Money Saver Credit Card: How to Apply

For South African consumers seeking a simple, automated way to grow their savings while managing daily expenses, the Money Saver Credit Card is an innovative solution. This card, offered by Sanlam, turns everyday card swipes into contributions toward your Wealth Bonus, helping you build long-term financial resilience without changing your spending habits.

If you’re considering applying for the Money Saver Credit Card, this guide will walk you through the process and show you how to get the most out of its automated saving features.

Why Choose the Money Saver Credit Card?

The Money Saver Credit Card is unique in that it integrates automated savings with the convenience of a traditional credit card. Here’s why it stands out:

• Automated savings of up to 5% on every card swipe.
• Additional savings through the Wealth Bonus programme.
• Savings contributions matched by Sanlam to accelerate your progress.
• Simple digital account management and easy application.
• No need for a separate savings account — your rewards grow automatically.

If you want to build your savings while using your credit card for groceries, fuel, dining, and more, this card offers a seamless, no-effort way to do it.

Who Can Apply for the Money Saver Credit Card?

Before applying for the Money Saver Credit Card, make sure you meet these eligibility criteria:

• Be at least 18 years old.
• Be a South African resident with a valid South African ID.
• Have a valid South African bank account for billing purposes.
• Possess a good credit record and healthy credit score.
• Be prepared to provide proof of income and proof of residence.

Once you meet these requirements, applying for the Money Saver Credit Card is straightforward and can be done entirely online.

How Automated Savings Work

One of the most compelling features of the Money Saver Credit Card is its automated savings mechanism, which works in four simple steps:

1. Swipe your card for purchases — every time you spend R500 or more, a portion of that amount triggers automated savings.
2. 2.5% savings applied automatically — a 2.5% contribution of the qualifying spend is set aside and added to your Wealth Bonus savings.
3. Sanlam matches the 2.5% — Sanlam contributes an additional 2.5%, effectively doubling your savings boost to 5%.
4. Savings grow over time — your Wealth Bonus accumulates, helping you build a savings cushion at no extra cost to you.

This system turns every qualifying card transaction into a step toward a healthier financial future.

Wealth Bonus Rewards

The Wealth Bonus is the core of the Money Saver Credit Card’s value proposition:

• It acts as a savings pot linked to your card activity.
• Accumulates rewards with no separate saving effort required.
• Automatically matches savings — Sanlam matches your contributions to enhance growth.
• Designed to encourage long-term financial wellness.

Your Wealth Bonus is available through Sanlam’s secure digital platform, making it easy to track and manage your growing rewards.

Partner Rewards and Extra Savings

In addition to automated savings, the Money Saver Credit Card offers opportunities to save even more through its partner network:

• Enjoy savings on Tyres & More and Tiger Wheel & Tyre purchases.
• Get discounts at Nu Metro cinemas.
• Benefit from a range of future partner offers that may be added.

By shopping with these partners and paying with your Money Saver Credit Card, you can enjoy additional discounts while building your Wealth Bonus simultaneously.

Everyday Convenience and Security

The Money Saver Credit Card also provides everyday convenience and robust security features:

• Full Visa acceptance for secure online and in-store purchases.
• Tap-to-pay and mobile wallet compatibility.
• No manual tracking required — savings are automatic and visible through your digital account.
• Fraud protection and secure payment features.

With the Money Saver Credit Card, you can manage your spending and savings in one streamlined experience.

How to Apply for the Money Saver Credit Card

Ready to start growing your Wealth Bonus? Here’s how to apply for the Money Saver Credit Card:

1. Visit the official Money Saver Credit Card page on the Sanlam website.
2. Click on “Apply Now” to begin the application process.
3. Fill in the required personal and financial details.
4. Upload supporting documents:
   • South African ID.
   • Proof of residence.
   • Proof of income (recent payslips or bank statements).
5. Submit your application online for credit assessment and approval.
6. Once approved, your card will be issued and delivered.

You also have the option to speak to an expert via the contact form on the website to receive personalized assistance.

Fees and Costs to Know

It’s important to understand the fee structure of the Money Saver Credit Card:

• Monthly card fee: Refer to Sanlam’s latest pricing schedule for the exact monthly cost.
• Interest-free period: Up to 55 days on qualifying purchases if you pay your balance in full.
• Interest rate: Variable, based on your credit profile and risk assessment.
• Additional fees: May include late payment penalties, foreign transaction fees, and card replacement charges.

Be sure to review the full Terms and Conditions carefully before applying.

Tips to Maximize Your Savings

To get the most value out of the Money Saver Credit Card, follow these tips:

• Use your card for everyday spending, focusing on R500+ transactions to trigger savings.
• Pay off your balance in full each month to avoid interest charges.
• Leverage partner offers for extra discounts.
• Track your Wealth Bonus regularly and celebrate progress toward your savings goals.
• Encourage friends or family members to explore the card and maximize their own savings potential.

By consistently using your card and managing it responsibly, you can build a substantial Wealth Bonus over time.

Final Thoughts

The Money Saver Credit Card is a smart, automated tool that helps you grow your savings while going about your daily life. With automatic contributions, Sanlam’s matching feature, and a user-friendly rewards platform, this card is an ideal choice for anyone who wants to improve their financial wellness with minimal effort.

If you’re ready to take control of your savings and simplify your financial life, applying for the Money Saver Credit Card is an excellent next step. Visit Sanlam’s website today, complete your application, and start turning every purchase into a step toward a stronger financial future.