This was posted 1 year 6 months 6 days ago, and might be an out-dated deal.

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NAB Rewards Platinum Credit Card: 60,000 Bonus Velocity Points with $1,000 Spend in 60 Days, $95 Annual Fee @ Points Hacks

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NAB Rewards Platinum Credit Card: 60,000 Bonus Velocity Points with $1,000 Spend in 60 Days, $95 Annual Fee @ Points Hacks
Go to Deal
perox on 29/05/2023 - 18:12 pointhacks.com.au (5937 clicks)

The NAB Rewards Platinum card is offering a Point Hacks exclusive bonus of up to 70,000 Velocity Points (auto-converted from 140,000 NAB Rewards Points) plus a reduced first-year annual fee of $95 (usually $195 p.a.) with a minimum spend requirement of $1,000 on eligible purchases within 60 days of account opening.

The signup bonus is split into two parts, with the first 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) to be received after spending $1,000 or more on eligible purchases in the first 60 days from account opening and an additional 10,000 Velocity Points (auto-converted from 20,000 NAB Rewards Points) after the annual fee for the second year is billed on your account.

TERMS AND CONDITIONS

Point Hacks Exclusive Offer

Offer commences on Mon 8 May 2023 and ends on Mon 5 June 2023. To be eligible for the up to 140,000 NAB Rewards bonus points (which are automatically redeemed for 70,000 Velocity Points) offer, you must be a Velocity Frequent Flyer member, apply for a new personal NAB Rewards Platinum Credit Card before the offer ends, have your application approved, provide your Velocity Frequent Flyer membership number to NAB to enrol in Auto Redemption, spend $1,000 on everyday purchases using your new card within 60 days of opening your account and keep your card open for over 12 months. You’ll receive an email from NAB after your application has been approved with information on how to provide your Velocity Frequent Flyer membership number to NAB. The earning and redemption of Velocity Points and the Velocity membership is subject to the Velocity membership Terms and Conditions. NAB Rewards bonus points will be credited to your NAB Rewards points balance within three months of meeting the spend criteria, and will be automatically redeemed for Velocity Points within 10 days thereafter. The name of the cardholder must match the name on the Velocity membership number.

Points will be awarded on a tiered basis – You will be eligible to receive 120,000 NAB Rewards bonus points when you spend $1,000 on everyday purchases in the first 60 days of opening your account (credited to your NAB Rewards points balance within 3 months of meeting the spend criteria, and will be automatically redeemed for 60,000 Velocity Points within 10 days thereafter) and 20,000 NAB Rewards bonus points after you have had your card for over 12 months (credited to your NAB Rewards points balance within the 13th month and will be automatically redeemed for 10,000 Velocity Points within 10 days thereafter). The name of the cardholder must match the name on the Velocity membership number.. Offer limited to one total allocation of 140,000 NAB Rewards bonus points per Velocity account, per Offer Period.

Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes. You must provide your Velocity Frequent Flyer membership number to NAB in order to have your NAB Rewards points automatically redeemed for Velocity Points. Each week the NAB Rewards Points that you’ve earned will be transferred to Velocity Points with 2 NAB Rewards Points = 1 Velocity Point.

Your NAB Rewards Platinum Credit Card must remain open and in good standing, and you must be enrolled in Auto Redemption to receive the Velocity Points.

This offer is not available to existing NAB Rewards Signature or NAB Rewards Platinum Credit Card customers or customers who have had a NAB Rewards Signature or NAB Rewards Platinum Credit Card within 18 months prior to applying for a new NAB Rewards Platinum Credit Card. Offer is not available when closing/transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.

A reduced annual card fee of $95 will be charged when the card is opened and applies for the first 12 months. You will be charged the standard $195 annual card fee in the 13th month of your card account.

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer VISA

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closed Comments

          • daanish on 01/06/2023 - 20:35

            @stmgr: I don't have the card yet so don't know if you can BPay directly from it within NAB internet banking.

            BeemIt recently stopped accepting credit cards for BPay payments so that loophole is closed. You would have to use Sniip or one of the other paid services now and most of them charge a surcharge in excess of the points return. I guess for a bonus spend it might be worth it if you really want to spend it fast but I'd be very impressed if you're not spending $1000 on general spend in 2 months anyway.

