credit card options in South Africa
credit card options in South Africa
Applying for a Kulula credit card 12 Apr 2008. I've decided to take the plunge and apply for a Kulula credit card, so I googled my way to the Kulula credit card page, clicked "Apply Now" and I faced my first choice:
Do I want a Kulula credit card OR am I here to get another Kulula credit card (presumably there are enough people flocking in for their second or third Kulula credit card to warrant this question)?
Kulula advertise that it'll take some 10 minutes of my time to apply for the card. I am also comforted to know that if I get stuck assistance is just a phone call away - 0860 666524 (MOOLAH).
Since I'm 18, got an SA ID, my last 3 months bank statements and my cheapflights@southafrica.to email address; I am ready to apply. Happily I'm not undergoing debt counselling or I would have got the following nasty message (discrimination, I tell you):
And in case you don't know what debt counselling is, Kulula conveniently let us know about "collective debts owing to multiple credit card providers" - not a situation most people would like to be in.
What Kulula calls the "legal stuff" is quite an intense read, comprising the terms and conditions for the Kulula credit card (stuff like the fact that Firstrand Bank/FNB administer and own the credit card, Kulula owns and runs the Kulula Moolah flight rewards program, and the card is branded as VISA). Here's a summary of the Kulula card terms .
Having assured Kulula that I'm not undergoing debt counselling and I've read the "legal stuff", next I had to enter a bunch of information about myself including ID number, marital status, that I'm married with an antenuptial contract, that I speak english, phone numbers, email address, physical address, postal address, how much I earn and where I work:
your title |
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your surname |
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your first name |
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your middle name(s) |
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your id or passport number |
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your home number |
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your work number |
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your cellphone number |
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your email address |
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preferred contact method |
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receive statements by |
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your role in the rat race |
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gross annual income |
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household annual income |
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have you tied the knot |
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marital contract |
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your street name and number |
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auto limit increase |
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Friendly note to Kulula's IT guys - you are asking for the work phone number twice.
After typing in all the details the Kulula credit card machine did a few calcs and then let me know that I've been approved in principal, and told me what my credit limit is. Then it did some further calcs and told me what it thinks the following are (not doubt something to do with the National Credit Act):
gross income
tax, pension fund and medical aid
net monthly income
living expenses (clothing, cellphone, gym, groceries, traveling, etc)
debt free income
It clearly connects with other systems, as it knows that I have an ABSA credit card.
After accepting the affordability details, it was time to fill in the debit order details. I filled in that I wanted my debit order to settle the full amount outstanding.
Then the phone rung, and my session timed out...when I navigated back to the Kulula credit card site, it recognised that there was an incomplete application which needed to be completed...unfortuanately I had not had a chance to take down the reference number, so had to start again :(
After filling in the debit order details I agreed to the following:
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I then had the option of having the credit card delivered to my home address, work address or an alternative address.
Kulula then provided me with a quotation, which I indicated I had downloaded and agreed to (the pre-agreement), and then finished the transaction by closing the window. I cant wait for that little green card to arrive.