How to Apply for your Nedbank Platinum Credit Card
Nedbank Platinum Credit Card has exclusive rewards and discounts to make life easy. Enjoy generous cashback and rewards on spending and a premium travel experience with access to an airport lounge and travel insurance.
The Nedbank Platinum credit card offers dining and travel deals, as well as discounts on accommodation and car rentals..
Nedbank enriches security measures and fraud protection and keeps your mind at peace.
Some benefits that Nedbank Platinum Credit Cardholders will get are:
- Rewards: Receive unlimited 2% cashback on every card spent. It also offers unlimited cashback on all purchases, 50% discount on Nu Metro cinema tickets and cashback for every liter of fuel purchased.
- Payment option: You can make in-store or online payments and make transactions at local and international ATMs. Nedbank Platinum Credit Card has flexible repayment options, and the minimum repayment is 5% of the outstanding balance. You can request to change your credit limit.
- Insurance: The Nedbank Platinum Credit Card protects your purchases with a chargeback option. It covers you with insurance in case you die, become disabled, suffer a critical illness, or become unemployed.
- Travel benefits: Cardholders will get access to Bidvest Premier Club domestic airport lounges up to 12 times a year and a discount with Greenbacks from Hertz and Avis on car hire. Moreover, up to R3 million in travel insurance will protect you from unwanted situations.
- Security: Besides providing exciting rewards, Nedbank is more concerned about keeping you safe. This card has a chip and a PIN as a security option. You can set transfer and withdrawal limits, block and replace, or freeze and unfreeze your card with the app or mobile banking. The real-time SMS will keep you updated on each transaction. Stop or block your card anytime using online banking or a direct call.
This card requires a minimum income of R29,000 monthly and a monthly service fee of R99. You will enjoy personalized interest rates and interest-free purchases for up to 55 days.
Prerequisites
You need to earn a minimum of R29,000 before tax per month. Other than the income, your age must be over 18 years, and you have to live in South Africa with a valid ID or passport and a work permit. Also, the latest 3 months’ pay slips or stamped bank statements and a healthy credit score are needed to have this card.
About the bank
Nedbank, founded as the Bank of Good Hope Cape in 1831, was renamed in 1971 after merging with Syfrets South Africa and Union Acceptances. Key milestones include becoming the first South African bank to pay interest on current accounts in 1983, merging with Permanent Building Society in 1988, and rebranding to Nedcor in 1989.
The 2000s saw further restructuring and a focus on innovation, including achieving carbon neutrality in 2010, launching the Nedbank Green Index in 2011, listing a green bond in 2019, and introducing the Avo super app in 2020. Today, Nedbank has R1.3 trillion in assets and employs 25,477 staff.
Who is this card for?
If you have a monthly income required by the bank and love to travel, this card will be your best option. Nedbank Platinum Credit Card has discounts on car hire, flights, and accommodation. Special shopping and restaurant deals are also available on this card. Besides those, get 50% off on movie ticket purchases. If you are a frequent traveler, this card will be best suited for you.
Step-by-step to apply for the Nedbank Platinum Credit Card
To apply for this card, you can use the channels given below:
- Go to Nedbank’s official website and click on personal banking.
- From the menu, choose the bank, then credit card, and select New Nedbank Gold Credit Card.
Apply online.
- Choose to apply online.
- If you don’t have a Nedbank ID, submit your South African ID or passport, cell phone number, and email.
- Attach all the necessary documents.
- Once you submit the documents, wait for the bank’s approval.
Apply with online banking.
- Click on Apply for Online Banking.
- Use the QR code to log in, or enter your ID and password.
- Submit all the necessary documents.
- Wait for the bank’s approval.
Find a branch.
- Click on Find a branch from the platinum credit card page.
- Search for locations near you.
- Visit the branch and submit your documents with the application form.
- Once it is approved, they will contact you.
Make a phone call.
- Call 0860 555 111 at this number.
- An officer will help you apply for the card.
Positives and negatives of the card
Discover the positive sides that make it a must-have in your wallet.
- The Nedbank Platinum Credit Card has no transaction fees.
- It has 55 days of interest-free purchases.
- Range of exclusive benefits in the Bidvest Premier Club lounge.
- You will be covered by credit life insurance.
- Premium travel benefits.
- Secure transactions with real-time SMS notification.
- Flexible repayment options.
- Easy to manage
Like all other cards, the Platinum Credit Card has some negative sides, but those are limited.
- It comes with a monthly service fee of R99.
- It requires a lot of documents.
- You will need a good credit history.
How do I unlock the card?
Once you receive the card, you need to activate it. Ways to activate it are given below.
Activate through the Money App.
- Log in to your Nedbank account with an ID, PIN, or fingerprint.
- Go to cards.
- Choose the credit card you want to activate.
- Select card management.
- Click on activate.
Activate through online banking.
- Sign in to online banking with your Nedbank ID.
- Go to cards.
- Choose the credit card you want to activate.
- Click on activate.
Fees and tariffs
The Nedbank Platinum Credit Card comes with a monthly service fee of R67. The credit facility fee starts at R32 per month. In total R99. And the optional Greenbacks linkage fee is R30. You will get a complimentary card replacement, and there are no charges on card swipes.
Customer service
Nedbank customer service agents are available 24/7 to assist you, and you can also chat with Enbi on the Money app or online banking. The app is available on the Play Store and the Apple Store. Nedbank’s toll-free customer center number is 0800 555 111, and the MFC contact center number is 084 196 4473.
For an unhappy product or service experience, please contact them at 0860 444 000 or +27 11 710 4011. They are available Monday through Friday from 08:00 to 17:00 and Saturday from 08:00 to 12:00.