Don’t Waste Time in Bank Queues Anymore – Use Online Credit Card Approval
Online Credit Card Approval
South Africans have no longer to stand in long bank queues or make an appointment with a customer care advisor to obtain a credit card because online credit card approval makes the process easier.
Most banks offer a simple online application system that takes only a few minutes to complete.
Here are a few examples of credit cards offered online:
BlueBean (a division of Standard Bank)
Some of the features and benefits include:
- Free self-service banking
- Budget facilities
- Online shopping
- eStatements
- Travel Insurance
- Simple payment options
- Automatic account payments
- However, there are no monthly Fees if R2 000 a month or more is spent
- Also, no interest for the first 55 days
- Take Me Home service
- And also home and road assistance
Capitec
Capitec Bank offers clients loans of up to R250 000 based on individual credit profiles. These loans are repayable over 84 months.
Some other features and benefits:
- Clients are issued on Capitec card for all their banking requirements
- Annual interest of 5.35% on positive balances
- A maximum of R5 000 for emergencies, unplanned expenses and daily needs
- And also home loans up to R5 million via SA Home Loans
How to qualify
- Applicants must be 18 years or older
- Provide recent stamped bank statement/salary slip or proof of pension
- Work for current employer for at least two months
- And also have a clean credit rating
African Bank
Features and benefits of the African Bank Gold Credit Card:
- Free point of sale transactions
- Also, free SMS notifications
- Free online and cell phone banking services
- And also Credit Life insurance for retrenchment, disability or death
How to qualify
- Applicants must be 18 years or older
- Provide ID document/card
- Proof of income with latest three pay slips
- Latest bank statement showing at least three deposits
- And also proof of residence
Conclusion
Most South African banks have dedicated websites offering online application systems because this makes the process easier for their clients.
These include FNB, Nedbank and also Virgin Money.
Consumers should investigate all avenues before making a final decision because, while many of the qualifying criteria are similar for all banks, some offer far better free services, albeit that these may not include rewards programmes and higher credit limits.
Online credit card facilities are aimed at the entire spectrum of the population, but the card selected should always suit client budget restraints and lifestyle requirements.
All info was correct at time of publishing