What are the Steps to Apply for a Nedbank Business Credit Card?
The Nedbank Business Credit Card serves as an excellent choice for merging your business expenses into one easy, interest-free payment; discover more!
Essential Information Before Applying for the Nedbank Business Credit Card
If you’re in search of a card to manage your business expenses, consider the Nedbank Business options, featuring choices between Mastercard and American Express, which also offer double rewards in dollars.
Nedbank boasts a rich history of over 130 years in South Africa, providing services across various countries in the region.
As a retail bank, it stands among the largest in South Africa, providing a wide array of services, including account management and credit card solutions.
The Business Credit Card targets businesses with a minimum annual turnover of R360,000, requiring an initiation fee of R472 and an annual fee of R445.
Once you have the card, you can manage your finances using the Money app and online banking, integrating all your banking and personal needs in one convenient platform.
You can also issue cards to employees, creating distinct profiles for easy access. To get the card, an account with Nedbank is required.
The Nedbank Business Card can feature either Mastercard or American Express branding, depending on the client’s requirements at the time of application.
The credit limit is flexible and tailored to the business’s specific needs, assessed individually.
Eligibility Criteria
Nedbank has specific eligibility criteria which are clearly outlined on their platform for potential credit card holders.
First, applicants must be at least 18 years old and registered in the country, whether as a local citizen or as a foreign national with a valid visa.
For companies, it’s essential to provide an annual turnover of R360,000, and the business should have been operational for at least two years while demonstrating growth.
For legal entities, registration with corporate finance authorities is mandatory to qualify for this credit card.
Discover How to Apply for the Nedbank Business Credit Card
The Nedbank credit card platform features a ‘Call Me Back’ button to initiate your business application.
By requesting this button, you will be connected to a dedicated customer support team ready to address your needs and offer the best proposal.
The support service is available 24/7. For those in South Africa, call 0800 116 400. If you’re outside the country, reach them at +27 (0) 31 820 5915.
You can also reach out via email at [email protected], which is open for inquiries.
Nedbank provides a ‘Call Me Back’ form where you should include the following details:
- Full name
- Phone number
- Email address
- Business name
- City and Province
- Existing Nedbank account number (if applicable)
- Nature of request
Once you submit your information, the bank’s customer service team will reach out to you to initiate the process.
You can easily set up a business account online via the website or app, taking only about 5 to 10 minutes.
You can also visit a physical bank branch or request a callback directly through the app.
Clients who have an American Express card can enjoy double rewards in dollars, all consolidated into one statement.
Additional Information
Apart from banking services, you also gain additional business perks with the Nedbank card.
You can register your business online at BizPortal or in person at a branch using SwiftReg. The SimplyBiz platform is a free networking tool for connecting with other Nedbank clients and expanding your business.
Entrepreneurs can download a guide specifically for small business owners. You can also utilize your services via Avo, the sales app from Nedbank.
Interested in exploring another option?
In South Africa, there are excellent card choices for individuals, including Absa Premium Banking, which comes with Absa Advantages and Rewards, for a monthly fee of R97.
This card also offers perks like access to Bidvest VIP lounges and unique Visa deals. Check out how to apply.
