NAB Velocity Gold – Details & Application
What happens when I click Apply Now?
- Clicking Apply will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
- Your application will typically take you no more than 10-15 minutes to complete
- Once approved, you will receive your credit card in the mail within 1-2 weeks
The NAB Velocity Gold Card is a unique premium credit card that offers card holders great rewards through the Velocity Rewards program. In addition, this credit card offer comes with low annual fees and competitive interest rates.
Understanding the NAB Velocity Gold Card will be much easier after you have read our overview of this handy credit card. Once you do, you can make the most out of your rewards with targeted spending and points redemption.
The NAB Velocity Gold Card is a unique credit card that is available to Australian consumers. This card offers an exclusive blend of features. Not only does the NAB Velocity Gold Card offer a great rewards program, it also comes with low fees and a very competitive annual interest rate.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
4.99% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
19.99% p.a. |
| Annual Fee | |
$150 |
| Interest Free Period | |
up to 44 days |
| Cash Advance Rate | |
21.74% p.a. |
| Card Type | |
Gold |
| Minimum Income Requirement | |
$50,000 p.a. |
| Credit Card Type | |
American Express/Visa |
| Rewards Program | |
Yes |
| Additional Cardholder Fee | |
$0 p.a. |
Details of the NAB Velocity Gold Card offer
The National Australia Bank is one of the four largest financial institutions in Australia. The NAB Velocity Gold Card is widely accepted as a premium credit card and consumers who happen to own one of these little beauties can enjoy a wide range of rewards as you’ll learn in this review.
When you make an application for a NAB Velocity Gold Card you will receive two different cards – the NAB Velocity Gold Visa Card and the NAB Velocity Gold American Express Card. Both cards have a single monthly fee and a single credit card statement. They also have a single annual fee. Additional card holders can also enrol for free.
You can collect Velocity points on these cards – there’s no expiry date for the points and you can redeem them any time. Additional card holders can also enrol without any fees.
Features of the he NAB Velocity Gold Card
- Purchase interest rates of only 19.99% p.a.
- Purchases made using this card are interest free for up to 44 days
- The late payment fee is $30
- Annual card fee is $150
- There is an additional over-limit fee of $25
- The cash advance fee is 21.74% p.a.
- The Foreign Exchange Margin is 2.5%
- The duplicate statement fee is $7
- There is no establishment fee
You can use the Internet to sign up for a NAB Velocity Gold Card or visit a local bank branch. With every purchase made using this card, you will be eligible to earn Velocity points. These points can then be redeemed for a range of rewards. There is no expiry date on Velocity points, and you can redeem them at any time.
The NAB Velocity Gold Credit Card Rewards program is unique and offers a wide range of rewards. Any points that you earn from your NAB Velocity Card purchases are automatically credited to your Velocity Rewards Account. These points can be redeemed for a range of Velocity Rewards.
Consumers using the NAB Velocity Gold Card enjoy a wide range of rewards and security features. For example, when you fly abroad with any Velocity Partner Airline, you can obtain better seats. The Velocity Domestic Airline Partner is Virgin Australia, and the International Airline Partners are Virgin Atlantic, Pacific Blue and Polynesian Blue. Card holders also enjoy a range of special benefits when they need emergency travel services. Card holders can also obtain NAB Gold Overseas Travel Insurance as well as Purchase Protection Insurance.
Airline points are earned automatically with purchases. Customers earn 1 point per dollar spent using the American Express Card, and 0.5 points per dollar spent using the Visa card.
At the moment, NAB offers a special promotional offer of 4.99% p.a. for 6 months interest on all balance transfers. This is the perfect time for you to take charge of your credit card debt and start the next year hopefully debt free.
You can sign up for the NAB Velocity Gold Card online. With every purchase that you make using this card, you will earn rewards points which you can redeem.
The NAB Velocity Gold Card offers consumers the best of both worlds: low interest rates and competitive fees, along with a comprehensive rewards program.
Read the NAB Velocity Gold Card terms and conditions.
| Minimum Income | $50,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit | $5,000 | |
| Max Credit Limit | $50,000 |
| Annual Fee | $150 p.a. | |
|---|---|---|
| Minimum Repayment | 2.50% | |
| Interest Charged From | Purchase Date | |
| Late Payment Fee | $5.00 | |
| Over Limit Fee | $0 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4.00 | |
| Gambling Transactions Allowed | No | |
| Gambling Transactions Interest Rate | 0.00% |
| Rewards Points per Dollar | AMEX:1 VISA:0.5 Point(s) | |
|---|---|---|
| Points needed for Syd/Mel Return Flight | 14000 | |
| Points needed for $100 Voucher | 13500 |
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