Overall, Woolworths is a major South African multinational retail company that offers access to Credit Cards, Store Cards, Personal Loans, and Insurance. Woolworths stands out with a wide range of payment options, and Insurance Options, including Balance Protection, Pet, and Travel.
| 🔎 Provider | 📌 Woolworths |
| 💳 Credit Cards | ✅ Yes |
| ✈️ Travel Insurance | ✅ Yes |
| 🐶 Pet Insurance | ✅ Yes |
| 💶 Cashback Rewards | ✅ Yes |
Woolworths Credit Card Review – Analysis of Providers’ Main Features
- ☑️ Woolworths Credit Cards Overview
- ☑️ Applying for a Woolworths Credit Card
- ☑️ Managing and Using Woolworths Credit Cards
- ☑️ Benefits of Woolworths Credit Cards
- ☑️ Woolworths Cashback Rewards Program
- ☑️ Woolworths Travel Benefits
- ☑️ Woolworths Enhanced Security Features
- ☑️ Access to Exclusive Offers and Discounts
- ☑️ Tips on Maintaining and Improving Your Credit Score
- ☑️ How Woolworths is Disrupting Traditional Banking Models
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
Get a credit card with personalised interest rates and much, much more.
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Get the credit card that gives you:
10% to 75% off flights. Plus, Priority Fast Track so you can skip airport queues.
10% to 25% off accommodation and car hire
Access to The Lounge, our exclusive pre-flight experience with SAA's airport lounges
- Up to 75% back on healthy groceries at Pick n Pay or Woolworths
- Up to 50% back on HealthyCare items from Clicks or Dis-Chem
- Up to 20% back in Ðiscovery Miles on qualifying fuel spend and Uber rides
- Up to 30% off when you shop with Ðiscovery Miles on Miles D-Day
- Dynamic Interest Rates - where you pay less on your credit
Woolworths Credit Cards Overview
Woolworths offers access to online payment methods and two credit card options, Gold and Black.
Woolworths Gold Credit Card
The Woolworths Gold Credit Card functions as a revolving loan account, providing flexibility for cardholders. Money deposited into the account, except for interest, can be reused, making it a convenient option for managing your finances.
Woolworths Gold Credit Card Features and Benefits
The Woolworths Gold Credit Card comes packed with the following Features and Benefits:
- ✅ 2% back in quarterly vouchers on all Woolworths purchases.
- ✅ Automatic enrolment in the WREWARDS program with an additional 5% off WREWARDS items.
- ✅ 75% back in quarterly vouchers for purchases made at stores other than Woolworths.
- ✅ Free access to the Woollies mobile app for convenient transactions.
- ✅ Lost card protection covers against fraudulent use.
- ✅ Option to add up to 8 gold credit cards for family members.
- ✅ Balance protection cover in the event of death, disability, critical illness, or retrenchment.
- ✅ Travel insurance for flight ticket purchases (under age 75).
- ✅ Optional medical and legal assistance for the cardholder and immediate family.
- ✅ Revolving credit facility with the ability to reuse funds.
- ✅ Visa Purchase Protection for theft and accidental damage protection.
- ✅ Automatic enrolment in WREWARDS and earning of quarterly vouchers.
and much, MUCH more!
Woolworths Gold Credit Card Eligibility Criteria
To apply for a Woolworths Credit Card, you must meet the following criteria:
- ✅ Be at least 18 years old.
- ✅ Have a valid South African ID.
- ✅ Earn at least R3,000 monthly.
Woolworths Gold Credit Card Fees and Interest Rates
- ✅ There is a monthly fee of R57.
- ✅ Account Repayments at Absa – R4.50 + R1.50 per R100 (maximum R15 per R100).
- ✅ Cash Deposits – R2.50 per R100 at an Absa ATM, R5.00 + R1.50 per R100 at a branch counter.
- ✅ Balance Enquiries at Absa – R2.00 at an ATM, R4.00 at an Absa-supported ATM, and R4.50 at a Saswitch ATM.
- ✅ Statement Fees – R2.00 at Absa ATMs.
- ✅ Card Replacement Fee – R110.00
- ✅ Unpaid Debit Order Fee – R128.00
- ✅ Card Courier Fee – R170.00
- ✅ Initiation Fee – R193.00
- ✅ International Currency Conversion Fee – 2.5% of the transaction’s ZAR value.
The typical interest rate on the Woolworths Gold Credit Card is R21%.