            • bohn on 02/06/2023 - 10:22

              @daanish:

              BeemIt recently stopped accepting credit cards for BPay payments so that loophole is closed

              fark, didn't know this.. that's terrible

              Bundll was another great option for getting around these things but that's closed now also.

              • daanish on 03/06/2023 - 00:44

                @bohn: According to a comment from hours ago in the Beem BPay thread the BPay with credit card option is back on the table. I don't have Beem It set up to check but might be one of those things were Beem went to ground off the bad TikTok press and have confirmed with legals that they're in the clear.

                https://www.ozbargain.com.au/node/777259

                Hopefully other people can check and report back too.

            • nadan on 02/06/2023 - 12:49

              @daanish: You can bpay directly from within the app, I haven't received the card yet but already used BPAY.

              • Moo Deng on 02/06/2023 - 13:43

                @nadan: I don't think you get points for this though

                • nadan on 02/06/2023 - 13:46

                  @Moo Deng: Hmm I can't find any info regarding bpay so it is at their discretion with that general clause.

                  • stmgr on 03/06/2023 - 23:10

                    @nadan: Yeah, this is why im confused. I know i can use bapy but not sure if its rewarded.

                    But thats ok. My 2 months groceries and train fraes will cover 1000$ easily.

  • yotis on 30/05/2023 - 07:24

    Whats people's thoughts on everyday use for this credit card? and can someone please comment if the app/netbank associated with this credit card allows you to schedule bpay bill in advance? My current one dont dont allow >.<

  • spast1ka on 30/05/2023 - 07:26
    +1

    As someone pointed out earlier. Isn't it better to save it as NAB rewards points if you want gift cards? 120k NAB rewards converts to ~$600 but if it autoconverts to Velocity you only get ~$300 worth. If you sign up without linking your Velocity will you still get the bonus points after meeting spend crtieria?

    • HereToSave on 30/05/2023 - 09:14

      Account must be enrolled in auto-redemption to Velocity Frequent Flyer at the time of points allocation to be awarded the bonus points.

    • circle9nine on 30/05/2023 - 20:13

      Just set a high threshold for auto redemption so that you never reach the threshold before the bonus pays out.

      • amorn on 05/06/2023 - 16:34

        did you try?

        • circle9nine on 05/06/2023 - 19:41

          Not for this card but it worked for another previous points hack deal - ANZ plainum - where the t&c were from memory identical to this.

          It's about setting up auto redemption, not actually triggering the auto redemption. Does that makes sense?

          • amorn on 06/06/2023 - 10:29
            +1

            @circle9nine: Does make sense. you are very kind to reply.

          • bawlingonabudget on 20/06/2023 - 21:10
            +1

            @circle9nine: "It's about setting up auto redemption, not actually triggering the auto redemption. Does that makes sense?'

            could you clarify what you mean by this, I dont quite follow

            • circle9nine on 21/06/2023 - 21:07

              @bawlingonabudget: If you want to keep the points you earn as you spend in your nab point balance (and avoid them being auto redeemed into velocity points at a bs conversation rate) the idea is that youd set up auto redemption so it will only happen at a trigger that you're never going to reach. Means you qualify for the bonus points and can redeem the whole lot through the nab program - probably for gift cards.

              • Robot16 on 22/06/2023 - 00:09

                @circle9nine: So does it come down to your preference of using it doe gift cards or flights to choose if nab points or velocity is better?

                • circle9nine on 23/06/2023 - 13:30
                  +1

                  @Robot16: id say so, though converting to velocity seems a pretty bad deal imo

              • bawlingonabudget on 22/06/2023 - 09:38

                @circle9nine: thanks for clearing that up; however, if someone does tend to convert into velocity points, setting this trigger to an unreachable amount is kind of unnecessary?

                • circle9nine on 23/06/2023 - 13:29

                  @bawlingonabudget: the conversion rate is pretty poor though. if youre after velocity points, there are much better cards out there

                  • bawlingonabudget on 23/06/2023 - 15:39

                    @circle9nine: oh bummer…thats not good to hear - got 2 questions for you if that's alright?

                    1) what would be best value for this specific card?
                    2) which cards you recommend for velocity points?

                    • bohn on 23/06/2023 - 15:51
                      +4

                      @bawlingonabudget: earning 60k velocity for an annual fee of $95 isn't too bad.
                      I wouldn't keep it long-term

                      • circle9nine on 24/06/2023 - 19:24
                        +2

                        @bohn: @bawlingonabudget:actually @bohn is right. it's a decent deal. i had for some reason thourght these were nab rewards points which convert to velocity at 2:1.

