• long running

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

420

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)

Related Stores

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

Comments

  • 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).

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

      Scummy banks taking away our benefits.

    • Fixed by a mod now.

      • +1

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

  • +3

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

    • Did you call? Try emailing [email protected]

      • 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.

        • +1

          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.

        • -1

          Unlikely story imo

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

    • +2

      Mine approved in 2 days.

      • Mine approved in 60 secs

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

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

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

      • +1

        Can they remove credit check if they cancel application

  • 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

    • +1

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

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

    • 102k is $500

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

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

  • +4

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

  • 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.

Login or Join to leave a comment