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NAB Rewards Platinum + 80,000 Bonus When You Spend $2,500 within 90 Days + No Annual Card Fee for The First Year

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NAB Rewards Platinum + 80,000 Bonus When You Spend $2,500 within 90 Days + No Annual Card Fee for The First Year
Go to Deal
awesome-deal on 23/01/2017 - 09:30 nab.com.au (9139 clicks)
Last edited 23/01/2017 - 10:09 by 1 other user

NAB Rewards Platinum Credit Card (Minimum Credit Limit $6000) with 80,000 bonus When you spend $2,500 on everyday purchases within 90 days of card approval. Also enjoy no annual card fee for the first year.

OR

NAB Rewards Classic Card (Minimum Credit Limit $500) with 40,000 BONUS POINTS when you spend $1,500 on everyday purchases within 90 days of card approval. Also enjoy $0 annual card fee for the first year.
http://www.nab.com.au/personal/banking/credit-cards/nab-rewa…
(Thanks to Godric)

Rewards store is: https://rewards.nab.com.au

Each 19,230 points is a $100 Gift Card (BP, Bunnings, Caltex, Coles, etc.) (Thanks to Sunny84)

Financial Credit Card

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • Sunny84 on 23/01/2017 - 09:41
    +28

    If anyone's wondering 80k NAB points = 40K Velocity (2:1) or $400 in gift cards (BP, Bunning's, DJ, Coles etc..)

    • imed on 23/01/2017 - 10:29
      +2

      Anyone know if the 40K Velocity points is better value than $400 in gift cards?

      • samsal46 on 23/01/2017 - 10:42
        +1

        its definitely better value to convert to velocity points. the point worth is higher if you are using them to upgrade to business class

        • eecan on 23/01/2017 - 10:52
          +17

          Depends on how much you value business class as well. I would not actually pay for business class so the sticker price of an upgrade doesn't mean as much to me.

        • noone on 23/01/2017 - 11:15
          +1

          are they still worth higher if you're using it just to get an economy flight?

        • MrTweek on 23/01/2017 - 11:38
          +1

          @noone:
          Value for paying flights is more fluctuating because the price for a flight in real money keeps changing, while the price for paying with points is always the same.

          I personally get most value from domestic flights, as the fees are low and availability is usually good enough for me.

          To get an idea (all flights one way, no additional fees):
          MEL-SYD: 11100 points
          MEL-AKL: 28800 points
          MEL-BNE: 15300 points

        • cakesy on 23/01/2017 - 21:06
          +4

          @eecan: Are you crazy? You get to your destination at least 2 or 3 minutes before everyone else!

        • JohnHowardsEyebrows on 25/01/2017 - 20:34
          +2

          @MrTweek: You should pay the taxes. Whereas airfares are cheap in terms of points, taxes are paid for by converting points to cash at a very poor rate (like 0.6c per point).

        • Peck on 04/02/2017 - 09:35

          @JohnHowardsEyebrows: Absolutely true !!!

      • DingoBilly on 23/01/2017 - 11:39
        +1

        Should be worthwhile. You could sell the points outright for $400 if you change your mind.

        Otherwise 40,000 points should be around 2 return flights, say Melbourne to Brisbane (I think +$50-100) or so which would generally be around $600 at least (- the $50-100, so you're still ahead).

        Could use it for business class upgrade but eh, not worth it imo.

      • Gavman on 23/01/2017 - 11:45

        Yes if u can sell them. There are Ppl pay 1.2c-1.4c per point. $500-600. $400 is a bit low ball

        • lgacb08 on 23/01/2017 - 11:58
          +2

          Default price on ozbargain is 1c/point, not that easy to sell at higher value

        • Tapori on 23/01/2017 - 13:19

          Isn't that against the Velocity T&C?

        • Peck on 23/01/2017 - 14:39
          +2

          @PT18: Yep ;)

        • Gavman on 23/01/2017 - 18:20

          @lgacb08: pretty low ball. Do a fb gumtree google search ull find plenty of people that can do 30% better than a cent. Last time I sold mine I got 1.4. If ur getting less than 1.3 ur getting stooged imo

        • Gavman on 23/01/2017 - 18:23

          @PT18: just don't tell the t&c police and they won't getchya lol

        • [Deactivated] on 23/01/2017 - 19:55
          +3

          @Gavman:

          good luck
          they are cracking down on it now due to "abuse" if you want to risk your points go for it
          I know I wouldn't be

          would be easier just to book flights after you charge people IMHO

  • sydboy007 on 23/01/2017 - 09:43

    Anyone know what the transfer rate is for airline miles?