                      • bawlingonabudget on 27/06/2023 - 19:09

                        @bohn: when you frame it like that, very true!

  • 900dollaridoos on 30/05/2023 - 08:27

    Instant approval with existing ANZ 6k credit card

  • offthetap on 30/05/2023 - 09:08

    i just got instant approval

  • penguinswillrise on 30/05/2023 - 09:31
    +1

    Pointhacks values Velocity points at 1.8c. That means for the second year you'd be paying $195 annual fee for approx $180 worth of bonus points

    • stmgr on 30/05/2023 - 19:11
      +3

      Which is why u cancel as soon as you get the points or before the 13 th month

  • SenorQuack on 30/05/2023 - 09:36

    This is a good card. Approval was quick and points accredited quickly after hitting the min spend. Used the card to pay an ATO bill via Sniip and once I hit the min spend was credited to velocity points a week later.

    • spast1ka on 30/05/2023 - 10:49

      Did you get any NAB reward points accrued before it converted to Velocity? I'm looking to convert to gift cards because the conversion rate is 2x better than for Velocity points.
      The terms say it can take up to 10 days to convert to Velocity so hopefully I will have time to convert the NAB reward points for gift cards before it auto converts.

      • SenorQuack on 30/05/2023 - 14:34
        +1

        Yeah I think so, I had about 122000 NAB reward points in my account which sat there for about a week before auto converting to Velocity yesterday.

  • offthetap on 30/05/2023 - 09:37

    how long did it take for people to get the email about velocity number?

  • Mugsy on 30/05/2023 - 10:37

    Not bad. Though, I'm hoping Amex will have 100k+ velocity points when I'm ready to apply for credit cards again.

  • Moo Deng on 30/05/2023 - 11:37

    If you have recently been approved for Virgin Money credit card would that exclude you from this? Since that is also via NAB?

    • soan papdi on 01/06/2023 - 22:04

      I'm in the same boat. My Virgin Flyer is 2 months old and had no problem getting this one but I requested a low credit limit (7K). Min credit limit is 6K.

  • offthetap on 30/05/2023 - 12:04
    +1

    prob the best and easiest credit card app process i have experienced. took 15 mins to apply approved instantly, had the credit card activated and in apple pay within 20 mins. called them up to link my VFF number.

    • t-money on 30/05/2023 - 13:42
      +3

      disagree from my end. conditionally approved pending income verification. sent immediately. text the next day saying case officer has opened and i would have a response in 24-48 hours. 4 days later nothing. i call and it says they wont take cc enquiries due to high volume of apps. no good

      • stmgr on 30/05/2023 - 19:10
        +1

        I think you get approved quickly if you already get your income in a nab account.

        I get mine in cva abd is still pending

      • 6828 on 07/06/2023 - 06:31

        Same issue here. Instantly conditionally approved but uploaded payslips with no further advances in the application process after 3 working days.

    • spast1ka on 31/05/2023 - 10:00

      How did you activate the card without having received it physically yet? I can't find the card details in internet banking.

      • Moo Deng on 07/06/2023 - 13:46

        Same question here, how did you activate with Apple Pay without receiving the card yet?

        • daanish on 07/06/2023 - 15:31

          I'm not sure if Apple Pay is different but I was an existing NAB customer* so the card showed up in my NAB app. I went to the Menu > Cards > I saw a button to add to Google Pay > Follow on screen prompts and we're away.

          *I'm a NAB customer in so far as I keep a regular transaction account open with them and keep $10 in it so that I'm eligible for existing customer deals like extra bonus points or discounts on credit card annual fees.

  • itzSTARSCREAM on 30/05/2023 - 12:42

    Can we still receive the velocity bonus points if we have held the NAB Qantas card in the last 18months?

  • clownfish on 30/05/2023 - 14:00

    Rookie question- but do you need to be approved or just have applied by the 5th? I was conditionally approved and have sent in my identity docs and proof of income etc. But just worried that with the large influx of applications, it may take a while for approval.

    • timhn on 30/05/2023 - 15:36
      +3

      Just need apply by the 5th. They can take few days to approve after you have send all the req documents.

