Banking29.08.2024

Nedbank’s big cinema savings

Nedbank’s Greenbacks rewards programme offers users up to 30% off on flights and 10% off Apple and Samsung products.

The Greenbacks programme rewards customers based on how they bank.

Nedbank clients have four monthly goals to aim for, each having at least one related behaviour regarding money habits.

To earn more rewards and benefits, users need to increase their rewards level by matching the habits necessary to achieve their goals.

Users have to achieve four goals: main banked, card swiper, structured saver, and responsible borrower.

Main banked requires users to deposit their income into their Nedbank account and set up two debit orders or make three payments using digital platforms.

Card swiper allows users to earn rewards by using their Greenbacks-linked card. Customers can earn up to 2% back on every purchase, depending on their rewards level.

Structured saver allows users to earn rewards for keeping money in a Nedbank savings or investment account.

If users choose to place money in an investment account, it has to be one of the following: Electronic 32Day Notice, JustInvest, Platinum Invest, Tax-free Savings, MoneyTrader or 32Day Notice account.

To meet the responsible borrower goal, users must ensure that they pay their personal, vehicle, or home loan on time every month.

For every goal achieved, users move up one level.

Customers can earn points in the following ways:

  • Pay using their Greenbacks-linked Mastercard, Visa, or American Express card.
  • Users can earn extra points using their Greenbacks-linked American Express debit or credit card.
  • Paying bills on the Nedbank mobile banking app
  • Buying fuel from BP earns users 25 cents per litre
  • Earn 2% back when using the Avo SuperShop

Once users have started earning Greenbacks, there are three ways to redeem the points.

One is to use the Greenbacks Shop Card, which allows users to withdraw cash from an ATM.

Another way is to redeem the points online or on the Nedbank Money app to pay banking fees, transfer into an investment account, buy airtime, data, or electricity, or donate to a charity or cause.

Nedbank also has an online shopping platform called the Avo SuperShop, where users can spend their points and receive exclusive deals and discounts, such as 10% off Apple and Samsung products.

Additional benefits that Greenbacks customers can enjoy are 50% off 2D, 3D, VIP, and Xtreme movie tickets at Nu Metro cinemas and 50% off medium soda and popcorn combos.

Users also get 30% off flights with selected airlines when using Greenbacks travel to book. This can also be done on the Avo SuperShop.

The table below shows what goals users can achieve to move up levels.

GoalLevels moved up
Make three money out transactions on your banking app every month+1 level
Spend at least R5,000 on your card every month
or
Swipe your card at least three times every month
+1 level
Save a minimum of R1,000 a month in a savings account for three months in a row
or
You maintain a balance of R100,000 across your savings portfolio
+1 level
Make three money-out transactions on your banking app every month+1 level
Pay your personal, home or vehicle loan instalments on time and in full every month and do not exceed your overdraft limit+1 level

The table below shows the rewards and benefits Greenbacks users have access to.

PartnerRewards
Nu Metro cinemas50% off on regular 2D and 3D movie tickets
50% off on a medium soda-and-popcorn combo
50% off on VIP and Xtreme movie tickets at selected cinemas
Greenbacks travelUp to 30% off when booking on Greenbacks travel
Samsung, AppleUp to 10% off on products when using the Avo SuperShop
Avo SuperShopUp to 2% cash back in Greenbacks and 1% back in AvoPoints
BP25c back for every litre of fuel
Users can earn up to 2% back in Greenbacks using their Greenbacks-linked Visa, Mastercard or American Express Card.
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