For those of you thinking of taking out a credit card with Nedbank and are responsible with your money, no matter how large your credit balance you will not receive a cent in interest until it reaches R10 million. I was using mine to save for upcoming dental treatment and was threatened with cancellation as I was not using it for the required purpose of getting into debt. I asked how they could cancel a card when there was a credit balance on it and questioned why I was not in fact getting interest - as other banks do, I received a very patronising email from Mr Manicus informing me that the terms and conditions mentions the bank "may" give interest, but in fact only on credit balances of over R10 million.
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