How do I Apply for the Nedbank Business Credit Card?

What do You Need to Know Before Applying for the Nedbank Business Credit Card?

If you are looking for a card to pay your company’s bills, you can check out Nedbank Business, with options for Mastercard or American Express, including double rewards in dollars.

Nedbank is a South African company with over 130 years of history, operating in different countries across the continent.

Functioning as a retail bank, it positions itself as one of the largest in the area, offering various types of services, such as account management and credit card issuance.

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

Upon obtaining the card, you can manage the funds through the Money app and online banking service, consolidating banking and personal services in one place. 

You can also issue the card to employees, linking different profiles to switch efficiently. To access the card, you will need to have an account with Nedbank.

The Nedbank Business Card can be issued with Mastercard and American Express logos, depending on the conditions presented by the client at the time of application. 

In terms of credit limit, it is highly adaptable to the company’s general needs, with a case-by-case analysis of each situation. 

Who can Apply?

Nedbank has quite specific conditions and makes them clear on the platform to select clients for the credit card. 

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

Regarding the company, it is necessary to present an annual turnover of R360,000. To qualify, the company must have been in existence for at least 2 years and show some growth. 

For legal entities, it is necessary to be registered with corporate finances to qualify for this type of credit card. 

Learn How to Apply for the Nedbank Business Credit Card

The Nedbank credit card platform has a ‘Call Me Back’ button to start the business application.

By requesting the button, you will have a dedicated customer service center to understand the company’s needs and provide the best possible proposal.

The service channel is available 24 hours a day, 7 days a week. For the public within South Africa, the number is 0800 116 400. For those outside the country, the phone number is +27 (0) 31 820 5915. 

Another option is the email [email protected], which is available to receive requests.

Nedbank offers a ‘Call Me Back’ form, and you need to provide the following information:

• First and last name
• Contact number
• Email
• Company name
• Province and City
• Nedbank business account number (if any)
• Type of request

After sending the information, the bank’s customer service team will contact you to start the service. 

You can open a business account online directly through the website or the app, a process that takes just 5 or 10 minutes. 

In any case, you can also visit a bank branch or request a call directly through the app.

Clients who receive an American Express card will enjoy double rewards in dollars, with dual issuance in a single statement. 

More Details

Besides banking services, you have other business benefits with the Nedbank card. 

You can register the company online on BizPortal or at the branch via SwiftReg. The SimplyBiz system is a free networking platform to connect with other Nedbank clients and do business. 

The entrepreneur can also download a guide for small business owners. Additionally, you can access your services through Avo, Nedbank’s sales app.

Want to learn another option?

The South African market offers good card options for individuals, such as Absa Premium Banking with Absa Advantages and Rewards, with monthly fees of R97. 

Additionally, the card provides benefits such as access to Bidvest VIP lounges and exclusive Visa offers. See how to apply.

Written by

Gabriel Gonçalves