{"id":233168,"date":"2021-07-06T18:00:21","date_gmt":"2021-07-06T17:00:21","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=233168"},"modified":"2021-07-06T18:00:25","modified_gmt":"2021-07-06T17:00:25","slug":"all-about-standard-bank-black-card-and-the-requirements-for-private-banking","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/all-about-standard-bank-black-card-and-the-requirements-for-private-banking\/","title":{"rendered":"All About Standard Bank Black Card and the Requirements for Private Banking"},"content":{"rendered":"

One thing that keeps every kind of business going is the ability to understand the customers and offer products and services based on their needs and preferences. This is exactly what Standard Bank South Africa is doing. As a financial institution, Standard Bank understands that the financial status of their numerous customers differ from person to person and as such, they have offers to suit the preference of different classes of customers. One of such offers for the rich and affluent class who bank with Standard Bank is the Standard Bank Black Card.<\/p>\n

Another service that truly makes Standard Bank stand out is the private banking service that meets the needs of customers who want a more personalized banking service. With all these amazing services and offers, you can see why Standard Bank prides itself as one of the best banks in South Africa.<\/p>\n

What Is Standard Bank Black Card?<\/strong><\/h2>\n

A simple way of saying it is that the Standard Bank Black Card is the credit or debit card issued to young professionals in South Africa. Black Cards have always been in existence in the United States since the 1990s, but there, it is only issued to rich and affluent individuals. Usually, holders of a black card do not have to worry about the spending limit that holders of the regular credit or debit card have to deal with. Most international celebrities who go on a shopping spree and show off how they spend so much money all at once on luxury and expensive things usually have a black card with which they make payments.<\/p>\n

\"Standard<\/a><\/p>\n

A Standard Bank Black Card is open to professionals or individuals who are 30 years or younger. With this, you can enjoy round-the-clock banking services, an upgraded lifestyle, several travel benefits\u00a0and so much more.<\/p>\n

What You Need To Know Before Applying For A Standard Bank Black Card<\/strong><\/h2>\n

Some banks in South Africa, including Standard Bank and even Nedbank<\/a>, have adopted the use of black cards for their exclusive customers. However, black cards in South Africa do not work the same way those in other more developed countries like the United States, work. For instance, Standard Bank offers its black cards to youths and even students regardless of their net worth, but in America, black cards are issued to those with a huge net worth like the Gates, the Zuckerbergs, the Winfreys, and the Maywethers.<\/p>\n

The difference between a Standard Bank black card and a regular credit or debit card is not just in the color, but also in the benefits attached to the card. Usually, black cards are assigned to exclusively South African bank customers who have shown interest in the exclusive offer. Holders of a professional account and customers who want to subscribe to Standard Bank’s private banking service are also automatically qualified to have a black card.<\/p>\n

Requirements For Opening\u00a0 A Professional Account That Gives Access To A Black Card<\/strong><\/h3>\n

The Standard Bank professional account was set up to help youths prepare for their career ambitions by making the right financial plans and investments. A professional account<\/a> with Standard Bank comes with a lot of benefits, including eligibility to receive a black card. However, aside from access to a black card, a professional account holder also has access to loans, personal banking services, and special rates.<\/p>\n

To open a Standard Bank professional account and have access to all these benefits, there are certain requirements you will have to meet. The requirements for opening a Standard Bank professional account and having a black card are:<\/p>\n