Velocity NAB Gold Credit Card

• The Velocity NAB Gold Credit Card can earn you Velocity Points on your everyday spend.
• Each Velocity NAB card account has 2 cards: a Velocity NAB American Express Card and a Velocity NAB Visa card.
• Enjoy the benefits of two cards with only one annual card fee, one statement, and one monthly payment
• No cap or expiry on your Velocity Points.
• Remember your two cards have different point earning rates. By using your Velocity NAB American Express Card you will be able to maximise your Velocity Points.
• Add an additional cardholder at no extra cost.
• The balance transfer rate will revert to the purchase rate at the end of the balance transfer period.
• Read the terms and conditions

• Low intro balance transfer makes it easy to start using this card.
• No cap or expiry on your Velocity Points.
• Substantial annual fee to pay.

How does the Velocity NAB Gold Credit Card compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Velocity NAB Gold Credit Card	19.99%	21.74%	$150	4.99%	6 months
	The Average Credit Card	17.17%	21.04%	$95	3.04%	7 months

You can transfer from:



• ANZ
• Aussie
• Bank of Melbourne
• Bank of Queensland
• Bank SA
• Bankwest
• Citibank
• Coles
• Commonwealth Bank
• HSBC
• St.George
• Suncorp
• Virgin
• Westpac
• Woolworths

You cannot transfer from:



• NAB

Earn Velocity Points on everyday purchases whilst enjoying the extra privileges of a Gold credit card. Special benefits for Gold cardholders include Extended Warranty and Purchase Protection, complimentary Insurance Travel Insurance and VIP Lost Card Cover (the latter is complimentary only for the first 12 months).

Pros

There are plenty of features to be enjoyed with this card. In addition to the peace-of-mind insurances mentioned, Velocity, the award winning loyalty program of Virgin Australia, V Australia, Pacific Blue & Polynesian Blue, offers great points earning potential up to 2 points per $2. Points are uncapped, don’t expire and are redeemable for rewards such as flights, accommodation and entertainment. As a cardholder, you also get access to NAB Cellar Selections – your gateway to 400+ Australian Wine Producers.

Additionally, you can make contactless purchases with NAB Visa payWave, you get two cards (Visa & AMEX) with the simplicity of only one monthly statement, you can have an additional card holder at no extra cost and enjoy competitive, though not fabulous, rates.

Cons

The Velocity NAB Gold Card is a traveller and higher income earner’s card. With a substantial annual fee, you want to make sure you can afford it and will actually benefit from it so do the maths and ask yourself whether you’d get more back than the annual fee each year during normal usage.

Conclusion

A great card, jam packed with features and perks. Remember that the higher interest rates are not an issue if you make your repayments on time so if your lifestyle and spending will get you the rewards you’re after on this card, it could be well worth your while.