    The website doesn't seem to show it.

    • Sunny84 on 23/01/2017 - 09:44
      +1

      also curious to know what the rate is for velocity?

      • illumination on 23/01/2017 - 10:09

        Am curious too and it seems you have to login to find out which is why none of us are able to see the conversion =/ lol

        Hopefully it's a competitive 2:1 which would be decent, otherwise I'm expecting 2.5:1 or 3:1.

        • Sunny84 on 23/01/2017 - 10:29
          +5

          I checked with the rewards team and its 2:1 so 40k velocity.

        • theblake on 23/01/2017 - 18:14

          That does not say what the transfer rate is, hence the question.

        • bozbargain on 23/01/2017 - 19:15

          @theblake: I believe the original question to which I responded was if your could transfer the points to any freq flyer programs (at least, that's how I read the question). This whole negging of comments is becoming a bit rediculous on this site. Someone posted a deal, Nab doesn't make it very clear for us so we're alll trying to help each other out. Perhaps I got the question wrong this time but why would you neg a response unless it's an annoying or dumb comment that adds no value to the discussion?

        • theblake on 26/01/2017 - 21:20

          @bozbargain: this is the question you replied to. "also curious to know what the rate is for velocity?"

  • Godric on 23/01/2017 - 09:46
    +1

    Or

    NAB Rewards Classic Card
    40,000 BONUS POINTS when you spend $1,500 on everyday purchases within 90 days & enjoy $0 annual card fee for the first year *

    NAB Rewards Classic

  • BeRad on 23/01/2017 - 09:46

    what does the 80,000 points convert to in velocity points?

    • MeesaBuyStuffHere on 23/01/2017 - 10:37

      It's a 2:1 ratio so 80,000 NAB points = 40,000 Velocity points.

      • BeRad on 23/01/2017 - 13:23

        Thanks. Couldnt find it

  • CI on 23/01/2017 - 09:56

    Can we convert to QFF?

  • illumination on 23/01/2017 - 10:07
    +1

    Looks like it's a new credit card.. have never heard of it and pretty sure NAB never had their own Rewards program. They were the only one of the big 4 to not have their own rewards program.

    Probably to do with the RBA decision on interchange fees so this is probably designed to be a replacement card for bank-issued AMEXs.

  • cocomelon on 23/01/2017 - 10:11
    -1

    i have NAB velocity credit card from my home loan, am i eligible for the promo? may have overlooked the T&C and it doesn't mention anything.

    • bozbargain on 23/01/2017 - 10:32

      Offer commences 23 January 2017. To be eligible for the 80,000 bonus points offer, you must apply for a new NAB Rewards Platinum Card by 31 May 2017, be approved, and spend $2,500 on everyday purchases within 90 days of opening your account on your NAB Rewards Platinum Card. To be eligible for the 40,000 bonus points offer, you must apply for a new NAB Rewards Classic Card by 31 May 2017, be approved, and spend $1,500 on everyday purchases within 90 days of opening your account on your NAB Rewards Classic Card. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purchases. NAB may vary or end this offer. Points will be credited to the qualifying members account within 3 months of meeting the spend criteria. The annual card fee waiver will be applied at time of card opening, and applies for the first 12 months. You will be charged an annual card fee in the 13th month of your card account. Minimum monthly repayments must be made by the due date each month. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.

      Looks like as long as you keep your other card active, you would be eligible?

      • Chumpmaster on 23/01/2017 - 12:08

        Applied for a nab promo for a Qantas Card for 60,000 points early last year, still holding on to the card. Does that mean it's 'in conjunction with other nab credit card offers'?

        • bozbargain on 23/01/2017 - 12:21
          +1

          I think that clause is a standard way of saying that this promo cannot combined with another offer for that same card.

  • runamuck on 23/01/2017 - 10:19
    +3

    Whats the minimum income? Cant seem to find the info.

