Apply for Nedbank Platinum Credit Card

People are saying that Nedbank Platinum Credit Card is convenient because of its perks.

As a platinum card, it is also a great way to increase your credit score. The perks come in the form of bonus points, as well as increased rewards. If you’re looking for a card to help you save money, you should consider the Nedbank Platinum Credit Card.

Moreover, people are saying that the Nedbank Platinum Credit Card is the perfect card for daily purchases. It offers a low annual fee and you don’t have to worry about the interest rate on your purchases for the first 55 days. You can also earn points that can be transferred to a Nedbank Platinum frequent flyer account. The Nedbank Platinum Credit Card is perfect for those who want a card that is simple and easy to use.

Rates and Fees of Nedbank Platinum Credit Card

Annual Fee: With the Nedbank Platinum Credit Card, you have to pay a monthly fee of R90, which gives us an almost R1100 annual fee. This fee is considered a little bit average knowing how Nedbank Platinum Credit Card can give you tons of benefits as its credit cardholder. 

Late Payment Penalty Fee: Nedbank Platinum Credit Card didn’t disclose anything else in regards to their current late payment penalties. However, it is recommended that you avoid this type of fee to not further damage your credit history. 

Returned Payment Fee: Whenever a failed transaction is made during an insufficient amount on your checking account, a returned payment fee of R40 is charged by the Nedbank Platinum Credit Card. 

Foreign Transaction Fee: With Nedbank Platinum Credit Card, it can be a good way to use for your international online transactions. However, a foreign transaction fee of 2% is charged by the principal amount. So make sure to take this fee into account before agreeing into anything. 

Interest Rate: The interest rates of Nedbank Platinum Credit Card can go from 18.4% to 20.25%. This is considered a little high especially to middle-income earners who wants to take advantage of a credit card without paying high fees. 

Other fees: Other services fees of Nedbank Platinum Credit Card includes their card tracing fee which is R140, and a personal card delivery fee which is R160. 

Qualifying for Nedbank Platinum Credit Card

Minimum Credit Score needed: Nedbank Platinum Credit Card didn’t disclose anything about their minimum credit score required. However, if you have a general good credit score of 620 and above, it will increase your chance to be eligible for the card.

Annual Income requirements: People with an annual income of R300,000 can apply for Nedbank Platinum Credit Card. This requirement makes the card perfect for middle to upper income earners.

How to apply for Nedbank Platinum Credit Card?

To apply for the Nedbank Platinum Credit Card, you need to do it online. You’ll need to provide your personal information and your banking information. You can apply for a Platinum card by visiting their website, filling out the online application form and submitting the necessary documents. Once you submit your application, you’ll be contacted within 48 hours by a Nedbank representative.

If everything goes well and the bank approved your application, make sure that you provided the certain documents for further verification. Assuming that you’ve been approved, review the terms and conditions carefully and sign the contract. 

Final thoughts

The Nedbank Platinum Credit Card is perfect for buying every day groceries and other items. People who are saying that Nedbank Platinum Credit Card is perfect for daily purchases are saying that this card is easy to use and comes with many benefits. The card comes with a great interest rate and a low monthly fee.

The card also comes with a great service. In order to make sure that you are able to pay your bills on time, the card comes with a 24-hour automated service. The service will be able to help you with everything from changing your address to troubleshooting your card’s settings.

Take advantage of this card and see the difference on your purchases!