Apply of Standard Bank Blue Credit Card

People are saying that the Standard Bank Blue credit card is easy to apply for in South Africa.

The card has been on the market for some time now, but people are still talking about it. The card offers a 0% interest rate for 55 days, and has minimal annual fee. In order to apply for the Standard Bank Blue Credit card, you need to be a citizen of South Africa and have a valid bank account.

Furthermore, there are some people who say the Standard Bank Blue Credit Card is associated with too much penalties and fees. These people believe that the Bank should change the way their credit card works to make it more attractive. However, the Bank has told people that the card is a way to get them on the right track, and it will help them financially in the long run.

How to apply for Standard Bank Blue Credit card?

Standard Bank Blue Credit Card is an online only application process, which means you can apply for the card online and you don’t need to visit a Standard Bank branch to apply. Once you’ve completed the application, you’ll receive a confirmation email to let you know your application has been received and is being processed. 

Assuming that everything went well, you now have to review the terms and conditions on your account and sign the contract if everything seems fine. Now, remember that Standard Bank Blue Credit Card is associated with fees, so make sure to take them into account. 

Rates and Fees of Standard Bank Blue Credit card

Annual Fee: Standard Bank Blue Credit card will cost you a monthly fee of R40,00 to R199,00, depending on the terms and conditions applied on your card. If multiplied as an annual fee, the price range or Standard Bank Blue Credit card is considered relatively high and is not perfect for middle-income earners. 

 Late Payment Penalty Fee:  One of the benefits that the Standard Bank Blue Credit card offers is that it does not have a late payment fee. Now, if you are a customer who have fees that you are not aware of, it would be helpful to know which fees, if any, you would be charged. 

Returned Payment Fee: In addition to the late payment penalties, Standard Bank Blue Credit card doesn’t disclose if they charge any returned payment fee to borrowers who forgot to fill their checking account in the period of reimbursement for the card. 

Foreign Transaction Fee: Creating foreign transactions with Standard Bank Blue Credit card comes at a cost. For every overseas withdrawal of R1000,00, you have to pay a foreign transaction fee of R20.00. While it cost 2.75% of the total amount in case you purchase something internationally using Standard Bank Blue Credit card. 

Interest Rate: The interest rate available with Standard Bank Blue Credit card is on a minimum of 9.50% up to 20.25%. The minimum rate can be a good indicator that Standard Bank Blue Credit card won’t hurt your wallet. However, make sure to not get the maximum rate for a better view of the card.  

Other fees: Other fees associated with Standard Bank Blue Credit card is their initiation fee of R180.00. They also have online account payment fee of R9.00 and branch account payment of R75.00.  

Qualifying for Standard Bank Blue Credit card 

Minimum Credit Score needed: Standard Bank Blue Credit card didn’t say anything about the minimum credit score required to get their card. However, it’s best if you have an average score of 500 to 680. 

Annual Income requirements: The annual income required by the Standard Bank Blue Credit card is R7,500.00. Making it a perfect card for middle-income earners. 

Final thoughts

The Standard Bank Blue Credit Card is a credit card for any South African. It offers card holders with a full range of features to help them grow their financial health. The process of applying for the Standard Bank Blue Credit Card is all online.