Credit Card Interest Rates from Nedbank

Credit Card Interest Rates from Nedbank

Getting a credit card from Nedbank may be an ideal solution for you if you are in need of extra finance in case of emergency. 

One of the main benefits associated with credit cards is the ability to buy now and pay later.

What benefits are offered by Nedbank Credit Cards?

  • Zero transaction fees
  • Get automatic basic travel insurance when you purchase travel tickets
  • Global ATM access
  • Free transactional SMSes
  • Credit Life Cover
  • You can use Nedbank credit cards to pay at over 25 million local and international merchants
  • Nedbank credit cards are affordable. With a maximum monthly service fee of R60 and a once-off initiation fee of R165, Nedbank credit cards offer simple and easily accessible financial solutions.
  • Get up to 55 days’ interest free credit

To apply for Nedbank credit cards you need to be at least 18 years old, with good credit standing. You also need to be a South African resident with a valid South African ID.

To qualify for Classic Nedbank Credit cards, you need to earn an annual income of R36 000 or more.

The Gold Nedbank Credit card is available to individuals earning more than R100 000 annually, while the Platinum card is available to those earning more than R350 000 a year.

What you need to know about credit card interest rates from Nedbank: 

On a balance of R4999.99, interest is 0.25%.

On balances of R5000- R14 999.99 interest is 0.50%.

On balances of R15 000- R49 999.99, interest is 0.50%.

Balances of more than R50 000 are charged interest of 0.75%.

Credit card interest rates from Nedbank for Professional banking: 0.50% – 1.50%.

Nedbank Private Wealth clients can expect to pay 0.50%- 1.75%, while Go-Banking clients can expect interest rates of 0.25%- 0.75%.

To find out more about credit card interest rates from Nedbank, contact Nedbank by calling: 0860 555 111


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