NAB NAB Rewards Card — Australia
1.25 NAB Rewards Points per AUD 1 up to AUD 5,000 per monthly Rewards Statement Period, then 0.5; plus 0.75 bonus point per AUD 1 on groceries, petrol and public transport (uncapped).
- Annual card + required rewards fees
- A$195.00
- Reward currency
- NAB Rewards Points
- Card type
- Personal credit card
- Mileage route
- Bank points
- Record checked
- 2026-10-20
- First-year card fee
- A$95.00
How earning and transfers work
NAB Rewards Points can be transferred to Velocity (3:1) and KrisFlyer (5:1); Qantas is not available.
| Program | Conversion | Minimum / increment | Timing / source |
|---|---|---|---|
| Velocity Frequent Flyer | 3 NAB Rewards Points → 1 airline units | Not verified / Not verified | Automatic monthly redemption is available NAB's table shows 6,000 NAB Rewards Points = 2,000 Velocity Points (3:1); automatic monthly redemption available. Velocity membership number must be provided to NAB. Official terms |
| KrisFlyer | 5 NAB Rewards Points → 1 airline units | 6000 / 6000 | Up to 15 business days NAB's table shows 6,000 NAB Rewards Points = 1,200 KrisFlyer miles (5:1); not available for automatic redemption. Personal NAB Rewards cards use 5:1. Official terms |
Eligibility and important conditions
Local residency, age, income, credit assessment and issuer-specific requirements apply.
Fee AUD 195. Rate shown is the first tier (1.25 up to AUD 5,000 a month). Points cannot be converted to Qantas Points. Cathay and Airpoints are named as partners, but Cathay has no published ratio here and the Airpoints figure is expressed in dollars, so neither is modelled. Bonus points excluded.
- Fee waiver
- AUD 95 in the first year for eligible new customers (AUD 100 off AUD 195), per the issuer page
- Transaction rounding
- Not verified
- Points expiry
- NAB Rewards Points are valid for three years from the date they are received (issuer page).
- Minimum transfer
- Not verified
- Transfer fee
- Not verified
- Transfer timing
- Not verified
Verification and sources
Available for new applications; issuer approval required
Partial record. A source link does not verify every field.
Missing values remain unverified. Earnings, caps, expiry and transaction rounding can differ from a simple headline rate. Numerical reward estimates are disabled unless the full earning model is supported.
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