SA

Nedbank Platinum Credit Card review: Unparalleled rewards and benefits

Read this Nedbank Platinum Credit Card and learn about this card's Greenbacks rewards program, and much more!

Advertisement

Earn rewards with every purchase and enjoy valuable travel benefits

This card will give you rewards! Source: The Post New.

Looking for a credit card that offers great rewards, low fees, and extensive benefits? Look no further! Our featured card has it all. Here is our Nedbank Platinum Credit Card review.

Nedbank Platinum Credit Card

How to get your Nedbank Platinum Credit Card

Ready to get a card with no annual fee? Read this Nedbank Platinum Credit Card application guide and get yours in just a few minutes.

  • Requirements: Be 18+, earn at least R29k/month, have good credit score and history, provide proof of income and residence, have a valid South African ID or passport is required.
  • Initiation Fee: R180.00
  • Monthly Fee: R60.00
  • Rates: Not specified
  • Rewards: Earn rewards through the Greenbacks rewards program for R27.00 a month

This card is best for South African individuals with good credit scores who earn at least R29,000.00 per month. Read on and learn all you need to know about it

Nedbank Platinum Credit Card: how does it work?

The Nedbank Platinum credit card is a mid-tier credit card that offers travel, lifestyle, and entertainment benefits. Plus, it offers access to the Nedbank Greenbacks rewards program. 

Cardholders get travel insurance of up to R3 million and 12 complimentary Bidvest premier club domestic airport lounges per year. 

Discounts are available on car hire and accommodation, as well as NuMetro movie tickets. The card has a monthly maintenance fee of R64.00, and a monthly credit facility service fee of R32.00. It also has a monthly Greenbacks linkage fee of R27.00. 

A one-time initiation fee of R180.00 is charged, and a minimum repayment of 5% is required each month. 

The monthly gross income requirement of R29,000.00 is reasonable for a mid-tier credit card. There is also no interest on the card for the first 55 days. 

However, membership in the Greenbacks rewards program costs R27.00 per month, and there is no dedicated private service. 

The Nedbank Platinum credit card is an excellent starting point for those looking for a mid-tier credit card providing free travel insurance. With it you will also get discounts on car hire and accommodation, and a variety of rewards and benefits.

Significant benefits and disadvantages of having a Nedbank Platinum Credit Card

Get travel rewards. Source: Canva.

Our Nedbank Platinum Credit Card review would now be complete without a clear comparison between its benefits and disadvantages. Have a look at the list below.

Benefits

  • Greenbacks rewards program.
  • No annual fee.
  • Free supplementary cards.
  • Contactless payments and online shopping.

Disadvantages

  • High initiation and monthly fees.
  • Limited to high-income earners.
  • Limited travel benefits.
  • Need to meet strict eligibility requirements.

Is a good credit score required for applicants?

Yes, the Nedbank Platinum Credit Card requires applicants to have a good credit score in order to qualify. Therefore, you might want to check your credit score before applying.

Learn how to apply and get a Nedbank Platinum Credit Card

Do you like what you’ve seen in this Nedbank Platinum Credit Card review? If so, click the link below to access our application guide and get yours in just a few minutes.

Nedbank Platinum Credit Card

How to get your Nedbank Platinum Credit Card

Ready to get a card with no annual fee? Read this Nedbank Platinum Credit Card application guide and get yours in just a few minutes.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

Trending Topics

content

What is a stakeholder in simple terms?

Looking for a definition of stakeholder in simple terms? You have come to the right place. Read on and find out!

Keep Reading
content

Best Egg Personal Loan review

Get the facts and insights on the Best Egg Personal Loan with our in-depth review. Learn all you need to know about their services!

Keep Reading
content

4 best prepaid cards to control your budget

Are you looking for a card to help you keep track of your money? Here are our picks for the best prepaid cards to control your budget.

Keep Reading

You may also like

content

Aspire® Cash Back Reward Card review

Learn how you can earn generous cash back rewards on your daily purchases in our complete Aspire® Cash Back Reward Card review.

Keep Reading
content

How to join TAB Bank: open your account online

Are you looking for a new online banking experience? Check out our simple, step-by-step guide on how to join TAB Bank today!

Keep Reading
content

Petal® 2 Visa® Card application

Learn how easy it is to apply for a Petal® 2 Visa® Card and start repairing your credit while having access to exclusive perks and benefits.

Keep Reading