Apply for an Investec Bank credit card, reviewed by our experts. On 17.02.2025, you have access to credit cards options. Increase your chances of approval by filling out a multi-application with a free credit rating check.
Update 04.11.2024
Investec Bank provides two specialized credit cards designed to meet the unique needs of its individual and corporate clients. The Investec Visa Platinum Credit Card offers high-net-worth private clients exclusive benefits, including global access, travel insurance, and flexible credit terms suited to a premium lifestyle. For businesses, the Investec Corporate Credit Card supports efficient expense management with features that accommodate customized spending solutions. While Investec’s credit card offering is limited to these two options, each is crafted to provide exceptional service, convenience, and security, ensuring clients benefit from Investec’s commitment to high-quality, tailored financial solutions.
Key Features
Exclusive Travel Benefits. The Investec Visa Platinum Credit Card offers travel-related perks like complimentary travel insurance and access to airport lounges, enhancing convenience for frequent travelers.
Tailored Credit Limits. Credit limits on both the Visa Platinum and Corporate Credit Cards are customized based on the client’s financial profile, providing flexibility aligned with individual or business needs.
Advanced Security Features. Investec’s credit cards incorporate secure login and real-time fraud alerts, ensuring cardholders' transactions are safeguarded against unauthorized activity.
Digital and Contactless Payments. Investec cards support digital wallets, enabling contactless payments for added convenience and speed in purchases.
Integrated Account Access. Both credit cards can be managed through Investec’s online and mobile banking platforms, with business clients using Investec Business Online to manage their Corporate Credit Cards. This feature allows clients to track spending, make payments, and manage accounts seamlessly.
Credit Cards Offered by Investec Bank
Investec Visa Platinum Credit Card. Designed for high-net-worth individual clients, this card offers up to 45 days of interest-free credit on purchases, allowing for better cash flow management. Additional benefits include unlimited free ATM withdrawals both locally and internationally, interest on positive credit balances, and access to complimentary local and international airport lounges, enhancing travel convenience. Cardholders also receive 90-day all-risk purchase protection and extended warranties, doubling the manufacturer's warranty up to two years, providing peace of mind on high-value purchases.
Investec Corporate Credit Card. Tailored for business clients, this card facilitates efficient financial management for corporate expenses. It offers global acceptance across all Visa-supported platforms, including online purchases, and allows easy account management through Investec Business Online for real-time balance and statement access. Business travelers benefit from complimentary travel insurance for up to 90 days on international trips when tickets are purchased with the card, adding an essential layer of security for business travel.
Pros and Cons
Pros
Comprehensive Support for High-Net-Worth Individuals. Investec’s Private Banking service offers dedicated support, ensuring clients receive personalized assistance tailored to their unique financial requirements.
Streamlined International Transactions. The Visa Platinum Credit Card is designed for ease in international transactions, offering multiple currency support and minimized fees for overseas spending.
Corporate Card Flexibility. The Corporate Credit Card provides businesses with spending controls, expense tracking, and the ability to customize spending solutions, ideal for managing company expenses.
Cons
Limited Credit Card Options. With only two credit cards available, Investec’s selection may not cater to clients looking for varied rewards or cash-back options typically offered by other banks.
High Monthly Fees. The Visa Platinum Credit Card carries a premium monthly fee, which may be a drawback for clients seeking cost-effective credit solutions.
Strict Eligibility Criteria. Investec’s credit cards are tailored for high-net-worth clients, with qualification requirements that may limit accessibility for the general market.
How to Choose Investec Bank Credit Card?
Determine Your Spending Priorities. Start by assessing where you spend the most, such as travel, dining, or general purchases. The Investec Visa Platinum Credit Card offers perks like airport lounge access and travel insurance, making it ideal for frequent travelers and those with higher travel expenses. In contrast, the Corporate Credit Card is more suited to business-related purchases and corporate expenses.
Evaluate Benefits and Rewards. Consider the rewards each card offers, like the interest-free credit period on the Visa Platinum, which provides up to 45 days of interest-free purchases. This feature is valuable if you plan to pay off the balance regularly to maximize your cash flow benefits.
Review Annual Fees and Usage Costs. Compare the associated costs, including any annual or monthly fees, to ensure the card's benefits justify these expenses. The Visa Platinum Credit Card has a higher fee but offers exclusive travel benefits, while the Corporate Credit Card’s features align more closely with business expense management.
Check for Travel Benefits. If you travel frequently, prioritize the Visa Platinum Credit Card for perks like global ATM access with no withdrawal fees, and complimentary travel insurance when booking with the card. These benefits cater specifically to individuals who require convenience and cost savings while traveling.
Consider Corporate Needs for Business Expenses. The Corporate Credit Card offers easy account management via Investec Business Online, making it a strategic choice for companies or individuals with frequent business expenses who require efficient expense tracking and management.
Use Online Tools for Comparison. For a streamlined decision-making process, use Investec’s online resources or consult with an Investec advisor to compare the two cards’ features and benefits side-by-side. This approach can help clarify which card aligns best with your financial goals and spending habits.
How to Apply for Investec Bank Credit Card?
Banking Account. For Investec credit card applications, you need to be an existing Investec client.
Log in to Investec Online Banking. Begin by visiting the official Investec website and logging in to your online banking profile. From there, navigate to the “Products” or “Credit Cards” section to view available options. Select the desired credit card and click “Apply Now” to start your application.
Complete the Application Form. Fill out the online application form with accurate personal details, including your full name, South African ID number (or passport and valid permit for non-residents), residential address, employment information, and income details. Ensure all information is correct to avoid processing delays.
Upload Required Documents. You may need to provide supporting documents, such as proof of residence, recent payslips, and bank statements, as well as a valid ID. Upload these documents as prompted during the application process.
