Woolworths Credit Card Interest Rate


Applying for credit cards can be useful for getting access to extra finance. Here we look at the various Woolworths credit cards, their application criteria and interest rates.

Black Credit Card:

Benefits offered by this Woolworths Credit card include the ability to earn up to 3% back on all purchases and automatic basic travel insurance. The card is accepted at 29 million merchants, so you can shop anywhere in the world. You are also able to get cash when you need it. To apply for this credit card you will need to provide your valid ID as well as proof of residence in the form of a utility bill with your address on it.

Silver Credit Card:

To qualify for this credit card you need to earn a R24 000 annual gross salary. Card holders are given up to 55 days’ interest free credit.

Gold Credit Card:

To qualify for this credit card you should be earning an annual gross salary of R120 000. Benefits include getting automatic basic travel insurance. You also get a budget facility for larger purchases, which allows you spread repayments over 6 to 60 months. To apply for this credit card, call Woolworths on 0861 50 20 05. You can also email creditcard@wfs.co.za

Woolworths credit card holders are given up to 55 days’ interest free credit. It helps to pay more than the minimum monthly repayments on your credit cards and store cards as this will save on interest rates.

According to Woolworths, individual interest rates charged are available on card holders’ monthly statements.

In recent news, there have been new proposed limits gazetted in 2015. The Department of Trade and Industry (DTI) proposes slashing interest rates charged on credit cards. This is the first review of legal rates and fees since 2007.

The proposed changes are for interest rates to drop from the current maximum of 22.65% to 19.8%.

To find out more about the Woolworths Credit Card Interest Rate, visit their website: www.woolworths.co.za


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