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Standard Bank World Citizen Credit Card Review 2024 | Rateweb
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Standard Bank World Citizen Credit Card Review 2024

The Standard Bank World Citizen Credit Card offers credit card holders a generous credit limit of up to R250,000.00. This card is accessible to individuals who earn a minimum monthly income of R25,000.00.

However, there are associated costs with the World Citizen Credit Card, including:

  • Interest-Free Period: can enjoy up to 55 days interest-free on purchases when you pay your account in full each month. This feature is perfect for managing expenses while maximizing savings.
  • Minimum Monthly Repayment: the card requires a 3% minimum monthly repayment, ensuring manageable and structured payments. You also have the option of setting up automatic payments for added convenience.
  • Monthly Fee: a modest monthly fee of R209 is associated with the Standard Bank World Citizen Credit Card. This fee covers the card’s maintenance and services.
  • Initiation Fee: Upon opening your account, a one-time initiation fee of R180 is charged. This fee is standard for most credit cards and is part of the account setup process.
  • Private Banking Signature Account Bundling: For those with a Private Banking Signature account, the monthly fee for the World Citizen Credit Card is waived. This bundling option offers additional savings and benefits for eligible customers.

In addition to the expenses associated with owning the Standard Bank World Citizen Credit Card, the card also offers a range of benefits that enhance the experience of traveling, spending, and purchasing insurance products. Let’s delve into the benefits provided by the Standard Bank World Citizen Credit Card below.

Standard Bank World Citizen Credit Card Benefits 

Travel Benefits:

  • Save up to 20%* on Emirates flights when booking through Leisure Desk.
  • Enjoy up to 35%* off international car rentals and chauffeur services with Avis.
  • Earn up to 10%* cashback on Booking.com bookings using your Credit Card.
  • Receive a 10% discount on Gopals hard- and softshell luggage.
  • Access exclusive experiences and offers worldwide through Mastercard Priceless Cities.
  • Enjoy 10% off car rentals with Rentalcars.com and Budget International.
  • Get a 10% discount on international roundtrip fares with Travelstart.
  • Save 15% on IHG Hotels & Resorts across select regions when using your Credit Card.
  • Unlimited access to Standard Bank, Bidvest, and International lounges.
  • Enjoy up to 12 visits per year to Standard Bank library and Fluent lounges.
  • Get 10% off at OneFineStay apartments.
  • Save up to 15% on car rentals with Hertz.

Lifestyle Benefits:

  • Get 15%* off online purchases at Wine-of-the-Month Club.
  • Shop at thousands of U.S. online stores through MyUS and save on shipping.
  • Access luxury shopping and exclusive offers at European shopping centers through Bicestercollection.
  • Enjoy food and lifestyle offers on the Priceless Specials MEA App.
  • Get 2 months of Lingokids for free and 30%* off monthly subscriptions.
  • Enjoy 10%* off selected items on Farfetch.com.
  • Receive free internet access for 11 months from AlwaysOn Wi-Fi.
  • Unlock 75% scholarship off program tuition fees with UNICAF.
  • Get 25% discount on your first Fiit subscription payment.
  • Participate in the Mastercard Gamer Pass community at Gogamers.
  • Shop designer fashion for up to 70% less at McArthurGlen’s centers.
  • Access Global Blue VIP Services for tax-free shopping.
  • Receive complimentary gold status membership and silver tier benefits with Legacy Lifestyle Rewards.
  • Get up to 10%* discount on surgeries and procedures with Mastercard Medical Tourism Concierge.
  • Earn 3 times more UCount Rewards Points with every qualifying Credit Card purchase.

Insurance Benefits:

  • Travel with peace of mind with coverage for luggage and flight delays.
  • Receive medical emergency coverage while traveling.
  • Generate instant travel insurance letters for visa applications.
  • Enjoy Purchase Protection for confident Credit Card use.

