NAB Velocity Credit Card Details
Posted February 6th, 2010
and last modified August 9th, 2010
Take advantage of the special bonus Velocity Points available from NAB
NAB are currently running a promotion on the NAB Velocity credit card.
Apply online and make your first eligible purchase before 10 September 2010 to be eligible for:
- Bonus 5,000 Velocity Points on the NAB Velocity Standard Card
- Bonus 10,000 Velocity Points on the NAB Velocity Gold Card
The NAB bank has two Velocity cards on offer – the American Express and the Visa card. Using either of these cards you will collect Velocity points and they can be exchanged for discounts on goods from any of NAB’s shopping partners or you can redeem them for flights, accommodation, car hire, travel or entertainment. A plus for this card is that there is no limit to the number of points you can earn, nor do the points have a used by date.
Additional card holders can be added to either card at no extra cost. The fee of $65.00 covers both cards and is comparable to other similar cards with the standard of reward on offer with these cards. As with most credit cards, a monthly statement is produced and a monthly payment is required.
Competitive interest rate
The interest rate is 19.99% pa. There is an interest free period of up to 44 days on purchases and another feature is the transfer balance interest rate of 4.99% p.a. for 6 months to pay it off.
Earning points
Either card can be used and note should be taken that the American Express card does earn higher Velocity points. Not all points of payment accept American Express and that is why it is good having the option of the Visa card.
Convenience and Security
The NAB card includes internet banking service at all times and also telephone banking. NAB’s security service gives peace of mind because of the VerifiedbyVisa system. This service will verify whether or not the retailer you are dealing with is bona fide or not.
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
|---|---|---|---|---|---|---|---|
|
Gain velocity reward points and redeem for rewards. You gain both an Amex and Visa card which are linked to one single account and annual fee. |
19.99% | 19.99% | 4.99% for 6 months | $65.00 | 44 |   |
|
Gain velocity reward points and redeem for rewards. |
19.99% | 19.99% | 4.99% for 6 months | $150 | 44 | |
Click here to read the official terms and conditions
Related posts:
- NAB Velocity Credit Card Details & Application
- Velocity NAB Credit Card – Details
- Velocity Rewards: Credit Cards That Earn You Velocity Rewards Points
- NAB Velocity Gold – Details & Application
- NAB Velocity Rewards Points Program Credit Cards
- Shop Now, Fly Later With NAB Velocity Standard Card
- American Express – Earn Velocity Rewards Points
Show Comment Form
Editor's Choice: Our Top Credit Cards
HSBC Credit Card
0% for 6 months Balance Transfer & No Annual Fee
Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.
Suncorp Clear Options Standard Visa Card