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NAB Rewards Platinum Credit Card: 80,000 NAB Rewards Points with $1000 Spend in 60 Days, $45 1st Year Fee (New Customers Only)

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NAB Rewards Platinum Credit Card: 80,000 NAB Rewards Points with $1000 Spend in 60 Days, $45 1st Year Fee (New Customers Only)
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soan papdi on 06/02/2025 - 20:30 nab.com.au (2812 clicks)
Last edited 06/02/2025 - 20:47 by 1 other user

80K NAB rewards points equates to 40K Velocity but annual fee is $45 in the first year. Never seen it this low before. It is very similar to this earlier deal giving 60K Velocity for $95 AF in the first year. Conditions are the same as always, to spend $1000 in 60 days and 18 month exclusion for prior customers. I don't believe Qantas card customers are blocked from applying as it is a different product.

Summary:

  • first year for $45 giving 80K NAB Rewards (equals 40K Velocity)
  • second year for $195 giving 20K NAB Rewards (equals 10K velocity)
Financial Credit Card Reward Points VISA

Related Stores

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

Comments

  • ragrum on 06/02/2025 - 20:39

    Unless I'm reading the site wrong, the deal should be for 80k points with a $45 fee, or 100k points with a $240 fee (because you need to hold the card for over 12 months to get the full 100k).

    • Drakesy on 06/02/2025 - 20:41
      +1

      Yeah i'd say that's the correct way of putting it.
      More applicable to churners.

      Scummy banks taking away our benefits.

    • ragrum on 06/02/2025 - 20:56

      Fixed by a mod now.

      • soan papdi on 06/02/2025 - 20:59
        +2

        Yep. I had made a mistake. It’s 80k in the first year

  • q9707418 on 06/02/2025 - 21:02
    +5

    Waiting nearly 3 months now for them to approve a credit card. NAB are hopeless.

    • soan papdi on 06/02/2025 - 21:06

      Did you call? Try emailing [email protected]

      • q9707418 on 06/02/2025 - 21:21
        +1

        Yep. Emailed. Online chat. Rang 3 times. Just keep getting told they've left a message for the original 'case officer', and they will be in contact shortly.

        • DingoBlue on 06/02/2025 - 22:19
          +4

          It’s weird that banks spend so much on mortgage and credit card marketing and offers to desperately pull you in but when you apply they treat you like trash and really really don’t want your business.

        • 4foxache on 06/02/2025 - 22:21
          -3

          Unlikely story imo

          • Spendmore on 06/02/2025 - 22:24
            +1

            @4foxache: Took me 2 days all up without rushing, had to front the bank to finalise it though.

        • peter on 07/02/2025 - 12:43
          +2

          You should be grateful you're getting the personal attention of a 'case officer', when I apply it's a case of some algorithm accepting or rejecting in 60 seconds with no right of appeal.

    • asmith84 on 06/02/2025 - 21:17
      +3

      Mine approved in 2 days.

      • happychappy1 on 06/02/2025 - 21:28
        +1

        Mine approved in 60 secs

        • northshore on 06/02/2025 - 22:21
          +3

          Same here. Been approved instantly as an existing customer via online application while signed in.
          Quite pleased with their application process vs. other banks.

      • Caped Baldy on 06/02/2025 - 23:37
        +1

        Mine's taken a couple weeks for a new customer but I took a while to get the documents approved. Card came quick too.

    • drhip on 06/02/2025 - 21:42
      +2

      I had the same experience. So angry that I asked them to just cancel my application. Madness

      • easternculture on 06/02/2025 - 21:54
        +3

        Can they remove credit check if they cancel application

  • mkowarkski on 06/02/2025 - 21:08

    I paid $95 annual fee for first year in 2022
    Anyway, I like NAB compared to other banks
    They have additional bonus points and interesting campaigns

    • pressPlay on 06/02/2025 - 21:33
      +3

      Plus their online experience is in a different league compared to some other banks eg HSBC (PayID? what's that?).

  • doodlejones on 06/02/2025 - 21:50

    Can anyone confirm 80,000 reward points conversion in gift cards?

    • chris666 on 06/02/2025 - 21:56

      102k is $500

      • linkser on 06/02/2025 - 22:21

        They also had occasionally 5-10% off on certain gift cards, got some airbnb gcs for a good rate last year.

        • Spendmore on 06/02/2025 - 22:25

          They have $20 cashback on $100 or more spend at special gift cards.

          • linkser on 07/02/2025 - 08:17
            +1

            @Spendmore: Yep, this is part of the Goodies, also works just with the normal debit card.

