The Standard Bank Platinum: Tailored for Sophisticated Banking with Exclusive Rewards and Premium Benefits
The Standard Bank Platinum Credit Card offers an elevated banking experience tailored to individuals who appreciate sophistication, flexibility, and premium benefits.
Designed to meet the needs of high-income earners, the card provides access to exclusive perks, seamless international transactions, and personalised banking services. Whether you are travelling abroad or making high-value purchases locally, this card guarantees convenience and a wide range of rewards that enhance your financial lifestyle.
From travel protection to cashback on select purchases, the Standard Bank Platinum delivers everything you need to manage your finances with ease and enjoy a luxurious lifestyle.
About the Standard Bank Platinum
The Standard Bank Platinum Credit Card is ideal for individuals who require a versatile card with premium benefits. This card comes with features designed to enhance your daily transactions, including secure online payments, global acceptance, and access to travel and lifestyle perks.
Cardholders benefit from Standard Bank’s renowned customer service and personalised banking support. Whether you are seeking greater flexibility or exclusive rewards, the Standard Bank Platinum offers a range of options to meet your financial needs while keeping your experience both secure and rewarding.
Benefits and advantages of the Standard Bank Platinum
The Standard Bank Platinum credit card offers numerous advantages that are tailored to suit the needs of its premium customers.
Whether you are looking for rewards or everyday convenience, this card provides a comprehensive suite of benefits:
- Cashback on select purchases, offering valuable rewards for your spending.
- Access to global rewards programmes, allowing you to redeem points for travel, experiences, and products.
- Comprehensive travel insurance, ensuring peace of mind during international trips.
- Worldwide acceptance, making payments easy no matter where you are.
- Secure online transactions with advanced encryption technology to safeguard your payments.
- Lifestyle perks, including discounts on dining, entertainment, and retail purchases.
- Personalised banking support with dedicated customer service available for Platinum cardholders.
- Free access to airport lounges, offering comfort and convenience during your travels.
- Flexible repayment terms, allowing you to manage your finances more efficiently.
Fees and charges
The Standard Bank Platinum Credit Card offers a transparent fee structure to ensure you know exactly what to expect. Some of the key fees associated with this card are:
- Monthly service fee: 250 ZA.
- Foreign currency transaction fee: 3% on international purchases.
- Cash withdrawal fee: 30 ZA for local withdrawals, R50 for international withdrawals.
- Interest rate: 17% to 20%, depending on your credit profile.
- Late payment fee: 75 ZA if your minimum payment is not made by the due date.
These fees are competitive for a card in this category and are designed to balance premium benefits with affordability for cardholders.
Minimum income
To qualify for the Standard Bank Platinum Credit Card, you need to have a minimum monthly income of 25,000 ZA.
This requirement ensures that the card is available to high-income individuals who are looking for exclusive benefits and superior financial flexibility.
In case your income falls below this threshold, Standard Bank may offer alternative credit products that better suit your financial profile.
Annual fee
The Standard Bank Platinum Credit Card has an annual fee of 1,200 ZA. However, the annual fee can be waived for the first year as part of Standard Bank’s promotional offers.
If your annual spending exceeds a certain threshold—typically 200,000 ZA—the bank may reduce or eliminate this fee in subsequent years. This structure rewards high usage and encourages active cardholders to take full advantage of the card’s premium benefits.
Credit limit
The credit limit for the Standard Bank Platinum Credit Card is determined based on your income and creditworthiness.
The starting limit typically begins at 50,000 ZA, but can go much higher depending on your financial standing. Standard Bank conducts a thorough review of your financial profile, considering factors such as income, existing debt, and payment history, to set a credit limit that suits your needs.
Over time, your limit may be adjusted based on your card usage and repayment behaviour.
How to apply for the Standard Bank Platinum
Applying for the Standard Bank Platinum Credit Card is a straightforward process that can be completed online or by visiting a branch. Below is a step-by-step guide on how to apply:
- Visit the Standard Bank website and go to the credit cards section.
- Select the Platinum Credit Card and click on “Apply Now”.
- Complete the application form, providing your personal details such as name, ID number, and contact information.
- Submit financial information, including proof of income (payslips or bank statements) and proof of residence.
- Wait for the credit assessment, which involves a review of your credit history and current financial obligations.
- Once approved, your card will be delivered to your address. You can activate it via the Standard Bank mobile app or by calling the customer service number.
Contact Standard Bank
For any queries or further assistance regarding the Standard Bank Platinum Credit Card, you can get in touch with Standard Bank through the following channels:
- Phone: 0860 123 000 (within South Africa) or +27 11 299 4701 (international)
- Email: [email protected]
- Address: Standard Bank Centre, 5 Simmonds Street, Johannesburg, 2001, South Africa.
Standard Bank’s dedicated customer service team is available to assist with any inquiries, whether it’s about your application status, managing your card, or exploring additional banking services.
