Ultimate Guide to NAB Rewards

As a versatile points program, NAB Rewards offers a range of redemption options. From airline partners to Webjet travel bookings, gift vouchers, retail products, cashback and donations to charity, there are plenty of rewards to choose from.

Overview of NAB Rewards

Through a NAB Rewards credit card, such as the NAB Rewards Signature Card, cardholders earn points and can then opt to transfer direct to a range of leading airline partner programs, including Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Air New Zealand Airpoints and Cathay Asia Miles.

This guide will provide an overview of the NAB Rewards program, including how to redeem NAB Rewards Points for maximum value.

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How to earn NAB Rewards Points

The highest points-earning card in the NAB Rewards lineup, the NAB Rewards Signature offers a flexible rewards program. It’s good to know that NAB Rewards offer the ability to earn an uncapped number of points – meaning it’s possible to earn an unlimited number of points each month, or each year. That said, be aware that NAB Rewards Points will expire 36 months from the day they were earned.

When it comes to ongoing earning potential, NAB Rewards offers many ways to rack up points on eligible spend. There’s also the added ability to earn additional points via a range of spend categories and partners.

What counts as qualifying spend?

Qualifying spends include everyday purchases.1

For example, a cardholder’s groceries, fuel, entertainment and dining purchases will count as everyday purchases, while cash advances, balance transfers, foreign exchange fees or gambling transactions are not eligible.

How to maximise points-earning with NAB Rewards

A key perk of the NAB Rewards program is the ability to supercharge points earn via the ‘Points Booster’ feature.2 This handy benefit enables members to take advantage of a (double or triple) boost on points earned at selected retailers, many of which easily fall into the everyday purchase category.

2.5 NAB Rewards Points are earned per $1 spent at these retailers for NAB Rewards Signature Card under NAB Rewards Points Booster program:

• Big W
• Bunnings Warehouse
• David Jones
• Kmart
• Mitre 10
• Myer
• Target
• Stratco
• Total Tools
• Home Timber and Hardware

3.75 NAB Rewards Points are earned per $1 spent at:

• Webjet
• Overseas purchases (in-store or online)

This means a NAB Rewards Signature cardholder could earn a whopping 1,875 NAB Reward Points on $500 spent at Webjet or when shopping online via an overseas retailer, while a $200 Big W bill can translate to an easy 500 NAB Rewards Points.

There’s further scope to maximise bonus point-earning potential with NAB Rewards everyday retailer offers through the Bonus Points Shop.3

How and where to redeem NAB Rewards Points

When it comes to redeeming points, savvy travellers will look to transfer to a range of leading airline partners.

NAB Rewards partners with four airline loyalty programs, each of which offers different point transfer ratios. NAB Rewards airline transfer partners are:

  • Velocity Frequent Flyer (Virgin Australia)
  • KrisFlyer (Singapore Airlines)
  • Asia Miles (Cathay Pacific)
  • Airpoints (Air New Zealand)

The below table outlines the NAB Rewards direct transfer partners and their transfer ratios and minimum manual transfer requirements4:

Transfer partnerTransfer ratioMinimum manual/one off transfer
Velocity Frequent Flyer1 NAB Reward Point
= 0.5 Velocity Points
3,000 NAB Rewards Points
= 1,500 Velocity Points
KrisFlyer3 NAB Rewards Points
= 1 KrisFlyer Mile
3,000 NAB Rewards Points
= 1,000 KrisFlyer Miles
Asia Miles3 NAB Reward Points
= 1 Asia Mile
3,000 NAB Rewards Points
= 1,000 Asia Miles
Airpoints1 NAB Rewards Points
= 0.005 Airpoints Dollars
3,000 NAB Rewards Points
= 15 Airpoints Dollars

NAB Rewards points x Velocity Frequent Flyer

There’s a handy auto-redemption5 option available for NAB Rewards members who also hold a Velocity membership, a popular program of choice for Australian frequent flyers. Once set up for autoredemption, every week your NAB Rewards points balance is automatically converted to Velocity Points with no minimum transfer amount.

With up to 100,000 Velocity Points available with our exclusive NAB Rewards Signature Card offer, there are plenty of redemption possibilities with Virgin Australia and a range of airline partners.

The straightforward autoredemption feature means that a NAB Rewards Points balance will automatically be transferred to the member’s Velocity Frequent Flyer account every week. Auto-redemption is a simple way to top up frequent flyer balances, opening up an exciting realm of travel-redemption opportunities across Virgin Australia and airline partners including Qatar Airways, Singapore Airlines and Etihad Airways.

