Balance Transfer NCC Solution
Promotion terms and conditions
1. The promoter
Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this promotion. We reserve the right to make it available to only certain Nedbank clients.
2. Promotion period
The promotion starts on 7 April 2025 and will end on 30 August 2025 (promotion period).
3. Who can and cannot participate in the promotion
3.1 A participant (you, your) must:
3.1.1 be 18 years or older;
3.1.2 have a South African ID document or card;
3.1.3 ensure that your account is in good standing, which means that it may not be in arrears or have been handed over for legal collection; and
3.2 Be an existing Nedbank Credit card holder that has an available balance sufficient to settle their external card balance.
3.3 Your card account must be up to date, meaning it may not in default or any stages of collections.
3.4 You must have a Nedbank transactional account.
3.5 Our employees (including temporary and contract employees), associated companies, agents, contractors, and sponsors may participate in the promotion.
4. The offer
Clients who meet the above criteria will be able to transfer the balance on their existing credit cards with other banks to their Nedbank credit card facility at 15% interest rate for 48 months and all clients who participate in this campaign will receive R1000 deposited into their Nedbank transactional account.
5. How to qualify for the offer
5.1 To qualify for the offer, you must do the following during the promotion period:
5.1.1 Apply and be approved for a balance transfer with Nedbank.
5.1.2 You must accept the offer that relates to the balance transfer.
5.1.3 You must close your credit card with the third party after the balance on that card is paid up through the balance transfer within 90 days after accepting the balance transfer offer.
6. How the offer is given out
6.1 If you qualify for the offer, the following applies:
6.1.1 You will receive the offer only after we have verified and confirmed your details, including your compliance with these terms and conditions.
6.1.2 This offer will expire on 30 August 2025.
6.1.3 You will receive the R1000 offer within 30 business days after accepting the balance transfer.
6.1.4 Nedbank reserves the right to debit your credit card account with Nedbank with R1000.00 in the event that you do not close your credit card account as set out in clause 5.1.3 above.
6.1.5 We will not be responsible for any technical failures affecting your participation in the promotion or if your entry has been left out from participation.
6.1.6 If a dispute arises, our decision will be final and binding on all aspects of the promotion, and we will not discuss the matter further.
6.1.7 All costs or expenses relating to the offer that have not been mentioned here are excluded.
6.1.8 We will not be responsible for any delays in your taking up the offer.
6.1.9 We will not be responsible for any additional conditions that third parties impose.
6.1.10 We will give the offer directly to you and not to anyone else, and we will not replace it with cash.
6.1.11 We will not be liable for delays or failure to deliver any part of the offer resulting from acts beyond our reasonable control. We will let you know as soon as reasonably possible if the offer is affected in this way.
6.1.12 We reserve the right to replace the offer at any time with another of similar commercial value.
7. General
7.1 All information about this promotion, including information that is published on any promotional material, is part of these terms and conditions.
7.2 By participating in the promotion, you agree to be bound by these terms and conditions.
7.3 These terms and conditions are available on our website at nedbank.co.za throughout the promotion period.
7.4 We may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. If you decline our request, you will still receive the offer.
7.5 By entering and participating in this promotion, you acknowledge that your personal information needed for the promotion will be shared with us and our agents, but only to the extent necessary for this promotion. Your personal information will be used in line with South African consumer and data protection laws.
7.6 We may extend, shorten or cancel the promotion immediately and without notifying you if it is permitted by law, if we must do so by law, or for reasons beyond our control. If this happens, you will give up any rights that you may have in terms of this promotion and you will have no recourse against us or our agents, contractors or sponsors as a result of the extension, shortening or cancellation.
7.7 This balance transfer product shall at all times remain subject to Nedbank’s lending requirements and be subject to applicable laws. We reserve the right to not make the balance transfer product available to you should your credit profile not meet our internal requirements.
7.8 We or our directors, employees, agents or suppliers will not be responsible for any direct or indirect loss or damage resulting from your participation in the promotion, or for any accident, injury, harm, costs, or death that you or any other person who participates in the offer sustains at any point during the fulfilment of the offer.
8. More information
For more information about the promotion, call us on 0800 555 111.