Credit Card

Sanlam Money Saver Credit Card: Earn 5% Wealth Bonus on Every Purchase

Every time you swipe your Sanlam Money Saver Credit Card, you earn a 5% Wealth Bonus, plus additional cashback on fuel purchases. Save while you spend!

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Unlock savings with every swipe

Unlock savings with every swipe. Source: Sanlam

The Sanlam Money Saver Credit Card is a unique financial tool designed to help South African consumers maximize their spending power. 

card

Credit Card

Sanlam Money Saver

Get 5% back on every swipe + 55 days interest-free!

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Unlike traditional credit cards that only offer rewards in the form of points or discounts, this card allows users to earn a direct 5% Wealth Bonus on every transaction. 

  • Required Credit Score: Applicants must have a solid credit history
  • Monthly Fee: R60
  • Zero-interest grace period: Up to 55 days on qualifying transactions
  • Rewards: R1 back per litre of fuel at TotalEnergies stations, 5% Wealth Bonus on all other purchases

Sanlam Money Saver Credit Card: Key benefits and features

The Sanlam Money Saver Credit Card stands out in the South African market for its ability to combine spending and saving. 

Every time a cardholder makes a purchase, 2.5% of the transaction amount is allocated to a Wealth Bonus account. 

Sanlam then matches this amount, effectively doubling the savings to a total of 5%.

Unlike other cashback programs that impose limitations on where rewards can be redeemed, this card allows users to receive their accumulated Wealth Bonus as cash, which can be paid out either quarterly or annually. 

This flexibility ensures that users have control over their savings, whether they choose to reinvest or spend the funds.

For those who frequently refuel at TotalEnergies stations, the Sanlam Money Saver Credit Card provides an additional perk—R1 back for every litre of fuel purchased. 

This feature makes it a highly practical option for motorists looking to cut down on fuel expenses.

Who is it for?

This credit card is particularly suited for individuals who want to maximize their savings while maintaining their everyday spending habits. 

It provides a structured yet effortless way to accumulate savings over time.

  • Regular Spenders: Those who frequently use their credit card for groceries, dining, and shopping will see substantial long-term savings.
  • Fuel Consumers: Cardholders who refuel at TotalEnergies stations can take full advantage of the R1 per litre cashback, significantly reducing their monthly fuel costs.
  • Savings-Oriented Users: This card is ideal for individuals who want a built-in savings mechanism without needing to change their spending habits.
  • Budget-Conscious Consumers: Those who value financial efficiency and want to ensure that every purchase contributes to their future wealth.
card

Credit Card

Sanlam Money Saver

Get 5% back on every swipe + 55 days interest-free!

You will be redirected to another website

What makes it special?

The Sanlam Money Saver Credit Card is more than just a cashback card—it offers a structured savings plan with every transaction. 

The key differentiator is the Wealth Bonus system, which allows users to build financial security passively.

  • Wealth Bonus Matching: Unlike standard cashback programs, this card ensures that Sanlam matches your contribution, effectively doubling your savings to 5%.
  • Reward Partner Benefits: Purchases at Sanlam’s Reward Partners receive the full 5% Wealth Bonus without requiring an initial contribution from the cardholder.
  • Flexible Payouts: Cardholders can choose to receive their accumulated Wealth Bonus quarterly or annually, allowing them to plan their finances accordingly.
  • Fuel Cashback Advantage: Instead of complex point-based rewards, this card provides a straightforward R1 per litre cashback at TotalEnergies stations.

Things to consider before applying

While the Sanlam Money Saver Credit Card offers excellent savings benefits, it may not be the perfect fit for everyone. 

Some limitations could affect users depending on their spending habits and financial needs.

  • Monthly Fees: The card has a monthly fee of R60, along with a one-time initiation charge of R165, which might not be ideal for those who prefer no-fee options.
  • Limited Fuel Rewards: The R1 per litre cashback is only applicable at TotalEnergies stations, restricting flexibility for users who refuel elsewhere.
  • Wealth Bonus Payout Delays: Unlike instant cashback programs, the Wealth Bonus is only paid out quarterly or annually, requiring users to wait to access their savings.
  • Minimum Income Requirement: Applicants must earn at least R3,000 per month, which may exclude lower-income individuals.

How Sanlam keeps your money safe

Sanlam Money Saver Credit Card
How Sanlam keeps your money safe. Source: Adobe Stock

Sanlam is a well-established financial institution known for its reliability and security. 

The Money Saver Credit Card is backed by industry-leading security features, ensuring that users can shop and transact with peace of mind.

The card comes with chip-and-PIN protection, making in-person transactions secure against fraud. 

Additionally, real-time fraud monitoring helps detect and prevent unauthorized transactions. 

Online purchases are further protected through Mastercard’s global security framework, which includes two-factor authentication for added safety.

Sanlam is also committed to transparency. Cardholders receive clear, detailed statements outlining their transactions, Wealth Bonus earnings, and applicable fees. 

There are no hidden charges, and all terms are communicated upfront, ensuring that users are fully informed about their financial commitments.

Smart ways to use your Sanlam Money Saver Credit Card

This credit card seamlessly integrates with your daily spending, helping you save as you shop.

Whether for daily necessities or larger purchases, every swipe helps cardholders build their Wealth Bonus.

  • Everyday Purchases: Earn a 5% Wealth Bonus on groceries, clothing, dining, and other daily expenses.
  • Fuel Expenses: Get R1 per litre cashback at TotalEnergies stations, providing consistent savings on fuel costs.
  • Online Shopping: Securely shop online while accumulating a Wealth Bonus with every transaction.
  • Travel Expenses: Though not a dedicated travel card, it can be used for flights, accommodations, and car rentals while still earning savings.

Step-by-step guide: Applying for the credit card

Here’s how you can apply for your Sanlam Credit Card:

  1. Visit the Official Website: Go to the Sanlam website and access the Money Saver Credit Card section to begin your application.
  2. Complete the Application Form: Provide personal details, including your South African ID number, employment information, and monthly income.
  3. Submit Required Documents: Upload proof of income, proof of residence, and a valid South African ID.
  4. Await Approval: Sanlam will review your application and inform you of the outcome.

Requirements

Eligibility requires applicants to be 18 years or older and possess a valid South African identification document.

They must also have a minimum monthly income of R3,000 and be employed in a permanent or contract position with a duration of at least 12 months. 

Self-employed individuals may also apply but will need to provide additional documentation to verify their financial stability. 

Applicants must have a clear credit record and should not be under debt review, administration, or bankruptcy.

Looking for another option? Take a look at the Absa Gold Credit Card

While the Sanlam Money Saver Credit Card is an excellent choice for those looking to maximize savings, some individuals may prefer a card that offers different financial perks. 

The Absa Gold Credit Card is a solid alternative for those who prioritize lifestyle benefits and travel-related rewards.

The Absa Gold Credit Card is designed for individuals seeking a more premium banking experience. 

It provides access to exclusive offers, travel perks, and a range of financial tools to help users manage their spending efficiently. 

Choosing between the two cards depends on individual financial goals. Those who want to integrate saving into their daily spending will benefit most from the Sanlam Money Saver Credit Card. 

However, those looking for added luxury and lifestyle perks may find the Absa Gold Credit Card a more suitable option.

To explore whether the Absa Gold Credit Card better suits your financial needs, continue reading and discover its key features and benefits below.

Absa Gold Credit Card

Absa Gold Credit Card

Get cash back, travel insurance & lounge access with the Absa Gold Credit Card. Secure payments & exclusive rewards await!

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