Learn more about Nedbank’s Platinum Credit Card and know how you can apply!
The Nedbank Platinum Credit Card is a made to surpass your needs. It is great not only for everyday purchaces, but also if you travel quite a lot, offering benefits like travel and credit life insurance and a reward program. So if you’re looking for a credit card with travel and life insurance, buyers protection, discounts and rewards, this one is for you!
It is the perfect combo for travel and lifestyle. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Nedbank’s Platinum Credit Card?
- Manage your card with the Money app or Online Banking;
- Contactless payments;
- Link your card to Apple Pay, Samsung Pay, Fitbit Pay or Garmin Pay;
- Flexible repayment options;
- Change your credit limit on request;
- Greenbacks Reward Program;
- Bidvest Airport Lounge: 12 complimentary visits per year;
- Enjoy basic travel insurance of up to R3 million;
- Card includes purchase protection with a chargeback option;
- Optional credit life cover in case of death, disability, critical illness or retrenchment.
- Free Replacement Cards;
- Get real-time SMSs for transactions;
- Set your transfer and withdrawal limits using the Money app;
- Free Transactional SMSs;
- Block and replace or freeze and unfreeze your card using the Money app or cellphone banking;
- Up to 55 days interest-free;
- Personalized Interest Rate;
- Worldwide coverage.
Greenbacks Reward Program
You can earn Greenbacks based on how you manage your money, allowing you to get rewarded for making better money choices, using your account and card swiping and get access to exclusive benefits. Your Greenbacks never expire and you can use your them in many ways – from paying for data, airtime and electricity on the Nedbank Money app to using them as cash with your Greenbacks SHOP Card.
- Earn Greenbacks on all eligible spend;
- Earn unlimited Greenbacks twice as fast with your Nedbank American Express® Credit Card;
- Discounts on car hire from Hertz and Avis with Greenbacks;
- Get 25c cash back for every litre of fuel when you fill up at bp with your Greenbacks-linked card;
- Use your card to pay and get 50% off your Nu Metro movie tickets;
- Use your Greenbacks SHOP Card at leading stores that accept American Express;
- Get great restaurant deals and travel discounts on car hire, flights and accommodation;
- Get special deals on shopping, airtime and data vouchers, electricity and more.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| Travel Insurance and Benefits, Buyers Protection, Discounts, Greenbacks Reward Program, Free Replacement Cards, and Credit Life Insurance (optional) |
Minimum monthly income required of R29,000 |
| Internacional coverage |
2.0% of International Transaction Fee |
| Up to 55 days Interest-free
Personalized Interest Rate |
Monthly Fee of R99,00 + Initiation Fee of R180,00 + Greenbacks Linkage Fee of R30,00
|
How do I apply for the Nedbank Platinum Credit Card?
To be eligible for this credit card, all you need is to have a South Africa ID, proof of residence, latest proof of income (for three consecutive months), be over 18, have a minimal monthly income of R29,000.00 and a healthy credit score. Follow these steps:
- Click on the “Apply online” button on the bank’s website;
- On the Application page, fill out the form with any personal and financial information requested.
Then the bank will conduct a creditworthiness assessment to evaluate your credit history, income stability, and repayment capacity. This assessment helps determine the likelihood of credit card approval. Keep in mind that, the approved credit limit will also depend on it.