Home > All Categories > General > Nedbank - Greenbacks Rewards Programme
Question Title Nedbank - Greenbacks Rewards Programme
Greenbacks Rewards Programme

Your Old Mutual credit or cheque card qualifies you to be a member of the Old Mutual Bank Greenbacks Rewards Programme.
Every time you use your card for a qualifying transaction you earn Greenbacks with which you can redeem exciting rewards from a cherry-picked selection of Greenbacks Partners.

Rewards include:

- Free flights with kulula.com or South African Airways.

- Weekends away with Southern Sun and Protea Hotels.

- Shopping vouchers for a selection of shopping malls as well as the Wine of the Month Club.

- Great offers from Digital Planet, Musica, Red Envelope and NetFlorist.

- Car hire with AVIS Rent-a-Car.

- Charitable donations: a selection of worthy causes.

- Pay your bank charges: contribute to your monthly Old Mutual banking charges.


If your Old Mutual Card remains active you can accumulate Greenbacks to spend on the reward of your dreams.
However, your Greenbacks will fall away if:
- Your card is inactive for five or more months.
- You cancel your Greenbacks membership.
- You cancel you Old Mutual Bank account.
- Membership Fee
- R160.00 per annum. You can link up to 10 credit or cheque cards to your Greenbacks account for no additional fee.

How to earn Greenbacks?

You will earn one Greenback for every R5.00 of eligible spend on your Old Mutual Bank credit or cheque card.

The balance on your Old Mutual Bank Greenbacks Account will be updated on a monthly basis and you will receive quarterly statements to inform you of your balance.

Excluded Transactions

The following transactions are excluded from the Greenbacks Rewards Programme:

- Cash withdrawals.
- Casino chip purchases.
- Finance and other card charges.
- Fees or taxes levied by Old Mutual Bank or the government.
- Purchase of travellers cheques or other negotiable instruments.
- Garage card transactions.
- Budget account instalments and interest thereon.
- Insurance premiums.

To redeem your Greenbacks, please call 011 710 4710

Special Offer!

Hollard Funeral Cover

Funeral Cover
With a hollard Family Funeral plan you will get:

Up to R30 000 cover for you

At no extra cost you will get, up to :

R30 000 cover for your partner

R10 000 per child for up to five children.

Secure The Future Of Your Loved Ones, APPLY NOW And Get Your Free Quotes!

Authored by: Admin This article has been viewed 34296 times so far.
Click Here to View all the articles in General category.

