and has no control over the same. You’re unable to get points if you use an intermediary platform such as PayPal or a delivery platform such as Uber Eats for these transactions.
Complimentary Insurances
You will get access to five complimentary insurances5 with the Platinum Card, assuming you meet the eligibility criteria:
- International Travel Insurance
- Interstate Flight Inconvenience Insurance
- Rental Vehicle Excess in Australia Insurance
- Purchase Protection Insurance
- Extended Warranty Insurance
Full PDS for the above insurance can be found here.
Effective 15 May 2026 – For the NAB Rewards Platinum card, International Travel, Domestic Travel and Rental Vehicle Excess Insurance will be removed.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Offer eligibility for existing cardholders
NAB has confirmed that any existing customers on a NAB direct-earn Qantas card, such as the NAB Qantas Rewards Signature and NAB Qantas Rewards Platinum, are eligible for this offer, subject to meeting the offer requirements.
Bonus points are not available to customers who currently hold, or have held, any personal NAB Rewards Credit Card in the last 24 months. Offer is not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.
If you have questions or concerns about your specific circumstances as an existing NAB cardholder, you should contact NAB directly to discuss and check your eligibility.
Apple Pay + Google Pay support with NAB
NAB cards support Apple Pay, Google Pay & Samsung Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Summing up: NAB Rewards Platinum Credit Card with Velocity
For those looking for a mid-tier that earns Velocity Points at a competitive rate, this card may appeal to you. Especially given that there are a number of bonus spend categories that can further boost your Velocity Points earning potential. In addition, Velocity offers bonus transfer promotions that provide an added sweetener to your points-earning potential.
The NAB Rewards Platinum Credit Card with Velocity has a reasonable annual fee and competitive earning rates, especially with Velocity Frequent Flyer.
Terms and Conditions
¹ Velocity auto redemption offer
Offer commenced on 1 October 2025 and ends upon withdrawal (Offer Period). NAB may vary or withdraw this offer at any time. If the offer is varied or withdrawn, reasonable notice will be given where possible. To be eligible for the up to 80,000 Velocity bonus Points offer (automatically redeemed from 160,000 NAB Rewards Bonus Points), you must be a Velocity Frequent Flyer member, apply for a new personal NAB Rewards Platinum Credit Card before the offer is withdrawn, have your application approved, provide your Velocity membership number to NAB to enrol in Auto Redemption, spend $4,000 on everyday purchases using your new card within 90 days of opening account and keep your account opened and in good standing for over 12 months. You’ll receive an email from NAB after your application has been approved with information on how to provide your Velocity membership number to NAB. You must provide your Velocity Frequent Flyer membership number in order to have your NAB Rewards points automatically redeemed for Velocity Points. Redemption of Velocity Points and the Velocity membership is subject to the Velocity membership Terms and Conditions, opens in new window.
Points will be awarded on a tiered basis – You will be eligible to receive 120,000 NAB Rewards Bonus Points when you spend $4,000 on everyday purchases in the first 90 days of opening your account (credited to your NAB Rewards Points balance and automatically redeemed for 60,000 Velocity Points within 90 days of meeting the spend criteria) and 40,000 NAB Rewards Bonus Points after you have had your card for over 12 months (credited to your NAB Rewards points balance within the 13th month and will be automatically redeemed for 20,000 Velocity Points within 60 days thereafter). The name of the cardholder must match the name on the Velocity membership number. Offer limited to one total allocation of 160,000 NAB Rewards Bonus Points per Velocity account.
Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes.
Bonus points are not available to customers who currently hold, or have held, any personal NAB Rewards Credit Card in the last 24 months. Offer is not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.
² Earning NAB Rewards Points
Points are earned and redeemed in accordance with the NAB Rewards Terms and Conditions (PDF, 199KB), opens in new window available at rewards.nab.com.au, opens in new window. These terms describe the purchases not eligible to earn points. You must have an open and active NAB Rewards credit card account to earn points. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes.
³ How does Points Booster work?
Bonus Points at eligible Grocery stores: 1 NAB Rewards Point + 0.5 additional NAB Rewards Points (Bonus Points).
Eligibility for additional points at Grocery stores is determined by a merchant’s Merchant Category Code (MCC). An eligible Grocery store is a merchant whose MCC is designated as 5411 Grocery stores. NAB is not responsible for designating MCCs and has no control over the same. You’re unable to get points if you use an intermediary platform such as PayPal or a delivery platform such as Uber Eats for these transactions.
Bonus points with Webjet: 1 NAB Rewards Point + 1 additional NAB Rewards Point (Bonus Points).
Purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au, opens in new window. Webjet Booking Terms and Conditions apply.
Points Booster is subject to the NAB Rewards Terms and Conditions, opens in new window. Only eligible transactions under those terms and conditions earn points and bonus points. Points are credited to your points balance after the eligible transaction is credited to your NAB Rewards credit card account: for standard points within 10 business days of processing and for Bonus Points within 3 business days of the standard points being processed. Details are correct as at 18 April 2024 and are subject to change by NAB.
⁴ Balance transfer 12 month offer rate
After 12 months, any unpaid balance transfers will attract the variable cash advance rate (currently 21.74% p.a. as at today). The one-off balance transfer fee of 3% is calculated on the amount transferred and is charged to your NAB credit card account when your balance transfer is processed. Interest rates are subject to change. While you have an outstanding balance transfer, interest free days on purchases only applies if you pay the interest free days payment in full by the due date each month. Minimum monthly repayments must be made by the due date each month. Standard balance transfer rate and term may be varied or withdrawn at any time. In addition to this acquisition rate, which is available only at card application, other balance transfer offers may be available on your card from time to time. You can find out more information about the ongoing balance transfer rates of your card.
⁵ Insurances
AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631, trading as Allianz Global Assistance (AGA), under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz), has issued an insurance group policy to National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian credit licence 230686 (NAB) which allows eligible persons to claim under it as third-party beneficiaries.
Access to the benefit of cover under the NAB card insurances is available to eligible NAB cardholders and other eligible third-party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice. This insurance is underwritten by Allianz. NAB is not the product issuer or insurer and neither it nor any of its related bodies corporate guarantee any of the benefits under this cover.
If an eligible person wishes to claim any of these benefits, they will be bound by the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits contained in the insurance information booklet. The eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits of the group policy are set out in the NAB Card Insurance Policy Information Booklet effective 1 July 2025 (PDF, 474KB), which may be amended from time to time. For insurable events that occurred prior to 1 July 2025 please refer to the NAB Card Insurance Policy Information Booklet dated 1 November 2023 (PDF, 489KB).
Dislaimer
Consider the NAB Internet Banking terms and conditions which apply when using NAB Internet Banking and the NAB app, before making any decisions regarding these services. The NAB app is compatible with Android™ and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Services issued by NAB.
©2025 National Australia Bank ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.
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