Nedbank Credit Card

Credit cards offer more security and convenience when compared to using cash to make purchases. As long as you are committed to clearing your balances on time, you can reap outstanding benefits due to rewards and flexible repayment programs. Nedbank has been offering financial services in South Africa for quite some time and they have several credit cards on offer. The cards come with different features designed to fulfill various financial needs.

How to apply

To apply for a Nedbank credit card, you only need to visit their website and submit the application. If you meet the income requirements, your chances are higher but you also need to provide your banking information alongside proof of residence.

Interest rates and fees

One of the most attractive features of Nedbank credit cards is the 55-day interest-free period when you clear the balance before the due date. Nedbank platinum cardholders can access preferential interest rates but both Classic and Gold cardholders will get an interest rate based on their credit scores.

Nedbank Gold Credit Card

Up to 55 days to pay with the Nedbank Gold Credit Card.

Nedbank gold credit card is quite popular throughout South Africa and globally since it offers flexible credit services for a fulfilling life. With this credit card, you won’t be charged anything when you make transactions. When you get approved for this card, you automatically qualify for basic travel insurance that helps you travel more conveniently.

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BENEFITS

• Travel insurance of up to R1,000,000
• Free secondary card
• Flexible repayments in up to 36 months
• Nedbank affinity programs
• Zero transaction fees on purchases
• Up to 55 days of interest-free credit

REQUIREMENTS

• Minimum income of R100’000 per month
• Have a valid South African ID
• Be over 18 years of age

FEES

• Account maintenance fee of R32.28 per month
• A credit card initiation fee of R189.65

Nedbank classic Credit Card

An affordable credit card option with a fair APR.

The Nedbank credit card is designed for people who want to experience a smooth shopping experience. Besides getting multiple rewards, you can use the card in lots of places across the globe.

When you get approved for this card, you can make a balance transfer and the credit facility helps you make purchases and pay in 36 months. This credit card is popular among customers and this can be attributed to its affordable pricing structure. While you won’t be earning any interests on your credit balances, you will receive a great APR on your credit card balance.

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BENEFITS

• Travel insurance of up to R150,000
• Flexible repayments
• Free transactions
• Get 55 days to enjoy interest-free credit if you clear the balance before it is due

REQUIREMENTS

• R60,000 per month
• Be 18 years old
• Have a valid South African ID or passport
• Prove that you are a resident in South Africa
• Provide payslips and bank statements for the past three months

FEES

• Monthly credit account maintenance fee of R25.62
• A credit card initiation fee of R189.65
• Secondary card fee of R25.52

Nedbank Platinum Credit Card

Maximium prestige with the Nedbank Platinum Card.

This is the most prestigious credit card from Nedbank. While it shares some features with the Gold card, it allows you to get a higher credit ceiling which you can also raise upon consultation with the provider. To qualify for a higher credit limit, you have to pass the affordability assessment.

If you have been thinking about making a big-ticket purchase, the Nedbank platinum card can be appropriate. When you get the cad, you will have up to 8 visits to Bidvest lounge annually. If you choose the budget service, you can make flexible payments spread over 36 months.

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BENEFITS

• Get travel insurance of up to R3,000,000
• Access to Bidvest lounges during domestic flights
• Personalized interest rates
• Get your card delivered face to face
• Free secondary card
• Flexible credit repayments
• Enjoy 55 days of interest-free credit

REQUIREMENTS

• Have an income of R350,000 per month
• Be at least 18 years by the time of application
• Have a good credit score
• Be a legal resident of South Africa

FEES

• Monthly maintenance fee of R60.83
• Card initiation fee of R189.65