The best way to spend 50,000 NAB Rewards
How can you get the most value from your hard-earned NAB Rewards points?
Whether you’ve scored a hefty bonus points offer or have saved up a stash of points, this guide covers some of the best ways you can spend 50,000 NAB Rewards points.
As the NAB Rewards Platinum credit card currently boasts 60,000 bonus NAB Rewards when you apply and spend $1,000 in the first 60 days, we’ve decided to show you what you can do with them.
The rewards program may have only launched in January 2017, but there are plenty of ways to spend your points. From frequent flyer partners and travel packages to cashback and gift cards, check out this guide for inspiration for the best ways to spend your valuable NAB Rewards points.
Travel
Frequent flyer partners
You can currently exchange your NAB Rewards for frequent flyer points with Air New Zealand Airpoints, Asia Miles and Velocity Frequent Flyer. You can compare the different exchange rates below.
| Frequent flyer program | Exchange rate | Exchange from 50,000 NAB Rewards | Minimum transfer amount |
|---|---|---|---|
| Virgin Australia Velocity | 3 NAB Rewards = 1.5 Velocity Points | 25,000 Velocity Points | 3,000 |
| Cathay Pacific Asia Miles | 3 NAB Rewards = 1 Asia Mile | Approximately 16,666 Asia Miles | 3,000 |
| Air New Zealand Airpoints | 3 NAB Rewards = 0.015 Air New Zealand Airpoints | Approximately 250 Air New Zealand Airpoints | 3,000 |
Where could I travel with 50,000 NAB Rewards?
Exactly where you could travel will depend on the frequent flyer program you go with, but let’s look at Velocity as an example. Considering the exchange rate, 50,000 NAB Rewards would get you 25,000 Velocity Points to redeem for Virgin Australia flights.
At the time of writing (25 July 2017), 25,000 Velocity Points will get you an economy return flight from Sydney to Melbourne for 22,800 Velocity Points. If you’d prefer to fly in style, you could take a one-way trip from Sydney to Melbourne in business class for 19,100 Velocity Points. If you want to take your adventure overseas, you could redeem an economy reward one-way flight from Brisbane to Auckland for 17,800 Velocity Points plus $125.46.
These are just a few of examples of the points potential. You can use the Velocity Points calculators or opt to view the costs in Velocity Points when booking flights via Virgin Australia to see how far your points could take you.
If you’d prefer to earn Velocity Points directly, you can compare Velocity frequent flyer credit cards to compare other options with more competitive earn rates.
Flights
You can also redeem your NAB Rewards for flights via Webjet. You can book flights with popular Australian airlines including Qantas, Virgin Australia, Jetstar and more, so it could offer more flexibility than if you were to exchange your NAB Rewards for frequent flyer points.
You just need to log into your NAB Rewards account to book your flight and cover the cost with your NAB Rewards.
Back to topShopping
Generally speaking, using your points for shopping rewards doesn’t always offer you the best value for money. However, if you don’t have a trip planned and would prefer to spend your points on an everyday reward, you can compare some of the retail perks you could redeem below.
Gift cards
NAB Rewards has partnered with plenty of popular Australian retailers, allowing you to save on everyday costs courtesy of your points via the NAB Rewards store. Below, we’ve listed the participating retailers, explained how many points you’ll need to redeem specific gift cards and how much 50,000 NAB Rewards could get you.
| Retailer | Exchange rates | Value of 50,000 NAB Rewards in gift cards |
|---|---|---|
| BCF (Boating, Camping, Fishing) | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Big W digital gift card | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| BP gift card |
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| Bunnings gift card |
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| Coles digital gift card |
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| Coles Express gift cards |
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| Coles gift card |
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| Country Road |
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| Dan Murphy’s | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| David Jones |
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| Dymocks | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| EB Games | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Endota Spa | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Good Food |
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| Harvey Norman |
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| iTunes gift card | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| JB Hi-Fi |
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| Kathmandu | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Kmart |
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| Mitre 10 |
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| Myer |
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| Priceline | $50 digital gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Prouds | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Rebel |
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| RedBalloon |
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| Supercheap Auto |
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| Target |
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| The Good Guys | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Ticketmaster | $50 gift card = 9,620 points | Approximately $250 worth of gift cards (or five $50 gift cards) |
| Webjet |
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| Woolworths Essentials |
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| Woolworths supermarket |
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NAB Rewards store
As well as gift cards, you can also use your NAB Rewards points to redeem rewards in the following categories:
- Children and toys
- Fashion and accessories
- Homeware
- Lifestyle and travel
- Tickets and experiences
- Sports and outdoors
- Technology
- Charity donations
- Office supplies
- AFL
There are thousands of products to redeem from the NAB Rewards store, so we’ve just picked out a few you could redeem with your 50,000 bonus points to show you some of the possibilities. Please note that these points prices are correct as of 25 July 2017.
Technology
If you’re a tech-head, you could redeem an Apple iPod nano 16GB for 45,630 points (RRP $218.00), a Bose Soundlink colour bluetooth speaker for 41,460 points (RRP $178.95) or an Apple TV 32GB for 49,790 points (RRP $239).
Fashion and beauty
Fashionistas and beauty buffs can redeem their NAB Rewards for a Swarovski Match necklace for 35,420 points, a pair of Ray-Ban Wayfarer sunglasses for 41,670 points (RRP $179.95) or an original GHD IV styler for 50,000 points (RRP $190.00).
Homeware
If you want to use your NAB Rewards to spruce up your humble abode, you could redeem your points for a set of Linen House Deluxe Waffle sheets for 39,570 points (RRP 149.95), a KitchenAid toaster for 47,170 points (RRP $199) or a Dimplex eco column heater for 47,190 points (RRP $199).
As you can see, some rewards offer more value for your points when you consider the regular retail price. So, make sure to compare your options and consider which reward is offering you more monetary rewards for every dollar you spend
Back to topBanking rewards
You also have the option to use your NAB Rewards to get your finances in control. If you log into your NAB Rewards account, you can opt to redeem points for cashback to your NAB account or to your NAB Rewards card.
As you can see, there are plenty of ways to redeem 50,000 NAB Rewards. While the best option will depend on your points goals and ideal rewards, you should always consider whether you’re getting the most monetary value for your points. Consider the annual fee of the card and spend requirement you have to meet to collect the bonus points.
Pictures: Shutterstock
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