    • leTintin on 23/01/2017 - 11:01
      +1

      What would be good is a list of all CC and minimum income required.

      • lolcoaster on 23/01/2017 - 16:39

        Platinum cards are usually $50k; $75k for Black and Signature tier cards.

  • LoCure on 23/01/2017 - 10:22
    -1

    Is anyone else seeing the annual fee of $195 listed when applying??

    • zulnoth on 23/01/2017 - 10:46
      +3

      it really doesnt matter, dude. says on the site "80,000 BONUS POINTS when you spend $2,500 on everyday purchases within 90 days & enjoy $0 annual card fee for the first year *" - you got it in writing. you get charged? you call them, they waive charge.

    • thydzik on 23/01/2017 - 10:46

      in the terms;

      "The annual card fee waiver will be applied at time of card opening, and applies for the first 12 months. "

  • ruddiger7 on 23/01/2017 - 10:24

    Perfect timing, I have to pay for a cruise in the next 3 months.

    • tunzafun001 on 23/01/2017 - 13:29
      +1

      Cruises often attract a surcharge. Using a credit card linked to a Paypal account is sometimes a work around option.

      • theblake on 23/01/2017 - 18:18

        NAB will charge 3% overseas for for AUD transactions processed by Paypal.com.au if they figure out that the "merchant" is located overseas.

        They dont do this with all relevant transactions, they also miss plenty. Only ones where the merchant name can be clearly assocated with an overseas seller.

  • Frozensage on 23/01/2017 - 10:24

    Can someone explain to me why you want to transfer to velocity points? Does velocity points get you cheaper gift cards?

    • bozbargain on 23/01/2017 - 10:27
      +5

      No, you wouldn't do that for gift cards. You would do that to redeem (Virgin) flights.

    • theblake on 23/01/2017 - 18:18

      Velocity points gets you on an aeroplane and fly somewhere for free.

  • Duram on 23/01/2017 - 10:25

    Can I be bothered going through this again… also how to spend 2500 in 90 days lol.

    • mooboy on 23/01/2017 - 10:32
      +15

      You could take me out for a night on the town.

      • nightelves on 23/01/2017 - 10:47
        +7

        wowser you cost $2500 a night?

        • hashtagbargain on 23/01/2017 - 14:03
          -1

          Pretty cheap, considering the whole town is invited!

    • samsal46 on 23/01/2017 - 10:43
      +2

      buy an electronic gadget, pay your electricity and gas bill, telstra bills, etc

    • apptrack on 23/01/2017 - 10:48
      +1

      Invoice yourself a paypal invoice…

      • darthsparrow on 23/01/2017 - 11:33

        If you don't mind paying 2.6% + a 30¢ fixed fee?

        • dw121212 on 24/01/2017 - 09:34

          You can refund it later?

        • darthsparrow on 24/01/2017 - 15:04

          @dw121212: still come up 30¢ short unless you make a call to PayPal and get them to reverse that 30¢

      • payless69 on 23/01/2017 - 13:29
        +3

        just get a square reader for $19 and then charge yourself 2.5k that will cost you 1.9% then get the 400 gift cards and bring the card back to the bank!
        Hard to earn more per hour!

        • Scrooge McDuck on 25/01/2017 - 11:30
          -1

          Is this a practical method?

          I'll perform it if it is…

      • b3stoh on 01/06/2017 - 00:02
        +1

        is this a proven method? Cause its bloody brilliant!

    • RENERO on 23/01/2017 - 11:28

      If you can't spend $2,500 in 3 months why don't you get woolworths gift cards to reach the threshold…?

      • tunzafun001 on 23/01/2017 - 13:30
        +2

        and renew your rego, car, home, health insurance…done!

    • Russ on 23/01/2017 - 14:28
      +4

      how to spend 2500 in 90 days

      Ring up your health insurer, and ask to pay the next year in advance. That should chew up a fair bit of the $2500.

      As a bonus, as health insurance goes up in April, you'll effectively be paying this year's rates from April through next January.

    • iSamurai on 23/01/2017 - 18:08

      You could just prepay bills or get woolworths gift cards…

    • Maltopia on 24/01/2017 - 05:23

      Eneloops

    • FutureTech on 19/03/2017 - 17:53

      I wish we could pay tax using credit card.

