NAB Rewards Platinum Credit Card: 80,000 NAB Rewards Points with $1,000 Spend in 60 Days, $45 Annual Fee @ NAB

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NAB Rewards Platinum Credit Card: 80,000 NAB Rewards Points with $1,000 Spend in 60 Days, $45 Annual Fee @ NAB

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plain_biscuit on 20/01/2024 - 13:31 nab.com.au (2048 clicks)
Last edited 20/01/2024 - 16:27 by 1 other user

Similar to this popular deal https://www.ozbargain.com.au/node/784275 with the following exceptions

80k NAB rewards points vs 120k NAB rewards points
converts to Velocity points 40k vs 60k
annual fee $45 vs $95
~~- not required to auto transfer to velocity points~~

My maths say (based on AF)
$1 AF -> 1777 vs 1263 NAB rewards points
$1 AF -> 888 vs 631 Velocity points
OR
1 NAB rewards point = $0.0005625 vs $0.0007916
1 Velocity point = $0.001125 vs $0.001583

YMMV - you have to weigh out if getting a hit on your credit score is worth the difference

Points will be awarded on a tiered basis: 80,000 bonus points when you spend $1,000 in the first 60 days, plus 20,000 bonus points when you keep your card open for over 12 months.

Financial Credit Card Reward Points VISA

5 Mar

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closed Comments

beigehornet on 20/01/2024 - 13:36

+1

issue with all of these is the min amount you can get is 6k… i see what they are doing
- Qroozn on 20/01/2024 - 13:55
  
  +12
  
  The issue I see is that you have to pay the annual fee TWICE to get all the bonus points
  - KangaDrew on 20/01/2024 - 14:03
    
    Good catch!!!
  - cook99 on 20/01/2024 - 14:14
    
    +7
    
    Yeah nobody should chase the 2nd part of the bonus points, the undiscounted 2nd annual fee ($195) isn't worth a measly 20k more:
    
    80,000 bonus points when you spend $1,000 on everyday purchases in the first 60 days (credited to your points balance within three months of meeting the spend criteria) and 20,000 bonus points after 12 months (credited to your points balance within the 13th month).
Javin on 20/01/2024 - 13:48

Can i get this offer if i have clsed NAB rewards card in last 6 months ?
- npnp on 20/01/2024 - 14:14
  
  Would like to know this too.
- foxes28 on 20/01/2024 - 14:16
  
  +7
  
  This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card or NAB Home Loan in the 18 months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card.
- cook99 on 20/01/2024 - 14:16
  
  +3
  
  Nope:
  
  This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card or NAB Home Loan in the 18 months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card. Offers are not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.
  
  EDIT: Beaten by 21 seconds!
  - thomalfa on 23/01/2024 - 03:04
    
    Does owning the qff nab card, and applying this card, will forfeit the bonus points?
    - Brick50 on 23/01/2024 - 15:15
      
      Also wondering this, in the last 12mo I have had NAB qantas card and NAB velocity card. Got both of those bonus points, because this is NAB reward points maybe I am also eligible for this?
      - thomalfa on 24/01/2024 - 09:17
        
        @Brick50: I knew ANZ would have no issue while owning both qff reward and std reward at the same time while receiving both bonuses… But not sure about nab
- anam on 22/01/2024 - 09:17
  
  Related, would like to know if this offer is available for those with Citibank credit card (since Citibank AU is with NAB)?
Steven Reece Lewis on 20/01/2024 - 14:13

So the 81640 points become $400 in Amazon gift vouchers
- cook99 on 20/01/2024 - 14:19
  
  +1
  
  Don't think so.
  
