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NAB Rewards Signature Card with Velocity
Earn up to 0.75 Velocity Points (converted from 1.5 NAB Rewards Points) per dollar on everyday purchases up to $15,000, then 0.25 Velocity Points per dollar thereafter and enjoy no international transaction fees with the NAB Rewards Signature Card with Velocity. (Eligibility criteria and T&Cs apply. Offer available to new NAB Rewards Signature cardholders only.)
- NAB Rewards Points can be transferred to Velocity Points, Cathay Pacific Asia Miles, KrisFlyer miles, Flybuys points or Air NZ Airpoints
- Apple Pay and Google Pay support
Why we like the NAB Rewards Signature Card with Velocity
The NAB Rewards Signature Card with Velocity lets you earn NAB Rewards Points, which are automatically converted to Velocity Points, on your everyday purchases, with double points on Webjet purchases. These points are auto-swept to your Velocity account at the end of each statement period.²
There’s also no international transaction fees which is rare among points-earning credit cards, and you can get the monthly fee waived when you spend at least $5,000 during the month. Plus, there’s a great sign-up bonus available to new cardholders.
As you’d expect with a premium credit card, this card provides complimentary insurances including international travel insurance, interstate flight inconvenience insurance and domestic rental vehicle excess insurance. You can also get complimentary airport lounge passes whenever your flight is delayed by at least an hour at selected airports.³
- NAB Rewards Points can be transferred to Velocity Points, Cathay Pacific Asia Miles, KrisFlyer miles, Flybuys points or Air NZ Airpoints
- Apple Pay and Google Pay support
Contents
Sign-up bonus
Apply for a NAB Rewards Signature Card with Velocity to earn up to 80,000 bonus Velocity Points! That’s equal to 160,000 NAB Rewards Points!¹
To give you an idea of the value of those points, it would cost you 62,000 Velocity points (plus taxes and carrier charges) for two return Virgin Australia Business Class flights from Melbourne to Sydney.
The bonus points are allocated over two years. You’ll receive 60,000 bonus points (converted from 120,000 NAB Rewards Bonus points) when you spend $5,000 on eligible purchases within 90 days of opening your account. You’ll get an additional 20,000 bonus points (converted from 40,000 NAB Rewards Bonus points) when renewing your card for a second year.
This offer does not have a fixed expiry date but may be changed or withdrawn at any time.
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 other offer.
No international transaction fees
Since 12 June 2024, this card has no international transaction fees. Enjoy fee-free foreign currency transactions when travelling overseas or shopping online!
Delayed flight lounge pass
As a NAB Rewards Signature Card with Velocity cardholder, you can get complimentary access to selected LoungeKey airport lounges for yourself and up to four eligible travel companions if your flight is delayed by an hour or more. If no lounges are available, you can also use your Delayed Flight Lounge Pass to offset the bill at selected airport dining outlets.³
Complimentary travel & other insurances
The NAB Rewards Signature Card with Velocity comes with complimentary international travel insurance. This is underwritten by Allianz and is available when you charge at least $500 worth of prepaid travel costs to your card. Other eligibility criteria apply, including an age limit of 80, which you can review on the NAB Card Insurance eligibility online portal.
Other types of insurance offered with this card include:
- Interstate flight inconvenience insurance
- Rental vehicle excess insurance (within Australia)
- Transit accident insurance
- Mobile phone insurance
- Purchase protection insurance
- Extended warranty insurance
Before using this insurance, we’d encourage you to read the PDS here.
Earning points
With the NAB Rewards Signature Card with Velocity, you’ll earn 0.75 Velocity Points (converted from 1.5 NAB Rewards Points) per dollar on the first $15,000 spent on eligible transactions (excluding government payments and gambling transactions) each month. Additional monthly spend earns at a rate of 0.25 Velocity Points (converted from 0.5 NAB Rewards Points) per $1.
Plus, earn double points with Webjet.
Earning points for ATO & government payments
This card does not give points for payments made directly to the Australian Tax Office (ATO) or other government bodies.
However, you can use a payment service such as pay.com.au to pay tax and other bills with this card and still earn points at the full rate!
If you’d like a credit card that earns points on ATO payments, you could also consider a NAB business credit card.
Using Velocity Points
There are many ways to redeem Virgin Australia Velocity Points, both in the air and on the ground.
If you don’t want to use your points for flights, Velocity Points can be redeemed for wine, hotels, car hire bookings and products or gift cards from the Velocity Rewards Store.
But you’ll generally get the best value for your Velocity Points by redeeming for UpgradeMe Points upgrades or reward seats on Virgin Australia.
You can also get good value for your points by booking reward seats on many of Virgin Australia’s partner airlines. These include Singapore Airlines, Qatar Airways, United Airlines, Etihad Airways, and Air Canada.
You can check the number of Velocity Points you’d need to book a reward seat on the Velocity Frequent Flyer website.
It’s also possible to convert Velocity Frequent Flyer Points into Singapore Airlines KrisFlyer miles! You’d just need to transfer at least 5,000 Velocity Points at a time, and the conversion rate is 1.55 Velocity Points = 1 KrisFlyer mile.
Note that taxes & carrier charges are payable in addition to the points on reward seats. The availability of reward seats may also be limited, particularly in Business Class on popular international routes and during peak travel periods.
See our Overview of Velocity Frequent Flyer Redemptions for more information.