Woolworths Black Credit Card
The Woolworths Black Credit Card is a high-end credit card that requires a monthly income of R41,666.00 or a yearly income of R500,000.00. This card is designed for individuals with higher spending habits and offers a range of premium benefits, including exclusive discounts, rewards, and travel benefits.
Woolworths Black Credit Card Features and Benefits
The Woolworths Black Credit Card comes packed with the following features and benefits:
- ✅ Powered by Absa Bank, one of South Africa’s big five banks.
- ✅ High-end credit card with a monthly income requirement of R41,666.00 or a yearly income of R500,000.00.
- ✅ Automatic enrolment in the WREWARDS program, providing an additional 5% off WREWARDS items.
- ✅ Extra 3% back in quarterly vouchers on all Woolworths purchases.
- ✅ 1% back in quarterly vouchers for purchases made outside of Woolworths.
- ✅ Taste magazine vouchers every month.
- ✅ Two free hot beverages monthly at Woolworths Cafe.
- ✅ Optional insurance coverage, including balance protection insurance and Visa Purchase Protection.
- ✅ Additional warranty coverage for up to 24 months on eligible purchases.
- ✅ Travel insurance activation when purchasing flight tickets with the Woolworths Black Credit Card.
- ✅ User-friendly credit card with no dedicated private banker.
- ✅ Repayment options from 6 to 60 months, with a minimum repayment of R300.00 monthly.
- ✅ Revolving facility allowing reused credit.
- ✅ Automatic enrolment in WREWARDS and voucher earning benefits.
and much, MUCH more!
Woolworths Black Credit Card Eligibility Criteria
- ✅ Minimum monthly income of R41,666.00.
- ✅ A valid South African ID.
- ✅ Most recent payslip or bank statement.
- ✅ Proof of address not older than 3 months.
Woolworths Black Credit Card Fees and Interest Rates
- ✅ There is a monthly fee of R69.
- ✅ Cash Deposits – R5.00 + R1.50 per R100 at a branch counter.
- ✅ Balance Enquiries at Absa –R4.00 at an Absa-supported ATM, R4.50 at a Saswitch ATM.
- ✅ Statement Fees – R2.00 at Absa ATMs.
- ✅ Unpaid Debit Order Fee – R128.00
- ✅ Initiation Fee – R144.00
- ✅ International Currency Conversion Fee – 2.5% of the transaction’s ZAR value.
The typical interest rate on the Woolworths Black Credit Card is R21%.
Get a credit card with personalised interest rates and much, much more.
Fill in some quick details and we'll call you.
Get the credit card that gives you:
10% to 75% off flights. Plus, Priority Fast Track so you can skip airport queues.
10% to 25% off accommodation and car hire
Access to The Lounge, our exclusive pre-flight experience with SAA's airport lounges
- Up to 75% back on healthy groceries at Pick n Pay or Woolworths
- Up to 50% back on HealthyCare items from Clicks or Dis-Chem
- Up to 20% back in Ðiscovery Miles on qualifying fuel spend and Uber rides
- Up to 30% off when you shop with Ðiscovery Miles on Miles D-Day
- Dynamic Interest Rates - where you pay less on your credit
Applying for a Woolworths Credit Card
To apply for a Woolworths Credit Card, you must meet the following criteria:
- ✅ Be at least 18 years old.
- ✅ Have a valid South African ID.
- ✅ Earn at least R3,000 monthly.
The Woolworths Credit Card application process is straightforward, and you can follow these steps:
- ✅ Open your web browser and go to the official Woolworths website. Make sure you have a stable internet connection.
- ✅ Navigate to the Credit Cards section of the website. This is usually located in the menu or on the homepage.
- ✅ Explore the different credit card options available and select the one that best suits your needs. Review the card’s features, benefits, fees, and terms and conditions to ensure it aligns with your requirements.
- ✅ Once you select the desired credit card, click the “Apply Now” or “Apply Online” button. This will typically take you to the online application form.
- ✅ Fill out the application form with accurate and up-to-date information. You must provide personal details such as your full name, date of birth, contact information (address, phone number, email), and identification details (ID number, driver’s license, passport).
- ✅ You must provide details about your employment, including your current occupation, employer’s name, work address, and contact information.
- ✅ You will be asked to provide your financial information as part of the application. This may include your income, expenses, assets, and liabilities. Be prepared to provide accurate figures to the best of your knowledge.
