The Standard Bank Visa Private credit card is a premium financial product designed for those who demand more from their banking experience. Tailored to meet the needs of an exclusive clientele, it offers a range of benefits and services that enhance both local and international lifestyles. From flexible payment options to unmatched perks, it is more than just a credit card—it’s a gateway to premium financial freedom.

This card is not just about transactions; it’s about creating moments of value for its holders. Whether you’re a frequent traveler, a discerning shopper, or someone who values financial flexibility, the Visa Private card has been designed to meet your expectations. Let’s explore its key features, advantages, and how you can get started with this exceptional financial tool.

Key information about the credit card

How does the annual fee work?

The Standard Bank Visa Private card comes with an annual fee of AOA 90,000, reflecting its premium benefits and features. This fee is a small price to pay for the wide range of privileges cardholders can enjoy, from personalized customer service to access to exclusive offers and discounts. For those who value flexibility, the bank provides options to divide the payment into smaller installments, ensuring it doesn’t strain your finances.

Additionally, one notable benefit is the 50% reduction in the annual fee for supplementary cards. This ensures that families or trusted associates can enjoy the same premium advantages at a significantly lower cost. The annual fee is not just a payment; it’s an investment in a luxurious and hassle-free banking experience.

How is the credit limit determined?

For the Visa Private card, Standard Bank determines the credit limit based on an individual assessment of your financial profile. Key factors include your income, credit history, spending habits, and overall financial stability. This personalized approach ensures that the limit aligns with your lifestyle, providing enough flexibility to manage your expenses comfortably.

Unlike prepaid cards, where customers set their own limits by depositing funds in advance, the Visa Private card offers a predefined limit that supports both local and international spending needs. For those who require higher limits, the bank may offer adjustments based on your financial behavior and account standing, ensuring that your card evolves with your needs.

Advantages of the credit card

• Global accessibility: Accepted worldwide through the Visa network, this card ensures convenience no matter where you are.
• Airport lounge access: Enjoy a premium travel experience with access to exclusive airport lounges globally, offering comfort and privacy before your flight.
• Flexible payment options: Choose repayment plans of 10%, 25%, 50%, or 100%, depending on what suits your financial situation best.
• Interest-free credit period: Take advantage of up to 50 days without paying interest on your transactions, offering flexibility for short-term financial planning.
• Comprehensive credit protection plan: Ensure peace of mind with a robust protection plan that shields you from unforeseen financial burdens.
• Seamless payments: Experience the ease of making payments worldwide with lower associated fees compared to many standard cards.
• Tailored support: Receive personalized customer service for both domestic and international queries, ensuring all your needs are met.

Standout advantage

A defining feature of the Visa Private card is its exclusive travel and lifestyle discounts, which elevate the cardholder’s experience beyond financial transactions. For example, savings of up to 35% on Avis car rentals and 20% at Jumeirah Hotels not only provide monetary benefits but also add a touch of luxury to everyday experiences. These offers are tailored for individuals who value premium services and international convenience, making the Visa Private card an indispensable tool for the modern traveler.

Disadvantages

• High annual fee: At AOA 90,000, the fee may deter potential applicants who don’t prioritize premium features.
• Stringent eligibility criteria: This card is designed for high-income earners, limiting its availability to a select group of individuals.
• Limited local benefits: While the card excels internationally, its benefits may not be as appealing for individuals with a primarily local lifestyle.

A standout disadvantage

The primary drawback of the Visa Private card lies in its strict eligibility requirements, which make it inaccessible to many. Applicants need to meet high-income thresholds, maintain a positive credit score, and present comprehensive documentation. This exclusivity, while a mark of the card’s prestige, can be a barrier for individuals seeking a more inclusive financial product.

Who can apply for this card?

The Visa Private card is designed for individuals who meet specific criteria. Applicants must be at least 18 years old, have a valid CPF, and demonstrate a stable income that aligns with the bank’s requirements. Proof of income, identification, and a positive credit history are mandatory.

Unfortunately, the card is not available for those with negative credit scores or insufficient income, as the bank emphasizes financial responsibility. While the application process is straightforward, meeting the prerequisites is essential to qualify for this exclusive product.

How to apply for the Standard Bank Visa Private Card

For the website

To apply via the Standard Bank website, start by navigating to the “Products” section and selecting “Credit Cards.” Choose the Visa Private card and fill out the application form with accurate personal and financial details. Upload required documents, such as proof of income, identification, and proof of address, in the correct format. Once you submit the application, the bank will evaluate it and inform you of the outcome. This method is ideal for those who prefer a digital, hassle-free application process.

Through the app

The Standard Bank app provides a seamless way to apply for the Visa Private card. After logging in, go to the “Credit Cards” section and select Visa Private. Follow the on-screen instructions to complete the application, which includes uploading necessary documents directly through the app. The app also allows you to track your application status, making the process transparent and convenient.

At the branch

For those who prefer a face-to-face interaction, visiting a Standard Bank branch is the best option. A representative will guide you through the process, from filling out the application form to submitting documents. They will also answer any questions you may have about the card’s features, benefits, and eligibility requirements. This approach is particularly helpful for individuals who wish to discuss their financial profile in detail or seek personalized advice.