Loading... Please wait!

Nedbank Small Business Credit Card: Choose Between Mastercard and American Express with 4 Annual Visits to Bidvest Lounge

The Nedbank Small Business Credit Card caters to small enterprises, providing customized credit, flexible repayments, and a rewards program through Greenbacks.

This card is available in either Mastercard or American Express formats, depending on eligibility, and you can find out how to apply.

Who is Eligible?

Nedbank Group is a financial and business institution based in South Africa, delivering a variety of services both domestically and across other African nations.

A key priority for Nedbank is supporting small businesses, with their Small Business Credit Card designed for startups, small and medium enterprises, and solo entrepreneurs.

This card provides three distinct reward options:

  • 5% minimum monthly rebates
  • Easy budgeting
  • Up to 55 days interest-free

The card provides a 24/7 digital banking service, empowering you to effectively manage your finances via the Money app.

This service enhances financial management by allowing you to link various profiles for seamless switching, helping improve cash flow and working capital.

The credit limit is adjustable but stays within a small business range, according to the bank’s criteria. For higher limits, other Nedbank business cards are necessary.

A minimum annual turnover of R150,000 is required to qualify for the Nedbank card. For earnings exceeding R360,000, consider the Business Card.

A one-time initiation fee of R266 and a monthly service fee of R57 apply to the card.

Applicants must be older than 18 and must ensure their business is in good standing and verifiable.

Yes, the entire application process for the Nedbank card can be completed securely online.

The card includes built-in purchase protection for orders that aren’t delivered, along with a 5% discount on AVIS rentals.

Nedbank provides cardholders with up to four complimentary visits to Bidvest lounges, provided they spend at least R4,000. Additionally, basic travel insurance is automatically included with an option for recharge.

Using the American Express card allows you to earn double rewards, making it easy and seamless to earn as you swipe.

The Nedbank card not only provides financial services but also facilitates business activities like registering on BizPortal and accessing SimpyBiz, a platform that enhances networking and communication among businesses. 

With the Nedbank card, you can manage your business finances smoothly, all while ensuring security and efficiency.

Interested in another option?

For individuals seeking a reliable credit card, consider Capitec Bank, which offers a credit limit of up to R500,000.

This card also provides 1% cashback for smart payments, and you can find out how to apply.

admin
Written by

admin