We issue you with an American Express Card and a back-up Visa card, linked to one account with one credit limit.
A percentage of your eligible spend* is invested into a money market unit trust investment every time you use your card. The American Express Card gives you a bigger investment.
- Old Mutual American Express Investment Credit Card: = 1% investment reward
- Old Mutual Visa Investment Credit Card = 0.5% investment reward
Our retail partners grow your investment faster
We have agreements with various retailers. Use your American Express Card at one of our retail partners and we will invest an additional percentage of your spend for you, usually between 1% and 5%, but up to 10% (Avis) and 20% (College SA).
Other Old Mutual Investment Credit Card features
- You only pay a simple, flat monthly fee of R35.
- There are no transaction fees on purchases so use your card even for small purchases and grow your investment faster.
- Choose to settle your outstanding balance in full by the due date each month, and benefit from up to 55 days' interest-free credit.
- Receive sms notifications for purchases of R500 or more.
- Use the budget facility (3 to 36 months) for large purchases.
- Withdraw cash at over 1 million ATMs worldwide. (Obtain a PIN from your nearest Nedbank branch.)
- Enjoy automatic lost card protection against fraudulent use of your credit cards, both locally and abroad.
- For a low monthly premium the Balance Protect Plan will settle the outstanding balance on your Old Mutual Investment Credit Card Account in the event of death, disability, critical illness or retrenchment. A maximum of R100 000 will be paid per account.
*What is eligible spend?
“Eligible spend” refers to most day-to-day purchases like groceries, petrol and account payments. Transactions that will not contribute to your money market unit trust are cash withdrawals, finance or other credit card charges, paying insurance premiums, purchasing traveler’s cheques or other negotiable instruments, buying casino chips, fees or taxes levied by us or the government, budget account installments and interest thereon, and Internet transfers or payments from your account.