Applying the preferred credit card means simply should state the cards which are most appropriate for the personal and financial status that the individual does not have to be bogged down with too many resources. The Standard Bank Blue Credit Card is aimed to provide a basic and cheap credit line to the clients.
In this article, you will learn the following about the Standard Bank Blue Credit Card: Arising from the fee structure that this card charging annually, to the issue of credit limits in relation to this card we shall look at all of these facets in totality.
Key information about the credit card
How does the annual fee work?
The Standard Bank Blue Credit Card thus has a rather reasonable monthly fee of R40.00, which any user can easily download from the internet. Unlike other credit cards which are issued free of any annual charges, the low charge in the form of a monthly fee of the Blue Credit Card should be well considered.
How is the credit limit determined?
The credit limit for this Standard Bank Blue Credit Card is flexible with limit of up to R250,000 based on the applicant’s credit history. The many factors that the bank takes into consideration in order to set the credit limit for the users are; These are factors such as the Applicant’s monthly income, should be minimum of R5,000, credit record, and financial fitness.
Advantages of the credit card
- Convenience: It is accepted everywhere MasterCard® logo is available and the card can be used by swiping or tapping it. It can also be connected to different applications for safe and fast payments using a smartphone.
- Confidence: Users enjoy a secure online shopping experience due to the integrated security options that are as good as the world’s best. Also, the card is programmable to be on or off using the Standard Bank application, which enhances security.
- Financial freedom: It is admired that no interest is levied against the credit amount, provided the outstanding amount is cleared within 55 days. This feature is especially helpful for aspiring and careful consumers who do not have outstanding balance to deal with.
- Rewards program: The cardholders get reward points that are known as UCount Rewards Points on all the purchases made. These point can be used in the purchase of various products and services thus imputing value to usual purchases.
Standout advantage
The most prominent benefit of the Standard Bank Blue Credit Card is the fact that the card is very linked to technology. You can also make use of the Standard Bank app to option different aspects of your card such as using it or not using it and make possible payments.
Disadvantages
- Monthly fee: Sure, the monthly fee is not very high, but it is a continuous cost which customers are to provide for.
- No additional loyalty features: The Blue Credit Card does not have additional guarantees of compliance with the rewards program or have specific privileges.
- No fee waiver: The monthly fee cannot be waived irrespective of the given spending or usage statistics.
A standout disadvantage
The main disadvantage of the Standard Bank Blue Credit Card is there are no extra bonuses offered in the credit card. As it goes without saying, the card is simple and relatively cheap; however, it lacks some of the additional benefits that may be crucial for some of the users of credit cards.
Who can apply for this card?
As stated earlier, below are some of the requirements that one must meet to be approved for Standard Bank Blue Credit Card convenience. For starters there is the requirement that their age should be at least 18 years old legal age to be able to be bound legally into a credit agreement. Secondly, the client’s monthly income needs to be at least equal to R5,000.
How to apply for the Standard Bank Blue Credit Card
For the website
To begin, click on the link that leads to the Standard Bank official website and go to credit cards. Here, the Blue Credit Card is also available among other choices offered to clients. The Blue Credit Card is available on an information and an application form; follow the link to get to them. You will be required to input basic information about yourself when filing the application form with your full name and contact information you will also be required to include details about your income.
Some of the peculiarities may include: After completing the form, you may be asked to attach the scanned copies of the proofs of income and identification, etc. After the submission of your application form, you will be contacted by Standard Bank, through the notification of the intended action on your application.
Through the app
Another easy option of applying for the Blue Credit Card is through the Standard Bank mobile application. Start with installing the application in your device from the Google Play Store or the App store if you have not done it. Click on the button to open the applications and proceed to log in using your Standard Bank details.
Scroll through to credit cards and choose the Blue Credit Card. The app will help complete the application form, where you need to provide you and your financial data. You could also have to upload documents independently via the application, and that can be done in the following steps. Mobile application allow submission of application in an easy and convenient manner due to the easy layout of the application.
At the branch
For those who do not want to pursue the online option, one can apply at the Blue Credit Card at any Standard Bank branch. Go to the branch as you are and meet the officials from the bank. And they will present an application form that you have to complete.
Make sure you take the required documents with you depending on the services you require, for example, proof of income, identification, or anything else that may be required from you. The representative will help you to fill in the application and will provide all necessary information concerning the card. After the completion and submission of the form, the bank’s authorities consider the application and inform the applicant about the result.