    • Gooddeal21 on 19/03/2017 - 22:34

      Pay for childcare if you don't have kids pay for childcare of your friends ahahha

  • deva22 on 23/01/2017 - 10:27

    No info on transfer rate to FF programs. Just says 3000 points needed to transfer.

    Anyone know?

    • bozbargain on 23/01/2017 - 10:30
      +1

      Can't find it myself either. But since 3,000 is a bit of an odd number, my guess is it's something like 3 for 2?
      It's a pretty awful landing page as with most pages since the NAB rebranding. None of the references (1,2,3 etc) seem to link to anything so very hard to find out the small print.

    • deva22 on 24/01/2017 - 09:52
      +1

      I found the transfer rates:

      All three cards earn NAB Rewards points which can be manually converted into frequent flyer points as follows, with a minimum transfer amount of 3,000 NAB Rewards points at a time:

      3 NAB Rewards points = 1.5 Virgin Australia Velocity points
      3 NAB Rewards points = 1.0 Cathay Pacific Asia Miles
      3 NAB Rewards points = $0.015 Air New Zealand Airpoints Dollars

      source: https://www.ausbt.com.au/nab-launches-new-frequent-flyer-cre…

  • Frozensage on 23/01/2017 - 10:28

    And does it come with Amex plus visa like the other banks?

    • SuiCid3 on 23/01/2017 - 10:32
      +1

      Doesn't look like it, otherwise it would be mentioned somewhere, especially in the points earn section.

  • SuiCid3 on 23/01/2017 - 10:31

    Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.

    Very broad statement.
    I wonder if that excludes any that's previously held a NAB card?

  • [Deactivated] on 23/01/2017 - 10:36

    Nice was wondering when nab would offer a decent cc

  • Baghern on 23/01/2017 - 10:51
    +2

    Question does spend/rewards points include Bpay payments?

    Note Commonwealth Bank doesnt allow points to acrrue on Bpay payments

  • kudoz on 23/01/2017 - 10:51

    Hmm, wonder if buying 14 x $200 Myer Gift Cards (@ $180 each = $2520) would satisfy the spending criteria? (pretty sure there are still offers around for this)

    Would net $2800 to put towards Macbook Pro refresh at the end of the year, plus get 4 x $100 Myer Gift Cards using the points.

    $3200 of gift card value for $2520…

  • Altf4z on 23/01/2017 - 10:56

    Just successfully signed up, thanks!

  • kirt on 23/01/2017 - 11:13

    Cheers OP :)

  • Frozensage on 23/01/2017 - 11:19

    says complete for me. Pending verifications…. so I guess that means I won!?

    • nightelves on 23/01/2017 - 11:23

      No they still have to check your pay slip

    • [Deactivated] on 23/01/2017 - 11:24

      expect a call or email requesting documents

      • Frozensage on 23/01/2017 - 11:26

        maybe I should have said Im an existing NAB customer… couldn't work out what my ID is so didn't pick that option lol

        • Godric on 23/01/2017 - 11:28
          +1

          They will know if you are an existing customer = D

        • Frozensage on 23/01/2017 - 11:29
          +1

          @Godric: Also forgot I get paid fortnightly instead of monthly so should be double whatever I put down on my income lol …. lucky this is just an cc application not an exam paper

  • CrocDundee on 23/01/2017 - 11:31

    Just wondering if those who sign up to these types of CC advantages, do you cancel the card before the 12months expires so you don't have to pay any Annual fee? Then look for another points related opportunity? Or do you end up keeping the card long term?

    • nightelves on 23/01/2017 - 11:36

      Nope you cancel after you get the sign on bonus and ask for a pro rata refund of the annual fee

      • isdnman on 23/01/2017 - 11:45
        +2

        there is no annual fee to start with…

        • nightelves on 23/01/2017 - 11:47

          well he's asking in general

    • Duram on 23/01/2017 - 11:43
      +1

      I usually threaten to leave once I get my points which sometimes results in 10K or more points being thrown in as a bonus, then when I get that second bonus I leave for real for real.

      I've done this like 5 times now and have had times where the points pay for a months worth of groceries :D.

      • apptrack on 23/01/2017 - 12:27
        -2

        Aand your credit rating is -9000

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