credit card options in South Africa
credit card options in South Africa
Kulula credit card When spending by using the Kulula credit card you earn "Kulula moolah", a pseudocurrency which can be used to purchase Kulula flights (for yourself or others). When you purchase Kulula flights with your Kulula credit card you earn a bonus amount of Kulula moolah equivalent to 3% of the cost of the flights. At the time of writing this article Kulula were offering R200 to use towards the purchase of a Kulula flight, if you spent R1000 on your Kulula credit card in the first month. Kulula moolah expires after six months (i.e. the moolah you earn in January expires in June).
Monthly spend translates into Kulula moolah as follows |
|
|---|---|
spend R0 - R5 000 |
earn 3% back in kulula moolah |
spend R5 001 - R10 000 |
earn 2% back in kulula moolah |
spend R10 001 - R20 000 |
earn 1% back in kulula moolah |
spend over R20 000 |
earn 0% |
The Kulula credit card has a complex fee structure (but to be fair, no more complex than most other banks - the exception being the Virgin Money credit card, which has a very simple fee structure).
annual fee |
replacement fees |
|---|---|
R160 |
R160 |
credit card purchases |
credit card budget purchases |
cheque deposit |
international currency conversion |
|---|---|---|---|
free |
free |
R15 |
2.75% of Rand value of transaction |
electronic transfer fee |
payment |
smart transfer fee |
sms to 3rd party |
fax to 3rd party |
|---|---|---|---|---|
R3 |
R6.50 |
R6.50 |
R0.50 |
R2 |
under R200 |
over R200 |
|---|---|
free |
R5 + 1% of the transaction value |
ATM withdrawals |
Branch withdrawals |
Overseas withdrawals |
|---|---|---|
R10 + 1% of the transaction value, with a maximum charge of R30. |
R20 + 1.05% of the transaction value, with a maximum charge of R500. |
R21 + 1% of the transaction value |
R20 + 1.25% of the transaction value, with a maximum charge of R500.
FNB ATM |
FNB Branch |
International |
Saswich ATM |
mini ATM |
|---|---|---|---|---|
free |
R3 |
R3.15 |
R3.15 |
R3.15 |
Branch statement print fee |
Branch mini print fee |
mini ATM |
|---|---|---|
R3.75 |
R2.10 |
R2.10 |
Declined authorisation fee |
Charges on unpaid cheque |
over limit |
unpaid automatic payment |
late payment fee |
balance transfer early settlement fee |
reschedule fee |
|---|---|---|---|---|---|---|
R5 |
R175 |
R175 |
R175 |
R175 |
R165 |
R50 |
Bank cheque administration fee |
Cheque clearance fee |
rejected debit order handling fee |
Cash handling fee |
special arrangement fee |
|---|---|---|---|---|
R40 |
R175 |
R15 |
R11 |
R175 |
local voucher |
International voucher |
|---|---|
R50 |
R165 |
Kulula credit cards are issued by First National Bank, and the other partner is Visa.
To qualify for a Kulula credit card, you need to be at least 21 years old and earning at least R2000 a month.
The information on this webpage may be out of date - to get up to date information go to the Kulula website.
26 Aug 2007 |
Kulula unveils its credit card. |
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