Gift card value
−$45 after fees
$150 in Coles gift cards · 40,000 Velocity points · spend $4,000 in 90 days
Available
I'd like to use my bonus for:
$150 in Coles gift cards (32,127 of 41,680 Velocity points; 9,553 left over) − $195 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms are currently available (site published 11 Oct 2026).
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.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
You are not eligible for Bonus Points if you currently hold, or have held, a personal NAB Rewards Credit Card in the last 24 months. The holding period is 24 months, measured from the last date you held a covered card. An open covered card blocks the bonus.
See exclusion periods for every Australian issuer →What must I spend?
$4,000 within 90 days — about $1,333 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$3,000 minimum credit limit — a lending commitment, not a reward fact.
No minimum income recorded — this does not mean there is none.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →NAB Rewards Points automatically redeemed and transferred to Velocity each month at 2 NAB Rewards Points = 1 Velocity Point; requires providing Velocity membership number to enrol in Auto Redemption
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
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NAB Rewards Points automatically redeemed and transferred to Velocity each month at 2 NAB Rewards Points = 1 Velocity Point; requires providing Velocity membership number to enrol in Auto Redemption
No source recorded for this benefit.Learn more
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Mobile Phone Insurance Compare across cards →Complimentary mobile phone insurance covering accidental damage and theft to an eligible mobile phone for NAB Rewards Platinum cardholders; phone must be on a monthly billing plan paid using the eligible NAB card; underwritten by AIG Australia
Check the payment condition, limits, and excess.
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Complimentary mobile phone insurance covering accidental damage and theft to an eligible mobile phone for NAB Rewards Platinum cardholders; phone must be on a monthly billing plan paid using the eligible NAB card; underwritten by AIG Australia
No source recorded for this benefit.Learn more
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary international travel insurance included with NAB Rewards Platinum and Signature Cards.
Check the cover period, the activation condition, and who counts as an insured person.
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Complimentary international travel insurance included with NAB Rewards Platinum and Signature Cards.
No source recorded for this benefit. - Lounge Access Compare across cards →LoungeKey
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Complimentary Delayed Flight Lounge Pass: when a registered flight is delayed more than 60 minutes, a lounge access voucher is emailed for the cardholder plus up to 4 travel companions at select LoungeKey airport lounges (or a dollar credit off dining where no lounge is available); flights must be registered in advance via the NAB service website
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Entertainment Benefits Compare across cards →Special offers with Visa Premium Access and Visa Entertainment including pre-sale tickets and member promotions for NAB Rewards Signature Cardholders.
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Special offers with Visa Premium Access and Visa Entertainment including pre-sale tickets and member promotions for NAB Rewards Signature Cardholders.
No source recorded for this benefit.
Account management
Tools for running the account — repayment helpers, not reward value.
- No International Transaction Fee Compare across cards →Fee-free international transactions on NAB Rewards Signature Card.
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Fee-free international transactions on NAB Rewards Signature Card.
No source recorded for this benefit. - Rewards Program Elite Status Compare across cards →Automatic monthly transfer of NAB Rewards Points to Velocity Points at a rate of 2 NAB Rewards Points = 1 Velocity Point for both NAB Rewards Platinum and Signature Cards.
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Automatic monthly transfer of NAB Rewards Points to Velocity Points at a rate of 2 NAB Rewards Points = 1 Velocity Point for both NAB Rewards Platinum and Signature Cards.
No source recorded for this benefit. - Concierge Service Compare across cards →NAB Concierge Service available to Platinum cardholders on 1300 730 213, 24 hours a day 7 days a week; provided by Visa Worldwide or International SOS
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NAB Concierge Service available to Platinum cardholders on 1300 730 213, 24 hours a day 7 days a week; provided by Visa Worldwide or International SOS
No source recorded for this benefit. - No Additional Cardholder Fee Compare across cards →Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
Check account liability and age or redemption restrictions.
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Add an additional cardholder at no extra cost; additional cardholder must be 16 years or older
No source recorded for this benefit. - Interest Free Periods Compare across cards →Up to 44 interest free days on purchases when the account is paid in full (or the interest free days payment) by the monthly due date
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
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Up to 44 interest free days on purchases when the account is paid in full (or the interest free days payment) by the monthly due date
No source recorded for this benefit. - Balance Transfer Offers Compare across cards →0% p.a. for 12 months on standard balance transfers, 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
Check the rate, period, revert rate, and fees.
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0% p.a. for 12 months on standard balance transfers, 3% balance transfer fee; unpaid balance transfers revert to the variable cash advance rate after 12 months
No source recorded for this benefit.
Should I keep it after the first year?
Renewal costs $195 each year ($195 annual fee) — first year was $195.
Second year pays 40,000 Velocity points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.42x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $195/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
Terms and evidence
Full current terms
Offer terms
First Year Points
40,000 points
Velocity
Second Year Points
40,000 points
With $195 annual fee
Minimum Spend
$4,000
within 90 days (about 3 months)
Ongoing Earn Rate
0.42x points per $1 spent
Fees
First Year Annual Fee
$195
Ongoing Annual Fee
$195
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history (6 changes)
- Lounge AccessUpdated May 2026
Now LoungeKey.
- Interest Free PeriodsUpdated May 2026
- Concierge ServiceUpdated May 2026
- No Additional Cardholder FeeUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Mobile Phone InsuranceUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 11 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 12
Changes from terms version 11
Changes from terms version 10
No recorded term changes from the previous version.
No recorded term changes from the previous version.
Changes from terms version 7
No recorded term changes from the previous version.
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
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.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 31/07/24 to 31/10/24, Second Year Bonus from 10K to 20K2 years ago
- Expiration changed from no expiration to 31/07/24, Bonus from 40K to 60K, Annual Fee from $45 to $953 years ago
- Expiration changed from 31/01/24 to no expiration, Bonus from 60K to 40K, Annual Fee changed from $95 to $453 years ago
Discussion
About the current terms (published 11 Oct 2026).
Community and personal tools
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