The Nedbank Greenbacks Rewards programme is a unique offer for ZA consumers looking to get the most out of their spending. This rewards card lets you earn Greenbacks points on transactions, which you can use for cashback at bp stations (25c per litre), movie discounts at Nu Metro (up to 60% off selected tickets), and exclusive deals on platforms like Avo SuperShop. There’s also up to 2% cashback, discounts on Apple and Samsung devices, and flexible redemption options.

There isn’t a specific published interest rate since Greenbacks is a rewards-linked debit or credit card add-on. The monthly fee is just R32, but if you have a MiGoals Plus, MiGoals Premium, or Private Clients account bundled, membership is free. Card limits are determined by your main Nedbank card product’s rules.

How to Apply for Nedbank Greenbacks

Applying for Nedbank Greenbacks is straightforward. Simply ensure you have a qualifying Nedbank transactional or investment account.

Then, log in to the Nedbank Money app or use online banking. There you can access the Greenbacks section to complete your enrolment.

If you’re new to Nedbank, you’ll first need to open an eligible account. You can join Greenbacks during this process.

Membership costs R32 a month unless waived for qualifying accounts. Activation is immediate once you’re signed up.

Enjoy instant access to rewards, cashback, and discounts once your application is processed.

Main Pros of Nedbank Greenbacks Rewards

Firstly, the Greenbacks card lets you collect rewards on everyday transactions, including debit orders, fuel, groceries, and more. This maximises value on regular spending.

The flexibility to redeem your points for cash, pay charges, shop, or even donate to charity is a major plus. Cashback never expires.

Main Cons of Nedbank Greenbacks Rewards

Unfortunately, you must be a Nedbank account holder to qualify, so it may not suit those who bank elsewhere.

Additionally, to truly maximise your rewards, you need to reach higher spend levels and complete certain banking tasks every month.

Verdict: Is Nedbank Greenbacks Worth It?

The Nedbank Greenbacks Rewards card offers tangible value for money and everyday flexibility. The card’s cashback and partnership discounts can put money back in your pocket without complex hoops. Likewise, membership is affordable or free for many. Overall, it’s a rewarding option for consumers who bank with Nedbank and want simple, accessible savings on fuel, movies, and shopping.