      • clownfish on 30/05/2023 - 19:43

        Thanks!

      • twistedbow on 30/05/2023 - 20:16

        that's good. wondering if i am going to get approved by the end of this week as banks close on weekend

      • twistedbow on 02/06/2023 - 14:35

        i just had a chat with NAB credit card team about the application and was told that it has to be approved by 5th to be eligible :( so just asked them to cancel my application as it's been a week and i haven't heard anything from them.

        • bohn on 02/06/2023 - 14:38

          Wtf why so long?

          • twistedbow on 02/06/2023 - 14:53

            @bohn: something to do with their new process and high volume of applications so there may be delay. also i am not with NAB for my day to day banking meaning they don't have sufficient info for them to instantly approve.

            • BlackorRed on 02/06/2023 - 15:52
              +2

              @twistedbow: I have home loan with NAB and had credit cards with them in the past but they are still taking long to approve it after I have provided my documents as well as answered their phone call inquiries on my bank statement. My credit rating is 900+ too…On the other hands, my wife had instant approved and got her card today despite she never had credit cards in Australia…lol…just because her pay goes in NAB account…wtf

              • bohn on 02/06/2023 - 16:29

                @BlackorRed: nab are useless, I just took my loan away from them to westpac.
                I'm going to try and get this but not holding my breath.

        • Robot16 on 02/06/2023 - 18:57
          +5

          I called them after reading this and the loyalty team mentioned that the bonus points will apply as long as you have applied before the 5th.

  • Evostar on 30/05/2023 - 14:19

    Keep getting this error on each step of the application. Very irritating.

    An unexpected error has occurred
    We're unable to process your application at this time.
    Please try again later or contact us directly for help on 13 13 12 .

    • soan papdi on 01/06/2023 - 22:06

      Ad blocker, noscript or other browser plugin interfering maybe

  • umoddbro on 30/05/2023 - 17:01

    Cheers OP aplied, got conditional.

  • 6828 on 30/05/2023 - 19:26

    I'm new to Velocity points, would buying $1000 worth of Woolworths Gift cards qualify me for this deal if once I got the NAB card?

    • timhn on 30/05/2023 - 19:40

      Yes.

      • 6828 on 31/05/2023 - 07:50

        Cool ! I just noticed you can use Velocity points to buy a gift card. So effectively this is like getting a couple of hundred dollars for free. I should keep an eye out for these offers more often!

      • ajaxsprayandwipe on 05/06/2023 - 10:58

        would you be charged interest on this?

        • 6828 on 07/06/2023 - 06:34

          Interest on which thing?

  • Fishballs on 30/05/2023 - 19:39

    Nobody seems to be mentioning the part where it says " keep your card open for over 12 months."
    Does this mean 6ou won't get the points for 12 months? What if you canel before 12 months?

    • timhn on 30/05/2023 - 19:42
      +3

      The signup bonus is split into two parts, with the first 60,000 Velocity Points (auto-converted from 120,000 NAB Rewards Points) to be received after spending $1,000 or more on eligible purchases in the first 60 days from account opening and an additional 10,000 Velocity Points (auto-converted from 20,000 NAB Rewards Points) after the annual fee for the second year is billed on your account.

  • EnergicAU on 30/05/2023 - 20:03

    Anyone get the email to get the points auto converted to virgin?

  • mc85 on 31/05/2023 - 10:29

    I had a NAB Qantas Rewards Premium Card that I closed a couple of months ago.

    Would I be eligible for the bonus Velocity points?

    • maverick1 on 03/06/2023 - 18:23
      +1

      guess no one knows yet. The T&C doesn't state "Qantas" specifically, so its kinda grey and tempting.

    • daanish on 04/06/2023 - 17:42
      +1

      Yes. The Qantas cards are a different product line.
      Also this is on the Points Hack website.

      NAB has confirmed that any existing customers on a NAB direct-earn Qantas card, such as the NAB Qantas Rewards Signature and NAB Qantas Rewards Platinum, are eligible for this offer, subject to meeting the offer requirements.

      I can't see how previously holding a Qantas card would be different from currently holding a Qantas card in terms of eligibility.

  • nadan on 31/05/2023 - 11:56

    Applied and conditionally approved, and within 5 minutes another email to confirm approval. Very easy and straightforward but I do have accounts with NAB and that might have helped.

