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Standard Bank Platinum Credit Card

Redação Medupi
December 4, 2023

Starting a financial journey with the Standard Bank Platinum Credit Card opens the door to a host of exclusive benefits and personalized opportunities. This card is designed to enhance your lifestyle, offering significant discounts and exceptional travel perks.

Enjoy exclusive savings on flights and car rentals, making your travel experiences more affordable and enjoyable. With Standard Bank Platinum, you also gain access to premium services and rewards tailored to your needs.

This card is more than just a credit tool; it’s a portal to a world of curated experiences and financial advantages. Elevate your financial expertise with Standard Bank Platinum and keep reading to discover all the benefits.

About the Standard Bank:

Standard Bank, headquartered in Johannesburg, South Africa, is one of Africa’s largest financial services groups. Founded in 1862, it operates in 20 African countries and several international markets, offering a wide range of banking and financial services to personal, business, and corporate clients.

The bank provides personal banking services, including accounts, loans, credit cards, wealth management, and insurance. For businesses, Standard Bank offers SME services, business loans, merchant solutions, and corporate finance. In corporate and investment banking, it handles trade finance, investment services, and global markets.

Standard Bank emphasizes digital banking innovations such as mobile banking apps, internet banking, and digital payment solutions like SnapScan® and MasterPass®. The bank is also committed to corporate social responsibility, focusing on education, health, and environmental sustainability. For more information, visit the official Standard Bank website.

Card Benefits

Emirates Flights: Get up to 20% off the base fare when booking through Leisure Desk.

Car Rentals: Enjoy up to 20% off international car rentals with Avis.

Airport Lounges: Access 12 complimentary visits per year to Bidvest lounges.

Accommodation: Earn up to 10% cashback on bookings made through Booking.com.

Priceless Cities: Access handpicked experiences and offers in cities worldwide.

Gopals: Enjoy a 10% discount on all hard- and soft-shell luggage.

Chip and PIN: Enhanced security for transactions.

3D Secure: Extra layer of protection for online shopping.

ATM Robbery Insurance: Coverage in case you’re robbed or forced to withdraw cash from an ATM.

Interest-Free Period: Up to 55 days interest-free if your account is paid in full.

Payment Options: Manage your card on your phone, online, or at ATMs.

Credit Limit: Option to increase your credit limit based on your account and credit history.

Standard Bank Platinum Fees and Commissions

The Standard Bank Platinum card comes with a monthly fee of R108 and a one-time initiation fee of R190. The interest rate is personalized, ranging from 11.75% to 22.25% per annum, tailored to your financial profile. This ensures you receive a rate that aligns with your creditworthiness, providing a fair and competitive cost of borrowing.

Additionally, the minimum monthly repayment is set at 3% of the outstanding balance, helping you manage your repayments comfortably. The Standard Bank Platinum card is designed to offer you flexibility and ease in managing your financial obligations.

Please note that fees and rates are subject to change without prior notice, ensuring we maintain the best possible terms in response to market conditions.

Positive points

Relaxing airport experience:
Enjoy up to 12 annual visits to the exclusive library lounge at OR Tambo International Airport, provided by Your Standard Bank Platinum Credit Card.
Travel with special discounts:
When using your card, take advantage of discounts of up to 20% on flights and accommodation when booking through Travelstart.
Save On Car Rental:
When booking through Rentalcars.com and Budget International with its Standard Bank Platinum Credit Card, secure an exclusive 10% discount on car rentals.

Negative points

Platinum Card income requirements:
To qualify for the Standard Bank Platinum Credit Card, you must meet a minimum monthly income requirement of $58,000.
Platinum Debit Card prerequisite:
An essential initial step in acquiring the Platinum Credit Card is to previously own a Standard Bank Platinum Debit Card.
Additional financial services:
Some of the additional financial services offered by Standard Bank Platinum Card may not apply to all individual needs.

Credit card limit

The Standard Bank Platinum credit card offers a personalized credit limit based on each customer’s credit history and financial profile. The maximum credit limit available for the Platinum card is R250,000. This high credit limit is designed to meet the needs of high-income earners and provides significant purchasing power and financial flexibility.

For those who qualify, this card comes with a variety of benefits including up to 55 days of interest-free credit, travel and lifestyle perks, and comprehensive financial protection. Cardholders can also request an increase in their credit limit after six months of responsible usage.