NAB Rewards: Key Takes

NAB Rewards is a flexible credit card points program. It includes NAB Rewards, NAB Reward Platinum, NAB Rewards Signature and NAB Rewards Business Signature Visa cards.

Launched in 2017, the NAB Reward program offers redemption of points to Velocity, Asia Miles, KrisFlyer, Flybuys and Air New Zealand Airpoints, as well as a range of other unique redemption options.

Why Should I choose NAB Reward?

NAB Rewards allows you to add points to your NAB Reward balance. These points will be transferred to NAB Reward frequent flier program partners and redeemed for gift certificates and other experiences offered in the product or program.

Flexible programs like NAB Reward are suitable for anyone looking to get the most out of their reward program. This allows you to earn points in your central wallet and choose how to use them later.

How to earn these reward points?

Every time you purchase with the NAB Reward Card you earn points every time for everyday purchases. 

And there is no limit on the number of points you can earn. It is necessary to redeem points within 36 months of earning so you don’t miss out on what our NAB Reward store has to offer.

How to check and redeem these rewards?

Log in to Internet Banking and go to your card.

Click on NAB Reward Card to check your points. If one has a NAB Reward Business Card, select your card and then select the link on the left to check or redeem your points balance.

After selecting the “Redeem Points” you will be redirected to the NAB Reward Store.

The NAB reward card range

NAB Reward offers four different types of cards to their customers-

NAB Rewards Visa: it is an entry-level and low-fee card (No longer available to new customers)NAB Rewards Platinum Visa: This is a card with a higher fee, but one can earn higher points NAB Rewards Signature Visa: The highest points-earning cardNAB Rewards Business Signature Card: this is a business-focused card

NAB Reward credit card: General information 

Benefits of these Rewards:

Webjet

NAB Reward is affiliated with Webjet to instantly redeem NAB Reward points for travel bookings provided by Webjet. Once logged into NAB Reward as a cardholder, click on Webjet and you will see how many points can be redeemed and their value in Webjet Points.

Gift Cards

Gift Card options are available at Myer, JB Hi-Fi, Myer, BP, Coles, Coles Express, Bunnings and more. The redemption rate for a $100 gift card is 19,230 points, which is worth 0.52c per NAB Reward point. Its redemption rate can also vary.

AFL

AFL redemption options through NAB Reward include autographed T-shirts, lithographs, and other merchandise for die-hard fans.

Products

The NAB Reward website also offers a range of redemption options for technology, lifestyle and other product categories. 

Additional features:

NAB Reward boasts a convenient points booster program that permanently boosts the number of points earned at selected retailers.

Double points: One can earn double points on purchases made at Kmart, David Jones, Big W, Target, Myer, Bunnings and Miter 10

Triple Points:  Triple points can be earned on all purchases made on Webjet and abroad including in-store or online where the processing bank is outside Australia

If you have a NAB Reward Business Signature Card, you can also invest in your business with a variety of rewards, including office supplies, training and employee awards for a job well done.

Where can I transfer my NAB reward point?

NAB Reward has direct transfer partners which include Velocity Frequent Flier, KrisFlyer, Asia Miles, Flybuys and Airpoints.

NAB Reward points are not transferred on a 1:1 basis to the frequent flier program partner (except Flybuys) – instead, you need to consider the following transfer rates to calculate the number of points that can be transferred to each program:

1 NAB Rewards Points = 0.5 velocity ​​Points, Minimum Transfer Amount 3,000 NAB Reward Points = 1,500 velocity ​​Points

1 NAB Reward Point = 0.33 Asia Miles/KrisFlyer miles, minimum transfer of 3,000 NAB Reward Points = 1,000 Asia Miles/KrisFlyer miles

1 NAB Reward Point = 1 Flybuy, minimum transfer of 3,000 NAB Rewards Points = 3,000 Flybuys

3,000 NAB Reward Point = 15 Air New Zealand Airpoints Dollars

Conclusion

NAB Rewards is an attractive program for several reasons, including a proper list of airline transit partners and other reward options such as Webjet, AFL, and gift cards. It’s also great to get double and triple points for specific deals

How often will my NAB Reward points balance be updated?

Your NAB Reward balance will be updated within 10 business days of processing any relevant transactions to your NAB Reward credit card account. Once the points appear in your points balance, you can redeem them.

How long does it take for my NAB Reward points to be converted into Flybuys points and transferred to my Flybuys member account?

Please allow at least seven days for your automatic point transfer to set up. Once your NAB Reward points are set up, they will be converted and transferred on the second Wednesday of each month and may take up to five business days to post to your Flybuys member account.

When do my NAB Reward points expire?

NAB Reward Points expire 3 years after earning. You can log in to Internet Banking to see if any points will expire within the next few months.