  $305 of profit after meeting spend requirements
  + $350 Woolworths gift cards
  - $45 annual fee
  
  Check out this site for better profits than this deal.
  https://www.rwrds.com.au/
  - Roxxen on 21/01/2024 - 08:48
    
    +1
    
    That's a cool site, thanks.
- foxes28 on 20/01/2024 - 15:20
  
  Yep! That’s right. Need to spend extra $640 on top of the min spend requirement to get the 80k points
  - Hanzhao on 06/02/2024 - 13:52
    
    why 640 extra?
    - foxes28 on 06/02/2024 - 16:52
      
      $100 gift card = 20,410 NAB rewards points
Jcruzi on 20/01/2024 - 14:20

Is this good? https://www.nab.com.au/personal/credit-cards/offers/rewards-…
- cook99 on 20/01/2024 - 14:22
  
  It's better than OP deal for sure,
  
  $455 of profit after meeting spend requirements
  + $600 Woolworths gift cards
  - $145 annual fee
  
  OP deal is $305 profit.
  - Pufff on 20/01/2024 - 14:52
    
    +1
    
    3x more spend though so it depends.
    - cook99 on 20/01/2024 - 15:06
      
      Fair callout!
      I always go for best profit even if extra spend required
      - CheapskateQueen on 02/02/2024 - 07:06
        
        @cook99: you have to keep your card open for more than 12 months to get the full points which means 2 years of annual fees
  - Callandor on 20/01/2024 - 16:03
    
    Sorry mate, where are you seeing the $600 woolies gift cards, that sounds amazing.
    - cook99 on 20/01/2024 - 16:16
      
      +1
      
      Check out this site
      
      https://www.rwrds.com.au/
- foxes28 on 20/01/2024 - 15:44
  
  +3
  
  Depends on your circumstances. I personally prefer smaller spending requirement due to better ROI and also it means I can spend the extra $$ on a different CC promo.
  - cook99 on 20/01/2024 - 16:16
    
    +1
    
    Absolutely, everyone different, my spend easily covers the bigger ones so ROI for me is solely Annual Fee divided by Points received (and conversation rate of points)
kokoikaka on 20/01/2024 - 14:52

+3

For everyone information, existing NAB customers have another offer for this card. You can see this via the banking portal or in-apps

Total 120,000 bonus NAB Rewards Points

90,000 bonus points when you spend $1,000 on everyday purchases within the first 60 days of account opening and 30,000 bonus points when you keep your card for over 12 months. That’s enough for $580 in gift cards.

Reduced annual card fee (from $195 to $95) for the life of the card.

Strange that new customer offer seems better than this one as the annual fee is much lower. Noted that NAB don’t do refund on fee anymore
- welcomewagon on 20/01/2024 - 16:12
  
  Does holding a NAB credit card in the past 18 months disqualify you for this offer?
  - kokoikaka on 20/01/2024 - 16:17
    
    yes the cool off period still applies
    - epicttiimm on 20/01/2024 - 16:23
      
      It doesn’t say anything for me. Just to meet the minimum spend.
- Craicdealer on 20/01/2024 - 23:02
  
  +2
  
  Thanks for this but double fee for 10k more is probably not worth it in year 1.
Marcsie on 20/01/2024 - 15:17

Does it come with the free International Travel Insurance ?
- cook99 on 20/01/2024 - 15:19
  
  +2
  
  Complimentary insurances
  Access to complimentary insurances including international travel insurance.View Disclaimer4
  - Marcsie on 20/01/2024 - 15:23
    
    Thank you :)
Empharand on 20/01/2024 - 15:21

Dumb question from someone that has never opted for a Credit Card before, does paying a VicRoads yearly rego (via Card Payment) count towards the $1000 minimum or is there some sort of catch (eg. Only applies to in-store purchases, only applies to purchases using Tap & Pay)?

And lastly, if you meet the requirements for the 90 Day spend, get your NAB Rewards Points, Convert them to Cashback or Gift Card(s) and then close the account (with a nil balance, obviously), will that incur any sort of fee or consequence (eg. a massive hit to your Credit Score).
- cook99 on 20/01/2024 - 15:30
  
  +1
  
  It varies between providers, I've had best luck paying these sorts of bills at AusPost using cards
  
  No hidden consequences, your score may take a hit on application, but in all my years churning 5-6 a year, my score has remained Excellent.
  The rules changed on scores a few years ago and they are not nearly as punitive any more.
  - cski on 02/02/2024 - 08:56
    
    +1
    
    Auspost stores in my area refuse to allow people to pay bills with disposable visa Mastercard and eftpos
- Sim69 on 20/01/2024 - 15:37
  
  +2
  
  Online purchases count, but often government (and sometimes semi-government) purchases don't.
  
