Nedbank Classic Credit Card – Learn more about this unique card and its advantages
Would you like to have a credit card with features and benefits that at the same time gives you the ability to contribute to a multitude of causes? If that is what you want, Nedbank Classic may be what you are looking for.
Among the possibilities offered by them are the chance to contribute to the improvement of artistic and sporting skills, the preservation of the environment, and other activities for children.
By allowing you to participate in their loyalty program, this card brings a number of benefits with its varied portfolio.
We examine the key benefits that the Nedbank Classic credit card provides, and how to apply for it. Keep an eye out to see if this is the card that’s right for you.
Main features of the Nedbank Classic Credit Card
You will be able to transfer your balance from other banks to your Nedbank Classic credit card with the intention of saving on certain interest over a 55-day period with no interest at all on your purchases.
In addition, you will be able to acquire credit more easily on larger purchases. With repayment terms ranging from 3 to 36 months.
With the Nedbank Classic card you can have peace of mind with your travel insurance, as you will receive it for both domestic and international travel once you purchase your tickets.
You can also request additional cards for family members, allowing you to participate in Nedbank’s loyalty programs.
Nedbank has the Green Affinity program, which serves to preserve the environment. In addition to this, there are also programs for sports development or even programs for children who are part of the Nelson Mandela Children’s organization.
Advantages and disadvantages of the Nedbank Classic Credit Card
With the Nedbank Classic credit card you can withdraw your money at all ATMs in South Africa and abroad. The card is accepted worldwide.
Your payments can be made securely through the Nedbank Money app. Where you can also take care of all your bills without worry.
The biggest disadvantage is in accessing this card, as not everyone will be able to apply for it, as a good credit score is required, which will drive some customers away from it.
Nedbank Classic Credit Card: Fees and expenses
- Once off the opening rate: R189.65
- Month-to-month fee: R37
- Complimentary card fee: R30
- Interest Charge: 19.9%
- Zero interest period: 55 days
- Check payment charge: R65
- Cash payment fee: R75 plus R2 per R100 at a bank branch and R1 per R100 at a Nedbank ATM
- Cash withdrawal fee: At a Nedbank ATM R2 per R100, and fees vary if you withdraw at other bans
- Disgraced payment R90
How to be eligible for the Nedbank Classic credit card
Some of the requirements to apply for the Nedbank Classic credit card are: to be at least 18 years of age, have a good credit score, be a resident of South Africa and have earnings of at least R60 000 per year.
How do I get a Nedbank Classic credit card?
Everything can be done online. The first step is to check if you are eligible for the card. You will need a copy of your official identity document and proof of income for the last three months, so please have these at hand. If you are employed you will need copies of your bank statements or payslips.
If you are self-employed, your proof of income must be in writing from your accountant. Once you fill out the form, you consent to Nedbank checking all your details and your credit. If you are accepted, you will receive information afterwards.
If you are an active Nedbank customer and wish to apply for the Nedbank Classic credit card, you can apply through Nedbank’s Money app. If you do not have the app installed, it is available from the App Store (iOS), Google Play (Android), and the App Gallery (Huawei).
Address and contact details for Nedbank Classic Credit Card
If you need more information, you could use these options to reach contact with the bank. Nedbank’s head office is situated at 135 Rivonia Road, Sandown, Sandton, 2196, South Africa. You can also contact them by telephone 0860 555 111.
Final thoughts
The Nedbank Classic credit card is not only a good credit card from a financial perspective, but it also helps to be part of membership programs. It is worth considering if you want your money to collaborate for the greatest of all goods.
Before ordering any credit card, do your research so that you will be able to find one that is suitable for your own lifestyle.
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