Woolworths

Woolworths

Woolworths Credit Card Image
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Woolworths Credit Card

Getting yourself to access sufficient funds for performing transactions for your needs is somehow difficult, given the prevailing economic conditions and large number of activities that need funding.

About – Woolworths

Here and there we find our salaries not enough to sustain us, or sometimes having no cash when we need it. With that, credit cards represent one of the best alternatives to quick loans, short-term loans and personal loans.

The credit cards give the holders a chance to finance their activities with large sums of money. Woolworth financials brings you access to three types of credit cards, that’s the black gold and silver credit cards, all these come with excellent services to the holders.

WOOLWORTHS CREDIT CARDS

To our people who are employed, getting an income that is above R2 000 allows Woolworths to offer credit cards to you. You can transact and make purchases at our retail outlets, enjoying 5% discounts on advertised prices.

Woolworths credit cards will give you vast amounts of credit that starts from as little as R300 going up. The credit is available with a grace period of 55 days, and after that, the client accounts will be charged with interest rates.

The Woolworths credit cards are a great way of improving your financial status with a cheap, reliable and sufficient economic alternative.

WHAT BENEFITS DOES WOOLWORTHS CREDIT CARDS OFFER?

In addition to bringing discounts on purchases at our retail outlets, the Woolworths credit cards are endowed with MasterCard.This means our clients can have broad acceptance of their cards from within and outside South Africa.

When a client obtains a credit card, they will have access to a maximum of 8 credit cards on the same account. Making sure that family members and loved ones will be covered.

The Woolworths credit cards also allow applicants to withdraw and perform transactions at very low costs. Our clients can withdraw cash and make purchases free of charge. Thus, at Woolworth, we give you the best of financial services.

DOES WOOLWORTH PROVIDE CREDIT CARDS TO NON-CLIENTS?

The company makes the credit card facility available to everyone who meets its requirements. The shopping clients do not enjoy credit card benefits, and this is why they will need to apply for credit cards to access the credit facility.

When external applicants make applications with us, they become our clients from that day and so they will not be disadvantaged of anything.

The company offer credit cards to both shopping clients and non-shopping clients, as long as they meet the requirements, they will be good to go.

HOW ARE WOOLWORTHS CREDIT CARDS REPAID?

Woolworths credit cards have a repayment that is similar to personal loans and the majority of credit cards offered in South Africa. Our credit cards come with a monthly repayment that extends to a period of 60 months for all amounts that are above R300.

The instalments are paid directly from the holder’s bank account where payments are made through a direct debit system. The clients can make variable repayment amounts provided that the repayments are above our minimum requirement of 5% of the total debt.

When an account passes the grace period without being fully repaid, it will attract interest charges, which will increase the debt balance.

WHAT IS THE WOOLWORTHS CREDIT CARD LIMIT?

The amount of money that clients will access their credit cards will vary depending on the clients’ credit profile.

The credit profile is built from the income and credit history of the applicant, basing on this, a client with good credit scores will have access to a large number of funds and so vice versa.

Similar to other credit services offered in the country, our credit cards come with requirements that seek to stratify applicants to remain with those who can make repayments.

The applicants are at all times required to have regular incomes that are received through bank accounts. Woolworths credit cards will only be accessed by applicants who can meet a minimum income of R2 000. The applicants will also need to have a good credit score in addition to being South African residents who are over the age of 18 years.

The following documents will be required to facilitate a successful application

Requirements

  • A South African Identity document.
  • Three months stamped South African bank statement.
  • Proof of income 
  • The applicant should be at least 18 yrs old
  • Must be a South African citizen
  • Must be employed and have proof of income

HOW TO APPLY FOR WOOLWORTHS CREDIT CARDS?

Our company makes your access to credit cards a simple procedure. With our online application, clients can apply from anywhere at any time.

The application process will need clients to fill all the fields before attaching their documents. Applicants will also need to familiarise and sign our terms and conditions before applying.

This is what clients will need to do before waiting for our credit team who will give a notice when the credit card application has been successful.

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