Products & services

Card Division

Mercantile Bank specialises in a niche range of Treasury, Retail and Commercial products for the SME market (small/medium enterprises). We pride ourselves on our ability to offer tailor made solutions to new and existing clients. The flexibility and transparency of service and pricing is evident in the personal touch offered by the experienced teams at Mercantile Bank, from the Branches to the Dealing Room.

We offer the full range of Commercial Banking products as listed below with a personal assurance from the team that all transactions will be dealt with on a professional level and the process will ensure solutions for our valued client base.

And with our focus on your needs you can rest assured of our commitment to offering you the very best personalised and efficient service.

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Cards

ATM Card

As a business bank, we understand that carrying large sums of cash around can be risky and thus the need to have ATMs conveniently located to ensure that you have access to your cash 24 hours a day and 365 days a year.

All our branches, countrywide, have securely and conveniently located ATMs to serve you anytime of the day, if you want to withdraw cash, check your balance or get a mini statement, our ATMs are securely located for your service.

With your Mercantile Bank ATM Card, you can also make a withdrawal from any bank in South Africa.

Drive Card

The Drive Card is the only card you will need on the road as it is linked to your vehicle for enhanced security. It has been designed for fast, efficient and safe vehicle-related transactions.

You can use it to pay for emergency repairs and spares as well as fuel, oil and other vehicle expenses. You can even use it to pay toll fees – and, of course, it’s safer than carrying cash.

Other Benefits:
The Drive Card is linked to your credit card. Linked monthly statements detail your transactions.

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Credit Cards

Mercantile Bank Business VISA Credit Card

Both types of Credit Cards offer tailor made solutions for your business regardless of the number of employees or the size of the business.
Business Credit Cards must be settled in full at the end of each month. Repayments may be spread over a period of up to 60 months, but you have up to 55 days interest free credit on purchases when you settle the full outstanding amount before the due date.
All payments can be made through electronic transfer, cash or cheque payment or debit order from your Current Account.

Mercantile Bank Business Gold VISA Credit Card

Enjoy the prestige and incredible benefits of our Mercantile Bank Business Gold VISA Credit Card, which automatically recognises your business achievements and status with a rewarding credit limit and worldwide acceptance that takes you further.

Key Features and Benefits:

If you are not the only one responsible for making payments, you can arrange for secondary Mercantile Bank Business VISA Credit Card to be issued to nominated member(s) of your staff. A separate statement will be issued for each cardholder and a single statement for the company.
The Mercantile Bank Business VISA Credit Card is an additional credit facility and is not connected to your main bank account.

Mercantile Bank Business Silver VISA Credit Card

Tailored to suit the needs of any type of business entity, the Mercantile Bank Business Silver VISA Credit Card is perfect for your daily transactions to assist in managing your business finances along with worldwide acceptance.

Key Features and Benefits:

If you are not the only one responsible for making payments, you can arrange for secondary Mercantile Bank Business VISA Credit Cards to be issued to nominated member(s) of your staff. A separate statement will be issued for each cardholder and a single statement for the company.

Mercantile Bank Personal VISA Credit Card

Our Mercantile Bank Personal VISA Credit Card offers you the freedom to pay for that nasty surprise car service or to surprise that special person in your life with a weekend away with the option of paying it off over a few months. Uniquely tailored to your needs it provides you with the convenience of making your everyday personal and business payments whenever and wherever you need to.

A Mercantile Bank Personal VISA Credit Card allows you to make payments all over the world and is accepted anywhere in the world where there is an ATM with VISA logo.

Mercantile Bank Personal Gold VISA Credit Card

The Mercantile Bank Personal Gold VISA Credit Card will provide you with the exceptional benefits and status recognition you deserve along with a generous credit limit to suit the lifestyle and glamour you've achieved.

Key Features and Benefits:

The Personal Gold VISA Credit Card offers a budget facility for high value purchases with repayment terms of up to 60 months.

You can link one or more family members to your account. Each member will receive their own card and the transactions will reflect on your account, making it easy to keep track of all the expenses and transactions.
Flexible repayment terms - you may choose to pay a minimum of 10% of the outstanding balance or to pay off the total amount spent at the end of each month.

Mercantile Bank Personal Silver VISA Credit Card

The Mercantile Bank Personal Silver VISA Credit Card is the safest and most convenient way of spending for day-to-day expenses, entertainment, shopping etc.

Key Features and Benefits:

The Mercantile Bank Personal VISA Credit Card offers a budget facility for high value purchases with repayment terms of up to 60 months.
You can link one or more family members to your account. Each member will receive their own card and the transactions will reflect on your account, making it easy to keep track of all the expenses and transactions.
Flexible repayment terms - you may choose to pay a minimum of 10% of the outstanding balance or to pay off the total amount spent at the end of each month.

Budget Facility

When you need to spend a little bit more without worrying about a large increase in your monthly repayment, opt for your budget facility.
The budget facility is valid for purchases of R300 and over and allows you to spread repayments over a period of up to 60 months at a competitive monthly interest rate.
Your budget facility is separate from your straight facility, but you have the freedom to allocate funds from your budget to your straight facility and vice versa,
To make use of your budget facility easy, simply inform the cashier conducting the transaction of your desired repayment period, sign the slip and enjoy your purchase.

Lost or Stolen Cards

Please report a lost or stolen Mercantile Bank VISA Credit Card as soon as possible. You can contact our 24 hour hotline on 0860 11 99 25. We will issue you with a new card within 48 hours, which can be collected at your nearest branch or as per your request.

Please note that you will be liable for payment of all transactions recorded until the card is reported lost or stolen, so prompt notification is very important.

Travel Insurance

Check-in times, foreign languages, bags and more bags. In short, you have enough to think about during your travels. A Mercantile Bank VISA Credit Card is the perfect travel companion. Not only do you not have to worry about carrying cash in your pocket; it now also offers you peace of mind in the form of Travel Insurance.
If you charge your flight ticket to your Mercantile Bank VISA Credit Card, you automatically qualify for free local and international Travel Insurance.
Should the free Travel Insurance not cover all aspects of your travel, you can make use of optional top-up at an additional cost.

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