NAB Rewards Signature Card with Velocity: Macquarie Platinum Card
Open now — check the rules below
Available
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
Explore this offer's terms
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →Can I get the card?
You must earn at least $50,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for gift cards. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $149 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $149 each year ($149 annual fee) — the first year was $149.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 1.00x Macquarie points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $149/yr to you.
These points do not buy gift cards on the terms I have.
This offer is open now (terms from 3 Oct 2026).
I cannot do this maths yet. I do not have all the numbers.
Available when packaging with a new or existing Macquarie home loan, or for Business Bank clients. $0 international purchase fees.
Terms and evidence
Full current terms
Offer terms
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
$149
Ongoing Annual Fee
$149
From year 2 onwards
Purchase Interest Rate
20.70% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Offer terms history (2 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 3 Oct 2026
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Discussion
About the current terms (published 3 Oct 2026).
Community and personal tools
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