The Standard Bank Titanium credit card strikes a healthy balance between work and play. Professionals will appreciate the credit card because it comes with a slew of lifestyle perks, discounts, and insurance features. Travel advantages, including as Avis, Hertz, and Leisure Desk savings, are available with the Titanium credit card. Furthermore, whether you shop online or in-store, you may shop with a high level of security. The Titanium credit card is chip and pin enabled and has 3D secure verification.
Standard Bank Titanium Credit Card Summary
The Standard Bank Titanium credit card is for professionals and postgraduates. If you have a 3-year undergraduate and postgraduate degree, you must earn at least R25,000.00 per month to qualify for the Titanium credit card. The Titanium credit card offers a 55-day interest-free grace period and requires monthly repayment of 3% of the outstanding balance. The Standard Bank Titanium credit card offers variable interest rates between prime and repo rate + 14%. High-risk clients typically pay higher interest rates, so maintaining a good credit score will lower your Titanium credit card interest rate. The maximum credit available is R250,000.00. The Titanium credit card has a R74.00 monthly service cost and an R180.00 startup fee. Credit is granted based on your ability to repay it.
Benefits of the credit card
You get up to 10% off when you swipe at least R300.00 at ‘A Place to Shop’.
When you buy 1GB of ‘AlwaysOn Wi-Fi’ data you get 11GB free data.
You get up to 35% off on Emirates flights when you book through Leisure Desk.
You get access to food and lifestyle offers on the MasterCard Buy 1 Get 1 App.
No need to pay monthly maintenance fee if you bundled the credit card with a Prestige Banking Account.
You can take advantage of good interest rates by keeping a healthy credit rating.
Comes with basic travel insurance when you use your card to purchase flight tickets.
Can enjoy up to a maximum of R250,000.00 in credit, giving you high financial leverage.
You get numerous discounts on travel, lifestyle and insurance.
Competitive disadvantages of the Standard bank Titanium Credit Card
The credit card is mainly for those with degrees or those who occupy professional positions in the workplace.
Monthly maintenance fee has been increasing at a high percentage from year to year increasing from R40.00 in 2017 to R74.00 in 2022.
As a professional credit card, the Titanium credit card doesn’t have a dedicated private banker to assist you but you have access to help on online platforms or phone.
You are charged for using your card for almost everything except for POS purchases and ATM balance enquiry.
The account has a high international transaction fee of 2.75%.
Must earn at least R25,000.00 per month or R5000.00 per month if you possess an undergraduate degree and a postgraduate degree.
Have a South African ID book or copy or passport if you are not a South African citizen.
A recent 3 months bank statement reflecting your income. There is no need to have a 3 months bank statement if you bank with Standard Bank.
Proof of residence not older than 3 months.
Recent 3 months payslips.
For various activities that one undertakes with his or her Titanium credit card, the Standard Bank Titanium credit card gives substantial reductions and even greater priority on billing fees. Although the Titanium credit card is aimed at professionals, it does not have the usual perks associated with such a card. The discount ranges on the Titanium credit card, on the other hand, are extraordinary and, in certain circumstances, over board, so Titanium credit card users get some money back on their purchases.
Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips.
He can be contacted at firstname.lastname@example.org