iStore Card?

[Okty]

Anybody here using this card?

Any hidden monthly/annual fees that you must be aware of?

Thanks!

 

[Cassady]

Also been eyeing this... Might want to take the plunge when the time comes to upgrade my MBP... :crylaugh:

Hoping someone responds!

 

[FiestaST]

Ask @MyiStoreSA on Twitter. They are very active & should reply in a very prompt manner.

 

[gfmalan]

The way I see it, it is a Standard Bank Credit Card, rebranded iStore Card.

When you purchase big devices you put it on the "budget" feature.
They charge you a monthly R30 service fee (you get the first 12 months free), and you pay interest (with a special discounted rate - 10.9%) on the monthly repayments (when buying device at iStore)

You can use this card at any other store, as it is a credit card. (Interest prime + 9.5% on normal purchases)

You need to qualify and be able to afford the monthly repayments, maybe just use your normal credit card.

 

[bigboy529]

The way I see it, it is a Standard Bank Credit Card, rebranded iStore Card.

When you purchase big devices you put it on the "budget" feature.
They charge you a monthly R30 service fee (you get the first 12 months free), and you pay interest (with a special discounted rate - 10.9%) on the monthly repayments (when buying device at iStore)

You can use this card at any other store, as it is a credit card. (Interest prime + 9.5% on normal purchases)

You need to qualify and be able to afford the monthly repayments, maybe just use your normal credit card.

+1, just another way to lure people in to making even more debt.

 

[Okty]

The way I see it, it is a Standard Bank Credit Card, rebranded iStore Card.

When you purchase big devices you put it on the "budget" feature.
They charge you a monthly R30 service fee (you get the first 12 months free), and you pay interest (with a special discounted rate - 10.9%) on the monthly repayments (when buying device at iStore)

You can use this card at any other store, as it is a credit card. (Interest prime + 9.5% on normal purchases)

You need to qualify and be able to afford the monthly repayments, maybe just use your normal credit card.

Thank you for the info!

Finding out for a family member (a self proclaimed 'apple-whore' )

 

[Okty]

+1, just another way to lure people in to making even more debt.

I hear ya, but if you use it to only buy from the istore, that special rate is not too bad.

Case in point, the family member wants to buy an R6 000 iwatch, to pay back within one year, according to the istore that will be R530 pm, so effectively R6 360 total. Not too bad if you really want to buy via credit.

 

[Archie1]

I hear ya, but if you use it to only buy from the istore, that special rate is not too bad.

Case in point, the family member wants to buy an R6 000 iwatch, to pay back within one year, according to the istore that will be R530 pm, so effectively R6 360 total. Not too bad if you really want to buy via credit.

I don't think this is correct. You're forgetting the 10.9% interest rate.

Can also look into the Discovery Card. 12 month interest free at the online iStore up to R24999. Of course there's still the card fee each month.