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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!
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by Danilo Pereira
Earn rewards with every purchase and enjoy valuable travel benefits
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.
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.
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Significant benefits and disadvantages of having a Nedbank Platinum Credit Card
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.
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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.
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
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