Nedbank conducts a credit bureau check for all credit card applications. Applicants with adverse listings, judgments, or a recent history of missed payments are likely to be declined. If your credit score is low, focus on clearing any outstanding defaults and building a positive repayment history before reapplying. Nedbank does not offer a specific "bad credit" card product.
Frequently Asked Questions
Nedbank's credit limit is personalised based on your income, existing debt obligations, credit score, and overall affordability as assessed under the National Credit Act. There is no single published minimum or maximum limit. Applicants typically receive a limit between R5,000 and several hundred thousand rand, depending on their financial profile. You can request a credit limit increase after 12 months of responsible use.
Greenbacks is Nedbank's rewards programme. With a Mastercard credit card you earn 2 Greenbacks per R10 spent; with an Amex card you earn 4 Greenbacks per R10 spent. One Greenback is worth R0.028, so 1,000 Greenbacks equals R28. Full Greenbacks membership costs R27–R32 per month. The programme is most valuable if you spend R5,000 or more per month on the card — you will generate enough Greenbacks to cover the subscription fee and produce a net reward. Casual users may find the subscription erodes the net value.
Nedbank's credit card interest rates are personalised. The benchmark rate is prime + 3.5% (approximately 14.75% per annum as of May 2026, with prime at 11.25%). Your actual rate may be lower if you have an excellent credit profile. The National Credit Act caps the maximum rate at prime + 14%. Your specific rate will be disclosed in the pre-agreement quotation before you sign.
For online applications, an automated conditional decision is often returned within minutes. Final approval typically takes 1–2 business days. Complex cases (e.g. self-employed applicants) may take 3–5 business days. You will be notified by SMS and email.
Yes. Nedbank Mastercard and Amex credit cards can be used internationally wherever the respective network is accepted. Notify Nedbank of your travel dates by calling 0860 555 111 or via the Money app before you travel, to prevent your card being blocked for suspected foreign fraud. Currency conversion fees apply.
The Gold card (from R40/month, minimum income R5,000) is an accessible revolving credit facility with Greenbacks and no swipe fees. The Platinum card (R99/month, minimum income R29,000) adds airport lounge access, R3 million travel insurance, and car hire discounts — suited to professionals who can offset the fee through benefits.
Request a limit increase after 12 months of good standing via NetBank, the Money app, or by calling 0860 555 111. Nedbank will re-assess your income and credit profile under the National Credit Act. Approval is at Nedbank's discretion.