The Nedbank Gold Credit Card
Overview
Having a credit card can be a huge benefit to have, especially when it considers unexpected expenses. Murray is also important that you handle your credit card correctly to ensure that you maintain a good credit record and that you always pay your installments on time.
Nedbank is one of the largest banks in South Africa and they offer a gold credit card to their clients. The gold credit card offers the following benefits:
- up to 55 days interest-free credit
- zero the transaction fees
- global ATM access
- optional life cover
- basic travel insurance of up to 1,000,000
- flexible repayment options
- free supplementary card
- once off initiation fee of R135
- a monthly service fee of R30
The Nedbank Gold credit card that includes automated basic travel insurance of up to R1 million as well as flexible repayments and free supplementary card. There is a once off initiation fee of R135 a monthly service fee starts from R30.
In order to qualify for a gold credit card you have to be at least 18 years of age or older, have a good credit rating, be a South African citizen, and earn more than R36,000 annually, or more than 350,000 annually to qualify for a platinum card. You can view a full list of these on the Nedbank website so that you know in advance what the fees are when using your credit card.
A credit card is a very handy option to have if you want both purchases upfront and then repay the bank afterward. The amount of credit you will get will be determined by a variety of factors, including your income level, as well as the eve your credit history and the way that you handle your repayments.