            • Spendmore on 07/02/2025 - 08:33

              @linkser: Thats interesting, Is the normal debit a visa?

  • caustic birch on 06/02/2025 - 22:28
    +8

    Going to need more than 40k velocity after having served my 18 months penance

  • Save-Earn on 06/02/2025 - 22:39

    Redeem for cashback
    Redeem 12,500 NAB Rewards Points for $50 cashback directly into your NAB bank account or NAB Rewards card.

    Redeem for gift cards
    Redeem for gift cards from a range of popular brands including Coles, Woolworths, Bunnings, JB HiFi and more.

    • oldrocker on 07/02/2025 - 11:34
      +1

      So 80K points convert to $320 cash? Is this correct?

      • borgainerz on 07/02/2025 - 15:07

        I came up with the same result

  • sunyuanxin on 07/02/2025 - 07:48

    Does anyone know why the NAB Rewards Signature Card sign-up bonus points deal has stopped? When will it be available again?

    • WwDesi on 07/02/2025 - 13:26

      Call NAB and ask

  • luke2177 on 07/02/2025 - 08:25

    Thanks for the post. Could I please confirm whether this means you can have the card for, let's say 22 months and then cancel, and only pay a $45 annual fee? Or does the second year annual fee have to be paid immediately after the 12 months? Thank you :-)

    • soan papdi on 07/02/2025 - 08:45
      +1

      First year's annual fee will be charged in the first month. Second year's annual fee will be charged in the 13th month.

      • luke2177 on 07/02/2025 - 09:34
        +2

        Thank you very much - that makes a lot of sense.

  • kungfuman on 07/02/2025 - 08:47
    -3

    its good but not enough points there are better deals out there that will give you higher points I recommend going to this site https://www.pointhacks.com.au/credit-cards/ followed up by this site. https://www.rwrds.com.au/frequent-flyer/velocity this is how you get into the real point hacking :D

  • Hunt is On on 07/02/2025 - 10:21

    Reduced fee is 95 for existing NAB customer with 90k points in year 1. For new custosers fee is $45 with 80k points.

  • BatmanAU on 07/02/2025 - 13:00

    Can you use this one to pay off a Tax debt and get the points. I know the NAB Business card does, but nothing on this one.

  • WwDesi on 07/02/2025 - 13:27

    Sorry to ask how much is 80,000 NAB Rewards Points in gift card value

  • csaiki on 07/02/2025 - 14:45

    I had a qantas nab card. Is the 18 months waiting period also applicable for this one as well?

  • SoTrueBabyBoy on 07/02/2025 - 14:52

    Does anyone know if buying gift cards through a rewards portal (e.g. Rewards Gateway, Perkbox, etc.) are eligible to go towards the bonus Nab Rewards Points/earn Nab Rewards points? I have contacted NAB and they weren't too helpful in giving me a definite answer.

    • mkowarkski on 07/02/2025 - 16:21

      They are qualified purchases. They are not governemnt or gambling purchases. So they must be eligible.

  • alamodey on 07/02/2025 - 19:43

    if you cancel before the year is up, can you get annual fee back (pro-rata)?

    • soan papdi on 07/02/2025 - 21:07

      Results are varied. You can try.

  • jrvb42 on 11/02/2025 - 17:14

    Just be aware that NAB is "rewarding" existing customers with an extra 10000 points…. And charging $95 instead of $45 first year fee for the privilege.
    Love having loyalty rewarded….ughh.

    • sghetti on 13/02/2025 - 07:49

      It's not amazing, but the ongoing fee is $95 as well. So if you plan to hold a card for over 12 months (I plan to do this with this card in particular) then it's a relatively low annual fee with 90k points in the first year and 30k points in the 2nd year for $190.

      I opened this and an ANZ rewards card at the exact same time. I plan to use the ANZ card throughout the first year as my primary card, then just before the 2nd annual fee kicks in at ANZ, switch over to this NAB card and cancel the ANZ card. I've hit the spending criteria on both cards for the first year.

      EDIT: Overall, the existing customer bonus is better value over the 2 years. $240 over 2 years for a new customer with 100k points. $190 over 2 years for an existing customer with 120k points.

  • SaberXLancer on 18/02/2025 - 21:05

    Sorry for the noob question. This is my first time getting the credit card.
    How do I track how much money to go in order to get the bonus points?

