TymeBank Credit Card in South Africa
TymeBank credit card is another great product launched in 2022 that provides their clients with access to cash at any time.
TymeBank, one of the digital banks with the fastest rate of growth in the world, has formally released its first credit card.
From customers’ high demand, Tymebank successfully responded with a credit card product that offers their customers flexibility to access money and pay later.
Benefits of TymeBank Credit Card
It's good of you to strike a balance between what your family requires and your financial requirements.
A TymeBank CreditCard makes it simpler to accumulate more rewards, have access to more money, and brighten your life.
Your TymeBank CreditCard may be used to make purchases anywhere, including online, and to withdraw cash from any ATM for a modest cost.
When your account is paid in whole and on time each month, you can additionally receive up to 55 days without paying interest.
| Bundled Benefits |
|---|
| SMS notifications |
| Monthly statements |
| SmartShopper points everywhere you shop |
| Delivery of your first personalised TymeBank CreditCard. |
| Get up to 55 days interest-free. |
TymeBank Credit Card Fees
Outline of the pricing schedule, fees and charges.
| Pricing Schedule | Fees |
|---|---|
| Secondary Cards | Free |
| First Card Replacement Fee (lost/stolen) | Free |
| Credit Card Purchases | Free |
| Card Courier Fee (*discretionary fee of R200 for repeated non delivery) | Free |
| SMS Notifications | Free |
| Initiation Fee (once-off) | R160.00 |
| Monthly Service Fee | R40.00 |
| Statement Copy Fee | R5.50 (*where applicable) |
| Late Payment Fee | R100.00 |
| Overseas Purchases | 2% on Rand Value |
| Customer Protection Insurance (CPI) *Optional | R4.50 (per R1 000 of your outstanding balance) |
Why have a Credit Card?
You are eligible for a TymeBank CreditCard if you are at least 18 years old, a citizen of South Africa, and your monthly income is over R3 000.00
You Can Shop Online or In-Store
Anywhere in the world that displays the Visa logo, you may use your credit card.
For a modest fee, you may also withdraw money from any ATM on the world.
They Come With Built-In Security
A credit card has a ton of security safeguards, including SMS notifications, to protect your money from fraudsters.
Additionally, if you enroll in a credit card protection plan, your remaining amount will be covered up to R250 000 in the event of your death, contracting a terrible illness, or developing a permanent disability.
You Can Pay Off Big Expenses More Easily
If you make purchases of R200 or more, you can use the budget facility on a credit card to spread out large bills, such as an unanticipated medical emergency, a new refrigerator, or school tuition, over a period of 6, 12, 18, 24 or 36 months in smaller monthly installments.
You Can Build Up Your Credit Record
Your bank will review your credit history when you apply for a car loan or a store account.
A solid credit history may be easily obtained by using your credit card responsibly and paying your bills on time and in full.
Additionally, a high credit score facilitates loan approval quickly and may even result in lower interest rates.
How to get the most out of your Credit Card
Did you know that you can earn even more points on your Pick n Pay Smart Shopper.
One Card
Travel light.
You just need to keep one card in your wallet because your credit card is already connected to the Pick n Pay Smart Shopper program.
Swipe and Earn
Oh, swipa!
Every time you use your TymeBank card to make a purchase, regardless of where you buy, you will accrue Smart Shopper points.
Earn 4x Smart Shopper Points
When you swipe and pay with your TymeBank CreditCard at any Pick n Pay till point in South Africa, we'll reward you 4x Smart Shopper points.
Shop Online Using TymeBank Credit Card.
You’re Safe.
Be absolutely certain the internet shop you're buying from will fulfill its promises because there are tsotsis out there.
You will always receive a one-time PIN (OTP) from our end through SMS so that you can approve or disapprove the transaction.
Sharable Information
Before you can make any purchases online using "Verified by Visa" cards, you must share a few facts, including your TymeBank CreditCard's 16-digit number, its expiration date, and the CVV, or card validation code (the last 3 digits on the back of your card).
It's okay.
This is not a con.
Where to Apply
To start you online application, simply follow these link apply.tymecard.co.za
Conclusion
Credit cards comes with lots of benefits that many people who don’t live debts are not aware of.
One of the greatest benefits is helping you shape your credit profile to enable you to qualify for more financing with major banks.
We have put a list below of some of the available cards and offering that are out there.
