40,000 sign up bonus on NAB premium Velocity and Qantas Cards

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ablecookie

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The cards arrived today, which seems quite quick, given that I only applied last Wednesday night. Just the one envelope though, and no sign of a letter of offer.

Setup Internet banking and the Android app - all good.

........ etc

I doubt that I'll be able to spend enough on it to justify keeping it after the first year, and I can't see myself buying 500 NAB shares any time soon, so unless I can persuade them to waive the fee the next time around, that'll be it.

I was a little surprised to find that the Amex card isn't contact-less or has a chip.

I must miss the bit about discount or special deal for holding 500 NAB shares. Can someone enlighten me on this?
 

ablecookie

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Nice benefit.

Shame NAB has been the perennial laggard of Australian megbank.

I was thinking switching over from my ANZ AMEX/Visa to save the annual fees since I've have some NAB shares and noticed both have QBE as the insurer for o/?seas travel.

Just as well I read the details. The two policies entirely different. NAB has no medical evacuation plus a lot more other deficiencies. Looks like will be sticking to ANZ.
 

danwell

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Has anyone cancelled and gone back for a second shot at these cards? I can't see anything limiting eligibility to a single application in any time period.

Anyone? I'm interested to know whether the 380,000 points for $70 play from last year made them tighten their offerings on these.
 

gaz0303

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Letter from NAB yesterday offering the wife a CC with 40000qff points plus no annual fee as she is a home loan customer, with pre-approval for a $10000 limit. However, I have a Plat CC with fee covered by the joint home loan with wife as an additional card holder. Wife also earns $0. Still need to apply for CC so not sure what pre-approval really means. Is this marketing junk or have NAB just given us 40k QFF points?
 

opusman

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Just as well I read the details. The two policies entirely different. NAB has no medical evacuation plus a lot more other deficiencies.

When I looked at it it seemed like the two policies were pretty much the same. If you look at 3.7 Resumption of overseas journey it states in part:

... if (a) during your overseas journey, we had to return you
back to Australia, as a result of your accidental injury
or illness

Which strongly implies evacuation to Australia is possible. And in reality an insurer will always return you to Australia if it can since after that Medicare will pick up the bill for hospital treatment.
 

Sharp75

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Letter from NAB yesterday offering the wife a CC with 40000qff points plus no annual fee as she is a home loan customer, with pre-approval for a $10000 limit. However, I have a Plat CC with fee covered by the joint home loan with wife as an additional card holder. Wife also earns $0. Still need to apply for CC so not sure what pre-approval really means. Is this marketing junk or have NAB just given us 40k QFF points?

The same scenario here. How did you go with the application. My wife doesn't work but they're still asking income etc details.
 

psi999

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Just received 2 new (main and sup) velocity platinum Amex cards in the mail, looks like Nab / Amex finally rolled out chip and paywave with this product.

Zero complaints with this card 6 months in. Hopefully will be comped next year as it'll be a shame to dispose.
 

maco

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Did others get posted 2x lots of 20,000 points, or just 40,000 in the one hit?

I have only just received 20k (rather than 40) when I (i) made my first purchase on 21/10/2014 and (ii) paid the $250 annual fee on 17/12/2014
 

psi999

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Anyone still using this card? - Any luck in comping annual fee?

Looking like ~30 days out from annual fee so its decision time.
 

ablecookie

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The annual fee rebate/waiver is part of the shareholder reward, so should be pretty safe it will be honored. I think the rule also include minimum spend of $7500 during the yr.
 

coles525

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The annual fee rebate/waiver is part of the shareholder reward, so should be pretty safe it will be honored. I think the rule also include minimum spend of $7500 during the yr.

How many minimum shares must one have?
 
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