Having a credit card can be an important tool nowadays. They act as a credit line with your bank, so you can get more expensive purchases or cover the costs of an unexpected emergency, for example.
Used rationally and within your means, they can also assist you build your credit score history and balance your planning. These are some of the good reasons for you to know how to make a Nedbank credit card application.
In this article we will tell you more about the documents you need to present and the requirements you need to fulfill to apply for a credit card at nedbank. We also offer a guide for you to choose which way to apply offered by the bank is more convenient for you.
Continue reading our article and discover information about how to make a Nedbank credit card application!
What Do You Need To Apply For A Credit Card At Nedbank?
Other than being able to prove you are 18 or older, there are some standard required documents you need to be able to present for your application, no matter what card you choose to apply to. These are:
Your South African ID or Smart Book, or a valid passport and work permit if you are not a citizen;
- A proof of residence in South Africa no older than 3 months;
- The bank statement (the last 3 months)
- Your latest 3 payslips or proofs of income if you are self-employed.
You will need to be able to prove you earn enough to qualify for the minimum monthly earning requirement of the card you are applying to. For example, the New Nedbank Gold card, the most accessible the bank has to offer, has a minimum income of R5.000 per month.
Of course, you also need to pay the monthly service fee, which starts at R40 per month for the New Gold Card.
During the application process, the bank will conduct a background and credit history. That’s why it is advisable to keep a good credit score and settle any standing debts before applying for a credit card.
How To Make A Nedbank Credit Card Application?
When you have your documentation and are ready to apply for a credit card at Nedbank, you can do it in many different ways. If you want to do it from the comfort of your home and save time, you can apply online. You will need to provide your identification details and then will be able to choose the card you would like to apply for.
You can also apply after logging into your Nedbank ID online banking profile. If you are a client of Nedbank’s already but haven’t registered for your Nedbank ID yet, you can do so from this link or on the bank’s app for smartphones.
If you would rather apply by phone, yo can reach Nedbank’s credit card application line at 0860 555 111. An attendant will assist you through the procedure.
But if you are the type who prefers applying in person, you can make your application on a bank branch as well. Nedbank even offers a branch locator tool on their website so you can find the nearest one to you.
Now that you know more about how to make a Nedbank credit card application, continue reading our blog for more useful practical life tips like this!
Frequently Asked Questions
How Long Does A Nedbank Credit Card Take To Arrive?
After your application is approved and processed, it can take about 2 working days for the card to arrive and be delivered in the method you have chosen during your application.
If you have opted for a different method than personal delivery, such as collection at a Nedbank branch, you should see if it has arrived after this 2-day period.
How Do I Know If I’m Eligible For A Card?
The first thing to do is to see if you meet the minimum requirements needed to get an approval at your credit card application, such as if you earn enough and are old enough to apply. Then you should also see your credit score, which is considered by the bank during your application to decide if it should be approved or not.
What’s The Minimum Credit Score Needed For A Credit Card In South Africa?
Usually, the consensus is that the minimum credit score needed to get an approval at a credit card application in South Africa is around 550. Different banking institutions may have their own minimum values, though, so it is advisable to keep your score as high as you can.