  • Marrk on 31/05/2023 - 13:52

    I was conditionally approved/uploaded my payslips yesterday, haven’t heard anything back yet.

    • t-money on 31/05/2023 - 14:06
      +1

      took me about 5 days after sending paylsips to get approval

      • Marrk on 31/05/2023 - 14:35

        I just got an SMS about it being reviewed today, says to wait 24-48 hours though.

        • t-money on 31/05/2023 - 14:59

          yes got that same sms, many day later to approval…

          • Marrk on 31/05/2023 - 15:04

            @t-money: Just got an approved SMS, must have gotten lucky.

            • sam cho on 31/05/2023 - 18:52
              +1

              @Marrk: Lucky you, mine got reviewed today, still no update..

  • TechNerd on 31/05/2023 - 17:02

    Has this deal expired? It says page not found when I click find out more & apply

    • daanish on 31/05/2023 - 19:07

      Doesn't look like it. I just clicked through and submitted my application. Got conditionally approved and just need to upload payslips.

    • Marrk on 31/05/2023 - 19:08

      Maybe try a different browser or incognito mode, it’s still up.

      • TechNerd on 31/05/2023 - 21:59

        Never mind, looks like it is back up. It was definitely showing page not found a few hours ago.

  • Ozbargainasaurus on 31/05/2023 - 20:10

    Heads up, if you think you can hit 3k over 60 days, apply direct on virgin velocity (sends you to nab). 80k velocity points

    • Moo Deng on 31/05/2023 - 22:24

      Annual fee?

      • Ribhargain on 31/05/2023 - 23:06
        +2

        Debatable if 80k points at $195 annual fee (the virgin velocity deal) is better than 60k with $95 fee and lower spend threshold advertised here

        • daanish on 01/06/2023 - 07:47

          Effectively comes out to 20k points for $2000 spend and $100 AF which doesn't seem like much of a deal compared to this.

        • Ozbargainasaurus on 01/06/2023 - 09:21
          +1

          You're right, I just saw the $100 off and assumed it was the same…

  • offthetap on 01/06/2023 - 12:27

    card arrived in the mail 2 days after the approval. already spent the $1k this morning on some body corp fees. be interesting to see how fast the points get credited

    • umoddbro on 01/06/2023 - 18:53

      How did you link your velocity, mines approved but haven't received any email regarding that yet

    • Mr BoMBAStiG on 05/06/2023 - 13:49

      Any update?

      • offthetap on 05/06/2023 - 16:16
        +1

        i called nab and asked them to manually link my number. i can see the 1,000 points in my rewards account from the spend but not the bonus points yet. i'm assuming they might get credited upon the first statement being generated (whenever that is)

      • offthetap on 16/06/2023 - 07:59

        just got my 60k points credited to my velocity account this morning.

        • Mr BoMBAStiG on 16/06/2023 - 18:21

          Cheers mate, just spent 2k on it today so hoping for a similar turnaround.

    • offthetap on 07/06/2023 - 07:55

      update on this. when i log into NAB internet banking, click cards, select the credit card, i can now see 121,000 rewards points there which is weird because i set up the auto redemption to velocity points… anyway when i click the below link to 'redeem nab rewards points' it sends me out to their rewards site and wants me to login again which doesnt work (sends me back to internet banking) so gonna have to call them up now and see whats happening, but looks like the rewards points have been credited within a week of spend

      • offthetap on 07/06/2023 - 08:05

        response from nab: points are transferred over to velocity on the 14th of each month, that's why they are still sitting there even though i have already set up auto redemption to velocity.

        • daanish on 07/06/2023 - 11:46

          In theory, does that mean that if you wanted to convert to GCs instead of VFF could you get the points in your account and redeem them for GCs before the 14th of the month?
          Do you have the option to spend the 121k points currently or you can just see that you have them?

          • offthetap on 07/06/2023 - 11:50

            @daanish: thats the issue, i see them, but i am unable to login to the actual points redemption site to potentially redeem them (theres a bug or something) so not sure

      • wizko on 07/06/2023 - 13:34

        Hey so I just spent over the $1000 requirement at one go, and I linked the velocity number through the website from beforehands. How long did it take you to be credited the standard points and then the bonus points?

        • offthetap on 07/06/2023 - 14:06

          standard points went in same day, took 4 days to see the bonus points through nab internet banking

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