File Attachments File Attachments
There are no attachment file(s) related to this article.
How helpful was this article to you?
User Comments User Comments
User Comment agb@telkomsa.net on Mon, Jun 1st, 2009 at 11:18 AM
How do I use my greenbacks. Were do I apply (balance 199 431) Answer: To redeem your points call 011 710 4710.
User Comment radio@breede.co.za on Tue, Jan 13th, 2009 at 4:00 PM
I joined greenbacks in August 2008 and up and until now all my statements from you have had 0 balances on them - query references are as follows: 36916070; 37650938 and 37868042. What is the problem?????
User Comment jerome@xxx.co.za on Tue, Jan 27th, 2009 at 2:32 PM
speaking about free flights with kulula or south african airways what is the procedure to get free flying ticket and where can we find the entire scale and rewards.
User Comment bella@absolutetiles.co.za on Wed, Feb 25th, 2009 at 11:03 AM
my bonus greenbacks 9646 what is the value in rand or what is the procedure now ? will you be kind and help me pls
User Comment dcupido@colas.co.za on Tue, May 12th, 2009 at 12:41 PM
Please explain to me where I can use my cards to earn greenbacks. I also would like to know what the purpose of the greenbacks are? Can one spend it. I am cery unclear about the whole greenbacks program.
User Comment meatjie@xxx.com on Sat, Jul 4th, 2009 at 1:13 AM
None of the greenback info makes sense...I get this sheet of paper through the post from time to time saying I have a number of greenbacks so I thought it would help to go on this website but I am none the wiser. What is a greenback? If it is instead of money where can I use the green backs. Its no use telling me a number of shopping malls. Which ones? Where? Then you also say weekends away. Where? When?
User Comment brentchad@xxx.net on Sat, Jul 4th, 2009 at 10:11 AM
would like to redeem greenbacks - please email list of partners where this can be done , also all contact details for greenbacks
User Comment coutse@xxx.net on Wed, Jul 8th, 2009 at 8:10 PM
The number of Greenbacks required for a transaction would be useful e.g. how many greenbacks utilized for a R100 shopping voucher etc etc I wonder if this would generate a reply??? Reply: You will earn one Nedbank Greenback for every R5.00 of eligible spend on your card. Eligible spend excludes cash transactions, finance charges and certain other transactions. It costs R160 per annum to maintain your Nedbank Greenbacks account. You can link up to 10 credit or cheque cards to your Greenbacks account for no additional fee.
User Comment meatjie@gmail.com on Thu, Jul 23rd, 2009 at 7:49 AM
completely hopeless system, with no advice. What are greenbacks? How do we use them? I have sked before, I have phoned and still no clue about the ridiculous system.
User Comment nwsc@iafrica.com on Thu, Jul 23rd, 2009 at 12:04 PM
I did not know that I can link my cheque card account to this card
User Comment vernongovender@xxx.co.za on Mon, Aug 17th, 2009 at 9:08 AM
Everybody is saying the same thing....I don't see how you can put us on a rewards programe, have someone print our statements on the number of rewards we have earned and yet the statement does not include redemption or explains how what we can qualify for....
User Comment derekandmarie@xxx.co.za on Mon, Aug 17th, 2009 at 5:51 PM
Still no wiser all very well to tell me I have 18000 greenbacks what must I do with them? No one seems to be able to give an answer. Normally when you trade there is a price for a service or goods you then decide if you wish to trade or not. Here it seems you must supply a wish list and then they\'ll tell you if you qualify or not. What a crock!
User Comment gwarman@hermanus.co.za on Tue, Jan 12th, 2010 at 12:03 PM
The phone number 011 740 4710 given to redeem awards is not working. How else can we get the rewards?? george Warman
User Comment desredempsey21@xxx.com on Fri, Sep 11th, 2009 at 11:04 AM
This greenbacks reward system is pathetic. I have 26000 greenbacks, the value has dropped from 2500 gb = R100 to 3500 gb = R100.00. Plus I must travel 200 kilometers to spend them. Why not send us vouchers that can be used at outlets that are more accessible, instead of shopping malls that are out of reach. I tried to redeem my points online and I received an sms that my request could not be processed. I must phone the help desk, which gives you no option to ask about Greenbacks, and then the call was just cut off while waiting for an operator. Very bad service. Not worth the effort, why don't they just credit your account with the money if it's so difficult to redeem the points.
User Comment lilli@xxx.co.za on Wed, Sep 16th, 2009 at 4:09 PM
Need list of what is available. Why is the Garden Route Mall, George, not included in your Malls. We are a big city. C.T. and P.E. too far away to use them????????
User Comment lill@axxess.co.za on Wed, Sep 16th, 2009 at 4:13 PM
We have no Makro in George but a Mall we would like the Greenbacks to cover. Please arrange this. C.T. and P.E. are too far away. Am retired and dont want Webers or wine etc., but would like to spend the Greenbacks at our Garden Route Mall. Please reply to me. Thanks.
