See How to Apply for the Nedbank Small Business Credit Card

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

The Nedbank Small Business offers great benefits for your companies, such as double-dollar rewards, Bidvest lounge visits, and basic travel insurance!

If you’re seeking a card for managing your company’s expenses, consider exploring Nedbank Business, which offers Mastercard or American Express options, including double rewards in dollars.

Nedbank is a South African company with a history spanning over 130 years, operating across various countries on the continent.

Positioning itself as a leading retail bank in the region, Nedbank provides a wide range of services, including account management and credit card issuance.

The Business Credit Card targets companies with an annual turnover starting at R360,000, featuring an initiation fee of R472 and an annual fee of R445.

Once you have the card, you can manage your finances through the Money app and online banking, consolidating both personal and banking services conveniently.

Employees can also be issued cards with different profiles linked for efficient switching. To apply for the card, you need to hold an account with Nedbank.

Depending on the client’s financial conditions at the time of application, the Nedbank Business Card can feature either the Mastercard or American Express logos. The credit limit is flexible, tailored to the specific needs of each company.

If you want to learn more, keep reading.

Who can Apply?

Nedbank outlines precise eligibility criteria on its platform for selecting credit card applicants.

Individuals applying must be at least 18 years old and legally registered in the country, whether as a citizen or a foreigner with a valid visa.

Companies seeking the card must demonstrate an annual turnover of R360,000. Eligible businesses must have been operational for a minimum of 2 years and exhibit growth.

Legal entities must be registered with corporate financial documentation to qualify for this type of credit card.

How do I Apply for the Nedbank Small Business Credit Card?

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

When you request a callback, you will be connected with a dedicated customer service center to understand your company’s needs and offer the best proposal.

This service channel operates 24/7. For customers within South Africa, you can dial 0800 116 400. For international callers, the number is +27 (0) 31 820 5915.

Alternatively, you can contact them via email at [email protected] to submit your inquiries.

Nedbank provides a ‘Request a Call Back’ form where you will need to provide the following details: full name, contact number, email address, company name, province and city, Nedbank business account number (if applicable), and type of request.

Once you submit this information, Nedbank’s customer service team will reach out to you to initiate the process.

You can also open a business account online directly through their website or mobile app, a quick process that typically takes 5 to 10 minutes.

Additionally, you have the option to visit a bank branch or request a callback directly through the app.

More Details

Clients who are issued an American Express card will benefit from double rewards in dollars, consolidated into a single statement.

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

You can digitally register your company through BizPortal or in-branch via SwiftReg. The SimplyBiz platform is a free networking tool that facilitates connections with other Nedbank clients for business opportunities.

Entrepreneurs can also download a guide tailored for small business owners. Moreover, you can manage your services through Avo, Nedbank’s dedicated sales app.

Want to learn about another option?

If you are looking for a card more focused on personal finances, you can explore the Capitec Bank Credit Card, offering a limit of up to R500,000 and travel insurance of up to R5 million.

With the Mastercard logo, Capitec Bank offers attractive benefits, including 1% cashback on smart purchases and Prime rates. Here’s how to apply.

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