Thumb nab velocity credit card

NAB Velocity Rewards Credit Card

Introductory Offer: 4.99% p.a. on Balance Transfers 6 months

Offer conditions: Offer not available in conjunction with any other offer. Balance Transfer rate reverts to the Cash Advance rate after 6 months. Offer available to new customers only. Minimum monthly repayments are required. 

Velocity Points earned per $1 spent on purchases are in the mid range, they are capped at $3,000 spend per statement period, earn rates for each of the linked cards are:

  • 0.5 Velocity points for each $1 spent

The Velocity Reward program is both flexible and rich with choices, points can be redeemed for a ever increasing range of goods and services and of course flights from Virgin and their partners.

In conjunction with the Velocity Rewards Program the NAB Velocity credit card comes packaged with a handy range of features that include:

  • Up to 44 interest free days on purchases - providing you pay off your balance in full every month including any balance transfer amount.
  • Low annual card fee - Just $95 p.a.
  • 1 Additional Card Holder - Add an additional card holders for $0
  • Card Security - Verified by Visa to protect your online payments.
  • Visa payWave - provides the convenience of tap and go quick payments on transactions up to $100.
  • Globaleshop from AMEX - a shipping service for your purchases from online stores in the US and UK.
  • Complimentay Purchase Protection Insurance - so you can shop with confifdence
Credit Card Details
Provider NAB
Prestige Level Standard
Credit Card Type Visa
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 19.99% p.a.
Cash Advance Rate 21.74% p.a.
Interest Charged From Purchase date
Interest Free Period Up to 44 days
Balance Transfer
Balance Transfer Rate 4.99%
Balance Transfer Period 6 months
Balance Transfer Fee 0%
Balance Transfer Processing Time 10 - 14 days
Max. Balance Transfer 90% of credit limit
Revert rate 21.74% p.a.
Intro Offer 4.99% p.a. on Balance Transfers 6 months with $0 balance transfer fee. Balance Transfer reverts to Cash Advance rate after 6 months.
Offer end date -
Rewards Program Velocity Rewards
Rewards Points 0.5 points for every $1 spent using the card. Points are capped at $3,000 spend per statement period
Acceptance Criteria
Age to Apply 18
Min. Income -
Residency Australia
Temporary residents Yes with 457 Visa and $50,000 p.a. income
Min. Credit Limit $500
Joint applicants No
Fees & Terms
Min. Monthly Repayment -
Annual Fee $95
Over Limit Fee $0
Duplicate Statement fee $7
Late Payment Fee $9
Min. Monthly Repayment % -
Max. Credit Limit -
Cash advance fee 2% of the cash advance amount or minimum fee of $2.50, whichever is greater
Additional card holder fee $0
Travel & Insurance
Foreign currency conversion fee 2.5% of transaction value.
Overseas atm withdrawal fee $4
Complimentary travel insurance No

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.