How to Apply for your Credit Card: New Nedbank Gold Card

The New NedBank Gold can be the answer to all your needs, allowing each member to access amounts of money that would otherwise take months or even years to raise. The credits requested must be within your reach of payment and have a predefined purpose for the money that will be available.

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New NedBank Gold

Many reasons and circumstances motivate you to apply for a bank loan. Some of these are:

• Acquiring or remodeling a property.
• Personal expenses, such as payment of utilities or food expenses.
• Start a new business, expand or buy a business.
• To face any emergency or unforeseen event.
• Pay off debt.
• Pay tuition.
• Pay medical expenses.
• Vacations or events.

A bank credit is an amount of money that a bank makes available to its customers, with the obligation to return only the part spent, with different interest rates, based on the type of credit plan.

How to apply for New Nedbank Gold?

In case you are already a member of Nedbank, the application process is based on creating an ID in the mobile application or the online platform and after that, applying. If you are not a bank member, you must submit different mandatory requirements to create a bank account, and following this, submit your application. The requirements are:

• Be a South African citizen over 18 years old.
• Valid ID or passport.
• Presentation of three months’ salary or three months’ bank statements.

Payment rates

After all the personal information has been verified, it is necessary to establish the credit limit you wish to receive considering that this can be modified if required, either through the Money application or Online Banking. It is also necessary to establish the monthly service fee, being a minimum of R40.00, divided into:

• Service fee: R20
• Credit facilitation fee: R20.

If you pay your installments in advance, without letting the deadline arrive, you will receive up to 55 days completely interest-free, with a personalized interest rate.

If your credit card is lost or stolen, through Money, you can request an additional card for R30, and even using the same application, you can deactivate or block the card if necessary, and consult and manage all your transactions in real-time.

If you want to make your purchases easily, you can scan using the QR code option and link your card with payment platforms such as Apple Pay, Samsung Pay, Fitbit Pay, or Garmin Pay.

New NedBank Gold Rewards and Benefits 

One of the advantages of this credit card is the flexibility it offers its users to adapt according to their preferences, rates, limits, payment options, periods, and much more. You can use the card when making purchases online, at ATMs, and national and international retailers.

By making purchases with your New Nedbank Gold card, you can receive discounts and exclusive offers at various national merchants, as well as famous reward points and even the opportunity to earn dollars by activating the feature through the online platform.

Some benefits that can ensure a better lifestyle vary based on the type of credit requested by the customer. Some of these are:

• Nu metro movie tickets with a 50% discount when paying with your credit card.
• Restaurant offers, discounts on food, reservations, and even car rentals for transportation during your trip.
• Discounted hotel accommodations when you swipe your New Nedbank Gold.
• Discounts when paying for your services with some NedBank partners.

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Credit insurance

The New NedBank Gold, among its many features, includes the chargeback option, which guarantees protection on each of your purchases, preventing any extra charge from being made. If this happens, you can claim it through the Money application.

You can also insure your credit card, with the optional life coverage, facing any situation, whether the owner dies, has an accident and becomes disabled, is diagnosed with a terminal illness, or in another case, is fired.

When you use your credit card to travel, you can optionally receive complimentary travel insurance, which will cover certain expenses in case of accidents, loss of luggage, or flight delays, among others. It will also cover airport transfers in case of emergencies.

Security

To maintain security, privacy, and confidentiality, Nedbank has strict security measures to ensure that each member’s data and credit assets are safe.

You can receive through the messaging service in real time any transaction made. You can also verify, consult and manage your movements through Money or the online platform, which allows you to be aware of any unusual movement and immediately notify the customer service department.

As a preventive measure, you can set limits for transfers and withdrawals at ATMs, reducing the risk of fraud or theft.

Recommendations

• Make sure you pay your installments up to date.
• Don’t spend more than 50% of the credit. In the case of doing so, do not reach the credit limits, nor extend them frequently.
• Notify the bank of any economic change, such as a layoff.
• Establish the real purpose of the credit before applying for it.
• Do not share your data with third parties.
• Do not put your credit profile at risk.
• Comply with the credit card acquisition conditions.
• In case of loss, immediately inform Nedbank’s customer service, and at the same time, block the card and deactivate the transfer or ATM withdrawal functions.

Within the Nedbank online platform, you will find additional information, which will allow you to learn about specific features and functions of the credit plan, as well as a guide on how to manage your card, reward points, reduce the risk of fraud, and much more.

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