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Standard Bank Platinum Credit Card review

The Standard Bank Platinum Credit Card offers you exclusive benefits and rewards, making it the perfect choice for those who want a little bit of luxury in their lives. Read our full review to learn more!

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by Aline Barbosa

Published on 01/20/2023

Standard Bank Platinum Credit Card: Travel and lifestyle perks at an affordable rate!

Standard Bank Platinum Credit Card
An exclusive credit card with premium benefits and travel perks. Source: The News Stacker.

Are you looking for an all-in-one credit card option that offers great value, convenience and financial flexibility? Then you’re going to love the Standard Bank Platinum Credit Card.

Standard Bank Platinum Credit Card

How to apply for the Standard Bank Platinum Card

Are you wondering how to get your hands on a Standard Bank Platinum Card? We will tell you everything you need to know!

This card offers premium benefits with a versatile payment solution for your every need. 

  • Requirements: To qualify, you need to be over the age of 18 with a valid South African ID. You need to earn at least R58,000 monthly and provide proof of residence along with recent payslips and bank statements with your last 3 salaries. 
  • Initiation Fee: R180.00.
  • Monthly Fee: R103.00.
  • Rates: Personalised rates that reflect your credit risk profile and range between 10.25% and 21%.
  • Rewards: Earn UCount Rewards Points on every purchase you make. Plus cash back and special discounts in travel and lifestyle categories. 

Whether you use it for everyday purchases or for special occasions like travel, the Standard Bank Platinum Credit Card provides access to exclusive privileges in addition to all the standard features.

From cash back opportunities to insurance protection, there are plenty of reasons why this credit card may be the right choice for you. Want to learn more? Then keep reading our full review to see what else this card’s got for you.

Standard Bank Platinum Credit Card: What can you expect?

With the Standard Bank Platinum Credit Card, you can look forward to a world of convenience and perks. Enjoy access to a range of special privileges and benefits such as low overseas transaction fees, and access to the Standard Bank Rewards Programme.

Having the card does not come cheap. That means you’ll have to pay a monthly fee of R103.00, and a one-time initiation fee of R180. Your interest rates reflect your creditworthiness and range between 10.25% and 21%.

But if you prioritize this card in your wallet, the rewards are well worth the fees. Plus, you can get a credit limit as high as R250,000. The card also comes with built-in security features such as Tap to Pay, Chip and PIN technology.

Get cash back and special discounts on travel and lifestyle purchases, and have access to insurance benefits such as basic travel coverage, ATM Robbery Insurance, purchase protection and the optional Credit Card Protection Plan. 

Do the pros outweigh the cons?

Standard Bank Platinum Credit Card
Get peace of mind with this outstanding credit card. Source: Canva.

Before making your final decision, it’s important to weigh up the pros and cons so that you can better evaluate whether this is the right choice for your individual circumstances.

See the Standard Bank Platinum Credit Card pros and cons next. 

Pros

  • Earn UCount Rewards Points on every purchase you make;
  • Earn discounts and cash back on travel and lifestyle purchases;
  • Have access to basic travel insurance and other security features;
  • Manage your account on-the-go with Standard’s mobile app;
  • Get a spending limit up to R250,000 and change it on request.

Cons

  • High branch fees;
  • High amount of transaction fees;
  • Requires a R58,000 monthly income to qualify.

What are the eligibility requirements?

To become eligible for this card, you need to earn at least R58,000 monthly. You also need to be a South African resident over the age of 18 and have a valid identification document.

Standard Bank requires a recent proof of residence and proof of income, which you can provide by showing your last bank statements and payslips reflecting your last three salaries. 

Learn how to request the Standard Bank Platinum Credit Card

Do you want to make your life more convenient, secure and luxurious? Are you looking for a great rewards program that adds even more value to your everyday purchases? Then check the following link and learn how to apply for the Standard Bank Platinum Credit Card!

We’ll show you how the process works step-by step, and tell you what you can expect from the application process. Interested? Read on for more!

Standard Bank Platinum Credit Card

How to apply for the Standard Bank Platinum Card

Are you wondering how to get your hands on a Standard Bank Platinum Card? We will tell you everything you need to know!

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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