  The hit to your credit score is generally from the credit enquiry when you apply for the card, not when you close it.
  - Empharand on 20/01/2024 - 15:41
    
    Is there a way to know if this offer supports government related payments (via Online Card payment, or via Australia Post)?
    I assume that clause is deeply hidden in their NAB Product Disclaimer
    - Sim69 on 20/01/2024 - 16:20
      
      +1
      
      It doesn't, see page 4. Note that they don't define if VicRoads is Government or Semi-Government however.
      - Empharand on 20/01/2024 - 20:19
        
        +1
        
        @Sim69: Damn that sucks, paying my rego with it would have got me approx 70% of the way there. Oh well…
        
        Thanks for looking into that Sim69 :)
        
        roberto7 on 21/01/2024 - 02:11
        
        +1
        
        @Empharand: Use Sniip to sort that one out, it's worth the surcharge. Been down that road many times myself with other similar bills
        
        Empharand on 21/01/2024 - 14:57
        
        @roberto7: Thanks for the suggestion. I'm looking into Sniip but I'm still a little confused, is this to get around NAB detecting the money being paid to a 'Government' entity and the payment appears as a 'Sniip' payment instead of 'VicRoads' (or another government entity) in the transactions list with NAB?
        
        Can you please give me a quick run-down of how it would work in my case (Paying a Vicroads rego, to try and get the NAB points)?
        
        roberto7 on 21/01/2024 - 20:45
        
        +1
        
        @Empharand: I'm not an expert on this and haven't the time to research & compile a summary… probably Google is your friend as you get to explore all the angles you need. All the best
        
        Empharand on 22/01/2024 - 01:35
        
        @roberto7: All good 😊
        I did some further research after my last comment, I think my theory is correct in that you pay Sniip and Sniip deducts the payment from NAB and also pays the bill, whether or not it appears as 'Sniip' on the NAB transaction list I'm not sure.
        
        I reached out to their Customer Service email to see if they accept Car Registration payments, I'll report back once I hear back.
        
        timhn on 22/01/2024 - 08:22
        
        @Empharand: Sniip would pay any billers with either Bpay or BSB&account - with some restrictions to gambling, charitable companies, etc.
        
        Empharand on 22/01/2024 - 15:48
        
        @timhn: Yeah I received a reply from Sniip earlier, they do support Registration Payments. I wasn't sure as it wasn't on their list of 'What bills can I pay'
        
        cski on 02/02/2024 - 09:01
        
        @Empharand: Sniip is mainly to allow you to make payments to places that don't accept your card.
        The biller needs to give you an invoice with a bsb and account number clearly shown,
        Our the biller must support bpay
        
        They charge a % fee per payment so amex that hardly many billers seem to take is what i use sniip for.
        
        Vicroads and my isp do not support bpay nor offer back bsb payments therefore cannot use sniip with those.
        
        Sniip with ato they double the fee because it is classed as business to business transaction
        
        cski on 02/02/2024 - 09:03
        
        +2
        
        @Empharand: You can also use zip.co generate single use card to pay rego , then nab to pay zip repayments
- foxes28 on 20/01/2024 - 15:55
  
  https://www.nab.com.au/content/dam/nabrwd/documents/terms-an…
  
  See page 4. I've heard mixed stories though. If you don't want to risk it, buy Coles MC gift card or anything similar to pay your rego.
- epicttiimm on 20/01/2024 - 16:22
  
  Pay with Zip, pay off zip with Cc
  - Empharand on 22/01/2024 - 01:33
    
    I don't know if that would work as I think that's considered a 'Cash Advance'
    
    cash advances (which include bills paid over the counter at a bank, financial institution or post office, and the purchase of travellers cheques);
    - BellaWii on 22/01/2024 - 08:14
      
