The usability and demand for credit cards as a financial tool has grown a lot in recent years. At the same time, the financial services sector, of late, has been on a diversification spree. So much so, that an average consumer today is hounded by scores of credit card options to choose from.
Among the dozens of credit card options that you might choose from, Standard Bank’s Platinum Credit Card is a viable option. The Platinum Card comes with a host of features and benefits. In fact, this card strikes the perfect balance between financial freedom and cost-effectiveness, and is ideal for universal use.
Let’s take a detailed look at the features and benefits of the Standard Bank Credit Card. Here, we’ll share full details of the Platinum Card, including eligibility criteria, associated fees, and charges, and also show you how to apply for the card. Let’s go!
Card Features
This Standard Bank Credit Card comes loaded with a host of features. The Platinum Card features make it extremely easy, safe, and secure to use the card. The Platinum Card is a chip and PIN-enabled Mastercard credit card.
With this, you can use the card anytime at any of the merchants or ATMs in Standard Bank’s huge worldwide network. The Platinum Card has a provision of 3D Secure verification to enable a safe and secure online shopping experience You can also use a very convenient Tap to Pay facility using the Platinum Card, for payments of R500 or less.
The Standard Bank Credit Card can be easily managed from your mobile phone using the Bank’s app. Further, the card comes with an excellent security feature in the form of automatic lost card protection.
Special Benefits of Using Standard Bank Platinum Card
Platinum Card users enjoy a range of exclusive benefits as a part of the Standard Bak’s loyalty program. Some of these are described below.
Exclusive Discount Offers
Platinum Card users can avail exclusive discount offers at designated stores and with the bank’s partners. For example, you can get 10% off when you make a purchase using the Platinum Card at your nearest Hirsch’s.
Special Lounge Access
With a Standard Bank Credit Card, you also get complimentary access to the Standard Bank Library Lounge, Café Blue, at OR Tambo, and Bidvest Lounges.
Perks while Travelling
The Platinum card is great for frequent travelers. Special flight discounts of as much as 35% (on Emirates) can be availed. Similarly, one can avail up to a 15% discount on car rentals with Avis.
Fees and Charges
The platinum card comes with a balanced and well-structured framework of fees and charges. There’s a provision of 3% minimum monthly repayment. In addition, you have to pay an amount of R94 as a monthly fee and R180 as the initiation fee. The applicable rate of interest is personalized in nature and depends on your requirements and modalities of the card.
Please note that you can get up to 55 days of no interest on the purchases made against the card.
Eligibility for the Platinum Card
To apply for and avail the Standard Bank Credit Card, you must be over 18 years of age. In addition, there’s a minimum income requirement of R58,000 per month.
The following documents need to be produced at the time of applying for the Platinum Card.
- Local citizen ID or passport if not a South African Citizen
- Latest payslip and bank statement for the last 3 months
- A residence proof that is not older than 3 months
How to Apply for Platinum Card
Applying for the Standard Bank Credit Card is a simple process that can be completed within minutes. You can signup for a Standard Bank account online by visiting the bank’s official website. If you already a Standard Bank customer, then you can simply log in to your internet banking profile and apply for the card online. Moreover, you can simply fill out the ‘call me back’ form available on the website to receive a callback and full assistance to apply for the Platinum Card.
Bank Contact Information
In case of any grievances, queries or for further information, the bank can be contacted at 0860 123 000. In addition, their address is located at Standard Bank Centre, Shelby, Johannesburg, 2001 South Africa.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.