Standard Bank Gold

With the Standard Bank Gold Credit Card, managing your money is simpler than ever, thanks to several free services. The card is impressive! It offers some of the best benefits for a top-tier credit card in South Africa. Few credit cards in South Africa can be compared to the Standard Bank Gold Credit Card.

It offers travel, insurance, and lifestyle advantages. Additionally, the account is suitable for people who have never bought a credit card. With monthly service surcharges as low as R54.00, the Standard Bank Gold Credit card is also one of the most reasonable in South Africa regarding rates and fees.

Standard Bank Gold Credit card features

It has a monthly fee, a good credit card limit. A minimum monthly income is needed too. When you pay your outstanding balance in whole and on time each month, you can get up to 55 days of interest-free credit. You can receive a limit of up to R 120 000, with the possibility to raise it after six months. And Also safe online buying with one-time passwords and 3D Secure.

Standard Bank Gold benefits

Travel benefits

When you make a reservation with Leisure Desk, you can save up to 20% on Emirates flights. Use your credit card to make a reservation on Booking.com and receive up to 5% cashback. With Priceless Cities, you may access specially selected events and deals in many cities. When you reserve with Avis or Rentalcars.com, you can save up to 10% on car rentals.

Lifestyle benefits

Get 15% off your online purchase at Wine-of-the-Month Club, which includes wine, coffee, olive oils, and more. New users can use Lingokids for 2 months at no cost, after which they can receive a 30% discount on monthly subscriptions.

Get up to 50% off on Udemy’s monthly course selection and up to 30% off on the most popular, trending courses. Receive a 15% discount from Educor on your tertiary tuition at selected colleges. At Acrobranch, get 25% off any obstacle course.

Use the Priceless Specials MEA App to access deals on food and lifestyle products. Every time you use your credit card, you’ll accrue UCount Rewards Points wherever you shop. Save R150 on your initial purchase from SweepSouth.

At 3Sixty Health, you can attend four counselling sessions each month. Get 10% off at “A Place To Shop”, when you spend R300 or more on furniture, clothing, novelty items, and other items. When you spend R300 or more on flowers, gifts, hampers, and other items at “Pro Gifts,” you’ll receive 10% off.

With “Gift Experience,” you can save 5% on your experience voucher. When you spend R1000 or more, you can receive 10% off your purchases at the “Sweetie Shop.” When you spend more than R4 999 online at Bradlows, Russells, Rochester, or Sleepmasters, you can receive a 10% discount.

Insurance benefits

Basic travel insurance is automatically provided to you. You will receive an “optional Credit Card Protection Plan” to make sure your debt is covered in the event of an unlucky circumstance.

Additionally benefits

Using the “Mastercard App,” you may take advantage of “Buy 1 Get 1” promotions on food and lifestyle products. You are granted free usage of Standard Bank’s digital channels. When you use your credit card to purchase 1GB of “Always On Wi-Fi” services, you will receive 11GB of free data.

When purchasing Ster Kinekor tickets using your Gold credit card, you can obtain 4 tickets for the price of 3, saving you money. The card features a “Tap to Pay TM” feature that allows you to tap it while making transactions of R500 or less. With the Gold credit card, you can acquire a credit limit of up to R250,000.00.

You receive a 10% discount on your health spa voucher when you use your credit card to make a reservation at “Health Spa retailers.” Swipe your card at Hirsch’s in-store to receive 10% off. Utilizing your credit card to pay for your subscription at AA will save you 15%.

Fees and interests

The Standard Bank Gold Credit Card has an initial R175 charge. You need to pay a monthly service cost of R40 and a card fee of R14. Your minimum fee for cash withdrawals from Standard Bank ATMs is R2.25; your minimum fee from non-Standard Bank ATMs is R9.00.

You must pay at least R45.00 to withdraw cash from any Standard Bank branch. Any ATM will charge you at least R45.00 for international cash withdrawals and the 2.75% currency conversion fee. Personalised interest rates are offered based on your creditworthiness. The minimum monthly payment is 3% of the balance in your current account.

Eligibility

Must be at least 18 years old. Have a minimum annual income of R7500.00. A South African ID book or smart card— If you are not a citizen of South Africa, you must have a passport. A bank statement from the last three months demonstrating income is required.

For individuals that don’t bank with Standard Bank. At the time of application, you must have a valid proof of address no older than three months. Possess a recent Payslip.

Pros

The credit card offers a variety of in-store and online incentives. Through the UCount Rewards programme, you receive rewards each time you purchase. Comes with no fees for purchases made at the point of sale.

When you use the credit card and pay your monthly debt in full and on time, you are granted 55 days of interest-free credit. You can get travel insurance if you buy a plane ticket using your credit card.

The credit card contains a lost card protection function that guards against liability for unauthorised purchases in the event that the card is misplaced or stolen.

Cons

Except for balance inquiries and point-of-sale purchases, practically every action you carry out with the credit card incurs fees. In addition to other relevant charges, it includes a hefty international transaction fee of 2.75% for each transaction you make.

Conclusion

One of novice cardholders’ most outstanding credit cards is the Standard Bank Gold Credit Card. With this credit card, you can gain total exposure to and experience in the credit world without spending much money.

It will also help you understand how credit cards operate. It’s crucial to make sure your credit card’s advantages outweigh its drawbacks before applying for one. An excellent place to start is the standard bank Gold credit card.