Velocity NAB 5,000 points offer!!

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JohnK

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Received a letter from NAB the other week about NAB Velocity Visa and NAB Velocity Gold AMEX. Only 5,000 Velocity points, if you activate your card by July 2006. Waive the c/c fee in the first year and then $44/pa for Visa and $150/pa for Gold Amex. Interest rate is 18% for Visa and 17.5% for Gold Amex. With Visa 1 Velocity point for each $2 spent and Gold Amex 1 Velocity points for each $1 spent.

In some newspapers I have seen ads where no Velocity points are offered for signing up!!

Appears to be a very poor deal all-round. Anyone taking up this offer recently? How long since the 15,000 point offer disappeared?
 

ANDREWCX

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The standard offer on the NAB website offers the 5,000 points - interestingly the annual fee for the visa is listed as $69 with a 44 day payment period so maybe the print ad is a typo?
 

JohnK

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ANDREWCX said:
The standard offer on the NAB website offers the 5,000 points - interestingly the annual fee for the visa is listed as $69 with a 44 day payment period so maybe the print ad is a typo?
Terribly sorry but ad is listed as $65 with a 44 day payment period. I read the wrong number!. :confused:

Still would be a typo in the ad if the website mentions annual fee of $69.
 

Yada Yada

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JohnK said:
How long since the 15,000 point offer disappeared?
Hi John. I've just received an email from Velocity offering the NAB cards again with 15,000 point bonus. It looks like the offer is to existing Velocity members.
 

Mal

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Yep, 15000 points up for grabs again...

www.national.com.au/velocity15

Must be one of the most spruiked cards out there at the moment!

Only a week to apply though:

"if you apply for a card using the link below between 29 May and 9 June and use it before 4 August 2006. "
 
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Mal said:
Yep, 15000 points up for grabs again...

[...]

Must be one of the most spruiked cards out there at the moment!

One wonders if it is performing badly in the market
 

JohnK

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Thanks guys. I have no idea what they are doing. Do they? I have also received the e-mail on Monday. :confused: There is now mention of no annual card fee where as the newspaper ad said fee was waived in first year.


exclusiveOffer.gif
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[FONT=Verdana, Arial, Helvetica, sans-serif]xx_xx_xx_x[/FONT]
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[FONT=Verdana, Arial, Helvetica, sans-serif]29 May 2006[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]Hi John[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]As a Velocity Member, you've overcome any reluctance to join a Rewards Program, but haven't yet taken the next step to building points on the ground.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]With Velocity NAB Credit Cards, not only do you earn points every day, but you'll receive 15,000 Velocity Points, if you apply for a card using the link below between 29 May and 9 June and use1 it before 4 August 20062.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]That could be a return flight between Sydney and Melbourne3.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]Other redeeming features of Velocity NAB Credit Cards include:[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]
  • no limit on the number of points you can earn
  • points go onto your Velocity Rewards Account automatically4
  • no annual card fee for the first year5
[/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]Don't forget, with Velocity, if a seat is available for sale on any Virgin Blue flight, you can book it for points. So make the most of your Velocity membership by taking advantage of this fantastic offer.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]With no annual card fee and 15,000 Velocity Points, what's stopping you?[/FONT]
 
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