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Up to 80,000 bonus Velocity Points with the NAB Rewards Card¹
Card Overview
Enjoy up to 80,000 bonus Velocity Points when you apply for the NAB Rewards Card and spend $4,000 on everyday purchases within the first 90 days of account opening and keep your card open for over 12 months. The card also offers 0% p.a. on balance transfers for 12 months, with a 3% balance transfer fee. Offer available to new NAB Cardholders only. T&Cs apply.
Key Attributes
Up to 80,000 bonus Velocity Points¹, receive 40,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) when you spend a minimum of $4,000 on eligible purchases within the first 90 days of account opening and an additional 40,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) when you keep your card open for over 12 months¹
Flexible redemption options, including cashback, airmiles and more
Complimentary Purchase Protection Insurances⁵ and Extended Warranty Insurance⁵
Complimentary Mobile Phone Insurance⁶
Apple Pay and Google Pay support
Earn 1.25 NAB Rewards Point earned per $1 spend on everyday purchases up to $5,000 Rewards Statement Period, then 0.5 NAB Rewards Points for every $1 spend, uncapped.²
Plus, 0.75 bonus NAB Rewards Points per $1 on eligible Groceries, Petrol, Public Transport and Travel spend, uncapped.²
Benefit from a balance transfer rate of 0% for 12 months, with a 3% BT fee.⁴
Annual Fee: $195 p.a.
Bonus points are not available to customers who currently hold, or have held, any personal NAB Rewards Credit Card in the last 24 months or in conjunction with any offer. Minimum monthly repayments required. Eligibility criteria and terms and conditions apply. Offer available to new NAB Rewards cardholders only. See terms and conditions below.
The NAB Rewards Card is offering up to 80,000 Velocity Points1 (auto-converted from 240,000 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 40,000 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 40,000 Velocity Points (auto-converted from 120,000 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.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 Card Velocity offers bonus points at eligible Grocery, Petrol, Public Transport and Travel Spend, uncapped.
Digging into the details of the NAB Rewards Card bonus points offer
The NAB Rewards Card 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 Card
Loyalty program
NAB Rewards
Points earned from spend
1.25 NAB Rewards Point per $1 on everyday spend up to $5,000 per Statement Period, then 0.5 NAB Rewards Points for every $1 spend, uncapped.
0.75 NAB Rewards Points per $1 on eligible Grocery, Petrol, Public Transport and Travel, uncapped.
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 Card
NAB Rewards members can transfer their Rewards Points to Velocity Points. The applicable rate is 1 NAB Reward Point = 0.33 Velocity Points. You can also have your Rewards Points automatically converted to Velocity Points every month through auto-transfer.
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 0.75 NAB Rewards Points per $1 on eligible Grocery, Petrol, Public Transport and Travel spend, uncapped.³
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 Premium, 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 Card
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 Card has a reasonable annual fee and competitive earning rates, especially with Velocity Frequent Flyer.
Terms and Conditions
¹ NAB Rewards Card — Up to 80k Velocity auto redemption offer
Offer commenced on 1 October 2026 and continues until withdrawn (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 offer of up to 80,000 Velocity bonus Points (automatically redeemed from 240,000 NAB Rewards Bonus Points), you must:
be a Velocity Frequent Flyer member,
apply for a new personal NAB Rewards Credit Card before the offer is withdrawn,
have your application approved,
provide your Velocity membership number to NAB to enrol in Auto Redemption,
spend at least $4,000 on everyday purchases using your new card within 90 days of account opening, and
maintain your account in good standing for at least 12 months.
You must provide your Velocity membership number to enrol in Auto Redemption, which enables your NAB Rewards Points to be automatically redeemed for Velocity Points. Once your application has been approved, NAB will email you instructions on how to provide your Velocity membership number. The redemption of the Velocity Frequent Flyer membership and Velocity Points are subject to the Velocity membership Terms and Conditions.
Points will be awarded on a tiered basis – 120,000 NAB Rewards Bonus Points will be awarded when you spend at least $4,000 on everyday purchases within 90 days of opening your account. These points will be credited to your NAB Rewards points balance and automatically redeemed for 40,000 Velocity Points within 90 days of meeting the spend requirement. A further 120,000 NAB Rewards Bonus Points will be awarded once you have held your card for over 12 months. These points will be credited to your NAB Rewards points balance during the 13th month after account opening and automatically redeemed for 40,000 Velocity Points within 30 days of being credited. The name on the credit card account must match the name associated with the enrolled Velocity membership number. Offer is limited to a maximum of 240,000 NAB Rewards Bonus Points per Velocity account.
Everyday purchases are eligible transactions under the NAB Rewards Terms and Conditions and exclude transactions including those that NAB decides are wholly or partly for gambling or gaming purposes. Please refer to the NAB Rewards Terms and Conditions for more information.
You are not eligible for Bonus Points if you currently hold, or have held, a personal NAB Rewards Credit Card in the last 24 months. Offer is not available in conjunction with any other NAB credit card offer and does not apply if you are closing, switching from, or transferring an existing NAB credit card account.
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: 1.25 NAB Rewards Point + 0.75 additional NAB Rewards Points (Bonus Points).
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 1 October 2026 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 22.99% 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 Complimentary 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.
Complimentary Mobile Phone Insurance (covering Accidental Damage and Theft to Your Eligible Mobile Telephone) is provided under a group policy issued by AIG Australia Limited (ABN 93 004 727 753, AFSL 381 686) (AIG) to National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (NAB).
Cover is available to all NAB Rewards, NAB Rewards Travel, NAB Velocity Rewards Premium, NAB Flybuys Rewards, NAB Low Rate Platinum, NAB Low Fee Platinum, NAB Low Rate and NAB Low Fee Credit Cardholders (Eligible Person).
Eligible Persons can claim under the Group Policy as third-party beneficiaries in accordance with section 48 of the Insurance Contracts Act 1984 (Cth).
If an Eligible Person wishes to claim, such claim will be subject to the eligibility criteria, terms, conditions, exclusions, limits and applicable sub-limits as further detailed in the terms and conditions for such coverage which is available on our complimentary card insurance page.
To be eligible for coverage Eligible Persons must have a contract with a mobile phone provider and a monthly billing arrangement using their eligible NAB card. Any advice provided by NAB about this insurance is general advice only and is not based on any consideration of an Eligible Person’s objectives, financial situation, or needs. Eligible Persons must determine whether or not it is appropriate, in light of their own circumstances, to act on this advice.
AIG as product issuer is not providing any financial advice about this insurance. NAB is not the product issuer, and neither NAB or its related bodies corporate guarantee any of the benefits under this insurance cover.
Fees and charges
Terms and conditions apply. Credit card 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 today.
Credit cards issued by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.
The NAB Rewards Platinum cc will not have complimentary travel insurance from 15 th May 2026.