Terms & Conditions

This offer is limited to a maximum of 250,000 Velocity Frequent Flyer Points per customer and per Home Loan application. This means, if there is more than one applicant and one applicant receives the 250,000 Velocity Frequent Flyer bonus Points, all applicants are deemed to have received the bonus Points. The offer is not available in conjunction with any other offer including NAB Credit Card bonus Velocity Points offers or NAB or NAB Broker cash back offers.

Terms, conditions, fees, charges and eligibility criteria apply for all NAB and NAB Broker products (available on request).

  1. Excludes businesses, trusts and other non-natural persons. Where the new lending is for construction purposes, you must drawdown $250,000 or more by 30 April 2016. (The establishment of a limit of $250,000 or more does not satisfy this condition.)
  2. Everday purchases exclude transactions that are wholly or partly for gambling or gaming purchases.
  3. If you're a joint Home Loan applicant, Points will be issued to the primary cardholder or, where there are multiple primary cardholders, the Points will be awarded to the primary (first named) Home Loan applicant. 

Correct as at 28th September 2015. 

Velocity Terms & Conditions 

Redemption booking examples quoted in the holiday world map are based on return economy Reward Seats, are subject to availability and to the Velocity Membership Terms and Conditions and must be booked at velocityfrequentflyer.com. Quoted redemption booking details are correct as at 7 September 2015 and are subject to change. Seats are limited and may not be available at peak times or on all flights. Name changes are not permitted. Refunds and itinerary changes are permitted prior to travel, and may be subject to a service fee, fare differences (if applicable) and fare restrictions as outlined on the Virgin Australia website. Bookings for Reward Seat itineraries to, from or via the United States made at least 7 days prior to departure may be cancelled up to 24 hours after confirmation, without penalty by calling the Membership Contact Centre on 13 18 75. For a redemption booking, the payment amount will comprise of taxes or, where the total cash component of a booking exceeds $50 and this amount is paid for by credit card or debit card, the payment amount will comprise of taxes and a Booking and Service fee. A Booking and Service fee will apply when paying by credit card or debit card ($7.70 per person per booking for Virgin Australia domestic flights, $10 per person per booking for Virgin Australia international short-haul flights and $30 person per booking for Virgin Australia international long-haul flights and flights operated by partner airlines). A fee will apply to redemption bookings if booked by phone ($35 or 4,500 Points per person for Virgin Australia domestic and international short-haul redemption bookings and $60 or 7,500 Points per person for Virgin Australia international long-haul redemption bookings and redemption bookings on Velocity’s international partner airlines). Taxes, fees and surcharges are payable in addition to Velocity Points redeemed. Any taxes or Booking and Service fee components are not eligible for Points earn. A minimum checked baggage allowance of 1 piece up to 23kg applies for Economy Reward Seats and allowances increase for Silver, Gold and Platinum members. View baggage allowances for Reward Seat Redemptions. Additional fees will be charged for baggage in excess of the published allowances. Fees are chargeable at the time of purchase and are more expensive if not purchased prior to arriving at the airport. Conditions and travel restrictions apply for all fares. Fares to international destinations not operated by Virgin Australia will be flown by one of Velocity’s international partner airlines. Baggage allowances for flights operated by partner airlines will vary in accordance with the individual policy of that carrier. Please check the operating carrier’s website for full details. More information on which of our partners can fly you to your chosen destination can be found by viewing our Interactive Route Map.

To earn and redeem Velocity Points, you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, available at www.velocityfrequentflyer.com, as amended from time to time.

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Interest rates on the way up and how to fight back

Interest rates on the way up and how to fight back

Over the last few weeks the Big 4 have raised their variable Interest rates for some of their home loans.

So, average standard variable rates, of the Big 4, for owner occupiers who pay principal and interest are lying around 5.25% and if you pay interest only this might be 0.2% higher.

What does this mean for you?

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