Standard Bank Platinum Credit Card offers numerous advantages and benefits for those seeking financial flexibility and exclusive rewards. Enjoy travel discounts and access to exclusive airport lounges, perfect for frequent travelers.
This card also provides enhanced protection for purchases and travel insurance, ensuring peace of mind. With fraud protection and extended warranty coverage, you can shop and travel confidently.
The Platinum Credit Card offers access to exclusive events and experiences, including dining and entertainment discounts. With these advantages, the Standard Bank Platinum Credit Card enhances your lifestyle and financial management. Continue reading to discover more about how this card can benefit you.
About the Standard Bank:
Standard Bank, established in 1862, is one of the largest financial institutions in South Africa. With a rich history spanning over a century, it has grown to become a leader in providing comprehensive banking and financial services. The bank’s commitment to innovation and customer-centric solutions has solidified its position in the market.
The bank offers a wide range of services, including personal and business banking, investment management, and wealth advisory. Its robust digital platforms ensure that customers have access to seamless and secure banking experiences, whether online or through mobile apps. Standard Bank’s extensive branch network further enhances its reach and accessibility.
Standard Bank is dedicated to supporting economic growth and development in South Africa and across the African continent. Through various initiatives and partnerships, the bank aims to empower communities, foster entrepreneurship, and drive sustainable development. This commitment to social responsibility underscores its role as a key player in the region’s financial landscape.
Card Benefits
Travel Perks: Enjoy up to 20% off Emirates flights, car rentals, and cashback on Booking.com. Gain access to Bidvest and Standard Bank lounges for a more comfortable travel experience.
Lifestyle Benefits: Avail discounts on the Wine-of-the-Month Club, MyUS shipping, and AlwaysOn Wi-Fi. Benefit from special offers on dining, shopping, and entertainment, enhancing your everyday experiences.
Insurance Benefits: The card provides automatic travel insurance, ATM robbery insurance, and purchase protection, ensuring peace of mind and safety for your transactions.
Rewards: Earn up to 3 times more UCount Rewards Points, maximizing the value of your spending and allowing you to redeem points for a variety of rewards.
Management: Easily manage your card online or through the mobile app. Enjoy up to 55 days of interest-free purchases, giving you greater financial control.
Standard Bank Platinum Fees and Commissions
The Standard Bank Platinum Credit Card has a monthly fee of R108 and an initiation fee of R190. After a 55-day interest-free period, interest is charged if the balance is not paid in full, with a minimum monthly payment of 3% of the balance. The credit limit for this card ranges from R58,000 to R250,000, offering substantial financial flexibility.
Additionally, there are fees for ATM withdrawals both locally and internationally, as well as for international transactions, which include a markup on currency conversion. These fees are designed to cover the cost of providing secure and convenient access to your funds worldwide.
It’s important to note that fees and commissions are subject to change without notice. For the most accurate and up-to-date information, it’s advisable to visit the official Standard Bank website.
Positive points
- High Credit Limit:The Platinum Credit Card offers a substantial credit limit of up to R250,000, providing significant financial flexibility for large purchases and emergencies.
- Extensive Travel Benefits:Cardholders enjoy up to 20% off on Emirates flights, access to Bidvest and Standard Bank lounges, and comprehensive travel insurance up to R1,000,000.
- Reward Points:Earn up to 3 times more UCount Rewards Points on all qualifying purchases, enhancing the value of everyday spending.
Negative points
- High Income Requirement:To qualify, applicants must earn at least R58,000 per month, which may exclude a significant portion of potential users.
- Complex Application Process:The application requires multiple documents, including a recent payslip, bank statements, and proof of residence, which may be cumbersome for some applicants.
- Limited Accessibility:The card’s benefits and rewards are most advantageous to frequent travelers and high spenders, which might not appeal to the average consumer.
Credit card limit
The Standard Bank Platinum Credit Card offers a substantial credit limit of up to R250,000 to its holders. This broad cap provides remarkable financial flexibility, allowing holders to make significant purchases and manage unexpected expenses with ease.
With this generous credit limit, cardholders can confidently pursue their financial goals, whether it’s investing in opportunities, planning a large purchase, or ensuring they have funds available for emergencies. The convenience and confidence that come with such a high credit limit make the Standard Bank Platinum Credit Card a valuable financial tool.
How to apply for Standard Bank Platinum
- Visit the Standard Bank Website: Go to the Standard Bank Platinum Credit Card page.
- Sign In: Log in to your Internet Banking profile.
- Navigate: Select “Borrow” or “Credit Cards” in the top menu.
- Start Application: Follow the instructions to begin your application.
- Upload Documents:South African ID or passport.
Recent payslip.
Three months of bank statements.
Proof of residence not older than three months. - Submit: Complete and submit your application. You’ll receive confirmation and further instructions.
How to contact Standard Bank Platinum
To contact you can choose one of the options:
- Personal call centre: 0860 123 000
- E-mail: [email protected]
Take the next step towards financial freedom with the Standard Bank Platinum Credit Card!
