Credit cards have become a necessary part of living today mainly due to the convenience and security they offer. A lot of people nowadays prefer to carry cards in their wallets than cash. It also helps that most establishments now offer the option for customers to pay for goods and services with credit or debit cards. In South Africa, there is a wide plethora of credit cards and among them is the Go Banking Credit card.
Like all other cards out there, this plastic card offers greater purchasing power. It can be used anywhere MasterCard is accepted, online or at point of purchase.
Go Banking claims to be a bank like no other mainly because they have no expensive branches that need keeping up and thus, they can offer the same services as other banks usually offer but with lesser fees. Cardholders can access their funds at all Nedbank branches, self service terminals, ATMs and from more than 5000 Pick n Pay tills all over the country.
Go Banking offers a credit and debit card, each can be linked with a garage card. They also have a Balance Protection Plan that gives cardholders insurance for up to R100, 000 on the card. Travel Insurance is also obtainable for cardholders who are planning a trip out of South Africa. The insurance provides medical, accident and burial coverage.
Be sure to compare other credit cards in South Africa with the Go Banking credit card and weigh all your available options.
Credit Card Information
| Suitable income | R36,000 p/a |
| Monthly Fee | R9.95 |
| Interest Free Period | 55 days |
| Interest Rate Debit | 22.10% |
Charges
| TRANSACTION TYPE | CORRESPONDING FEES |
| SERVICE FEES | |
| Balance Enquiry | R2.20 (first month fee) |
| ATM enquiry (Nedbank) | R1.20 (first month fee) |
| ATM enquiry (Saswitch) | R3.60 |
| Second card | Free |
| Replacement card | R75.00 |
| CASH WITHDRAWAL | |
| Nedbank ATM | R3.50 + R1.10 per R100 (or part thereof) |
| Saswitch | R9.00 + R1.10 per R100 (or part thereof) |
| Nedbank Branch | R23.00 + R1.10 per R100 |
| Abroad | R23.00 + R3.50 + R1.10 per R100 |
| International currency conversion | 2.00% |
| TRANSFERS AND PAYMENTS | |
| Payment (self service terminal and internet) | R3.65 |
| Transfer (self service terminal and internet) | R3.65 |
| Transfer (branch) | R13.00 |
| DEPOSIT FEES | |
| Cash deposit (Nedbank ATM and branch) | R3.50 + R1.15 per R100 (minimum R17.50) |
| Cheque Deposit | R13.50 |
| NETBANK TRANSACTIONS (Internet Banking) | |
| Balance enquiry | Free |
| Inter-account transfer | R3.65 |
| Third party payment | R7.25 |
| Transaction list (up to 5 years) | Free |
| Payment notification via SMS | R0.65 |
| Payment notification via e-mail | R0.50 |
| Payment notification via fax | R2.90 |
| PENALTY CHARGES | |
| Dishonoured payment | R125 |
| Declined authorisation | Free |
| Tracing | Up to R377.00 |
| Late payment | Free |
| Incorrectly disputed transaction fee – local | R150 |
| Incorrectly disputed transaction fee – international | R150 |
| OTHER FEES | |
| Monthly internet banking subscription | R15.00 |
| Garage/fuel transactions | R3.65 |
| Face-to-face delivery | R135 |
| Same-day card replacement and delivery | R375 |
| Transactional SMS | FREE |
| Special clearance of cheque deposited in branch | R65.00 |
| NEDBANK FEES | |
| ATM transaction list | First free, R3.60 thereafter |
| NEDBANK SSD TRANSACTIONS | |
| Cash withdrawal | R3.65 |
| Balance enquiry | R1.20 |
| Denied transaction fee | R1.10 |
| PHONEBANK TRANSACTIONS | |
| PHONEBANK SELF-SERVICE TRANSACTIONS | |
| Self-service balance enquiry | Free |
| Self-service inter-account transfer | R3.65 |
| Self-service third party payment | R7.25 |
| PHONEBANK AGENT ASSISTED TRANSACTIONS | |
| Agent assisted balance enquiry | Free |
| Agent assisted inter-account transfer | R6.60 |
| Agent assisted third party payment | R10.50 |
| Agent assisted fixed transaction list | R9.50 |
| CELLPHONE BANKING TRANSACTIONS | |
| WAP TRANSACTIONS | |
| Cellphone banking (WAP) balance enquiry | Free |
| WAP inter-account transfer | R3.65 |
| WAP third party payment | R7.25 |
| SMS TRANSACTIONS | |
| Cellphone banking (SMS) balance enquiry | Free |
| SMS inter-account transfer | Free |
| SMS third party payment | Free |
Disclaimer
Please note that the rates quoted above are current from printing and to be used as a guideline only. These rates are subject to change. Please note that Terms and Conditions apply. Contact the bank directly for additional information and to verify fees and charges.