The Standard Bank Business Garage Card is engineered for businesses needing a reliable method to manage vehicle expenses. It provides credit specifically for vehicle-related transactions, allowing companies to maintain efficient cash flow while ensuring their vehicles are always in top condition.
Key Features:
- Usage: The card can be used to pay for fuel, tolls, maintenance, and other vehicle-related costs.
- Rewards Program: Through the Standard Bank UCount Rewards Program, cardholders can earn rewards points on fuel and qualifying purchases.
- Digital Integration: The card supports SnapScan for QR code payments and offers Mastercard contactless payments for transactions under R500.
2024 Pricing and Fees
Standard Bank has updated its pricing structure for 2024, aiming to maintain affordability while offering enhanced benefits. Below is a summary of the revised fees and features:
| Fee Description | 2024 Fee (VAT Inclusive) |
|---|---|
| Initiation Fee | R309 |
| Annual Service Fee | R43.58 per month |
| Card Replacement Fee | R145 |
| Emergency Card Replacement Fee | R450 |
| Cash Withdrawals | Branch: R85 + R2.70 per R100 |
| ATM Withdrawals | SBSA ATM: R0 + R2.40 per R100 |
| International Cash Withdrawal | 2.75% of value + R3 per R100 (min R70) |
| Electronic Account Payment | R7.95 |
| Electronic Inter-account Transfers | Free |
| ATM Deposit Fee | R4.80 + R1.20 per R100 |
| Branch Deposit Fee | R8.50 + R2.20 per R100 (min R60) |
| Balance Enquiry (Branch) | R9.50 |
| Statement Fees | AutoPlus: Free; Branch: R32 |
| UCount Rewards Program | R30 per month |
Features and Benefits
1. Convenience and Efficiency
The Standard Bank Business Garage Card is designed with business needs in mind. Each card is issued in the name of the driver, facilitating easy tracking and accountability. This feature is particularly useful for businesses with multiple drivers or vehicles.
2. Enhanced Digital Integration
Cardholders benefit from advanced digital capabilities. The card is compatible with SnapScan, enabling payments via QR codes, and supports Mastercard contactless transactions for amounts up to R500. These features simplify the payment process and enhance transaction speed.
3. Rewarding Business Expenses
Through the UCount Rewards Program, businesses can earn rewards on fuel and qualifying purchases. Cardholders can earn up to R10 in rewards points per liter of fuel from Caltex or Astron Energy and up to 5% back on purchases at participating retailers. This rewards structure adds value to everyday business expenses.
4. Advanced Fraud Protection
The card includes advanced fraud protection and free lost card protection, safeguarding against unauthorized transactions and loss.
Comparison with Other Business Cards
When comparing the Standard Bank Business Garage Card to other business cards, its specific focus on vehicle-related expenses sets it apart. Unlike general business credit cards, which cover a broader range of expenses, this card is tailored for those who require dedicated vehicle expense management.
Advantages:
- Specialized Use: Ideal for businesses with substantial vehicle-related costs.
- Enhanced Tracking: Driver-named cards simplify expense tracking.
- Rewards: Earn valuable rewards through the UCount program.
- Digital Convenience: Integrates with modern payment technologies.
Disadvantages:
- Limited Scope: Primarily covers vehicle expenses; other types of expenditures require additional cards.
- No Travel Insurance: Lacks complimentary travel insurance, unlike some other business credit cards.
Conclusion
The Standard Bank Business Garage Card is a valuable tool for businesses needing efficient management of vehicle-related expenses. Its specialized features, such as rewards on fuel and maintenance costs, digital payment options, and robust fraud protection, make it a strong contender in the business credit card market.
For businesses focused on optimizing vehicle-related costs and leveraging digital payment solutions, this card offers a tailored solution with significant benefits. As financial needs evolve, the Standard Bank Business Garage Card continues to provide essential features that align with modern business operations.
For more details on how to apply for the Standard Bank Business Garage Card or to explore other financial products, visit Standard Bank’s official website.