What is the monthly credit card repayment amount?
In general, the minimum monthly payment is calculated on 3% of the outstanding balance or R25 whichever is greater.
However, this only applies when the budget facility is not used, the account is not in arrears, and the account is not over-limit.
Standard Bank minimum credit card repayment
We break down different credit card repayment amounts.
The Accelerate credit card repayment
The minimum monthly repayment for Standard Bank Accelerate Credit Card and MasterCard (un –embossed) is calculated at 10% of the outstanding balance or R100 whichever is the greater where the budget facility is not used.
The Access Credit Card
The minimum repayment for Access Credit is 3% of the customer’s credit limit. If your minimum monthly payment is not made on time, you will be charged a late payment fee.
Check our credit card pricing guide for details.
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