Standard Bank Credit Cards Are for Winners in the Game of Life
Standard Bank offers credit cards to its clients as an alternative to carrying cash. Credit card holders can spend money more safely in a variety of places – in shops, online or even overseas. Here we will have a look at Standard Bank credit cards. There are many reasons why getting a credit card could be a good idea, including the following:
Convenience
You will have instant access to money without having to carry cash
Security
Shopping online and in-store is safer and easier with a credit card. There are many payment apps (such as MasterPass) that make your credit card even safer and most cards also have lost card protection, which means that you are covered if your card is stolen.
Worldwide acceptance
You can use your credit card to make payments when overseas and can even withdraw cash from overseas ATMs (although this is expensive)
Credit Record
Your bank will look at your credit history if applying for a loan or financing. If you have used a credit card and paid it off in good time, then you will have a good credit record and therefore quicker approval for a loan or possibly favourable interest rates.
Rewards
Most banks offer reward points when you spend money on your credit card. Standard Bank has a system called UCount, which offers rewards in the form of points which can be converted to goods.
Emergency Funds
Big expenses can be paid off in monthly instalments through a credit card’s budget facility, which can be very helpful in cases such as unexpected medical bills, emergency travel or purchasing large appliances.
Travel insurance
When paying for overseas flights on your credit card you get free basic travel insurance (and can supplement this cover at a discounted rate).
The Different Standard Bank Credit Cards
Standard Bank offers the following credit cards:
Platinum Card
Monthly fee: R80.70
Credit limit: R250000
Minimum monthly income: R58000
Personalised interest rate
Gold Card
Monthly fee: R50.44
Credit limit: R100000
Minimum monthly income: R5000
Personalised interest rate
Titanium Card
Monthly fee: R65.57
Credit limit: R150000
Minimum monthly income: R5000
Personalised interest rate
World Citizen Card
Monthly fee: R252.19
Credit limit: R250000
Personalised interest rate
UCount Rewards
Spending on your Standard bank credit cards will earn you UCount rewards, which reward clients as outlined below.
- Every ten points are worth R1
- Reaching 401 points moves you up a tier (of five tiers) where points increase for each swipe
- you can redeem points at partner stores (e.g. Clicks, Makro, Caltex) or at UCount Rewards Online Mall and UCount Rewards Travel Mall
- You can also donate your points to charity
All info was correct at time of publishing