    • soan papdi on 18/02/2025 - 21:09

      When you open your NAB app or log on to internet banking, check how much you've spent till date. Within 60 days of card approval, you should have spent $1000 (cleared, not pending). The monday after you hit your target, NAB will add points to your account. The NAB Rewards link is present in your internet banking or from the app. If you want to transfer to something like Flybuys pr Velocity, you can set it up now or after the bonus points have landed.

      • SaberXLancer on 18/02/2025 - 22:39

        Thanks. By the sound of it, it does not have any in-built trackers in the APP. Is it the same for most of the credit card welcome bonus?

        • soan papdi on 20/02/2025 - 09:41

          it does not have any in-built trackers in the APP

          You can see how much you've spent. What more tracking did you need?

      • sghetti on 20/02/2025 - 09:31

        Not sure if it's the Monday after, or perhaps the Monday after the statement period ends? I've reached $1000 (slightly over, excluding the annual fee) for well over a week and haven't been credited the points yet.

  • Lange on 23/02/2025 - 17:06

    I've met required spending on my first cycle and already in the middle of the second cycle but I haven't received my points yet. I have only received my spending points but not bonus points.

    Any idea how long it will take to land on my account?

    • soan papdi on 23/02/2025 - 17:08

      I thought it would have triggered already, best to call NAB and ask

    • sghetti on 24/02/2025 - 10:19

      Points will be awarded on a tiered basis - 90,000 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 30,000 bonus points after 12 months (credited to your points balance within the 13th month). NAB may vary or end this offer at any time.

      This is for the existing customer offer. But the same timeframe is provided for the new customer offer too.

  • jrvb42 on 27/02/2025 - 20:41

    Had anyone been able to determine what exactly qualifies as "everyday purchases"?
    Utility and Comms bills should be ok, but what about rates, insurance, strata, etc?
    I can't find an answer on the NAB web site, but hopefully someone can advise.

    • soan papdi on 27/02/2025 - 21:00
      +1

      Insurance, strata power, gas should be fine. Car rego, water (usually), council rates, govt fines, ATO, etc are not accepted

      https://www.nab.com.au/content/dam/nabrwd/documents/terms-an…

      What transactions don’t earn Points?

      (a) cash advances (which include bills paid over the counter at a bank, financial institution or post office, and the purchase of travellers cheques);
      (b) bank fees, charges and interest (including any GST payable on any of these) applicable to your Rewards Card Account or use of the Card or to NAB Rewards;
      (c) Government fees and charges;
      (d) for a Personal Rewards Card Account, transactions where the Card is used to make payments to the Australian Taxation Office (ATO);
      (e) balance transfers, except where Bonus Points may be earned under a special promotion specifically for balance transfers;
      (f) where a Card is used to access linked transaction accounts;
      (g) purchase of foreign exchange or travellers cheques and money orders;
      (h) for a Personal Rewards Card Account, transactions we decide (acting reasonably) are wholly or partly for business purposes;
      (i) any transactions where your NAB Card Account is, or is reasonably believed by us to be, operated fraudulently, except where you reasonably demonstrate that your NAB Card Account was not operated fraudulently;
      (j) unauthorised purchases for which you are not liable;
      (k) for Personal Rewards Card Account, transactions where the Card is used to make purchases through BPAY®;
      (l) transactions for gambling and gaming purposes (examples include purchase of lottery tickets, purchase of gaming chips or tokens and online gambling); or
      (m) transactions described in clause 7.3.

      • jrvb42 on 27/02/2025 - 21:07

        Thanks a lot for that - I'm assuming the same are qualifying purchases for the purpose of getting the sign-up bonus of xx,000 NAB Rewards points spending $y dollars in zzz days.

  • taofufa on 27/02/2025 - 22:20

    got a Citi bank credit card, since they got took over by Nab, do I still count as new member ?

    • soan papdi on 27/02/2025 - 22:36
      +1

      Unrelated products. Won’t matter afaik. Can always call and check

    • jrvb42 on 28/02/2025 - 09:34

      You will likely have been given a NAB ID. If so, you're an existing customer. That being the case, you should get $100 off the annual fee ongoing ($95 per year), and a different amount of points (better).

      • shift6 on 01/03/2025 - 14:19

        You will likely have been given a NAB ID

        I don't think this is quite right. That may have been the case for products like Savings accounts and Transaction accounts (e.g. Citibank Plus) which were migrated from the Citi platform to NAB platform. However, Citi credit cards cards have yet to be formally migrated.

  • taofufa on 06/03/2025 - 14:45

    Is this better if we after giftcard ?

    https://www.stgeorge.com.au/personal/credit-cards/rewards/am…

    After fees will will of $450-49 = $401
    while Nab is $320-49 = 271

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