Setting up NAB Rewards auto-redemption with Velocity Frequent Flyer is easy. Simply log in to the NAB Rewards Store and follow the prompts to choose to automatically redeem NAB Rewards for Velocity Points.

Once the NAB Rewards points have been redeemed for Velocity Points, they are governed by the Velocity membership Terms and Conditions and cannot be reversed.

Book travel direct with Webjet

The NAB Rewards partnership with Webjet offers a range of travel redemption opportunities for travel.

Booking through Webjet allows NAB Rewards members the flexibility to redeem points for flights, selected hotels and holiday packages directly at Webjet.

Plus, any portion of a booking not covered by NAB Rewards Points earns Triple Points if a NAB Rewards credit card is used to pay for it. This is where NAB Rewards Points Booster2 feature comes into full effect.

Other ways to redeem NAB Rewards Points

Beyond partnerships with travel partners, NAB Rewards also offers options for members who prefer to redeem points on the ground.

As well as offering an auto-redemption feature with Flybuys, NAB Rewards members can use points to redeem retail products, gift cards and even make charity donations.


NAB Rewards Points transfer across to Flybuys at a 1:1 rate for NAB Rewards Signature cardholders.

The 200,000 bonus NAB Rewards Points available with our exclusive NAB Reward Signature Card offer can be converted to $1,000 in Flybuys dollars.

Similar to Velocity, a minimum of 3,000 NAB Rewards Points can be redeemed for a manual/one-off transfer to Flybuys. Or you can set up automatic redemption and automatically convert your points for Flybuys points (with no minimum to the number of points that can be redeemed). It’s a simple matter of providing your Flybuys membership number. NAB Rewards Points earned in any given week will then be transferred to Flybuys with 1 NAB Rewards Point = 1 Flybuys point (with no minimum to the number of points that can be redeemed).

Retail products

While product redemptions (such as technology and lifestyle goods) don’t always offer the best value for points, they can make sense for members working towards a specific redemption goal. The NAB Rewards website offers an extensive range of brands to choose from, including Apple, KitchenAid, and Dyson.

Gift cards

A range of gift cards are available for redemption with NAB Rewards Points.4

Digital or physical gift cards can be redeemed with popular retailers, some of which include:

• Amazon
• Bunnings
• Coles
• Woolworths
• David Jones
• JB Hi-Fi
• Myer
• Rebel

A $100 gift card across retailers including Woolworths, Coles, Bunnings, and Amazon can be redeemed for 20,410 NAB Rewards Points.


Members can use NAB Rewards Points to get cashback on a NAB Rewards credit card or NAB bank account. This option allows members to access $50 cashback with 12,500 NAB Rewards Points.

For extra convenience, customers can set themselves up to have their points automatically redeemed for cashback to their card every month. Every 250 points can be converted to $1.

While this could be a way to put money towards future purchases, note that the NAB Rewards cashback option does not count towards a minimum monthly credit card repayment.

Charity Donations

Many of us appreciate the opportunity to give back, which is where NAB Rewards shines. Points can be redeemed for the greater good through donations to charities, such as the Indigenous Literacy Foundation, Australian Conservation Foundation, and Camp Quality.

With many charity organisations to choose from – and multiple donation options for each – there’s a cause worthy of every member’s NAB Rewards Points. Donations to most organisations start at $10 (costing just 1,540 NAB Reward Points) and reach up to $100 (15,380 points).

How to get the most out of NAB Rewards

One of the most compelling features of the NAB Rewards program is that it is a flexible points program, allowing members the versatility to redeem rewards in a way of their choosing.

Flexible loyalty programs such as NAB Rewards are an ideal way to accumulate points in a central account, while saving for a particular redemption, or simply waiting for the perfect reward match to come along.

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Final considerations: Is NAB Rewards the program for you?

The NAB Rewards program offers a range of appealing redemption opportunities for members, who can choose from well-known airline transfer partners like Virgin Australia and Singapore Airlines.

Other practical reward options on offer include Webjet travel bookings and goods, all of which help cardholders extract value from their everyday spend.

Whether members prefer to take to the skies or opt for on-ground retail therapy, there are rewards for every cardholder to enjoy.

There are no limits to reward goals with uncapped points-earning NAB Rewards credit cards, helping cardholders rack up points fast – especially with Points Booster. Just be aware that with a 36-month expiry limit, you’ll need to use up a NAB Rewards Points stash within three years.

NAB Rewards is ideal for cardholders who appreciate flexibility and choice in their rewards program, as well as those who prefer to wait a little longer to decide on a reward goal.

