Nedbank’s Small Business Credit Card stands out as a top choice for South African entrepreneurs seeking both control and rewards. This offering provides tailored credit limits to suit your business, as well as impressive perks like double Greenbacks rewards on American Express spend and automatic travel insurance. No interest is due when you pay your balance in full each month, making this card a great fit for businesses monitoring cash flow. Credit limits are personalised based on your financial needs and business affordability, providing the flexibility growing businesses need.

How to apply for the Nedbank Small Business Credit Card

1. Gather all required FICA documents for your business and ownership structure.
2. Visit any Nedbank branch or access the online application portal.
3. Complete the application, providing company details, financial data, and ownership information.
4. Wait for Nedbank to assess your eligibility and creditworthiness.
5. Receive feedback and, if approved, activate your credit card for use.

Pros of the Nedbank Small Business Credit Card

Firstly, you benefit from real-time spend management with the Nedbank Money app. The ability to link multiple cards and set limits helps streamline your company’s expense tracking.

Additionally, double Greenbacks rewards on American Express spend and travel insurance on qualifying spend offer tangible financial value to active business owners.

Cons of the Nedbank Small Business Credit Card

If you miss the payment deadline or don’t settle the balance in full, you will incur interest charges.

There may also be annual or monthly account fees that could affect overall affordability for very small businesses or sole proprietors.

Our verdict

For entrepreneurs and SMEs looking to responsibly build business credit while earning rewards, the Nedbank Small Business Credit Card provides flexibility and value. It is especially effective for those ready to separate personal and company finances, while optimising everyday business spending.