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NAB Credit Card Overseas $50 Cashback with $1000 Spend

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NAB Credit Card Overseas $50 Cashback with $1000 Spend
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cpho on 31/10/2017 - 19:14 files.ozbargain.com.au (254 clicks)
Last edited 01/11/2017 - 10:40

Registered my NAB Classic credit card to go travelling and received an email with a cashback offer.
Ymmv and cashback amounts/spend amounts may vary.

My particular offer was $50 Cashback for $1000 spend.
This offsets the 3% international transaction fee plus you get triple NAB points for overseas spend which brings the Classic card to approx 1 virgin velocity point per dollar spent. The platinum card will be closer to 1.5 velocity points per dollar.

T&C's

The cash back offer up to $300 is available to the customer addressed in this offer email, who has registered their NAB Rewards Classic Card ending xxxx.

For this offer, only everyday purchases made overseas in a foreign currency by the primary and any secondary cardholders for two months after departure from Australia will be considered. All overseas returns/refunds will be adjusted against your account.

Cash back will be applied to your eligible credit card account up to 6 weeks after the offer end date. This offer is subject to your account being open, kept in good standing and not overdue.

Financial

Related Stores

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

closed Comments

  • malouphix on 31/10/2017 - 19:42
    +2

    This offer is subject to your account:

    being open = yep
    kept in good standing = D'oh!
    and not overdue = dammit.

    I'm out.

    • cpho on 31/10/2017 - 20:20
      +2

      I know your comment was a joke but if people can't pay off their credit card in full at the end of every month, they shouldn't be using a credit card.

      • coprocessor8087 on 31/10/2017 - 21:23

        That's not what the banks want you to do obviously.

  • overule on 01/11/2017 - 00:56
    +2

    NAB charged 3% for overseas transactions.
    If I spent 1000, I will be charged $30.

    • cwongtech on 01/11/2017 - 02:36

      This is true guys, even if the currency is in AUD (I bought DJI refresh with my card and got charged 3% for an overseas transaction..)

    • cpho on 01/11/2017 - 10:39

      Huh is it only 3%? I thought it was 3.5. I'll update the post

    • Legoman on 01/11/2017 - 12:37

      Yep, thinking you're going to be ahead with the points when the bank will be charging you hansomely for using the card overseas is a fool's game. This would only be worthwhile if your trip overseas is for work and you can expense all the charges you make to someone else! Otherwise use your 28°/Wankbest/Citibank Plus card instead with zero international fees.

      • cpho on 02/11/2017 - 01:34

        But you do come out ahead. $50 cashback. $30 in fees but $20 profit? $1000 spend + $30 fees - $50 cashback = $980 cash outflow + 1000 vff points
        Vs Citibank when $1000 spend = $1000 outflow

  • coolsteps on 01/11/2017 - 22:31

    i registered overseas travel but no email offer received yet. how long did you have to wait to get the email? also doesnt matter on dates you put down? can u use it to buy stuff overseas online and still get the cash back?

    • cpho on 02/11/2017 - 01:37

      I got my email on the day my travel was registered to start

      I guess it wouldn’t matter? I only know the T&Cs based on what was emailed to me and it doesn’t really specify otherwise

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