Velocity NAB Standard Credit Card

• The Velocity NAB 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
• Available as a Gold card account or Standard card account
• 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
• The balance transfer rate will revert to the purchase rate at the end of the balance transfer period.
• Add an additional cardholder at no extra cost
• Read the terms and conditions

• Handy payWave technology to make contactless purchases.
• Annual fee is fairly low for a credit card linked to an airline.
• Doesn’t come with card cover.

How does the Velocity NAB Standard 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 Standard Credit Card	19.99%	21.74%	$65	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

Awarded 5 stars by Cannex, the Velocity NAB Standard credit card allows you to collect Velocity points on every purchase. The account comes with an American Express and Visa card allowing you to collect even more points that can be redeemed on flights, shopping, hotels and car hires. Aside from the fantastic reward scheme, the NAB Standard credit card comes with a fairly reasonable balance transfer and purchase rate.

Pros

Not only do you get access to the Velocity reward scheme, which allows you to redeem points saved on your credit card for flights (Sydney to Cairns = 16,900 points ) and shopping ($100 David Jones gift card = 14,800 points), but you also get access to exclusive Visa and American Express members-only benefits.

This card features the brilliantly handy payWave technology to securely pay for goods in an instance without having to type in your pin. It also allows you access to Visa’s Entertainment programme where cardholders can find discounts and savings on entertainment, experiences and events. The Velocity NAB Standard account also comes with an American Express card, which comes with its own set of benefits including access to promotions and discounts through the AMEX network.

In terms of cost, the Velocity account is very competitive, especially when you consider the added benefits. The account comes with a very low annual management fee of $65 p.a. and a fairly standard interest free on all purchases (Up to 44 days).

Cons

The Velocity NAB card doesn’t come with card cover as standard, which is disappointing but not a major problem. Apart from this, the card is a decent all-rounder with no real downsides.

Conclusion

With access to two credit cards, it’s only a matter of time before you’re sipping a martini on the beach, courtesy of NAB. Aimed at mid income earners, the Velocity Standard credit card is a great companion for anyone who wants to be rewarded for shopping.