Nedbank Black Card

Nedbank Black Card

Nedbank black card is a private banking card designed for the wealthy or high-income earning individuals earning R1,500,000.00 per year and or having investable assets worth R5,000,000.00. It comes with a monthly service fee of R452.00. 

Nedbank’s black card is one of the most recognisable black cards in South Africa. The Nedbank black card is the second hardest private banking card to get in terms of ‘income requirement’. Of all the private banking accounts/cards available in South Africa the card comes with the lowest monthly fee. 

It is no surprise that Nedbank is trying to make the black card an exclusive card. The card is generally made for the ultra-wealthy. This is shown by the benefits that come with being a holder of the card.

Offerings such as the ‘philanthropy services’, set the card apart in terms of prestige from any other Nedbank card. This is further proof that the card is for those with extra money to spend. 

The Nedbank black card is, however, not the most elite black card that you can get from the bank. With the help of American Express, Nedbank issues the most prestigious black card in the world known as the Centurion black card. The Centurion black card is esteemed as ‘the black card’ and is only available through invitation by American Express. 

The Nedbank black card comes with an entire plethora of benefits from travel benefits to investing benefits. We will now examine it in full below. 

By qualifying for a black card, you get to have unlimited first-class banking with consultants at your disposal whenever you need them. You also get to use Nedbank’s stockbroking facilities at no additional charge and invest locally and abroad.