TymeBank, South Africa’s leading digital-only bank, introduced its Visa credit card in partnership with RCS, a registered credit provider.
The product was designed to give customers an affordable, accessible, and fully digital credit solution linked to TymeBank’s app and kiosk network.
Because credit products and pricing may change, you should always confirm the latest details directly with TymeBank before applying.
Overview of the TymeBank Credit Card
The TymeBank credit card is an internationally accepted Visa card used for online, in-store, and international purchases.
Since the card is issued in partnership with RCS, RCS carries out the credit assessment and acts as the registered credit provider.
As part of TymeBank’s digital banking model, the card is fully integrated with the mobile app and online banking portal.
Cardholders can access statements, track spending, and manage limits digitally.
Qualifying Criteria
Public information released during the card’s launch outlines the minimum requirements.
TymeBank also aims this product at existing customers who already engage with the bank’s digital tools.
Such as the TymeBank app, online banking, and in-store kiosks located at retail partners like Pick n Pay and Boxer.
Internal lending criteria, minimum income thresholds, and approval rules may change over time, so customers should always rely on the latest information.
Basic Requirements
You must be at least 18 years old.
You must earn a minimum income of around R3,000 per month.
Your application is subject to a full credit and affordability assessment under South Africa’s National Credit Act.
Interest Rates and Interest-Free Period
The interest rate on the TymeBank credit card is 18% per year, and interest applies only when you do not settle your outstanding balance in full.
Customers can benefit from up to 55 days of interest-free credit, provided they pay the total statement balance by the monthly due date.
Interest rates may change, but they will never exceed the legal maximum allowed under the National Credit Act.
The exact interest rate you receive will be included in the official quotation and pre-agreement provided during your application.
Fees and Credit Insurance
Publicly available information from the time of the launch lists the following fees for the TymeBank credit card.
- Initiation fee: R160 once-off
- Monthly service fee: Between R40 and R60
- Purchase fees: No additional fees for regular purchase transactions
- ATM withdrawal fees: Charged separately according to the bank’s pricing guide
TymeBank’s credit card has also been associated with credit insurance charged at approximately R4.50 per R1,000 outstanding.
This type of insurance is common across South African credit products and is used to cover the outstanding balance in the event of disability.
These fee amounts come from the product’s 2022 launch period and may change over time.
Always check:
The latest TymeBank pricing guide,
The credit card terms and conditions, and
Any credit insurance policy documents
before completing your application.
How to Apply for the TymeBank Credit Card Online
TymeBank highlights that the application process is 100% digital, requiring no traditional branch visits.
1. The TymeBank Mobile App
Log into the app with your TymeBank profile. Navigate to the credit section and choose the TymeBank Visa credit card.
Complete the online application form with your income and expense details.
Provide supporting documents if requested.
2. TymeBank Internet Banking
Sign in to your online banking dashboard.
Go to the credit products menu and select the credit card.
Review the pre-agreement and quotation before accepting.
3. TymeBank Kiosks (with digital follow-up)
TymeBank kiosks located in Pick’n Pay and Boxer stores allow customers to open accounts and access other services.
Once you have a TymeBank account, you may proceed with your credit card application through the app or online banking.
As required by law, approval depends on a successful affordability assessment and credit bureau check.
How to Use the Card Responsibly
TymeBank advises customers to use the card in a way that helps maintain financial health.
Responsible usage includes:
- Keep spending within your credit limit.
- Paying your full balance every month to enjoy interest-free days.
- Monitoring ATM withdrawals and fees that can increase the cost of credit.
- Tracking spending through the TymeBank app to avoid overspending.
- If you are unsure whether a credit card suits your situation, it is advisable to consult an independent financial adviser.
Competitors
Here is a short comparison that puts TymeBank’s credit card side-by-side with some competitor cards commonly available in South Africa.
| Bank / Card | Typical Minimum Income Requirement* | Approx. Monthly Fee / Service Fee | Interest Rate on Purchases | Interest-Free Period (if Full Balance Paid) | Notes / Highlights |
|---|---|---|---|---|---|
| TymeBank Credit Card | ~ R 3 000 per month | ~ R 40–R 60 / month + once-off initiation fee (≈ R 160) | ~ 18% per year | Up to 55 days | Digital-first card, issued via RCS, meant for app + kiosk users. |
| Capitec Bank Credit Card | R 3 000 (employees) — R 5 000 (self-employed) | R 50 / month + R 100 initiation fee | 10.5% – 21.0% (varies by profile) | ≈ 55 days (varies) | Low-cost, widely marketed for affordability and simplicity. |
| Standard Bank Entry-Level Credit Card | ~ R 5 000 per month | ~ R 40 / month; once-off initiation fee up to ≈ R 180 | Personalized (varies) | Up to 55 days | Offers standard entry-level features with modest fees. |
| Absa Credit Card (Gold / Entry-Level) | From R 7 000 per month (for Gold) or lower for basic accounts | From ≈ R 64 / month (Gold card) | Variable / personalised | Up to ~ 55–57 days | Offers upgrade paths and additional benefits on higher-tier cards. |
TymeBank Contact Details and Head Office Address
Customers can also access services at TymeBank kiosks across partner retail stores nationwide
Customer Service
Phone: 0860 999 119
Email: [email protected]
TymeBank is an authorised financial services provider (FSP 49140) and a registered credit provider (NCRCP 10774).
Head Office
Tyme Bank Limited
Floor 2, 30 Jellicoe Avenue
Rosebank, Johannesburg, 2196
South Africa.
Conclusion
The TymeBank credit card offers South Africans a flexible, digital-first credit option with the benefit of up to 55 days of interest-free spending.
Before applying, make sure to review the latest fees, terms, and credit insurance details provided directly by TymeBank.
Applying through the official app or internet banking ensures a secure and streamlined experience.
Disclaimer: This article is for informational purposes only and does not constitute financial advice or an official communication from TymeBank. All rates, fees, and qualifying details are based on publicly available information and may change at any time. Customers should rely solely on TymeBank’s official documents, pricing guides, and pre-agreement disclosures when applying for credit. If needed, consider seeking advice from a licensed financial adviser.
