The American Express® Gold Credit Card

Gold Charge Card

My life is about financial flexibility.
My card is the perfect everyday companion.

Payment Protection Plan

This is a dynamic insurance policy that covers American Express Cardmembers for an outstanding Credit Card balance of up to R150 000.00 (including any budget facility) should the primary Cardmember pass away or be left unable to earn an income.

The American Express Payment Protection Plan provides cover against all of the following eventualities for only R7.90 per R1 000 of your highest outstanding balance during the statement month :

Death - Cover is equal to the highest outstanding balance on the credit card account.

Accidental-death double sum - Should you die as a direct result of an accident that occurs prior to your 75th birthday, then this plan will pay DOUBLE the sum assured.

Disability - If illness or bodily injury prevents you from earning an income for a period of more than 30 continuous days, the plan will pay up to six monthly instalments, each equal to 17,5% of the highest balance on the credit card account.

Critical illness - On a confirmed diagnosis, a lump sum equal to the highest balance on the credit card account will be paid. Critical illnesses include organ transplants, burns, heart valve surgery, loss of limb, or confirmed diagnosis of heart attacks, strokes, coronary artery disease, cancer, kidney failure, comas, paraplegia, loss of speech, blindness and HIV through blood transfusion.

Retrenchment - In the event of retrenchment a monthly amount equal to 10% of the highest balance on the credit card account (up to a maximum of R20 000) is payable while you remain unemployed.This cover only takes effect after the third consecutive month of cover and is payable for up to six months.

The Payment Protection Plan is offered to American Express® Gold Credit Cardmembers under the age of 65. Their acceptance is guaranteed and no medical examination is required. The premiums will be debited from your Gold Credit Card. Please note that Terms and Conditions apply. Full details of exclusions will be provided in your policy document.  For further information on PPP, please refer to Nedgroup Life on 0860263543.


We welcome you to apply for the American Express Gold Credit Card, providing the following criteria are met:

  • You are over 18 years of age;
  • You have a good credit rating;
  • You are a South African resident; and
  • You have an annual income of R120,000 or more.