Why have a credit card?
If you are over 18, a South African citizen and earn over R3 000 per month, you can enjoy the benefits of a TymeBank credit card.
1
You can shop online or in-store
You can use your credit card anywhere you see the Visa logo, anywhere in the world. You can also draw cash at any ATM on the planet, for a small fee.
2
They come with built-in security
A credit card is filled with loads of safety features such as SMS notifications to keep your money safe from fraud-tsotsi’s. And, if you take up a credit card protection plan, your balance will be covered up to R250 000 should you die, get a dread disease or become permanently disabled.
3
You can pay off big expenses more easily
The budget facility on a credit card means you can pay off big expenses, like an unexpected medical emergency, a new fridge or school fees, in smaller monthly installments over 6, 12, 18, 24 or 36 months for purchases of R200 or more.
4
You can build up your credit record
When applying for a car loan or a clothing store account, your bank will look at your credit history. Managing your credit card well by making payments in full and on time, is an easy way to get a good credit record. And a good credit score means quicker approval for loans and possibly even lower interest rates.
