This upgraded card is designed to provide users with more benefits than the older Nedbank American Express Credit Card.
Would you consider this new Nedbank American Express Platinum Credit Card? Are you curious about what it actually offers?
This review details everything you need about the Nedbank American Express Platinum Credit Card. Here, we will look at the features, benefits, how it works, rates and the application process. Let’s get in.
Features of the Nedbank American Express Platinum Credit Card
The following features make Nedbank American Express Platinum credit cards stand out. First, the card boasts comprehensive travel insurance, ensuring you’re covered for emergencies and unexpected travel situations. This covers up to R10 million worth of emergencies.
The card uses chip and PIN features to enhance security. Plus, you get an SMS notification in case of any transaction on the card.
Also, you can set your desired withdrawal or transfer limits on the card through the Mobile App. All these and the option to block, replace, freeze, or unfreeze your card on the Mobile App ensure that your card and transactions are safe and secure.
Another essential feature of this credit card is the credit life insurance. While optional, this cover helps to protect you in case of unwanted occurrences such as critical illness, retrenchment, disability, or death.
How the Nedbank American Express Platinum Credit Card Works
To get started, you must apply and meet the approval criteria. Upon approval, you’ll receive a generous welcome bonus of 30,000 membership points after spending at least R10,000 in your first three months as a member, jumpstarting your rewards journey with the card.
You can use your card globally at any merchant that accepts American Express, in-store, online, ATMs, or abroad. The card supports convenient payment methods like tap and go and QR code payments and is compatible with digital wallets such as Samsung Pay, Apple Pay, Garmin Pay, and Fitbit Pay.
Travel perks also abound with the American Express Platinum Credit Card. You can access over 1,200 lounges across 400 cities worldwide through Priority Pass and enjoy unlimited visits to local Bidvest Premier Lounges.
You also get exclusive privileges at The Centurion Lounge, tailored for Platinum Credit Card Members, and through the American Express Global Lounge Collection, which provides access to over 1,400 airport lounges globally.
For a smooth airport experience, enjoy upgrades with Fastrack VIP “meet and greet” services at specific airports and a 20% discount on these services at participating lounges.
Travel in luxury with benefits like complimentary upgrades to first class with Etihad Airlines and discounts on Business Class bookings with various airlines.
Dedicated concierge services are available 24/7 to assist with travel plans, ensuring a seamless and stress-free experience.
Plus, membership in the Avis President’s Club provides global discounts on car rentals, completing a robust package of benefits tailored for frequent travelers.
Pros and Cons of the Nedbank American Express Platinum Credit Card
What are the Nedbank Amex platinum card benefits and drawbacks? Let’s explore:
Benefits
Here are the benefits of the Nedbank American Express Platinum Credit Card:
- Premium Golfing Experience: Receive one year of complimentary access to Hole19’s premium features, including accurate GPS distances, to enhance your decision-making on the golf course.
- Automatic Platinum Status: Gain automatic Platinum status with Tsogo Sun, granting you access to discounts on movies, dining, and accommodation.
- Exclusive Dining Discounts: Enjoy exclusive access to the Amex for Foodies dining programme, where you can get up to 20% off your bill at 30 premium restaurants.
- Streaming Subscription Bonus: Get three months of free streaming when you use your Platinum Card to pay for Spotify, Amazon Prime, Netflix, Showmax, or Audible.
Cons
- Service and Facility Fee: One downside of the Nedbank American Express Platinum Credit Card is the service and facility fee, which can increase the overall cost of maintaining the card.
Rates and Fees
Let’s break down the rates and fees for the Nedbank American Express Platinum Credit Card. First, the interest rates are personalized. This card requires a monthly service fee of R490 and a once-off initiation fee of R180 to get started.
One of the perks is that you’ll enjoy free access to the Membership Rewards Programme, which can be quite beneficial. If you ever misplace your card, don’t worry — Nedbank provides free replacement and delivery for lost cards.
Another advantage is that you won’t be charged when you swipe your card for purchases. This can add significant savings over time, especially if you use your card frequently for transactions.
Eligibility Criteria and Requirements
What qualifies you for American Express Platinum Card? Before applying for the Nedbank American Express Platinum Credit Card, you need to consider some criteria and documents.
First, you must be over 18 years old. Additionally, you must reside in South Africa and possess a valid South African ID or a valid passport and work permit. You must also have a monthly income of at least R62,500 before tax and maintain a healthy credit score.
You will need to provide your South African ID, a valid passport, and a work permit for documentation. Furthermore, you must submit payslips for the past three months or stamped bank statements for the same period.
How to Apply for the Nedbank American Express Platinum Credit Card
Applying for the Nedbank American Express Platinum Credit Card is easy. When you’re ready, you have several convenient options. The first method is to apply online through Nedbank’s website or secure Online Banking platform.
If you’re new to Nedbank, you’ll need to create an account first and get a Nedbank ID. This can be easily done through the Nedbank Money app or Online Banking platform. Once your Nedbank ID is set up, you can proceed with your credit card application.
Existing Nedbank clients can log in to their online banking account to start the application process. This streamlined method allows you to handle your application efficiently through your existing account.
You can apply in person at a Nedbank branch near you if you prefer a more personal approach. Alternatively, you can initiate your application over the phone by calling 0800 555 111 to speak with a Nedbank representative who will assist you immediately.
Conclusion
The Nedbank American Express Platinum Credit Card is a versatile and rewarding financial tool that provides significant value to its members. Although it comes with various fees, it offers multiple benefits and features to enhance South African residents’ everyday spending and travel experiences. This card is ideal for those who appreciate premium services and robust financial protection.
