Learn How to Apply for the Nedbank Business Credit Card

What do I need to know before applying for a Nedbank Business Credit Card?

The Nedbank Business card comes with both American Express and Mastercard options, offering favorable terms for consolidating all expenses into a single statement.

Nedbank, a South African company with over 130 years of history, operates in multiple countries across the continent.

As a retail bank, it is one of the largest in the region, providing a variety of services, including account management and credit card issuance.

The Business Credit Card targets companies with an annual turnover of at least R360,000. It has these costs:

• An initiation fee of R472. 
• An annual fee of R445

Once you have the card, you can manage funds through the Money app and online banking, integrating both banking and personal services.

You can also issue cards to employees, linking different profiles for efficient management. To obtain the card, you need to have an account with Nedbank.

The Nedbank Business Card can be issued with either Mastercard or American Express logos, based on the client’s financial conditions at the time of application.

The credit limit is flexible and tailored to the company’s specific needs, with each case evaluated individually.

Thus, it can provide opportunities to make purchases in any situation, including assisting in the growth of the company.

If you need this type of service, keep reading.

Who can Apply?

Nedbank sets specific criteria for selecting clients for its credit card, clearly outlined on their platform.

First, applicants must be at least 18 years old and legally registered in the country, either as a native citizen or a foreigner with a valid visa.

For businesses, an annual turnover of R360,000 is required. The company must have been operational for a minimum of two years and demonstrate growth.

Additionally, legal entities need to be registered and have corporate finances to be eligible for this type of credit card.

In this way, every application is under Nedbank analysis. Fitting the criteria doesn’t guarantee your application.

How do I Apply for the Nedbank Business Credit Card?

The Nedbank credit card platform features a ‘Call Me Back’ button to initiate the business application process.

By selecting this option, you will be connected with a dedicated customer service team to understand your company’s needs and offer the best possible proposal.

The service is available 24/7. For those in South Africa, the contact number is 0800 116 400, and for international clients, the number is +27 (0) 31 820 5915.

Alternatively, you can email [email protected] for assistance.

Nedbank also provides a ‘Call Me Back’ form requiring details such as first and last name, contact number, email, company name, province and city, Nedbank business account number (if applicable), and type of request.

After submitting the form, the customer service team will reach out to start the process. Business accounts can be opened online via the website or app, typically taking just 5 to 10 minutes.

Additionally, you can visit a bank branch or request a call through the app.

More Details

Customers who receive an American Express card benefit from double rewards in dollars, with both cards issued in a single statement.

In addition to banking services, the Nedbank card offers additional business advantages.

You can register your company online using BizPortal or in-branch via SwiftReg. SimplyBiz is a complimentary networking platform that facilitates connections with other Nedbank clients for business purposes.

Entrepreneurs can also obtain a guide tailored for small business owners. Furthermore, access to services is available through Avo, Nedbank’s sales app.

In this way, the card is very efficient for businesses, but it is necessary to provide the income and necessary proofs to justify the product.

Want to learn about another option?

Nedbank also has a version for small businesses, offering similar benefits and access to the Bidvest Lounge.

Nedbank Small Business has more flexible requirements to adapt to different businesses, and you can see how to apply.

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