Standard Bank World Citizen Credit Card Fees 2024

Fee TypeDescriptionAmount (R)
Monthly Service FeeApplicable to all credit cards except Student and World Elite169
Monthly Card Fee (Standalone)Blue: 23, Gold: 23, Titanium: 49, Platinum: 68, World Citizen: 169Varies
Secondary Cards FeeAll secondary cards26
Garage Card Monthly Service FeeLinked to current account, Linked to Mastercard®, Standalone100
WithdrawalsCash withdrawal at ATM2.40/100
Cash withdrawal at branch80 + 3/100
Quasi Cash & Cash advance on casino chips purchases2.80/100
Other banks ATM cash withdrawals2.40/100
International cash withdrawals3/100 (min 70) + Intl. transaction fee*
DepositsCash deposits at ATM1.40/100
Notes cash deposit at branch80 + 3/100
Coin cash deposits at branch80 + 15/100
Notes and coin deposit at branch80 + 3/100 + 15/100
PaymentsInter-account transfers Online4
Account payments Online9.50
Payment confirmation SMS1
Payment confirmation Email1.50
Payment confirmation Fax22
Point Of Sale (POS)Purchase onlyFree
Purchase with cashback1.40/100
Cashback only1.40/100
Prepaid RechargesPrepaid airtime, SMS, data (ATM or online)0.60
Prepaid electricity1.60
Information FeesATM balance enquiry – no slipFree
ATM balance enquiry – with slip1
Branch balance enquiry18
Other banks ATM balance enquiry10
Voucher retrieval – local90
Voucher retrieval – international290
ATM provisional statements7.50
Branch provisional statements50
Transaction history: charged per 30 day period50
Penalty FeesHonouring fee (only applicable to cards opened before 1 June 2007)145
Default administration fee (after 60 days of delinquency)65
Late payment fee170
New Card Fees and Card Delivery FeesInitiation fee190
Card replacement fee – Local170
Express delivery (to branch or face-to-face delivery)500
Face-to-face card deliveryFree
DSV Locker deliveryFree
Branch delivery180
Other FeesPIN reset at branch12
Pin reset at ATMFree
POS decline9
ATM decline Standard Bank9
ATM decline Other bank9
E-Commerce decline fee9
International transaction feeVaries*
Garage card fuel transaction fee25
Lounge access – Minimum card spend thresholdsVaries**

Competitive Advantages

  • Generous Credit Limit: The card offers a credit limit of up to R250,000.00, providing flexibility and convenience for various spending needs.
  • Exclusive Travel Benefits: Cardholders can enjoy discounts on Emirates flights, international car rentals, and access to lounges worldwide. These perks enhance the travel experience and save money on travel expenses.
  • Reward Programs: Earn UCount Rewards Points for swiping the credit card on qualifying purchases, allowing cardholders to accumulate points and redeem rewards over time.
  • Value-Added Services: The card comes with complimentary travel insurance, access to lifestyle offers, discounts on online purchases, and free visits to lounges, adding value to the overall cardholder experience.
  • Security Features: Standard Bank provides ATM robbery insurance, Purchase Protection cover from Mastercard®, and personalized travel concierge assistance for added security and peace of mind.

Competitive Disadvantages

  • High Fees: While the card offers numerous benefits, it comes with a monthly fee of R209 and an initiation fee of R180. These fees may deter potential customers who are looking for a more cost-effective credit card option.
  • Minimum Income Requirement: The card is available to individuals earning a monthly income of R25,000.00 or more. This income threshold may exclude some potential applicants who do not meet the minimum income requirement.
  • Limited Lounge Access: Although the card provides access to Standard Bank, Bidvest, and International lounges, the number of complimentary visits may be limited depending on the card type and spending thresholds.

How to qualify for the Credit Card 

  1. You must earn a minimum income of R25,000.00 per month.
  2. Must be over the age of 18 at the time of application. 
  3. You need to have a South African ID or a passport if you are not a South African citizen. 
  4. Have proof of residence not older than 3 months. 
  5. Have a recent payslip and a 3 months bank statement showing income

Conclusion

The Standard Bank World Citizen Credit comes with great travel benefits that include hotel discounts, and flight discounts. This credit card is suitable for someone that likes to travel the world as they would enjoy most if not all the benefits that come with the credit card. 

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