credit card options in South Africa
credit card options in South Africa
19 Apr 2008. I've made the decision to apply for a Virgin Money credit card and compare it to my Kulula credit card (when I eventually get it - my fault, must send them a proper proof of income). So I navigated to www.virginmoney.co.za and hit their "apply now" button.
While Kulula first wanted to know whether I was applying for an extra credit card, Virgin Money's first question was whether I'm "accessing a saved application" - I guess this is for if you're halfway through the application, don't finish and have to start again (like I had a baby emergency whilst applying for my Kulula credit card and had to start again).
Since I'm earning R5000 p.a. (Kulula didn't ask this upfront), am a permanent South African resident, am over 18 (I qualify twice for that one!) and have an email address (cheapflights@southafrica.to if you want to say "howzit"); I seem to qualify for the Virgin credit card (good to see that they get this out of the way upfront - it would be painful to plough my way through the entire application only to discover I don't qualify).
Kulula claim that their credit card application takes 10 minutes of my "precious time" to complete, whilst Virgin Money are not as bullish specifying 20 minutes...I guess those times don't include reading through their lengthy terms and conditions. However, Virgin's initial application was indeed much shorter.
Both Virgin Money and Kulula check whether the applicant is undergoing debt counselling, but only Virgin Money asks whether you're actually insolvent and whether you have a pending debt counselling application.
What to Virgin is the terms and conditions to Kulula is the "legal stuff". I know it's not everybody's cup of tea, but I enjoy Kulula's irreverend tone.