1The Champagne Mile Exclusive NAB Rewards Signature Offer – Total 200k bonus NAB Rewards Points

Receive 150k bonus NAB Rewards Points when you apply via The Champagne Mile by 13 December 2023 and spend $3,000 on everyday purchases within the first 60 days of account opening, and 50k bonus NAB Rewards Points when you keep your card open for over 12 months. Plus, enjoy a reduced annual card fee (from $295 to $195) for the first year.

Offer commenced on Mon 13 November 2023 and ends Wed 13 December 2023. To be eligible for the 200,000 bonus points offer, you must apply for a new personal NAB Rewards Signature Card via The Champagne Mile before the offer is withdrawn, be approved, and spend $3,000 on everyday purchases within 60 days of opening your account and keep your card account open for over 12 months. Points will be awarded on a tiered basis – 150,000 bonus points when you spend $3,000 on everyday purchases in the first 60 days (credited to your points balance within 3 months of meeting the spend criteria) and 50,000 bonus points after 12 months (credited to your points balance within the 13th month). NAB may vary or end this offer at any time.

Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes. Points will be credited to your points balance within 3 months of meeting the spend criteria. This bonus points offer is not available to existing customers who have received or are entitled to receive NAB Rewards Bonus Points for a new personal NAB Rewards credit card in the eighteen months prior to the opening of a NAB Rewards Signature Card or NAB Rewards Platinum Card. Offers are not available when closing or transferring from another NAB credit card account or in conjunction with any other NAB credit card offer.

A reduced annual card fee of $195 will be charged when the card is opened and applies for the first 12 months. You will be charged the standard $295 annual card fee in the 13th month of your card account.

2NAB Rewards Signature Card – Earning NAB Points and NAB Points Booster

Points are earned and redeemed in accordance with the NAB Rewards Terms and Conditions (PDF, 356KB) available at rewards.nab.com.au. These terms describe the purchases not eligible to earn points. You must have an open and active NAB Rewards credit card account to earn points. Everyday purchases exclude transactions NAB decides are wholly or partly for gambling or gaming purposes.

Triple Points: 1.25 NAB Rewards Points + 2.5 additional NAB Rewards Points (Bonus Points)

Overseas purchases – Purchases (in store and online) where the merchant, financial institution or entity processing the transaction is located outside Australia. International transaction fees continue to apply.

Webjet – Purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au. Webjet Booking Terms and Conditions apply.

Double Points: 1.25 NAB Rewards Points + 1.25 additional NAB Rewards Points (Bonus Points)

Use your card to shop in-store and online at your favourite major department stores and hardware stores; such as, Myer, David Jones, Bunnings, Mitre 10 and many more – the choice is yours.

Points Booster is subject to the NAB Rewards Terms and Conditions. Only eligible transactions under those terms and conditions earn points and bonus points. Points are credited to your points balance after the eligible transaction is credited to your NAB Rewards credit card account: for standard points within 10 business days of processing and for Bonus Points within 3 business days of the standard points being processed. Details are correct as at 2 September 2019 and are subject to change by NAB.

3 Bonus points earned on transactions made using the NAB Rewards Bonus Points Shop (Bonus Points Shop) is subject to the NAB Rewards Bonus Points Shop Terms & Conditions (Terms) available at https://rewards.nab.com.au/ . The Bonus Points Shop allows you to browse retailers and retailer offers and earn bonus points on eligible purchases when you shop online with retailers through the Bonus Points Shop.

4 Points transfer values are correct as at 13 November 2023. Gift Card values correct as at Mon 13 November 2023. Points values & stock levels subject to change.  Check our reward website.

5 Velocity Autoredemption

You must be a Velocity Frequent Flyer member and provide your Velocity Frequent Flyer membership number to NAB to enroll in Auto Redemption. The earning and redemption of Velocity Points and the Velocity membership is subject to the Velocity membership Terms and Conditions. NAB Rewards bonus points will be automatically redeemed for Velocity Points each week. The name of the cardholder must match the name on the Velocity membership number.

Apple, the Apple logo, Apple Pay, Apple Watch, Face ID, iPad, iPhone, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay, Android, the Google Pay Logo, Google Play and the Google Play logo are trademarks of Google LLC.

Fees and charges

Credit Card  Terms and conditions and Target Market Determination available here.  Fees and charges are payable. Approval and credit limit is subject to NAB’s credit assessment criteria. Information, including interest rates and annual card fees subject to change. Correct as at 13 November 2023 and subject to change. Credit cards issued by National Australia Bank Limited.

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