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.
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.
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.
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.
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.