19 Sep 2015

A home today, New York tomorrow

National Australia Bank (NAB) customers could be jetting off to Paris, New York or a host of other holiday destinations as part of an adventurous new offer.

Customers could be eligible for 250,000 Velocity Frequent Flyer Points when they take out a NAB home loan plus make NAB their main bank.

NAB today announced the offer targeting owner-occupier home loan customers to coincide with the busy spring home-buying season.

NAB Executive General Manager Consumer Lending, Angus Gilfillan, said this was the largest Velocity Frequent Flyer Points offer from a major bank and delivered added value for home loan customers.

“We know how tough it is out there for Australians trying to buy a home. It’s a highly competitive housing market at the moment,” Mr Gilfillan said.

“It can take several years to save for a deposit, and for many Australians that means going without a lot of things, such as a holiday. The first year after taking out a home loan is often the hardest and people make a lot of sacrifices.

“We understand that life doesn’t end when you kick start the home buying process – which is why we’re giving customers this opportunity when they need it most.”

The offer could get you two return tickets to New York or London, or a family of four return to Fiji.*

Velocity Frequent Flyer General Manager Commercial Jeroen van Son said: “With Velocity Frequent Flyer Points, you can fly to more than 600 destinations worldwide on Virgin Australia and Velocity’s partner airlines.

“This is the biggest Velocity Frequent Flyer points offer from a major bank in our history – whether you want to take your family to the Whitsundays, enjoy a romantic trip to the Cook Islands or send yourself Business Class to London and back*, Velocity Points give you the freedom to choose.”

Customers can apply between 21 September until 31 December 2015.

Full terms, conditions, fees, charges and eligibility criteria apply (available upon request), including $250,000 minimum loan plus hold a NAB Velocity Credit Card and a NAB Transaction Account. Not available with any other offer. To earn and redeem Velocity Points you must be a Velocity member. © National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.

*Redemption booking examples quoted 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.

Velocity Frequent Flyer is the multi-award winning loyalty program of Virgin Australia. The program launched in 2005 bringing competition to the loyalty landscape in Australia for the first time by offering genuine and unique rewards to its members. The program is free to join and gives members the ability to earn Points when flying to nearly 600 destinations worldwide with Virgin Australia or any of Velocity’s 11 airline partners including Air New Zealand, Delta Air Lines, Etihad Airways, and Singapore Airlines. It also offers an extensive portfolio of more than 130 hotel brands and a partnership with Agoda, giving members the ability to earn Points at more than 400,000 hotels around the world. Velocity Frequent Flyer has the widest retail offering of any loyalty program in Australia with more than 200 retail brands in its online e-store, which launched in 2008 and a wide range of credit card options to suit the different needs of its customers.

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