- ✅ Review and apply: Before applying, carefully review all the information you have provided to ensure its accuracy. Take note of any terms and conditions or disclaimers associated with the credit card application. Once You are satisfied, submit the application
- ✅ After applying, you will receive an acknowledgment or confirmation message on the website indicating that your application has been received. The Woolworths credit card team will then review your application.
- ✅ The review process may take some time, as the credit card issuer assesses your application based on their criteria. Be patient and wait for a decision. Woolworths will usually contact you via email or phone to inform you of the status of your application.
- ✅ If your application is approved, you will receive your Woolworths credit card in the mail. Follow the instructions to activate the card before you can use it.
When applying for a Woolworths Credit Card, you must provide the following:
- ✅ A copy of your ID.
- ✅ A copy of your latest payslip or bank statement not older than 3 months.
- ✅ Proof of residence.
Approval for a Woolworths Credit Card is subject to credit checks and income verification. The credit limit assigned to your card will depend on your creditworthiness and income.
Managing and Using Woolworths Credit Cards
After receiving your Woolworths Credit Card, you must activate it before using it. This can usually be done online or over the phone. During the activation process, you will also set up your card PIN. Your credit limit represents the maximum quantity that can be charged to your Woolworths Credit Card account. It is essential to keep track of your expenditures to ensure you do not exceed this limit.
Your available credit is the portion of your credit limit that remains usable. To avoid late fees and maintain a decent credit history, you must make at least the minimum payment on your Woolworths Credit Card each month by the due date. You can set up automatic payments to ensure you never miss a payment.
You can manage your card transactions and view your statements using the Woolworths Money App or online banking. This enables you to monitor your spending and verify the accuracy of all transactions.
Woolworths Credit Card points are automatically converted every four months into Woolworths Shopping Cards, which can be redeemed at participating Woolworths Group stores. This facilitates the redemption of rewards for purchasing.
Benefits of Woolworths Credit Cards
Below are some of the benefits offered by Woolworths’ Credit Cards:
- ✅ Woolworths Credit Cards offer a 10% discount on your grocery shop once a month. This can lead to significant savings, especially for families or individuals who do a lot of their shopping at Woolworths.
- ✅ Cardholders can enjoy exclusive benefits in dining and accommodation, enhancing their lifestyle experiences.
- ✅ Woolworths Credit Cards come with a 24/7 Concierge Service, aiding and providing convenience to cardholders anytime they need it.
- ✅ The annual fee is waived for the first year, and a nominal fee is charged yearly instead. This can be a cost-effective option for those looking to minimize their credit card expenses.
- ✅ Woolworths Credit Cards are linked to the Everyday Rewards program, allowing cardholders to earn points on their everyday spending, which can be redeemed for discounts and other rewards.
- ✅ If you are a frequent flyer, Woolworths Credit Cards allow you to earn more Qantas Points when you spend, which can be redeemed for flights, upgrades, and more.
- ✅ Certain Woolworths Credit Cards, like the Gold Credit Card, provide free access to the Woolworths Mobile app, enhancing the shopping experience for cardholders.
- ✅ With the Woolworths Black Credit Card, you are automatically enrolled in WREWARDS, a program that offers exclusive discounts and special offers.
- ✅ Woolworths Black Credit Cardholders receive Woolworths vouchers regularly, providing additional savings opportunities.
and much, MUCH more!
Woolworths Cashback Rewards Program
The Woolworths Credit Cards feature a lucrative cashback program that enables cardholders to earn points on purchases that can be redeemed for Woolworths Money Shopping Cards. For every dollar spent on eligible purchases, you earn 1 point. As you purchase with your Woolworths Credit Card, these points will accrue.
Points can be exchanged for Woolworths Money Shopping Cards, which can be used to make purchases at Woolworths and partner retailers. You can redeem a 10% discount by linking your Everyday Rewards Card to your online purchasing account. When shopping, simply scan the barcode on the rear of your Woolworths Credit Card.
Participation in the rebate rewards program is open to all Woolworths Credit Card holders. However, cash advances, balance transfers, and other non-purchase transactions do not accrue points. Your spending practices significantly impact your earning potential. The more you use your Woolworths Credit Card for qualifying purchases, the more points you earn and the greater your cashback rewards.
