Status: checked against official sources; automated independent review
Part of NAB Rewards hub · Velocity Frequent Flyer hub
GUIDE
How to use NAB Rewards credit cards
NAB Rewards credit cards are four personal credit cards from National Australia Bank that earn NAB Rewards Points on everyday spending, which can be redeemed for gift cards or transferred to partners including Velocity Frequent Flyer and KrisFlyer. [1] The cards sit in two tiers, offer up to 2.5 NAB Rewards Points per $1, and points expire three years after they are earned. [1]
Facts checked: 18 October 2026
Key takeaways
- NAB Rewards is National Australia Bank's own points programme, with four consumer cards in two tiers. [1]
- The Travel versions carry NAB's highest advertised earn rate at up to 2.5 NAB Rewards Points per $1, while the standard versions earn up to 2 points per $1. [1]
- All four cards have uncapped points earning, and NAB says points expire three years after they are earned. [1]
- Qantas Frequent Flyer is excluded; NAB lists flybuys, Velocity Frequent Flyer, ALL Accor, KrisFlyer and Koru as redemption or transfer options. [1]
- The NAB Rewards Card and Travel Card bonus offers exclude anyone who held a personal NAB Rewards card in the previous 24 months, and the Velocity bonus offers are limited to new cardholders. [1] [3]
Which NAB Rewards card earns the most points?
NAB publishes four consumer NAB Rewards cards in two tiers: the standard cards have a $3,000 minimum credit limit, a $195 annual fee and up to 2 NAB Rewards Points per $1, while the Travel cards have a $6,000 minimum credit limit, a $395 annual fee and up to 2.5 points per $1. [1] [3] The table sets out the headline terms NAB advertises as of 18 October 2026. [1] [3]
| Card | Minimum credit limit | Annual card fee | Points per $1 | Main extras |
|---|---|---|---|---|
| NAB Rewards Card | $3,000 | $195 p.a. | Up to 2 | Complimentary insurances; additional cardholder at no extra cost |
| NAB Rewards Travel Card | $6,000 | $395 p.a. | Up to 2.5 | Fee-free international transactions; lounge access; global eSIM; delayed-flight lounge pass |
| NAB Rewards Card with Velocity | $3,000 | $195 p.a. | Up to 2 | Monthly automatic transfer to Velocity; complimentary insurances |
| NAB Rewards Travel Card with Velocity | $6,000 | $395 p.a. | Up to 2.5 | Fee-free international transactions; lounge access; global eSIM; delayed-flight lounge pass |
All four cards list a 22.49% p.a. variable purchase rate, up to 44 interest-free days and a 0% p.a. balance transfer for 12 months with a 3% fee. [1] [3] NAB says it cannot process balance transfers from certain issuers, and an unpaid balance transfer reverts to the variable cash advance rate. [1] [3]
The two Travel cards add fee-free international transactions, two complimentary airport lounge passes each year at more than 400 lounges worldwide, a complimentary global eSIM plan and a delayed-flight lounge pass. [1] Existing NAB customers can receive a $100 reduction in the annual card fee for the first year, taking the NAB Rewards Card from $195 to $95 and the NAB Rewards Travel Card from $395 to $295, provided they apply through NAB Internet Banking, the NAB app or a banker. [1] [3]
How do you earn NAB Rewards Points?
NAB says there is no cap on the NAB Rewards Points you can earn each month, with the advertised rate reaching up to 2.5 points per $1 on the Travel cards and up to 2 points per $1 on the standard cards. [1] On the Velocity versions, NAB converts 3 NAB Rewards Points into 1 Velocity Point and transfers points automatically to the cardholder's Velocity account each month. [1] To earn Velocity Points, the cardholder must be a Velocity Frequent Flyer member and give NAB their Velocity membership number. [1] NAB also lists automatic monthly redemption to flybuys, Velocity Frequent Flyer and ALL Accor, plus transfers to KrisFlyer and Koru. [1] Qantas Frequent Flyer is excluded from NAB Rewards transfers. [1]
As of 18 October 2026, NAB advertises up to 180,000 bonus NAB Rewards Points on the Travel Card, up to 100,000 on the standard Card, up to 90,000 bonus Velocity Points on the Travel Card with Velocity and up to 80,000 bonus Velocity Points on the Card with Velocity. [1] [3] The offers are split between spending within the first 90 days of account opening and keeping the card for over 12 months. [1] [3] On the NAB Rewards Card and Travel Card offers, bonus points are not available to customers who currently hold, have held or are transferring from any personal NAB Rewards credit card in the last 24 months. [1] [3] The two Velocity bonus offers commenced on 1 October 2026, end upon withdrawal and are available to new cardholders only. [1] [3] See the welcome bonus definition for how these offers are usually described. NAB Rewards.
