250k Velocity points with NAB Home Loan

[kiwiSH]

Saw this offer today. 250,000 points for switching your home loan. That's a lot of points!!

Can't post the URL but pretty easy to find.

 

[Isochronous]

Fixed 250k or linked to value of the loan?

 

[mooingchicken]

NAB Velocity Frequent Flyer Points Offer - nabcampaigns

mentions $250k if building, im guessing this is the limit before u get any points then a fixed 250k of points

 

[burmans]

Apply between 21 September 2015 and 31 December 2015 and draw down by 30 April 2016.

• Take out new home lending of $250,000 or more for owner occupier purposes [1]
• Available on NAB and NAB Broker home loan products excluding lines of credit and Portfolio facilities
• Not available for new home lending with or refinances from uBank

 

[Eggsbenedict]

Interesting, not a lot in the T&C's. Need to have a Velocity CC and Transaction account as well. Doesn't say either of these need to be new just "used" after the draw down of the loan. I have and use both of these and am just about to look a new house so this could be perfect timing. NAB's rates are pretty competitive. I have to admit I'm getting pretty concerned about the shear volume of Velocity points getting out there! I've gotten 300K in bonuses just from the AMEX PLAT offer over the last 8 or so weeks.

 

[Pleb Status]

As an existing NAB customer, 250k points is not enough compensation to deal with this utterly incompetent organisation.

 

[Eggsbenedict]

As an existing NAB customer, 250k points is not enough compensation to deal with this utterly incompetent organisation.

HAHA! Can't agree more however as a customer of CBA, ANZ, BOQ, WESTPAC it's all pretty much the same thing! Bendigo Bank has been great (most likely because I have access to a senior business banker due to my companies relationship with them) however their rates and fees on Home loans are just too uncompetitive