Before you apply for an account, you must make sure

• You are over the age of 18
• You have a valid ID or Passport
• You are currently employed or earning an income
• You are contactable by a cellphone number
• You have a postal or residential address
  
• You have obtained permission from your spouse to conclude this agreement, if married in community of property or by way of customary law.

Account fees

• Initiation Fee: up to R60 once off
  
• Monthly service fee up to R25.00pm
  
• The initiation fee and service fee will be determined by the credit facility issued
• The credit facility is only available to applicants living and working within the borders of the Republic of South Africa and is currently not available in neighboring Countries (Botswana, Lesotho, Mozambique, Namibia, Swaziland, and Zimbabwe).

Insurance

• Insurance products are underwritten by Guardrisk Life Limited (FSP No.76), a licensed life insurer, and Guardrisk Insurance Company Limited (FSP No.75), a licensed non-life insurer. The products are administered by Mr Price Group Limited (FSP No.31450 & NCRCP46), a registered credit provider. All 3 entities are authorised financial services providers. Terms and Conditions apply.
  
• There are two types of credit life insurance, mandatory and optional credit life insurance. The Mr Price Credit Balance Protection Plan is mandatory which means that it is a requirement or condition of your credit agreement. The Credit Balance Protection Plan meets the requirements of the National Credit Act 34 of 2005 ("NCA"), however you have the right to waive the Credit Balance Protection Plan and substitute it with a credit life policy of your own choice, which covers the same benefits and which policy must then be ceded to us with certain written directions as stated in the NCA.
  
• Credit Balance Protection settles the full outstanding balance in the event of: Death, Permanent and Temporary Disability, Retrenchment or Loss of Income. The premium payable forms part of the full instalment amount specified in your monthly Mr Price account statement. The premium is R3.50 per R1,000 per month of the outstanding balance.
  
• The full offering of Insurance products is only available to 6/12 month credit facility holders. These additional optional products can be selected once your account has been opened if your application is successful. The monthly premiums can be conveniently billed to your card account.

Cellular

• Cellular products and the purchase of airtime on account is only available to 3, 4, 6 and 12 month account holders.