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Exploring Nedbank’s Small Business Credit Card: Choose Between Mastercard and American Express with Access to the Bidvest Lounge Up to 4 Times Annually

The Nedbank Small Business Credit Card is designed specifically for small enterprises, providing tailored credit, flexible repayment options, and the Greenbacks rewards program.

This card is available in either the Mastercard or American Express format, depending on your eligibility, and you can discover how to apply.

Who Can Apply?

Nedbank Group is a prominent South African financial institution, providing a variety of services not just locally but across the continent.

One of Nedbank’s key priorities is to support small businesses, with the Small Business Credit Card tailored for startups, SMEs, and individual entrepreneurs.

This card provides three distinct types of rewards:

  • 5% monthly rebates
  • Easy budgeting
  • Pay in full with 55 days interest-free

The card features a 24/7 digital banking service, enabling you to manage your finances seamlessly through the Money app.

This functionality supports financial management by allowing you to link multiple profiles for easy switching. It effectively enhances cash flow and working capital.

The credit limit is adjustable within a small business scope as defined by the bank. For higher limits, other Nedbank business cards are required.

To qualify for the Nedbank card, a business must have a minimum annual turnover of R150,000. For turnovers above R360,000, consider the Business Card.

The card incurs a one-time initiation fee of R266 and a monthly service fee of R57.

To apply, you must be a citizen over 18 years old and have a verifiable, compliant business.

Yes, you can complete the entire application process online securely for the Nedbank card.

The card provides built-in purchase protection for orders that are not delivered and includes a 5% discount on AVIS rentals.

Nedbank offers cardholders up to four complimentary visits to Bidvest lounges with a minimum spend of R4,000. Basic travel insurance is included, with options for upgrades.

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

Beyond just financial services, the Nedbank card facilitates business activities, enabling you to register on BizPortal and access SimpyBiz, a networking hub that simplifies connections with other enterprises. 

Therefore, the Nedbank card ensures smooth financial management for your business in a secure and efficient way.

Interested in exploring another option?

If you’re in search of a reliable credit card as an individual, consider the Capitec Bank, which provides a credit limit of up to R500,000.

This card also gives you 1% cashback when you make smart payments, and you can discover how to apply.

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