Reviews
Sanlam Money Saver Credit Card full review: should you get it?
A credit card that turns your purchases into cashback and encourages you every time you decide to save. Learn more about this card unlike anything you've ever seen:
Advertisement
Sanlam Money Saver Credit Card: Save money on everything you spend!
Sanlam Money Saver is a credit card with totally unprecedented benefits. And you can learn more about it in our Sanlam Money Saver Credit Card review. So, read on!
Sanlam Money Saver Credit Card: check out how to apply!
Find out how to apply for a credit card that can get you up to 5% cashback! Understand more here:
This card rewards you every time you save. To learn how this rewards program works, see the following review!
Credit Score | Average or better (634 or more); |
Monthly Fee | R56; |
Initiation Fee | R165; |
Interest Rate | N/A; |
Rewards* | Up to 5% cash back in the form of a Wealth Bonus every time you swipe; R1 cashback at eligible gas stations. *Terms apply. |
Sanlam Money Saver Credit Card: learn more about this financial product
This card with a rewards program, unlike anything you’ve ever known. With this card, you can commit to saving 2.5% of everything you spend.
For example, if you purchase R100, another 2.5% goes out of your balance and into your Wealth Bonus account. To encourage you, Sanlam bank doubles these savings.
So another 2.5% is added as cashback. This will happen automatically every time you shop at participating stores. If you don’t want to save money, that’s fine.
The bank will offer 5% on all purchases at partner stores. The accumulated money yields and can be withdrawn quarterly at the end of each year.
However, we recommend you don’t spend it: let it always yield more to have a great retirement. In addition, you can count on 55 interest-free days. This is a Mastercard.
Therefore, you can normally use it for all your international trips.
You will be redirected to another website
Sanlam Money Saver Credit Card features
Indeed, few cards have the objective of encouraging their customers to save. Therefore, we can say that this card is different from anything you know.
However, like its competitors, this card also has “points to improve”. To learn about the main pros and cons of this credit product, see the list below:
What are the benefits?
- A rewards program that helps you save and multiply your rewards;
- 55 days without interest;
- Mastercard credit cards are accepted anywhere in the world.
And what are the drawbacks?
- You can only use your rewards each quarter or after each year;
- The total amount of reward you can earn through your Wealth Bonus is variable and may not meet your expectations;
- Rewards program restricted to some stores.
What credit score do you need to get the card?
In fact, the official website of this product does not set a minimum credit score for its applicants. However, we recommend that you have at least an average score (above 634) to increase your chances of passing.
How does the application process work?
To learn how to apply for this card, read our post below!
Sanlam Money Saver Credit Card: check out how to apply!
Find out how to apply for a credit card that can get you up to 5% cashback! Understand more here:
Trending Topics
Load up to R1M: MG CashViza Prepaid Debit Card review
Your MG CashViza Prepaid Debit Card is waiting for you! Order yours and trade in up to 24 currencies at the same time!
Keep ReadingAbsa Student Credit Card: check out how to apply!
Learn how to apply for the Absa Student Credit Card and build your credit while still in college with 30% cashback, no monthly fee, and more!
Keep ReadingStandard Bank Gold Credit Card review: should you get it?
Standard Bank Gold Credit Card customers have a credit limit of R250,000 and discounts of up to 30% on flights and accommodations. Read on!
Keep ReadingYou may also like
African Bank Credit Card full review: should you get it?
The African Bank Credit Card is a consolidated card option that offers 62-day interest rate waivers, life insurance, and more. Learn more!
Keep ReadingAfrican Bank Gold Credit Card: check out how to apply!
Apply for the African Bank Gold Credit Card! Access a card that offers basic credit services and 60 days with no interest rate!
Keep ReadingAbsa Gold Credit Card: check out how to apply!
Apply for Absa Gold Credit Card and enjoy a reward program and travel benefits. Up to 30% cashback. Keep reading to learn more.
Keep Reading