What is the Woolworths black card minimum salary threshold? Woolworths, one of the world’s biggest retailers, offers financial services to people in South Africa. We have previously written on the Woolworths credit card requirements. The company offers two types of credit card, the Black card and the Gold card. Gold cards are for ordinary earners, while Black cards are for high earning South Africans. So, how much do you need to earn for you to qualify for a Woolworths black card?
How much do you need to earn to qualify for a Woolworths Black card
The Woolworths black card minimum salary requirement is R41666. That’s how much you will need to earn in order to qualify for this type of card. If you earn less than this, then you will need to apply for a Gold card whose minimum income threshold is R3000.
Do I need to be formally employed?
That’s the Woolworths Black card minimum salary threshold. But does this need to be a salary? What if you are informally employed? You can still apply for a Woolworths black card in that case.
However, one thing to note is that you will need to provide proof that you have been getting an income above the threshold over the past couple of months.
Benefits of a Black card
Black cards are popular in South Africa. A lot of people have been looking to get them. But why are they popular? Well, it mostly has to do with what’s on offer with each card. With Woolworths, you get the following;
- Travel insurance
- Additional cards
- Medical coverage
- Legal coverage
- Access to your account oline
- Free hot beverages at Woolies Cafe
- Taste magazine for free every month
In this article, we gave you the Woolworths Black card minimum salary threshold. It’s the minimum income that you need to have in order to qualify for a Woolworths black card. This card is for the elite in South Africa in terms of earnings. If you earn an average salary, then you will not be able to qualify. But if you are a high income earner, you can apply for this card.