1Terms and Conditions
MyCard branded credit products are issued by National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”).
Points Transfer and Autoredemption: To redeem MyCard Reward Points for Velocity Points you must be a Velocity member and advise us of your Velocity number prior to redemption. Velocity membership, Points earn and redemption is subject to the Velocity Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. You can choose to manually redeem a minimum of 2,000 MyCard Reward Points at a time, or opt in for Points Autoredemption. If you opt in for Points Autoredemption, your MyCard Rewards Balance will be automatically transferred to Velocity every month, provided your Rewards Balance is at least 2,000 MyCard Reward Points. The rate at which MyCard Reward Points are redeemed for Velocity Points will be displayed at the time of redemption or you opting in for Points Autoredemption. Login to the MyCard App or MyCard Online to manually redeem MyCard Reward Points for Velocity Points or set up Points Autoredemption. For information on points transfer you can refer to Terms and Conditions. Reward Points once transferred to Velocity Frequent Flyer cannot be cancelled and reversed. Once MyCard Reward Points have been redeemed for Velocity Points, they are governed by the Velocity membership Terms and Conditions.