Nedbank offers different credit cards to a wide variety of customers. The bank has credit cards meant for those with high income while leaving room for options for those who have a limited budget in hand. This makes Nedbank one of the most versatile and flexible when it comes to its offerings.
Speaking of flexibility, the Nedbank Gold credit card is one of the most flexible credit cards they offer. This Nedbank credit card has exclusive benefits that include hotel benefits and some of the lowest interest rates and other charges in all of South Africa.
If you’re interested in learning more about this amazing credit card and want to apply, check out the guide below.
What are the Benefits and Features of the New Nedbank Gold Credit Card?
The Nedbank Gold credit card is a credit card that allows you to purchase and do transactions on credit at partner establishments.
As a Visa card, you can use the card at any international establishment that partners with Visa. You can also withdraw cash at any branch and make authorized cash advances using the card.
You can withdraw your cash at any Visa ATM and even transfer funds from your Nedbank account to your credit card. The Nedbank Gold card also offers travel insurance of up to R2 million and you even get discounts on car rentals from Hertz and Avid.
Cardholders get exclusive deals on restaurants, flights, and hotel accommodations through the Visa Hotel Club. With this benefit, you also get exclusive discounts on hotel accommodations and fares.
Learn the Advantages of using the New Nedbank Gold Credit Card
When you have the Nedbank Gold card, you get to enjoy different benefits and advantages. You have a convenient and secure method of payment so you will never have to worry about any fraudulent transactions ever.
You also have a free credit period of up to 55 days. The card also offers a high credit limit with very minimum requirements needed. There is also medical assistance wherever you are and you get benefits at various hotels. You have 24/7 multilingual assistance in case you need one during emergencies.
In the event that you lose your card or it gets stolen, all you need to do is to call their customer service hotline and a replacement card will be sent to you right away. You can also link your card to Apply Pay, Fitbit Pay, Samsung Pay, and more so you can purchase and make transactions without having to bring the card with you.
Interest Rate and Other Fees
The Nedbank Gold credit card offers some of the most affordable and highly competitive interest rates and other charges.
When you apply for the card, you can get as low as 19.75% interest rate for an active Gold card but the interest rate can be personalized depending on your creditworthiness.
You also have to pay an initiation fee of R165 and a monthly card fee of R30. Transaction fee is already free but cash withdrawals at ATMs will be R4 per transaction.
Overseas cash withdrawal fee is at R40 and a replacement card will be charged at R130.
The Flexibility in Paying Your Debt
Another great advantage that you can enjoy with the Nedbank Gold credit card is the flexibility in paying your debt. You can choose which way you can pay your monthly debt and for how long you want to pay them.
You can even pay off your major purchase over time within your budget. There is only a minimum repayment of 5% of your overall outstanding balance and your credit score will not be affected. You can also change or increase your credit limit if you want to be requesting for it, unlike many other providers that take a lot of time before they increase your limit.
Lastly, you can use the card almost anywhere in South Africa or all over the world for payment as it is widely accepted everywhere.
What are the Eligibility Requirements?
If you’re planning on applying for the Nedbank Gold credit card, you need to adhere to their eligibility requirements.
You won’t be approved if you are not able to present the requirements they need to process your application.
First, you must be 18 years old and above and must be a resident of South Africa. You need to have a government-issued ID such as a valid South African ID book or passport.
You currently must have an income and the good thing about this credit card is that you only need to have an income of R5,000 a month to qualify. Lastly, you must have a good credit score to apply for the card.
How to Apply for the New Nedbank Gold Credit Card
To apply for the Nedbank Gold card, you can either check the official Nedbank website or apply at the nearest Nedbank branch in your area. Those who want to apply online can check out the Nedbank website and select Nedbank Gold card and select Apply online.
Fill up the application form and upload the required documents. Before submitting, check the rates and fees as well as the terms and conditions. Review all the details on the application form as well.
After that, you will need to wait for them to call or email you about their decision if you have been approved for the card. They will inform you if you have been approved and will send further instructions on how to claim your card and how to activate it.
Who is the New Nedbank Gold Credit Card For?
The New Nedbank Gold credit card is meant specifically for those who generally have a decent income and want to expand their credit score while also enjoying the benefits of using the card.
With its minimum income requirement of R5,000, a lot of people are immediately qualified for this card. This means that it can almost be used by everyone in South Africa as long as they have a decent job and they can sustain such a lifestyle.
If you have more income, you can always choose other cards on their roster.
If you have further inquiries, you can call their customer service hotline at + 27 11 294 4444 from Monday to Friday starting at 8 in the morning until 4:30 in the afternoon.
A bank representative will be able to assist you with your inquiries and other concerns.
You can also visit their main office at 135 Rivonia Road, Sandown, 2196.
Interested in getting the Nedbank Gold credit card? You now have all the details that you need to make your application much faster and even improve your chances of getting the card. Go ahead and apply today and enjoy the perks and benefits of this card!
Note: There are risks involved when applying for and using credit Consult the bank’s terms and conditions page for more information.