NAB Rewards Signature Card with Velocity (Velocity Bonus Offer)
Ended — kept for reference
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.
I'd like to use my bonus for:
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 →What must I spend?
$5,000 within 90 days — about $1,667 per month.
Can I get the card?
The minimum credit limit is $15,000. This is the least the bank may let you borrow.
I do not have a minimum income for this card.
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.
Should I keep it after the first year?
Keeping the card costs $420 each year ($35/month annualised) — the first year was $175.
The year-two bonus is 20,000 Velocity points.
Ongoing earn: 0.75x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $420/yr.
63,750 Velocity points at 1.7¢ a point − $175 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
VFF bonus offer. Activate on VFF portal before applying. +10,000 extra Velocity Points from VFF. Card earns NAB Rewards Points (up to 3/$1), convert to Velocity via Auto Redemption. 80k Velocity Points with Auto Redemption on and $5,000 spend in 90 days + 10k VFF extra. Monthly fee $35 reversed if $5,000+ spend per statement period.
Terms and evidence
Full current terms
Offer terms
First Year Points
60,000 points
Velocity
Second Year Points
20,000 points
Minimum Spend
$5,000
within 90 days (about 3 months)
Ongoing Earn Rate
0.75x points per $1 spent
Fees
Monthly Fee
$35 per month
Equivalent to $420 annually
Purchase Interest Rate
20.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Offer terms history (4 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Changes from terms version 3
Published 16 Mar 2026
Changes from terms version 2
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 these ended terms (published 21 May 2026) — not the current offer.
Community and personal tools
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