Apply of Money Credit Card

People says that Money Credit Card is perfect for those who need a card for everyday spending and is available in South Africa.

Money Credit Card is a great alternative to those who need a card for the purpose of earning cash back on purchases.  Furthermore, Money Credit Card is a credit card that gives you access to the MasterCard banking network, which means that you’ll be able to use your card anywhere MasterCard is accepted. People are saying that Money Credit Card can give you the security of a MasterCard because it’s backed by MasterCard’s protection from fraud. 

Rates and Fees of Money Credit Card

Annual Fee: The monthly fees of Money Credit Card is R100.88, which gives us to a little over R1,200 annually. This annual fee is considered an average knowing that this card can give you a high credit limit and beneficial things to start with. 

Late Payment Penalty Fee: The Money Credit Card charges a late payment fee if R100 to those cardholders who forgot to pay their monthly dues on time. Furthermore, late payments can damage your credit history so better avoid it.   

Returned Payment Fee: Money Credit Card didn’t disclose if they have any returned payment fees. With that, make sure to check the terms and conditions of the card before agreeing into anything. 

Foreign Transaction Fee: Money Credit Card also didn’t state about any foreign transaction fees. Furthermore, they have an over limit fee of R200 so make sure to stop spending money on international purchases after your credit limit has been disbursed. 

Interest Rate: For the interest rates, Money Credit Card didn’t disclose anything about it. Moreover, the usual would be 10% to 15%, but higher than that can be a hefty on your wallet. 

Other fees: Money Credit Card charges a cash deposit fee of R100 and an initiation fee of R56. With that, before getting Money Credit Card, make sure to take these other fees into consideration. 

Qualifying for Money Credit Card

Minimum Credit Score needed: The minimum credit score required to be eligible for Money Credit Card is good to excellent ones. So in general, a score of 650 to 730 gives you a high possibility of getting approval for the card.     

Annual Income requirements: Money Credit Card didn’t disclose any annual income requirements. But if you are a middle income earner, it is stated that this card is designed for your income limit. 

How to apply for Money Credit Card?

The application process for Money Credit Card is purely online. The application process is very simple and it takes 10 minute or less. With the process, you have to fill out an application form that states your name, age, address, monthly income, employment details, and more. 

After the application process is complete, the next step is to verify your identity with documents that are not more than 6 months old. Once done, submit your application and wait for the approval of the bank. Assuming that you have been approved, check the terms and conditions of the card including its rates and fees, and then sign the contract. 

Finally, use your Money Credit Card for daily purchases and traveling! 

Final thoughts

For those who want to avoid the fraud and charge nightmare that credit cards can bring, there is a financial solution. Using a Money Credit Card is a safe way to go. It offers the benefits of a credit card without the added risk. Money Credit Card is a card which is the perfect solution for people who want to make their finances easier. It gives you a credit card that you can use without having a poor credit score.

In addition, with this card, you can build your credit history or establish yourself as a creditworthy customer. You’ll be able to build up a good credit score with Money Credit Card’s low interest rates and low fees. Money Credit Card is a card that you can use to buy as much as you want and still have enough left over to splurge on something special!