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home > rates & charges > effective account management >
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Credit Card
One of the reasons your Nedbank credit card account is a highly effective financial tool is that purchases made with your card do not attract transaction charges, apart from the N$0.20 stamp duty. Plus, your Nedbank credit card is accepted at over 20 million outlets worldwide, which saves you the worry of carrying large amounts of cash or needing extra foreign currency when abroad.
Credit card account charges
| Credit card account charges |
| |
Gold credit card |
Classic credit card |
| Annual fee |
N$135.17 |
N$69.61 |
| Lost-card protection fee |
Free |
N$35.11 per annum |
| Card replacement fee |
N$69.61 per card |
N$69.61 per card |
| Transaction fee |
Free |
Free |
| Statement request |
N$7.00 per statement |
N$7.00 per statement |
| Local voucher copy request |
N$40.35 |
N$40.35 |
| International voucher copy request |
N$151.32 |
N$151.32 |
| Charges for credit card account cash withdrawals Gold Credit Card and Classic Credit Card |
| ATMs |
N$2.88 plus N$0.91per N$100.00 or part thereof |
| Saswitch ATMs |
N$2.85 plus N$0.90 per N$100.00 or part thereof
plus N$6.36 |
| Overseas |
N$33.29 |
| Credit card account penalty charges you can avoid |
| Returned cheque |
| or automatic payment order |
| for credit card account payments |
N$75.66 |
| Over credit limit |
N$75.66 |
| Late payment |
N$83.23 |
| Please note: All fees include 15% VAT. |
Experiencing the value of your credit card account
Your Nedbank credit card account offers you the following
value-added benefits:
- Competitive interest rates on credit balances
- A choice of repayment options that start from as little as 7.5% of your outstanding balance
- Up to 55 days' interest-free credit on purchases, if you settle your outstanding balance in full by the payment due date each month
- The convenience of using an automatic payment order to pay your account each month
- Lost card protection, which is free for gold credit card clients, covers you against fraudulent purchases once you have reported your card as lost or stolen
- Free travel insurance when you purchase a travel ticket with your credit card*
*Conditions apply.
Managing your credit card account cost-effectively
- Always pay your credit card account by the payment due date stipulated on your monthly statement. While you may pay the minimum amount of 7.5% of your outstanding balance, remember that paying the full outstanding amount means you avoid finance charges on purchases plus you may get up to 55 days’ interest-free credit
- To avoid penalty charges, do not spend over your limit and avoid returned automatic payment orders or cheque payments on your credit card account
- Check if your credit limit meets your needs. By increasing your credit limit according to your needs, you can avoid the N$75.00 penalty fee
- If your Nedbank credit card is lost or stolen, report it to us immediately on 0800 002 008 and then report it to the police. To avoid paying the N$69.00 card replacement fee remember to provide us with the police case number
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