The South African business landscape has been flocked with many businesses which offer credit cards to their clients as a means of establishing convenient means of conducting business with consumers. Though the move is designed to heighten profits for such businesses, consumers find themselves enjoying carrying plastic money compared to moving around carrying a lot of money in their purses and brief cases.
Virgin Money, a UK-based bank and financial services company owned by the Virgin Group, employed this financial facility for its clients. The firm’s credit cards can be applied online or over the phone and clients have the liberty to choose a credit card that is designed to suit their needs. Worth noting is that a client can also select up to 3 additional cards (secondary cards) that will be linked to his main account.
The Virgin Money Credit Card also gives clients a platform to be in possession of Car Card thus a member doesn’t need to carry some cash for petrol wherever they go. The card has access to a client’s money from his main account.
Who should apply?
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Someone 18 years and older
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That person should be earning a monthly salary of R 5000 or more
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He/she should be a permanent South African resident with a green bard-coded ID
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Must have a savings or cheque account
Some of the benefits that you get while using this credit card include; no annual card fee charged and no fee is charged to access Virgin Money Online and no charges for swiping. Meanwhile, Virgin Money will charge fees in the following areas and here’s to how:
ATM enquiries, statements, Car Card transactions |
Per transaction |
R5.50 |
ATM withdrawals anywhere in the world |
Per transaction |
R15.00 |
ATM cash deposits (Absa only) |
Per transaction |
R26.00 |
What’s your credit limit?
Clients are granted a credit limit upon approval of the credit card and this will be based on their credit score. The score is due to a number of factors and worth noting is that a client should stick to this limit.