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:
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!
This card rewards you every time you save. To learn how this rewards program works, see the following review!
|Average or better (634 or more);
|Up to 5% cash back in the form of a Wealth Bonus every time you swipe;
R1 cashback at eligible gas stations.
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 The accumulated money yields and can be withdrawn quarterly at the end of each year.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!
About the author / José Gonçalo
Standard Bank PayCard: check out how to apply!
Apply to Standard Bank PayCard and see how you can make all your employee payments with just a few clicks. No hidden fees! Read on!Keep Reading
Hoopla Loans review: loan for all needs, money in record time
Hoopla Loans is a tool that will help you find good loans even with a bad credit score. Read on and learn more!Keep Reading
You may also like
Absa British Airways Visa Credit Card: check out how to apply!
Apply to Absa British Airways Visa credit card and gain access to an excellent frequent flyer program and access to exclusive airport spaces!Keep Reading
Absa Student Credit Card full review: should you get it?
You need to know the Absa Student Credit Card. Pay no monthly fee and enjoy up to 57 days interest-free on qualifying transactions! Read on!Keep Reading