Student Visa Credit Card – The Nedbank Card Suited toFor Students
12th Jan 2017
The Nedbank Dezign Student Visa Credit Card is designed to assist and support students who are pursuing their tertiary education. This debit card facility operates as a current account through which Nedbank provides loans to students to aid them in their studies. The card, therefore, provides the benefits like any other of the Nedbank accounts, however with monthly low fixed administrative charges.
Student Visa Credit Card from Nedbank
By fulfilling the base requirement to maintain a minimum monthly balance of R20, the account holder benefits from access to a Personal Money Manager for free. They also receive access to an online financial budgeting tool. This tool enables them to check on transactions on their account. They can also keep abreast with their income, expenditure and school fees. They target this account at this young population who are yet to earn a salary and depend on financial assistance. The credit card company designs the card to keep cost to the client down.
As such the features and transactions on the Dezign Credit Card for students are also free and are inclusive of withdrawals at ATMs and airtime purchases at ATMs. They also include debit card swipes when making purchases, EFTs, online payments of bills, stop orders and debit orders. Also, students can check their balances at ATMs for free. It is important to note that is you use Nedbank ATMs; these transactions are free.
Other benefits linked to the account are mobile money transfers for Imali, ability to purchase prepaid electricity or buy airtime even without airtime and payment of other bills for the fixed monthly charge.
The Process of Opening the Account:
Nedbank has also simplified and made the process of opening the account very convenient. The requirements for the student Visa credit card are simple. The account holder should be a South African national, citizen or permanent resident, aged between 16 and 26 and that they should be a full-time student. The credit card company opens the account once they fill out the form. They then receive their debit card which they can use to swipe for their purchases. They can also pay for their amenities at all points of sales.
The account is also open to non-residents who fit into this age category. However, they do require these people to pay an additional R35. The applicant would have to produce a valid proof of identification such as their South African Identity card, citizenship or residency permit. Non-residents must produce a valid passport with their study permit attached. While they are not required to produce their proof of residence, they do however need to submit their proof of acceptance from the tertiary institution they will be attached to on the institution’s official company stationery such as an acceptance letter on letterhead or student identity card.
The perfect account for the student lifestyle!
All info was correct at time of publishing