Utilising an American Express credit card gives you the added benefits of financial independence, personalised credit cards, travel services, foreign exchange and financial services. Amex also offers a rewards programme in which you are able to earn points with every American Express transaction you make.
Currently Nedbank offers American Express Credit cards in blue, gold and platinum as well as gold and green charge cards. Be sure to consider the added benefits of using an American Express credit card when comparing credit cards for your needs.
| Card |
Suitable Income |
Initiation Fee |
Yearly Fee |
Interest Free Period |
Debit Interest Rate |
| Amex Blue Credit | R36000 + | R112,00 (Once-off fee) | R165.00 | 55 days | 18.15% |
| Amex Gold Credit | R120000 + | U/A | R255.00 | 50 days | 17.90% |
| Amex Platinum Charge | R750000 + | U/A | R2850.00 | 55 days | 16.00% |
| Amex Gold Charge | R200000 + | R475.00 (Once-off fee) | R475.00 | 55 days | 16.25% |
| Amex Corporate and Business Charge Card | U/A | U/A | U/A | U/A | 15.50% |
Charge Cards
> Complete control over your spending and want to settle your bill in full every month.
> Offer an exceptional combination of benefits and services, including Membership Rewards Programme and no pre-set spending limit.
> No conventional preset spending limit like a typical credit card, but rather a shadow limit* that reinforces your financial flexibility. This shadow – spending limit is variable and is reviewed regularly based on a number of factors, including your credit record, account history, spending patterns and our current understanding of your financial resources.
> To protect you we also closely monitor your account for out-of-pattern (potentially fraudulent) spend behaviour. Please call us should you be planning larger-than-usual expenditure in the near future, or if you wish to ascertain or increase your current shadow limit.
> Charge cards require you to settle the full amount of your bill on the specified payment due date. If the bill is unpaid, interest is charged from the day of purchase and your ability to use the Card may be affected.
Credit Cards
> Credit Cards help you manage your finances and give you the flexibility to pay your balance over time.
> Choose between our Blue or Gold, both of which offer competitive interest rates, and all the benefits of Card membership.
> Membership Rewards™ Programme.
> Credit Cards have a maximum pre-set spending limit and the flexibility to pay either the full amount or the minimum amount of 10% (Blue Credit) or 5% (Gold Credit) no later than the specified payment due date.
* ‘Shadow Limit’ – a limit that is used to manage the risk exposure and minimise potential fraud. The shadow limit or spend limit is adjusted in accordance with the cardmembers ongoing spend patterns and his ability to pay the full outstanding balance on his account each month