Credit Cards

Nedbank Greenbacks

Nedbank Greenbacks is the rewards programme from Nedbank that simply rewards you every time you spend – the more you swipe, the more we give back. As a member you earn Greenbacks for all eligible* spend, whether it’s on your cheque or credit card.

Earn one Greenback for every R5 eligible spend* on your linked Nedbank Credit or Cheque Card. Use your Nedbank Greenbacks American Express.
Credit Card or your American Express Cheque Card and earn rewards at twice the speed for the same spend! You also pay one monthly fee for both cards.

Every time you use your card for a qualifying transaction you earn Greenbacks with which you can redeem exciting rewards from a cherry-picked selection of Greenbacks Partners.
Rewards include:

– Free flights with or South African Airways.

– Weekends away with Southern Sun and Protea Hotels.

– Shopping vouchers for a selection of shopping malls as well as the Wine of the Month Club.

– Great offers from Digital Planet, Musica, Red Envelope and NetFlorist.

– Car hire with AVIS Rent-a-Car.

– Charitable donations: a selection of worthy causes.

– Pay your bank charges: contribute to your monthly Nedbank banking charges.


If your Nedbank Card remains active you can accumulate Greenbacks to spend on the reward of your dreams.
However, your Greenbacks will fall away if:
– Your card is inactive for five or more months.
– You cancel your Greenbacks membership.
– You cancel you Old Mutual Bank account.
– Membership Fee
– R160.00 per annum. You can link up to 10 credit or cheque cards to your Greenbacks account for no additional fee.

How to earn Greenbacks?

You will earn one Greenback for every R5.00 of eligible spend on your Nedbank Bank credit or cheque card.

The balance on your Old Mutual Bank Greenbacks Account will be updated on a monthly basis and you will receive quarterly statements to inform you of your balance.
Excluded Transactions
The following transactions are excluded from the Greenbacks Rewards Programme:
– Cash withdrawals.
– Casino chip purchases.
– Finance and other card charges.
– Fees or taxes levied by Old Mutual Bank or the government.
– Purchase of travellers cheques or other negotiable instruments.
– Garage card transactions.
– Budget account instalments and interest thereon.
– Insurance premiums.
To redeem your Greenbacks, please call 011 710 4710

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