Most people have several options when they think about and decide to get a credit card. Many of these credit cards are not comprehensive, they can deliver a lot and charge a lot or deliver few benefits and charge little for it. What if we told you that there is an option that brings together huge benefits with small fees?
Standard Bank Gold brings it all together in one place, combining the most special advantages with very small fees. The benefits can be reflected in high discount percentages at various stores, on airline tickets, and much more. If you are looking for a complete credit card, you have found it.
You will find out how all the rewards work, all the discounts, and everything you can do with this powerful credit card in your hands. Are you ready to find out everything about the Standard Bank Gold Credit Card? We’ll explain everything from here on out.
Standard Bank Gold Credit Card
Get between 5% and 50% off lifestyle benefits Get between 10% and 20% off travel benefitsHow does the Standard Bank Gold Credit Card work?
You may be here in this article because you know that the Standard Bank Gold Credit Card can deliver a super special program of advantages, rewards and more. Well, this is all true, which means that you only stand to gain from this powerful credit card.
Standard Bank Gold is a fantastic credit card, which has a credit limit of R250,000.00. In addition, you should also know that monthly service charges of R54.00 apply to Standard Bank Gold, and the minimum income criterion is capped at R7,500.00.
Whether you are new to the world of credit cards, or you are a person who already knows a lot, has a credit history, and knows all your details, it doesn’t matter. Standard Bank Gold is a perfect fit for everyone, and is very efficient for beginners—giving you more experience in the world of credit without spending a lot of money.
Therefore, we recommend that you get to know all the advantages, which are linked for Standard Bank Gold holders.
Main Advantages of the Standard Bank Gold
Standard Bank Gold is here to help you experience the best opportunities in the credit card world, like high credit limits, low fees and lots of rewards. Check out some advantages of using this card:
- 55-day interest-free credit when you pay your balance due in full and on time each month.
- The credit card is affordable for many South Africans, as it requires a gross income of R7,500.00.
- Credit limit of R250,000.00—one of the largest credit limits for a first class credit card.
- Enjoy discounts on Emirates flights of up to 20%.
- Get priceless deals on restaurants, leisure and more
- Take 10% off when you spend R300 or more on ProGifts
- Receive rewards every time you make a purchase through the UCount Rewards program.
In addition to being a complete credit card that offers all of the above, Standard Bank Gold also provides basic and automatic travel insurance when you buy your ticket using the Gold credit card. This insurance can cover medical expenses in the first 90 days up to $1,000,000.
Once you have Standard Bank Gold in your hands, you can enjoy all this and more. The advantages of having this card are practical, especially for those who are thinking about enjoying the rewards and discounts it offers.
Cons of the using of Standard Bank Gold
When talking about Standard Bank Gold, a powerful credit card rich in advantages, the negative side is expected. Well, with it is no different, there is a downside, disadvantages that can weigh you down when you choose it.
The first problem is that this card does not allow free transactions and charges for almost all the actions you perform with the card in hand, except for balance inquiries and purchases at the point of sale.
The second problem is that there is a high international transaction fee of 2.75% for each transaction made, plus other applicable charges and fees.
Fees for the Standard Bank Gold
Standard Bank Gold is a credit card that aims to make your life easier in totality, so it does not have high fees, just a few, making it one of the best in this requirement. See some of them:
- Monthly Service Fee—R54.00
- Cash deposit at ATM—Free up to R3000.00 and R10.00 per R1000.00 thereafter
- Cash deposit at Standard Bank branch—R18.00 per R1000.00. Min R60.00
- Online inter-account transfers—R4.00
- Branch inter-account transfers—R75.00
- Online account payments—R9.00
- Branch account payments—R75.00
These are some fees you will need to pay if you decide Standard Bank Gold.
How to Apply
If you think Standard Bank Gold is the right card for you, now is the time to find out how to apply for it. It’s not difficult, just fill out your online application with your documents in hand (Copy of South African ID, recent pay slip and 3 months bank statement, proof of residence no longer than 3 months) and you’re good to go.
Approval is subject to credit checks and Financial Intelligence Center Act (FICA) requirements. After that, you will have your result within a few days.
Conclusion
In conclusion, the Standard Bank Gold Credit Card stands out as a powerful choice due to its combination of substantial benefits and manageable fees. With a high credit limit, attractive discounts on flights and leisure activities, and the opportunity to earn rewards through the UCount program, it caters well to various financial needs and lifestyles. However, users should consider the transaction fees associated with the card, particularly for international transactions, as they can impact overall cost-effectiveness. Overall, for those seeking a comprehensive credit card with significant perks and reasonable fees, the Standard Bank Gold Credit Card presents a compelling option in the South African market.
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