The Nedbank Gold Credit Card is a popular choice among South African consumers seeking an entry-level credit card with attractive features and benefits. This updated 2024 review provides an in-depth analysis of the card, highlighting its key features, associated costs, and various advantages. Whether you are new to credit cards or looking to switch, this guide will help you understand what the Nedbank Gold Credit Card offers.
The Nedbank Gold Credit Card is designed for individuals with a monthly gross income of R5,000 or more. It provides a cost-effective credit solution with various benefits tailored to enhance your financial experience. The card offers a flexible repayment plan and access to exclusive rewards and travel benefits.
The Nedbank Gold Credit Card is positioned as an affordable option for consumers seeking a credit card with minimal fees. The card offers a low monthly service fee and the flexibility to manage your spending and repayments effectively.
Cardholders can benefit from the Nedbank Greenbacks rewards program, earning cash back and discounts on various purchases. Notable benefits include:
The Nedbank Gold Credit Card offers various travel-related perks, including:
The Nedbank Gold Credit Card provides a range of features to enhance your banking experience:
Understanding the fees associated with the Nedbank Gold Credit Card is crucial for effective financial planning. Below is a breakdown of the card’s fees:
| Fee Description | Amount (including 15% VAT) |
|---|---|
| Once-Off Initiation Fee | R180 |
| Monthly Service Fee | R30 |
| Credit Facility Fee | From R20 |
| Optional Greenbacks Linkage Fee | R30 |
| Fee for Extra Card | R30 |
| Cash Deposit at Nedbank Branch | R100 plus R2.65 per R100 or part thereof |
| Cash Deposit at Nedbank ATM | R1.65 per R100 or part thereof |
| Cash Withdrawal at Nedbank ATM | R2.65 per R100 or part thereof |
| Cash Withdrawal at Other Bank’s ATM | R12.00 plus R2.65 per R100 or part thereof |
| Cash Withdrawal at Nedbank Branch | R100 plus R2.65 per R100 or part thereof |
| Cash Withdrawal at International ATM | R65.00 plus R2.65 per R100 or part thereof |
| Point of Sale Balance Enquiry | R2 |
| Balance Enquiry at Nedbank Branch | R24 (one free per billing cycle) |
| Balance Enquiry at Other Bank’s ATM | R10 |
| Nedbank Online Banking Payment Notification (SMS) | R0.50 |
| Nedbank Online Banking Payment Notification (Email) | R0.50 |
| Same-Day Card Delivery Fee | R450 |
| Card Replacement Fee | R150 |
| International Currency Conversion Fee | 2% |
| Tracing Fee | Up to R410 |
| Failed Payment Fee | R30 |
| Lotto Tickets | R2 |
| Airtime Purchase Fee | R1.50 |
| Data Purchase Fee | R1.50 |
| Electricity and Water Purchase Fee | R1.50 |
To apply for the Nedbank Gold Credit Card, you must meet the following criteria:
The Nedbank Gold Credit Card is a compelling option for those seeking an entry-level credit card with a blend of rewards, travel benefits, and affordability. Its low maintenance fee, flexible repayment options, and the ability to earn Greenbacks make it an attractive choice for many South Africans. However, potential applicants should be aware of the additional fees and the lack of complimentary lounge access. Overall, it provides valuable benefits for those who regularly use credit and seek to maximize their rewards.
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