Having a credit card can be a huge benefit to have, especially when it considers unexpected expenses. Murray is also important that you handle your credit card correctly to ensure that you maintain a good credit record and that you always pay your instalments on time.

Nedbank is one of the largest banks in South Africa and they offer a Platinum credit card to their clients. The Platinum credit card offers the following benefits:

  • up to 55 days interest-free credit
  • zero the transaction fees
  • free face to face card delivery
  • access to Bidvest Premier airport lounges for domestic flights
  • global ATM access
  • optional life cover
  • basic travel insurance of up to 3,000,000
  • flexible repayment options
  • free supplementary card
  • once off initiation fee of R135
  • a monthly service fee of R58

The Nedbank Platinum credit card that includes automated basic travel insurance of up to R3 million as well as flexible repayments and free supplementary card. There is a once off initiation fee of R135 a monthly service fee starts from R58.

In order to qualify for a Platinum credit card you have to be at least 18 years of age or older, have a good credit rating, be a South African citizen, and earn more than R350,000 annually. You can view a full list of these on the Nedbank website so that you know in advance what type of fees you can expect when using your credit card.

A credit card is a very handy option to have if you want both purchases upfront and then repay the bank afterward. The amount of credit you will get will be determined by a variety of factors, including your income level, as well as the eve your credit history and the way that you handle your repayments.