Woolworths Travel Benefits
Woolworths Credit Cards provide various travel benefits that can add value and peace of mind to your travels. Here are some of the primary advantages of travel:
- ✅ As a Woolworths credit cardholder, you are eligible for up to 90 days of automatic standard travel insurance for international trips when you purchase round-trip tickets using your card. This insurance can cover a variety of situations, such as medical emergencies and trip cancellations.
- ✅ Customers with a Woolworths Credit Card are eligible for up to a 10% discount on Woolworths Comprehensive Travel Insurance. This can provide you with broader travel insurance coverage.
- ✅ If you have a Woolworths Qantas Platinum Credit Card, you receive various complimentary insurance options, including travel insurance. This can provide significant protection while traveling.
Certain Woolworths Credit Cards, such as the Qantas Platinum Credit Card, provide unlimited overseas medical emergency coverage when you use the card to pay for eligible travel expenses. This can provide crucial financial protection in a medical emergency abroad.
Woolworths Enhanced Security Features
Woolworths Credit Cards are equipped with a variety of security features to safeguard cardholders from unauthorized use and potential fraud:
- ✅ Encryption: The Credit Union employs 128-bit encryption, the standard for the financial industry, to ensure that no information can be intercepted or misused.
- ✅ Access Code and PIN: When you enroll on the Woolworths Money App for the first time and gain access to its security features, you select your Access Code. Your card’s PIN is an important security feature that prevents unauthorized use.
Certain Woolworths Credit Cards come with complimentary purchase security insurance and Wallet Guard, providing added protection for purchases and wallets.
Access to Exclusive Offers and Discounts
Woolworths Credit Cardholders can take advantage of a variety of exclusive offers and discounts, including:
- ✅ Receive a 10% discount on grocery shopping, resulting in significant annual savings.
- ✅ Exclusive Benefits Cardholders can access exclusive dining and lodging benefits, enhancing their lifestyle experiences.
- ✅ Cardholders can receive exclusive discounts at Woolworths Group retailers, providing additional savings opportunities.
Certain Woolworths Credit Cards offer an Extra Discount on 1 Woolworths and 1 BIG W in-store purchase.
Tips on Maintaining and Improving Your Credit Score with Woolworths Credit Cards
Maintaining and improving your credit score is essential for your financial well-being. Here are some tips on what to do and what to avoid when using your Woolworths credit cards to help maintain and improve your credit score:
To Maintain and Improve your credit score with Woolworths Credit Cards you should:
- ✅ Ensure you pay your credit card bills on time to avoid late fees and negative impacts on your credit score. Consider setting up automatic payments or reminders to help you stay on track.
- ✅ Aim to keep your credit utilization ratio, which compares the amount of credit you use to your total available credit, as low as possible. You should not use more than 30% of your available credit to demonstrate responsible credit usage.
- ✅ Stay informed about your credit status by checking your credit reports and scores. This will help you identify any errors or potentially fraudulent activity. Woolworths offers credit monitoring services that can assist you in staying updated on changes in your credit profile.
- ✅ Only charge what you can afford to repay and avoid maxing out your credit cards. Use your credit cards for necessary expenses and emergencies rather than excessive or impulsive spending.
The length of your credit history can positively impact your credit score. Consider keeping older credit card accounts open to demonstrate a longer credit history, even if you do not use them frequently.
To Maintain and Improve your credit score with Woolworths Credit Cards you should not:
- ✅ Late or missed payments can significantly harm your credit score. Make every effort to pay at least the minimum amount due on time each month.
- ✅ Applying for multiple credit cards or loans within a brief period can harm your credit score. Only apply for credit when necessary and space out your applications.
- ✅ Closing old ones can shorten your credit history and potentially increase your credit utilization ratio. Unless these accounts come with high fees or a specific reason to close them, you should keep them open.
- ✅ Maxing out your credit cards or carrying high balances can negatively affect your credit score. Aim to keep your balances low and strive to pay off your credit card bills in full whenever possible.
If you encounter financial difficulties, contacting your creditors or Woolworths as soon as possible is important to discuss potential solutions. Ignoring credit issues can lead to further damage to your credit score.
Get a credit card with personalised interest rates and much, much more.
Fill in some quick details and we'll call you.
Get the credit card that gives you:
10% to 75% off flights. Plus, Priority Fast Track so you can skip airport queues.