How do you redeem NAB Rewards Points?
NAB lists gift cards from brands including Coles, Woolworths, Bunnings and JB HiFi, cash back, travel with Webjet, and top-ups to flybuys or Velocity as ways to use NAB Rewards Points. [1] To redeem, cardholders log in to NAB Internet Banking or the NAB app, open Cards, select the NAB Rewards card and choose Redeem points, which opens the NAB Rewards Store. [1] To transfer to airline partners, the same menu runs through Redeem points, Travel and Airline Partner Programs. [1] Automatic monthly redemption to flybuys, Velocity Frequent Flyer or ALL Accor can be set up in the profile in the NAB Rewards Store. [1] NAB states that points expire three years after they were earned. [1] NAB Rewards Points cannot be used to redeem Qantas Points. [1] The Australian card points transfer partners page puts these options in a wider context. Terms.
What rules should you check before applying?
NAB's card eligibility rules require applicants to be 18 or older, receive a regular income, be an Australian resident for tax purposes and meet its citizenship or residency criteria. [3] Visitor, working holiday, student, exchange or gap year, transit, short stay, seasonal and bridging visas are not acceptable, except that a Special Category visa for a New Zealand citizen is acceptable. [3] Approval and credit limits are subject to NAB's credit assessment criteria. [1] [3] Interest, fees, charges and earn rates are subject to change, and minimum monthly repayments are required. [1] [3] NAB may vary or end an offer at any time. [1] [3] The existing-customer annual fee reduction is available only when applying through Internet Banking, the NAB app or a banker. [1] [3] For a broader comparison, see credit cards in Australia.
What are the exceptions and limits?
- Qantas Frequent Flyer is not a transfer destination for NAB Rewards Points. [1]
- The 24-month bonus exclusion applies to the NAB Rewards Card and Travel Card offers, while the Velocity bonuses are limited to new cardholders. [1] [3]
- The existing-customer annual fee reduction requires applying through NAB Internet Banking, the NAB app or a banker. [1] [3]
- Balance transfers cannot be processed from certain issuers. [1] [3]
- Points expire three years after they are earned. [1]
- The Velocity bonus offers commenced on 1 October 2026 and end upon withdrawal. [1] [3]
Frequently asked questions
Do NAB Rewards Points expire?
Yes. NAB says NAB Rewards Points expire three years after they were earned. [1]
Can I transfer NAB Rewards Points to Qantas?
No. NAB says Qantas Frequent Flyer is excluded from NAB Rewards transfers. [1]
Which NAB Rewards card earns the most points?
The two Travel cards carry NAB's highest advertised rate at up to 2.5 NAB Rewards Points per $1, compared with up to 2 points per $1 on the standard cards. [1] The Travel cards also have a higher $6,000 minimum credit limit and $395 annual fee. [1] [3]
Can existing NAB customers get a bonus or fee discount?
The NAB Rewards Card and Travel Card bonus offers exclude anyone who held a personal NAB Rewards credit card in the last 24 months, but existing NAB customers can receive a $100 first-year annual fee reduction on the NAB Rewards Card and Travel Card when applying through the listed NAB channels. [1] [3]
How do I convert NAB Rewards Points to Velocity Points?
NAB converts 3 NAB Rewards Points into 1 Velocity Point and transfers points automatically each month; the cardholder must be a Velocity Frequent Flyer member and provide their membership number. [1]
Sources
Sources checked on 18 October 2026. This guide covers NAB consumer NAB Rewards cards only; NAB business cards, NAB Qantas Rewards cards and other Australian bank programmes are not covered.
- NAB Rewards credit cards, checked 18 October 2026
- NAB credit cards, checked 18 October 2026