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Make 1 Purchase & 2 Bill Payments with NAB Now Pay Later within 30 Days of Signup, Get up to $70 Cash Back @ NAB

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I believe there is a targeted $70 cashback, however there is also a $60 cashback for new customers based on the public link I believe.

NAB Now Pay Later offers an effortless way to manage your bills and budget.

Simply use it to spread out your expenses – from things like energy bills, insurances and car rego to phone and streaming services. Plus, for a limited time there’s a special $70 cashback* offer just for you.

Your exclusive offer

Get $20 cashback

When you open a new NAB Now Pay Later account and make any one purchase

Earn an extra $50

When you pay two eligible bills within 30 days of opening your account*

That’s it

You’ll be credited within 60 days of the offer ending

*$70 cashback offer

Offer Period commences on 30 May 2024 and ends 25 July 2024.

To be eligible for the $20 cashback, you must spend on any one transaction in the first 30 days of opening your NAB Now Pay Later account.

To earn an additional $50 cashback, you must pay for a further two eligible household or personal bills using your NAB Now Pay Later card within the first 30 days of opening your NAB Now Pay Later account.

Transactions must occur before the end of the offer period and be settled by 8 August 2024 (by the merchant) to be included in the cashback credit.

Eligible household and personal bills include transactions with the following designated merchant codes:

• MCC 4900 – Utility bills for electricity, gas, water
• MCC 4814 – Mobile phone and device plan charges with telecommunication companies including but not limited to Telstra, Optus, Vodafone
• MCC 4899 – Pay television and streaming services including but not limited to Netflix, Stan, Disney+
• MCC 6300 – Insurance premiums such as car insurance, home insurance, health insurance
• MCC 9399 – Government services such council rates and car registration

NAB is not responsible for designating MCCs and has no control over how MCC codes are designated. This is determined by the merchant. You acknowledge and agree that we are not responsible for providing you with any advice on whether a purchase made is/will be with an Eligible Merchant and/or regarding MCC codes.

The cashback will be credited to the NAB Now Pay Later account within 60 days of the end of the Offer Period. This will appear as “NAB Now Pay Later Sweep”. Please note that the cashback will appear as a separate line item on your internet banking as “NNPL Cashback”. Maximum $70 cashback per account holder.

This offer is only available to the customer to whom the electronic communication was addressed and is subject to your NAB Now Pay Later account being open for the duration of the Offer Period.

Related Stores

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

closed Comments

  • is there credit check?

    • -3

      what would you expect?
      Offer above does not show interest.

    • When I put my application in, the app indicated there was.

    • Don't most if not all BNPL have credit checks?

      • Not all, in the past quite a few had no credit checks. Beat the rush, there may still be time to get a BNPL or a credit increase to your existing BNPL before new rules apply.

        • +1

          Even with no credit check some lenders will ask you on application if you have BNPL debt.

          • +1

            @Pufff: Yup which is forced by big banks for it. My friend was forced to close all his bnpl account that he don't even use because it will impact his loan.

            • @Letrico: So if you're looking to refinance, just close those BNPL accounts?

  • So technically you just need to make 2 bill payments with like $1-$2 and this will also satisfy the requirement of 1 transaction for the $10/$20 cashback as well.

    • No it says 2 further bills after the first.

      • It depends.

        The standard $10 offer lacks the qualification 'further':

        The offer period commences on 30 May 2024 and ends on 25 July 2024. To be eligible for the $10 cashback, you must spend on any one transaction in the first 30 days of opening your NAB Now Pay Later account. To earn an additional $50 cashback, you must pay for two eligible household or personal bills using your NAB Now Pay Later card within the first 30 days of opening your NAB Now Pay Later account.

        • I still read that as 1 for $10 then 2 for $50 but that could just be me I don't own NAB.

      • There is no such thing as "further" in T&C

    • They say spend and seem to differentiate spending from paying bills. My read is that you must buy something to qualify for the $10.00 or $20.00 cash back and then pay two (2) bills to qualify for the additional $50.00 cashback.

  • +1

    I like how big banks are forcing other BNPL to close down by forcing crazy regulation on it to treat it like credit card and double down on fearmongering your credit score while they jump in on it.

    • Good, BNPL should never have existed.

      • +2

        Technically bnpl already existed, credit card lol.

        In Japan, you can make all credit card purchases into split payments.

        We are just slow in catching up…

  • worth noting you most likely have to keep this account open for up to 60 days after the first month to get the full cash back, as it’s only credited back to this account

  • Do you need to have a NAB transaction account in order to open one of these accounts?

    • I assume you do as the amount you can BNPL is based on your transaction account balance.

  • So there is no minimum spend on the first transaction to get the cashback? Woolies $1 will do?

  • No issues with paying for all the transactions early and still receiving the cashback?

  • FYI I got the email, applied, and then got rejected for this on 26 June and it appeared on my credit report this week.
    Probably because I've churned two nab cc and one suncorp cc since March.
    However on 16 July I applied for Westpac altitude platinum and got approved yesterday without issue.

  • Hey guys, I did something really silly. I paid a bill first rather than spending. Does that T&C indicate that the first transaction is counted for the $10 or $20 cashback regardless of what type of transaction it is(either spending or bill), and only the 2 subsequent bill transactions after the first transaction shall be counted for the extra $50 cashback?

    I should have paid that bill as the second transaction to avoid this ambiguity.
    Sometimes these T&Cs are just written without thorough consideration.

    • The problem is that I don't have too many bills to pay at the moment, only option is to pay for some subscriptions like Netflix or Disney.

  • Have anyone received their cashback yet ?

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