      +1
      
      I also use Zip to pay for rego, sydney water, Council rates and school fees. You then pay Zip with your credit card and earn the points.
Jimothy Wongingtons on 20/01/2024 - 15:32

-1

Still waiting for bonus points from that other deal, been 3 business since hitting min spend days now getting a bit worried…
- foxes28 on 20/01/2024 - 15:49
  
  Have all the transactions settled? From memory I got mine within a week
  - Jimothy Wongingtons on 20/01/2024 - 15:54
    
    I had a transaction for 1200 in 1 go and yeah settled. The standard 1200 has been assigned (and will probably auto convert to velocity)
foxes28 on 20/01/2024 - 15:37

+4

Sorry but I think the other promo with Velocity is still better. Sure you pay $50 extra for AF but the extra 40k NAB rewards points itself worth at least $150 gift card.

not required to auto transfer to velocity points

This isn't true either, they didn't even ask you to provide your Velocity detail during application. In my case, I met the spending requirements within few weeks, got the bonus points and then later they sent me a reminder to provide them with Velocity number. And it's still not compulsory.
- plain_biscuit on 20/01/2024 - 16:28
  
  And it's still not compulsory.
  
  Thanks for the info. Good to know you can save up points for promotion like this https://www.ozbargain.com.au/node/808924
  
  $50 extra for AF
  
  Yeah, I guess I was comparing
  
  $49 AF -> 80k NAB rewards points
  $50 AF extra -> 40k NAB rewards points (half of the above rewards points, plus $1 extra)
  
  If one is getting his/her credit score hit anyway, maybe it's worth that extra $50?
  - foxes28 on 20/01/2024 - 17:14
    
    +1
    
    If one is getting his/her credit score hit anyway, maybe it's worth that extra $50?
    
    I would say yes. Given the same spending requirement, that Velocity promo would actually give you more at the end.
- JohnHowardsEyebrows on 20/01/2024 - 18:11
  
  Yeah, I managed to transfer most of my NAB points (120k) to Flybuys at 1:1, as the deal made it ineligible for the 20% bonus points. Now waiting for Flybuys to announce a Velocity transfer bonus.
us3rnam3tak3n on 20/01/2024 - 15:59

https://tenor.com/en-AU/view/ken-jeong-community-too-small-t…

The image. I thought it was a micro SD deal.
Drakesy on 20/01/2024 - 17:04

+1

I'd take the mentioned one for the extra $50 AF
(equivalent to 120,000 points)
- Brick50 on 23/01/2024 - 15:17
  
  Can anyone confirm that you definitely aren't eligible for both? I already had that deal
sakata2234 on 20/01/2024 - 17:20

Minimum income mentioned anywhere? Any chance of getting approved being a pensioner?
- timhn on 20/01/2024 - 17:42
  
  Minimum credit limit is $6K so I guess income requirements at least $30K annually.
sydflyer on 20/01/2024 - 22:17

a dumb question: many cards will give additional bonus points if holding the card for 12 months, if doing so how to avoid being charged with full annual fee for the next year?
- shift6 on 20/01/2024 - 23:29
  
  +3
  
  I expect most people chasing points will forgo the incremental bonus when holding for more than 12months, and will instead close the credit card much earlier. The full annual fee is not worth it.
- timhn on 21/01/2024 - 08:52
  
  +2
  
  Get the bonus points, cancel the card and move on to the next promo. In next ~12 months, you can reapply this similar deal and get much more points than staying with the same card for a mediocre bonus for being loyal.
danpier65 on 21/01/2024 - 11:07

Have a question, does frequently changing credit card affect your credit score? As banka seeing you not profitable?
- shift6 on 21/01/2024 - 12:07
  
  +1
  
  'Changing' credit cards involves triggering credit enquiries which can lower your score, especially if these enquiries are within a short amount of time. You can monitor these fluctuations with companies like Creditsavvy (The score number imo, is not particularly useful).
  
