Once approved, earn 30,000 Membership Rewards points with R10,000 of eligible spending in your first three months. Swipe, tap, scan or pay online.
Turn eligible purchases into points to spend on goods or services
Pay where Amex is accepted. Redeem points for available goods or services in the Money app or Online Banking. Redemption requests cannot be changed or cancelled.
Nedbank decides your limit and access to its remainder, based on credit risk and financial conduct. Approval requires credit and affordability checks.
Your interest and the monthly cost of Platinum
Your interest rate is personalised and can change with your risk profile. Nedbank charges R499 a month for maintenance, before the credit facility service fee.
The credit facility fee varies with your risk profile, up to R69. At R36, R499 plus R36 is R535 monthly: R6,420 a year before other charges.
What you need for your Platinum application
Have your identity and income documents ready when you apply.
- You must be over 18.
- Live in South Africa with a valid local ID, or passport and work permit.
- Earn at least R62,500 a month before tax; have healthy credit.
- Pass credit and affordability assessments.
- Have 3 months’ payslips or 3 months’ stamped bank statements ready.
From applying to receiving your Platinum card
- If new, create a Nedbank ID in the Money app first.
- If already a client, log in to apply.
- You can also apply at a branch or by phone.
- Sign your card in the space provided on receipt.
FAQ
Do debt repayments and cash withdrawals earn the welcome points?
Store-card instalments, debt repayments to financial institutions, cash withdrawals, casino chip purchases and insurance do not count.
Which charges and travel-related payments miss the welcome target?
Fees, taxes, card and finance charges are out. So are garage-card transactions, budget instalments and interest, travel or forex instruments.
Do fuel purchases or transfers count towards welcome points?
Fuel is excluded, except Greenbacks earned at bp. Internet transfers and linked-account electronic fund transfers are excluded.
How much will an extra Platinum card cost for my family?
Your first extra Platinum card is free. If you add more, each subsequent extra card carries a R63 monthly fee.