10% to 25% off accommodation and car hire
Access to The Lounge, our exclusive pre-flight experience with SAA's airport lounges
- Up to 75% back on healthy groceries at Pick n Pay or Woolworths
- Up to 50% back on HealthyCare items from Clicks or Dis-Chem
- Up to 20% back in Ðiscovery Miles on qualifying fuel spend and Uber rides
- Up to 30% off when you shop with Ðiscovery Miles on Miles D-Day
- Dynamic Interest Rates - where you pay less on your credit
How Woolworths is Disrupting Traditional Banking Models
Woolworths employs a unique “Bank-as-a-Service” approach that enables them to attract customers in large numbers while keeping costs lower than conventional banks. By prioritizing digital channels, they minimize the necessity for physical branches, resulting in reduced overhead expenses.
Capitalizing on its prominent position as a leading retailer, Woolworths seamlessly incorporates financial services into its offerings. This integration allows customers to conveniently manage their finances and shopping in a single location, offering a level of convenience that traditional banks struggle to replicate.
In Conclusion
Woolworths, a renowned name in the grocery sector, is committed to providing fresher and healthier food options and offers a range of other services, including credit cards.
With their promise of low prices, Woolworths aims to make your shopping experience more convenient and rewarding. This review will delve into the specifics of Woolworths credit cards, exploring their features, benefits, and how they can enhance your shopping experience.
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Frequently Asked Questions
Does Woolworths offer a credit card?
Yes, Woolworths offers credit cards. They offer various credit card options, such as the Woolworths Black Credit Card and the Woolworths Gold Credit Card.
Which Woolworths Credit Card or Suit is the best?
The best Woolworths Credit Card would depend on a person’s spending habits and requirements. The Gold Credit Card is typically ideal for those with lower income, while the Black Credit Card offers more exclusive benefits but requires a higher monthly income.
What bank is Woolworths Credit Card?
The Woolworths Credit Card in South Africa is issued by and supported by Absa Bank. It is valid in all stores in South Africa.
How long does Woolworths take to approve a credit card?
Your Woolworths Credit Card account will typically be approved within a week if you satisfy all requirements.
What makes Woolworths different from traditional banks?
Woolworths is predominantly engaged in retail and lacks a banking license. However, Woolworths integrates its credit card solutions into its innovative app.
Can anyone join Woolworths, or is it exclusive to Woolworths Limited members?
Anyone can register for a Woolworths credit card if they meet the criteria.
What security measures are in place to protect customer data?
Woolworths protects personal information from unauthorized access, loss, misuse, and tampering with various security measures.
How does Woolworths leverage technology to enhance the banking experience?
Woolworths is known to utilize AI and ML to embrace data-driven retail and deliver enhanced consumer experiences with improved decision-making by leveraging data-driven retail.
Are there any fees associated with using Woolworths’s services?
Yes, several fees are involved, including an initiation fee, monthly fees, and more.
What kind of shared-value partnerships does Woolworths offer?
Woolworths engages in shared-value partnerships with Standard Bank on a funding arrangement for sustainability.
How can Woolworths influence the banking industry as a whole?
Woolworths’ pricing strategies and innovative approaches to customer service and product offerings can influence the banking industry.
How do I qualify for a Woolworths Credit Card?
To be eligible for a Woolworths Credit Card, you must be 18, possess a valid South African identification card, and earn a certain minimum income between R3,000 for the Gold and R41,666 for the Black Credit Card.
What are the fees associated with Woolworths Credit Cards?
Woolworths Credit Cards are subject to monthly fees. In addition, other fees include deposit and withdrawal fees, unpaid debit order fees, and more.
Can I use my Woolworths Credit Card internationally?
Yes, your Woolworths Credit Card can be used internationally. However, international transactions are subject to a 2.5% currency conversion fee.
How can I track my credit card transactions?
You can track your Woolworths credit card transactions on the website and by using the mobile app.
Can I set spending limits or block certain transactions on my card?
Yes, you can set spending limits and block transactions online or using the Woolworths app. Alternatively, you can call customer support to perform these actions.
What happens if my card is lost or stolen?
If your Woolworths credit card is lost or stolen, you must report it immediately to block the card.
How can I earn and redeem cashback rewards?
You can sign up for WRewards online through the Woolworths website. Once you have signed up, you will start earning rewards on your purchases at Woolworths.
The rewards you earn can vary depending on the specific terms of the WRewards program. Furthermore, your rewards are instantly applied as savings on your purchases at Woolworths. This means You will get instant discounts on eligible items when you shop.
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