User Comment kevin.lubbe@xxx.com on Sat, Sep 19th, 2009 at 9:59 AM
A list of stores accepting greenbacks would be helpful.How can I let you know i want my greenbacks to be used for banking charges with a call costing a fortune while holding on? Admin: Nedbank was informed with this issue, hopefully they will provide us with more information soon, we'll post it as soon as receive more info.
User Comment meatjie@gmail.com on Sat, Jan 30th, 2010 at 7:11 AM
hopeless useless information all the time so complicated no wonder you go on making money out of us too complicated to redeem and pathetic variety of places anyway
User Comment vandermerwe@ymail.com on Thu, Nov 19th, 2009 at 8:01 AM
I would like to know the same thing how do I use my greenbacks. What is it worth and where can I see where i can use it.
User Comment benkopfer@yebo.co.za on Mon, Dec 28th, 2009 at 11:02 PM
All I want to know is HOW many rands per greenback ...WHAT is this GB actually worth...I don,t need a list of all the wonderful things I can buy... For example - if I have 1000 GB\'s - how many rands do I have
User Comment shawroc@tiscali.co.za on Sat, Feb 20th, 2010 at 10:09 PM
Why does no one answer any of the queries. I have never bothered to collect GB's because I have no idea of their worth. Can anyone enlighten us mere mortals?
User Comment gvwk@iburst.co.za on Tue, Jan 5th, 2010 at 4:37 PM
For ordering you refer us to this website. But on the wwhole website is nn direct system to redeem and accept special offers!!!!!!. The rest is all useless waffle written by morons!!
User Comment anatoinetteroulstone@yahoo.com on Wed, Apr 7th, 2010 at 2:19 PM
Can You please let me know how the greenback points can be redeemed as money. How many points do you need for every R100. Regards, Antoinette Roulstone
User Comment guess@global.co.za on Sat, Jul 31st, 2010 at 2:57 PM
User Comment krugererwin@yahoo.com on Tue, Sep 7th, 2010 at 6:26 PM
I have the same problem as in most cases I have read.What can I get,where do I go and what is the value of these "greenbacks" or are we just being ripped off again.I have phoned [3 times] and am still none the wiser.Can somebody help???
User Comment lbvogt@cybersmart.co.za on Mon, Sep 27th, 2010 at 11:54 AM
Is it so that one can't use your rewards to fly Kulua now even that they have it on the web site.Kulua does not have a section for this type of reward?
User Comment marianne@aboveboard.co.za on Tue, Nov 16th, 2010 at 12:09 PM
I phone and noone answers Please call to know how to redeem my green backs. Marianne 0829273838 or 0214346762
User Comment sasha.mo@hotmail.com on Wed, Oct 19th, 2011 at 8:55 AM
I have 100 939 greenbacks, how do I convert it??
User Comment emrs.fleet@kznhealth.gov.za on Fri, Jul 1st, 2011 at 11:22 AM
I tried this morning to get an updated catalogue to redeem my points. Thi person in the call cnetre could not help and kept asking ne to repeat. Where can I get the catalogue of items availbale for redemtion.
User Comment brendajharvey1@yahoo.com on Thu, Aug 25th, 2011 at 5:02 PM
I agree with all the negative comments! Every time I have tried to get a flight,I either have too little points or when I have purchased what I neede,there are no flights available.Yes,what a crock....
User Comment botma.rene@columbus.co.za on Wed, Jan 11th, 2012 at 10:19 PM
I am trying to find out what my geenbacks points are worth. Could someone please inform us the value of the gb points and how to use them. No guidance to assist. René Botma 084 767 9867
User Comment jhmort@mweb.co.za on Fri, Nov 16th, 2012 at 4:45 PM
does some at Nedbank actually read these comments>
User Comment hilda.vds@travelcounsellors.co.za on Mon, Nov 19th, 2012 at 11:51 AM
Can someone please advise how i redeem me points as no one answers the phone except a voicemail.
User Comment sandrajaffe@live.com on Sun, Dec 9th, 2012 at 8:32 AM
list of specials
User Comment coldormer@hotmail.com on Wed, Dec 19th, 2012 at 11:56 AM
Can I use my greenbacks rewards for my grandson to use as an air ticket?
User Comment pbcarter@netactive.co.za on Thu, Jan 10th, 2013 at 8:31 PM
Why would the comments have to be approved by the Rates Direct team if it is the truth ? It seems that nobody is satisfied with the Greenbacks System so why does NEDBANK not do something about it ? Not even the website assists with information about how and where to redeem points and in fact I no longer get a statement informing me of my points and cannot see it anywhere on the internet either. the 011 7104710 is not working - SO WHO EXACTLY IS BENEFITTING FROM US SPENDING MONEY ON OUR CREDIT CARDS ?????
User Comment ejanson@bccollege.co.za on Wed, Jan 16th, 2013 at 6:44 PM
I cashed in points for vouchers during December 2012 and have not received an SMS to get my shopping voucher: Account no. 950301064913. My awards total has been reduced. Please assist.
User Comment ida@absamail.co.za on Wed, Jan 16th, 2013 at 8:13 PM
Where do I go to see what reward I can redeem for my points
Article Information Additional Information
Article Number: 54
Created: 2007-12-13 5:15 PM
Rating 2 Stars
Article Options Article Options
Print Question Print this article