Nedbank Business Credit Card: Double Rewards with American Express and Allows Multiple Profiles to be Linked under a Single Login

The Nedbank Business Credit Card offers zero interest on balances paid in full every month and double rewards in dollars for spending with American Express.

This is because Nedbank offers both Mastercard and Amex options, providing the opportunity to consolidate expenses into a single statement, and you can see exactly how to apply.

SEE HOW TO APPLY

Searching for More?

Nedbank, a financial institution based in South Africa, provides an extensive range of services tailored for both personal and business needs.

Their credit card offerings cater to small enterprises as well as more established businesses that have been operational for at least two years.

Clients can choose between cards branded with either the Mastercard or American Express logos, depending on their financial standing.

Once you have the business credit card, you can manage your account via the Money app or through online banking on your computer, enabling efficient handling of all transactions.

For businesses, you can assign multiple profiles and issue individual cards to employees for company expenses.

The credit limit of the Nedbank Business Credit Card is tailored to match the specific conditions and needs of the company.

To be eligible for the card, businesses must have a minimum annual turnover of R360,000, which equates to around R30,000 per month.

The Nedbank Business Card requires an initiation fee of R472 and an annual fee of R445, with interest rates determined by the client’s financial situation.

Applicant companies must have been operational for at least two years and show some growth. Additionally, businesses need to be registered as legal entities with corporate financial structures.

While business accounts can be opened online, the credit card application must be completed through direct customer service.

The MoneyTracker service facilitates invoice management and financial tracking for the business.

The Nedbank Business Credit Card is designed to assist clients in forming connections with partners like BizPortal and SimplyBiz, a complimentary networking platform for fostering relationships among the bank’s clientele.

This card is particularly beneficial because it consolidates all business expenses into a single, interest-free bill if paid in full each month.

Additionally, holders of the American Express card earn double rewards in dollars.

Overall, this card is highly suitable for the everyday operations of businesses, offering convenience and security.

To qualify, companies must meet specific criteria set by the bank, which generally include having a certain level of stability and financial backing, making them unsuitable for newly established businesses.

Want to learn other option?

The Nedbank Small Business is another version offered by the bank for companies with annual revenues in the range of R150,000, specifically designed for small businesses, as the name suggests.

The card still provides the same options as Mastercard and American Express for applicants, and you can see how to apply.

SEE HOW TO APPLY