finder Rewards Roundup: NAB, Qantas and Velocity
Earn points with your NAB credit card, collect up to 6,000 Qantas Points with Vodafone and earn or redeem your Velocity Points with Kaligo hotels.
Discover how you can earn and redeem points on everyday purchases and special occasions such as holidays with this week’s Rewards Roundup.
NAB launches in-house NAB Rewards program
NAB has joined the list of Australian banks allowing cardholders to earn points through an in-house rewards program. While it was always possible to earn Qantas or Velocity points with an NAB-issued frequent flyer credit card, the NAB Rewards program provides more flexibility when redeeming points.
Coinciding with the launch of the program, NAB also released three new rewards credit cards which accumulate rewards points as you spend. Earn 0.75 NAB Rewards Points per $1 spent with the NAB Classic Card, 1 point per $1 spent with the NAB Rewards Platinum Card or 1 point per $1 spent on businesses expenses with the NAB Business Platinum Card. All of these cards also yield 3 points per $1 spent on overseas transactions or when shopping online, 3 points per $1 spent on bookings through Webjet and 2 points per $1 spent at major department stores including Myer, David Jones, Bunnings, Mitre 10 and more. You can also earn between 40,000 and 80,000 bonus points when you meet spend requirements.
Redeem points for cash back into your account, gift cards for popular brands such as David Jones, JB Hi-Fi, Kmart and Coles, plus a range of merchandise from the NAB Rewards store. You can also redeem points for travel and to book flights and holiday packages via Webjet. Frequent flyers can also look forward to trading NAB Rewards for Velocity Points, Cathay Pacific Asia Miles or New Zealand Airpoints Dollars.
Unfortunately, the exchange rates from NAB Rewards to frequent flyer points isn’t great. The most competitive offering is 1.5 Velocity Points for 3 NAB Rewards.You can only transfer NAB Rewards to frequent flyer points in multiples of 3,000 (important to remember when you’re saving up your points).
NAB Rewards offers cardholders more choice when redeeming points. With a number of ways to earn and redeem your points, a NAB Rewards card could be an ideal way to pay on plastic. However, with less than competitive exchange rates, frequent flyers might be better off comparing cards that earn points with their chosen airline, rather than an NAB Rewards card.
Earn up to 6,000 Qantas Points on your new Vodafone phone plan
Qantas and Vodafone are offering up to 6,000 Qantas Points or Aquire Points when you sign up to the 12-month SIM Only MyMix Red Global plans online. The three plans are available as $40, $50 and $60 plans and offer 4,000, 5,000 or 6,000 bonus points respectively.
The offer is available to both existing and new Vodafone customers but only those who apply or make the switch online. The offer is valid until 31 March 2017, so you have just over two months to compare your options, apply and take advantage of the bonus points.
Plus, if you sign up before 7 March 2017, you’ll receive a bonus 3GB data for the $40 plan, 6GB bonus data with the $50 plan and an extra 7GB data with the $60 package.
For a broader comparison, compare other Vodafone mobile phone plans.
Velocity frequent flyers can earn and redeem points with Kaligo hotels
Velocity’s new partnership with Kaligo gives frequent flyers more ways to earn and redeem points on their next hotel stay. You can redeem Velocity Points for stays at 425,000 hotels around the world. To do so, either cash in your points to cover the total cost of the stay or use a combination of cash and points. A minimum 4,000 points is required to redeem accommodation with Kaligo.
If you’ve already booked a Kaligo stay or would prefer to save your points for another reward, you can earn 3 points per $1 spent on bookings with any of the hotels.
This is just one of three hotel partnerships you can earn and redeem Velocity Points with. You can also use and collect Velocity Points with Agoda and, of course, Virgin Australia Holidays. How far your points go depends on the details of your booking. Be sure to compare the three to ensure you get the most value out of your points for your next hotel booking. See our guide on the Velocity Frequent Flyer program for more ways to earn points on everyday and travel purchases.
finder Rewards Roundup lists and compares the best* credit card, airline and frequent flyer rewards offers of the week. Check back every Friday for the latest rewards deals and to find out how you can get more out of your points this week.