Summary
Pros
- No international transaction fees
- Delayed Flight Lounge Pass benefit
- Earn bonus points with Webjet
- Complimentary travel insurance
- Compatible with Apple Pay & Google Pay
- Get the monthly fee waived whenever you spend $5,000 during the month
Cons
- Higher annual fee than other NAB credit cards
- The full points earn rate is capped at $15,000 of spend per month
- High interest rate (this could be a problem if you don’t think you’ll be able to repay your balance in full each month)
- Locked into Velocity points
- NAB Rewards Points can be transferred to Velocity Points, Cathay Pacific Asia Miles, KrisFlyer miles, Flybuys points or Air NZ Airpoints
- Apple Pay and Google Pay support
Frequently Asked Questions (FAQs)
What are the requirements to apply for a NAB Rewards Signature Card with Velocity?
To apply for a NAB Rewards Signature Card with Velocity, you would need to be an Australian or New Zealand citizen, an Australian Permanent Resident or a non-resident holding an acceptable Temporary Residency Visa, aged 18 or over, and receive a regular income. Other criteria may apply.
What is the minimum credit limit on the NAB Rewards Signature Card with Velocity?
The minimum credit limit is $15,000.
Does the NAB Rewards Signature Card with Velocity include any airport lounge passes?
This card provides a Delayed Flight Lounge Pass benefit that you can use if your flight is delayed by an hour or more. You can also redeem NAB Rewards Points for DragonPass airport lounge passes.
Can you use the NAB Rewards Signature Card with Velocity to pay the ATO?
Yes, but you will not earn any points if you use a personal NAB credit card to pay the ATO or other government bodies directly. If you would like to earn points when paying tax using your credit card, you could use a bill payment service such as pay.com.au or consider a NAB business credit card.
Does the NAB Rewards Signature Card with Velocity offer a concierge service?
Yes, receive 24/7 access to the NAB Concierge Service for assistance with travel and lifestyle services.
Do Velocity Poitns expire?
Yes, Velocity Points expire after 24 months of no activity. To keep your Velocity Points from expiring, you can simply earn or redeem 1 point (or more) within a 24 month period.
Is the NAB Rewards Signature Card with Velocity compatible with Apple Pay?
Yes, this card supports Apple Pay and Google Pay.
Can you add an additional cardholder?
Yes, you can add one additional cardholder at no extra cost. The supplementary cardholder must be at least 16 years old.
Terms & Conditions
¹ Velocity auto redemption offer
Offer commenced on 29 July 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 (by earning and automatically redeeming 160,000 NAB Rewards Bonus Points), you must:
- be a Velocity Frequent Flyer member
- apply for a new personal NAB Rewards Signature Credit Card with Velocity before the offer is withdrawn
- have your application approved
- provide your Velocity membership number to NAB to enrol in Auto Redemption
- spend $5,000 on everyday purchases using your new card within 90 days of opening account
- keep your account open 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 $5,000 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 30 days thereafter). The name of the cardholder must match the name on the Velocity membership number. Offer limited to one total allocation of up to 160,000 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, opens in new window for more information.
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 Points and NAB Points Booster
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.
Bonus Points with Webjet:
When you spend under $15,000 on eligible purchases in a Rewards Statement period (calendar month): 1.5 NAB Rewards Points + 1.5 additional NAB Rewards Points (Bonus Points).
When you spend over $15,000 on eligible purchases in a Rewards Statement period (calendar month): 0.5 NAB Rewards Points + 2.5 additional NAB Rewards Points (Bonus Points).
Webjet – 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 12 June 2024 and are subject to change by NAB.
³ Delayed flight lounge pass
Complimentary Delayed Flight Lounge Passes are provided by Collinson Insurance Services Limited (which operates the LoungeKey™ Pass program), and are available to all NAB Rewards Signature Credit cardholders (Eligible Persons). The Delayed Flight Lounge Pass gives an Eligible Person plus up to 4 travel companions complimentary access to select airport lounges at select airport locations. Alternatively, if a lounge is unavailable, Eligible Persons can use their Delayed Flight Lounge Pass to offset a dollar amount off the total bill at select dining options. Availability of airport lounges and dining options vary based on location and affiliated LoungeKey™ Partners at the time. Not all airports offer Delayed Flight Lounge Pass and use of Delayed Flight Lounge Pass may be restricted to certain terminals. Access to and use of the Delayed Flight Lounge Pass is subject to the Terms of Use (PDF, 83KB), opens in new window which are subject to change. You can search for locations and the conditions of use, opens in new window applicable to each airport lounge/dining venue.
⁴ Monthly fee waiver
The monthly fee will be charged on the last day of your statement period each month. If you spend $5,000 or more in a statement period, your monthly fee for that statement period will be reversed. Spend includes all purchases and cash advances less any refunds or cash advance reversals. Some pending transactions may take up to 10 business days to process to your account and only transactions that are processed in that statement period will count towards the spend requirement.
⁵ 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.
⁶ Variable cash advance rate
Cash advances also include other transactions we consider to be the equivalent of withdrawing cash from your account. These include most gambling transactions (such as sports betting, casino games, lottery tickets, online gambling), the purchase of travellers cheques, wire transfers or other similar substitutes for cash (such as crypto-currency).
If you don’t want to allow gambling transactions (including cash advances and cash transfers) on your card, you can disable them in the NAB app.
Disclaimer