7 Reasons to get a credit card
A credit card is a must-have financial tool. Learn more about the reasons to get a credit card.
1. The convenience factor
Your credit card gives you instant access to money without you actually having to carry it around.
2. Security is top priority
The security features that go into a credit card makes it safe to not only shop online but also in-store. Payment apps like MasterPass™ make your credit card even safer, and easier, to use. In unforeseen circumstances like in the event of death, permanent disability or dread disease your credit card balance will be covered upto R250 000 if you take up our credit card protection plan.
3. Accepted worldwide
You can use your MasterCard and Visa credit card to pay for things while abroad. And if it’s super urgent, you can even withdraw cash from ATMs.
4. Build up your credit record
When applying for vehicle finance or a personal or home loan, your bank will look at your credit history. Using and paying off a credit card timeously is an easy way to build up a positive credit record. This means quicker approval for loans and possibly even lower interest rates.
Download credit score checklist5. Collect Ucount Rewards Points
Collect UCount Reward points when you use your credit card for everyday purchases. You can use these reward points with our partner retailers like Caltex
6. Easy Payment Solutions
The budget facility on a credit card means you can pay off big expenses, like an unexpected medical emergency, a new fridge or a missed flight, in monthly instalments.
7. Free travel insurance
Receive free basic travel insurance when paying for overseas flights with your credit card (along with the option of taking up additional comprehensive insurance at preferential rates).
Disclaimer: This article is for information purposes only and does not constitute financial, tax or investment advice. Readers are strongly encouraged to seek financial or legal advice before making any decisions based on the content.
Standard Bank, its subsidiaries or holding company, any subsidiary of the holding company and all of its subsidiaries, make no warranties or representations (implied or expressed) as to the accuracy, completeness, or suitability of the content of this article. The use of the article and any reliance on the content is at the reader’s risk.