TymeBank is one of the world’s fastest growing digital banks. One of its most recent avenues of expansion is their credit division, which aims to offer credit while catering to their clients’ needs in different stages of their lives and financial situations. Knowing this, it may be interesting to learn more about TymeBank’s credit card.
In this article we will tell you about the TymeBank credit card, its characteristics, benefits and features. We will also tell you about how to qualify for the card, what you need for the application process and how to start it, about usage fees and more.
Continue reading our article and learn more about the TymeBank credit card!
What Are The Features Of The Tymebank Credit Card?
The TymeBank credit card is issued in partnership with RCS, one of the largest groups providing credit and consumer financial solutions in South Africa. As such, it comes with many features and benefits, one of the most attractive being the internationally recognized VISA seal that allows holders to buy at over 29 million stores worldwide.
Any time you use your credit card to buy in stores or online you will earn Pick n’ Pay Smart Shopper points, and holders buying at Pick n’ Pay stores will earn double the points when compared to buying anywhere else. The points will be automatically recorded onto your Smart Shopper profile, and can be redeemed and used normally.
For extra security, the card comes with a free SMS notification service whenever it is used to make a purchase. Also, the card will be delivered directly to your billing address after being issued, and you can add three additional cards for relatives.
As for interest, you get up to 55 days of interest-free credit as long as the full amount owed is paid on time every month.
What Do You Need To Qualify For The Tymebank Credit Card
There are a few requisites you need to fulfill to qualify for a TymeBank credit card. The first one is that you must be 18 years old or older, and be able to prove it using a South African ID document. You must be gainfully employed and also be able to provide the following documentation:
An official and valid South African ID document or driver’s licence;
Bank statements that prove you have a South African bank account;
Payslips or proof of income that show you are employed and earn at least R3000 per month.
Please keep in mind there is a one time only, upfront R160 initiation fee you must pay after your application has been approved so the card is issued. There is also an R40 monthly service fee, and other fees may apply depending on your usage of the many services related to your card TymeBank makes available to you, including ATM use.
How To Apply For The Tymebank Credit Card
If you would like to obtain a TymeBank credit card and qualify for it, you can do so in two ways. The first is to fill in the form on TymeBank’s credit card application page, which will have all the instructions you may need to apply quickly and securely.
The second option is to apply using TymeBank’s smartphone application. The app is free and can be downloaded on the App Store for iPhones, the Play Store for Android phones as well as on Huawei store.
Please be careful to make sure you are downloading the correct app, as there usually are unofficial lookalikes that may be used to extract your banking information. Look for the developer and distributor to make sure you are downloading and installing the official app.
After you finish downloading and installing the application, you will need to log into your profile and navigate to the credit card tab, select the application option then follow the instructions given on the app.
If your application is approved, your card will be delivered at the registered billing address for the card.
Now that you know more about the TymeBank credit card, keep reading our blog and continue up to date with many useful and practical life tips like this!
Frequently Asked Questions
Is Tymebank A Visa Card?
Yes. Credit cards issued by TymeBank are done so in partnership with RCS, a registered credit provider, and come with a Visa seal.
How Do I Activate My Tymebank Credit Card?
After receiving your card, you can call TymeBank’s customer service centre on 0861 007 250 and ask the attendant on call to activate your card. You will then be asked a few security questions and, after the procedure is done, you will receive your PIN number needed to make transactions securely with your card.
Can I Buy Anywhere With Tymebank Card?
Yes, since the TymeBank credit card is recognized and accepted internationally thanks to it being a Visa card. This means it is possible to shop with your TymeBank credit card anywhere in the world, at any establishment where Visa is an accepted payment method.
Please keep in mind there are applicable fees for purchases made with the card outside of South Africa. Consult your contract to learn more.