40,000 Velocity points when you open a NAB Rewards Platinum credit card and spend $1,000 within 60 days, $45 annual fee

Receive 40,000 Velocity points when you spend $1,000 on eligible purchases within 60 days of being approved for the NAB Rewards Platinum card.

  • $45 first year annual fee ($195 thereafter).
  • Additional 10,000 Velocity points if you keep the card open for over 12 months.
  • Earn 0.5 Velocity points per dollar spent on everyday purchases.
  • Complimentary travel insurance.
  • $6,000 minimum credit limit.
  • Offer not available if you have held a NAB Rewards Platinum or NAB Rewards Signature card in the last 18 months.

What are 40,000 Velocity points worth?

It depends on how you redeem them:

Terms and conditions

Offer commenced on 31 January 2024. To be eligible for the up to 50,000 Velocity bonus Points offer (automatically redeemed from 100,000 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must be a Velocity Frequent Flyer member, apply for a new personal NAB Rewards Platinum Credit Card before the offer is withdrawn, have your application approved, provide your Velocity membership number to NAB to enrol in Auto Redemption, spend $1,000 on everyday purchases using your new card within 60 days of opening account and keep you card 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. Redemption of Velocity Points and the Velocity membership is subject to the Velocity membership Terms and Conditions.

Points will be awarded on a tiered basis – You will be eligible to receive 80,000 NAB Rewards Bonus Points when you spend $1,000 on everyday purchases in the first 60 days of opening your account (credited to your NAB Rewards points balance within 3 months of meeting the spend criteria, and will be automatically redeemed for 40,000 Velocity Points within 10 days thereafter and 20,000 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 10,000 Velocity Points within 10 days thereafter). The name of the cardholder must match the name on the Velocity membership number. Offer limited to one total allocation of 100,000 NAB Rewards Bonus Points per Velocity account.

Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes. You must provide your Velocity Frequent Flyer membership number to NAB in order to have your NAB Rewards points automatically redeemed for Velocity Points. Each week the NAB Rewards Points that you’ve earned will be transferred to Velocity Points with 2 NAB Rewards Points = 1 Velocity Point, provided your Velocity Frequently Flyer membership is linked to your account.

Your NAB Rewards Platinum Credit Card must remain open and in good standing, and you must be enrolled in Auto Redemption to receive the Velocity Points.

This offer is not available to existing NAB Rewards Signature or NAB Rewards Platinum Credit Card customers or customers who have had a NAB Rewards Signature or NAB Rewards Platinum Credit Card within 18 months prior to applying for a new NAB Rewards Platinum Credit Card. Offer is not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.

A reduced annual card fee of $45 will be charged when the card is opened and applies for the first 12 months. You will be charged the standard $195 annual card fee in the 13th month of your card account.

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