  Being able to make revenue from a customer (whether through annual fee, interchange fees, or other products) might be one part of it, but the bank will also be considering the applicant's overall risk profile.
- pakkapie on 21/01/2024 - 12:37
  
  Not in my experience, just ensure you pay it off in full monthly. I churn 3-4 times per year and rate excellent.
- danpier65 on 21/01/2024 - 12:38
  
  That's because someon got rejected for home loan because too often changes, thought this might be the case as it reduces the credit score
  - timhn on 21/01/2024 - 15:12
    
    +1
    
    If you are not about to get a home loan in the next 12 months then have nothing to worry. Already on my 7th card right after Xmas last year. My cc score fluctuated between 695-750 and I don't really worry if it going down as long I got my cc approved. No mortgage or any personal loan.
sarge_017 on 21/01/2024 - 20:59

Anyone know if you have to link Velocity to get the NAB points? Reached the minimum spend and no points yet.
- timhn on 22/01/2024 - 08:14
  
  Didn’t you put your Velocity number during the application? Call them up to double check.
  
  Few years back, most Ozbargainers (me included) have to call them to get the Qantas ff number set correctly in cc account. Apparently, during the application process, somehow the Qantas ff number didn’t get saved to the application.
Peck on 29/01/2024 - 13:34

Approval was fast, but snail mail for physical card very sluggish!
I loaded the electronic card onto my mobile wallet. Is there any way that I can get the full card details for online purchases before it arrives?
Navigator87 on 29/01/2024 - 16:37

Is a person eligible for the NAB rewards CC bonus having held the NAB Qantas Signature card within the past 18 months ??
I know ANZ have separate FF and Rewards cards which don't effect each others eligibility. How about NAB?
tunzafun001 on 02/02/2024 - 16:13

Westpac deal is better - $0 annual fee if a member (if you held and cancelled a card once upon a time..your login will still work)
b00tyman on 05/02/2024 - 13:30

I notice NAB's policy is now 18months not 12months for previous card holders. IS this the case?
And is this the trend for banks now and trheir new policy. 18months is a long time!
- timhn on 05/02/2024 - 18:26
  
  I think the rule has been like that since last 2 years.
markis on 06/02/2024 - 11:56

The approval process has gone on for nearly a fortnight. Very odd, might be Ozbargained?
Autonomic on 23/02/2024 - 12:22

+3

https://www.ozbargain.com.au/node/820345

This deal is back on FYI. 120,000 (60k velocity) for $95. 40k NAB rewards points = $200 (apparently) so it's definitely worth the increased fee.
- s0805 on 01/03/2024 - 12:12
  
  3k spend over 60 days may be stretch for myself. can you buy online gift cards using paypal to calculate towards 3k. like coles Mastercard deals. etc…
  - Autonomic on 01/03/2024 - 12:21
    
    -1
    
    Yes you can. As long as the credit card is linked to your PayPal obviously.
Peck on 29/02/2024 - 20:43

80,000 points arrived very quickly, and most of my spend was on deals on gift cards. I will try to accumulate 100,240 points for 2 x $250 Aldi gift cards, as I already buy Colesworth GC's at a discount. Using points for NAB cashback is very unattractive (equates 62,500 for $250 cashback).
- s0805 on 01/03/2024 - 11:32
  
  @Peck, I am thinking of joining them as well. I am on wealth package so will get away with annual fee. where can i check what NAB points worth to how much gift card $$. As like you, i may as well buy ALDI gift cards if turns out better than others.
  - s0805 on 01/03/2024 - 12:08
    
    found it. all good
  - Peck on 01/03/2024 - 12:14
    
    https://rewards.nab.com.au/en/home.html
    To redeem points login to the NAB account, click on 'Cards' and then click on the picture of your card.
    Generally the gift cards are 10210 points for $50, 20410 points for $100, & 51020 points for $250. Most are egift cards. For Aldi they only have $250 GC's and they are 'physical'.
    If you already bank with NAB then you don't need to go through the ID hassle like you do when applying for other credit cards.

This was posted 11 months 2 days ago, and might be an out-dated deal.

NAB Rewards Platinum Credit Card: 80,000 NAB Rewards Points with $1,000 Spend in 60 Days, $45 Annual Fee @ NAB

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