In the ever-evolving landscape of global travel, managing your finances across borders has never been more crucial. The Bidvest Bank Mastercard® World Currency Card™ is designed to simplify your international transactions, offering a safer and more efficient way to manage your money while traveling abroad.

This card stands out as an essential tool for travelers, providing a seamless experience for handling multiple currencies and ensuring that your financial management is as hassle-free as possible during your trips.

Key information about the credit card

How does the annual fee work?

One of the standout features of the Bidvest Bank Mastercard® World Currency Card™ is its annual fee structure—or rather, the lack thereof. Unlike traditional credit cards that often come with annual fees, this travel card focuses on providing value without adding extra costs. The absence of an annual fee is a significant advantage, allowing travelers to enjoy the card’s benefits without worrying about recurring charges.

How is the credit limit determined?

Unlike conventional credit cards, the Bidvest Bank Mastercard® World Currency Card™ operates as a prepaid card, giving the cardholder full control over the spending limit. The credit limit is determined by the amount of money you decide to load onto the card before your trip. This flexibility ensures that you can tailor your budget to your travel needs, eliminating the risk of overspending.

Advantages of the card

• Multi-currency convenience: The card can be loaded with up to 17 different currencies, allowing you to spend without worrying about exchange rates or conversion fees in different countries.
• Security and peace of mind: With the ability to manage your account online or via the Bidvest Bank app, you can monitor your transactions in real-time, providing an extra layer of security.
• No currency conversion hassles: The card automatically debits from the currency that matches the transaction, reducing the need for manual conversions and the risk of unfavorable exchange rates.
• Reload flexibility: You can easily top up your card online, ensuring that you never run out of funds while traveling.
• Acceptance worldwide: As a Mastercard® product, the card is accepted at millions of locations globally, providing unparalleled spending freedom.

Standout advantage

The standout feature of the Bidvest Bank Mastercard® World Currency Card™ is its multi-currency capability. This card is specifically designed to hold and manage up to 17 different currencies, making it an indispensable tool for those who frequently travel to various countries. This feature not only saves time and money by avoiding multiple currency exchanges but also provides a seamless experience in managing diverse financial needs across different regions.

Disadvantages

• Limited use in certain regions: The card cannot be used in the Common Monetary Area, which includes South Africa, Eswatini, Lesotho, and Namibia.
• Inapplicability for certain transactions: The card is not suitable for recurring payments, money transfers, or transactions on adult content or gambling websites.

A standout disadvantage

A notable disadvantage of the Bidvest Bank Mastercard® World Currency Card™ is its restriction on use within the Common Monetary Area (CMA), which includes South Africa and neighboring countries. This limitation can be inconvenient for users who might need to travel within these regions frequently, requiring them to find alternative payment solutions during their stay in these countries.

Who can apply for this card?

To apply for the Bidvest Bank Mastercard® World Currency Card™, there are specific eligibility requirements that potential applicants must meet. The card is available to individuals who are 18 years or older, with a valid South African ID or passport.

Applicants must also have a registered South African address and be able to comply with the country’s exchange control regulations, which dictate the maximum amount of currency that can be loaded onto the card annually.

It’s important to note that this card is designed for travelers who are likely to leave South Africa, as it cannot be used within the CMA. Additionally, applicants must be able to demonstrate a legitimate travel purpose, such as a planned trip or business travel, to justify the card’s issuance.

How to apply for the Bidvest Bank Mastercard® World Currency Card™

For the website

To apply for the card online, you will need to visit the Bidvest Bank website and navigate to the World Currency Card™ section. Here, you’ll find an easy-to-follow application form that requires your personal details, proof of identity, and travel information. The online application process is designed to be user-friendly, guiding you through each step with clear instructions.

Once your application is submitted, you will receive a confirmation email, and if approved, your card will be delivered to your address within a few business days. This method is ideal for those who prefer a digital, paperless process and want to manage everything from the comfort of their home.

Through the app

The Bidvest Bank Banking App provides another convenient way to apply for the Mastercard® World Currency Card™. After downloading the app from the Google Play Store or Apple App Store, you can easily navigate to the card application section. The app offers a seamless application experience, where you can upload the required documents, verify your identity, and track the status of your application in real-time.

The app also allows for quick and secure communication with Bidvest Bank, should you have any questions during the process. Once your application is approved, the card can be managed directly through the app, giving you full control over your finances while on the go.

At the branch

For those who prefer a more personal touch, you can apply for the Bidvest Bank Mastercard® World Currency Card™ by visiting a Bidvest Bank branch. At the branch, a customer service representative will assist you with the application process, helping you fill out the necessary forms and answer any questions you might have.

This method is particularly beneficial if you require immediate assistance or have specific needs that need to be addressed in person. The branch application process also allows for a more tailored experience, where your unique travel requirements can be discussed and accommodated. Once the application is processed, you can either pick up the card at the branch or have it delivered to your address.