Review and Submit. Double-check all information entered in the application form. Once verified, submit your application. Investec will process the application and may conduct credit checks as part of the verification.
Apply via the Investec App. Alternatively, you can apply through the Investec mobile app. Log in to your account, go to the “Credit Cards” section, select the card you wish to apply for and follow the same steps for filling out and submitting the form. The app allows you to upload documents directly, adding convenience for mobile users.
Visit an Investec Branch. For in-person applications, visit the nearest Investec branch. Bring necessary documents, including your South African ID, proof of residence, proof of income, and additional identification if you’re a foreign national. A consultant will guide you through the process and assist you with submitting your application.
Locate a Branch Using Investec’s Website or App. To find the closest Investec branch, use the “Branch Locator” feature on Investec’s website or app. Enter your location to view nearby branches, along with their addresses and hours of operation.
Wait for the Application Status and Approval. Once your application is submitted, Investec will review it and notify you of your approval status. Approved applicants will receive instructions for activating their new credit card.
Activate Your Credit Card. Follow Investec’s instructions to activate your card. Activation options may include using the online banking platform, calling client support, or visiting a branch. Once activated, your Investec credit card is ready for use.
Eligibility Requirements
Residency. Applicants must be South African residents with a valid South African ID, or foreign nationals with a valid passport and a residency or work permit.
Age. The minimum age requirement is 18 years old to apply for an Investec credit card.
Income. Applicants must have a stable, verifiable income. For those under 30, a minimum annual income of R600,000 is required, while applicants aged 30 and older need an annual income of at least R800,000 or a significant amount of assets under management.
Creditworthiness. Investec assesses applicants’ credit profiles, reviewing credit scores, payment history, and debt-to-income ratio to determine eligibility and appropriate credit limits.
Required Documents. Applicants need to provide proof of identification (South African ID or passport for non-residents), proof of income (e.g., recent payslips), and bank statements from the last three months showing consistent income deposits. Non-residents must also submit a valid residency or work permit.
Bank Account with Investec. To apply for a credit card, applicants are required to be existing Investec clients with an active bank account.
Reasons You May Be Denied
Insufficient Income. Applicants under 30 must have a minimum annual income of R600,000, while those 30 or older need at least R800,000 or substantial assets under management. Failure to meet this requirement could result in a denial.
Low Credit Score. Investec assesses credit scores and creditworthiness. A low score, indicating missed payments or high outstanding debt, can lead to a declined application.
High Debt-to-Income Ratio. A high proportion of income dedicated to existing debts may suggest financial strain, which Investec considers when evaluating the ability to manage additional credit.
Incomplete or Inaccurate Application Information. Missing or incorrect details, such as contact information, employment, or income, can lead to an automatic denial or significant delays in processing.
Lack of Active Investec Account. Investec credit card applications require applicants to hold an existing bank account with Investec. Non-clients will need to establish an account relationship with the bank first.
Unverified or Irregular Income. Investec requires proof of a stable income source. Inconsistent or unverified income may lead to denial, as it raises concerns about repayment capacity.
How to Pay Off My Credit Card Debt
Investec Online Banking. Log in to your Investec Online Banking account, navigate to the “Payments” section, select your credit card, and transfer funds from your Investec account or another linked account to make a payment.
Investec Mobile App. Open the Investec Mobile App, select your credit card account, and tap “Make a Payment.” Follow the on-screen instructions to confirm the transfer, ensuring payment reaches your credit card balance.
Set Up Automatic Payments. For convenience and to avoid late fees, set up automatic debit orders through Online Banking or the Investec Mobile App to deduct the required amount from your Investec account each month on a scheduled date.
Direct Transfer from Another Bank. If you hold an account with another bank, log in to that bank’s online or mobile banking, select “External Transfers,” and add your Investec credit card as a payee by entering the account details provided by Investec.
In-Person at Investec Branch. Visit an Investec branch and request assistance to make a credit card payment. Payments can be made by transferring funds from your Investec account or by providing cash.
Editorial Opinion
Investec Bank’s credit cards are crafted for affluent individuals and businesses, providing tailored travel benefits, custom credit limits, and efficient corporate expense management. The Visa Platinum offers perks like global ATM access and insurance, ideal for frequent travelers, while the Corporate Credit Card streamlines business finances. Although highly specialized, the limited selection and high entry requirements mean these cards may not suit all. Prospective clients should weigh the premium benefits against the costs to determine the best fit for their needs.
What travel benefits do Investec credit cardholders receive beyond airport lounge access and travel insurance?
Investec Visa Platinum cardholders enjoy complimentary travel insurance for trips up to 90 days and unlimited free ATM withdrawals globally. These benefits are specifically tailored to meet the needs of frequent travelers and those managing cross-border expenses.
Are there any purchase protections included with the Investec Visa Platinum Credit Card?
Yes, the Investec Visa Platinum offers 90-day all-risk purchase protection for newly bought items and extends the manufacturer’s warranty by up to two years on select purchases. This added layer of protection ensures peace of mind for high-value transactions.
Can businesses using the Investec Corporate Credit Card track expenses in real-time?
Yes, the Investec Corporate Credit Card integrates with Investec Business Online, allowing real-time tracking of expenses, balances, and account statements. This feature supports efficient expense management and transparency for corporate clients.
Is there a rewards or cashback program associated with the Investec credit cards?
Currently, Investec credit cards do not offer a traditional cashback or points-based rewards program, focusing instead on premium services, travel benefits, and purchase protections tailored to high-net-worth clients and businesses.
How can I check my credit card application status after submitting it?
After applying for a credit card through Investec Online Banking or the mobile app, applicants can monitor their application status by logging in to their account and checking notifications. Alternatively, applicants can contact Investec’s client support for updates.