Buying clothes, shoes, or household items at Jet is a popular choice for many South Africans. Jet offers easy payment options, including credit accounts, so you can shop now and pay later. But before you get a Jet store card or credit account, your credit score requirements come into play. Understanding Jet’s credit score requirements can help you improve your chances of approval and manage your finances better.
In this article, we explain what Jet store credit is, why your credit score matters, what Jet’s credit score requirements are, and how you can improve your credit score to qualify for Jet credit.
What is a Credit Score?
A credit score is a number that shows how reliable you are at repaying borrowed money. In South Africa, credit bureaus like TransUnion, Experian, and Compuscan calculate your credit score based on your credit history.
Your credit score depends on factors like:
How well you have paid previous loans or credit accounts (like store cards, home loans, or cellphone contracts).
If you have any unpaid debts or defaults.
How many times you have applied for credit recently.
The length of your credit history.
Credit scores usually range from 300 to 850, with a higher score meaning you are more likely to repay credit on time.
Why Are Credit Score Requirements Important for Jet?
Jet’s credit score requirements help them decide if you are eligible for their credit account. When you apply for Jet store credit, they check your credit score to:
Assess your risk as a borrower.
Decide if you qualify for credit based on their requirements.
Determine how much credit to give you.
Set your repayment terms.
Meeting Jet’s score card requirements means you are more likely to be approved and get better credit terms.
Related: Jet Account Application Declined? Here’s Why and What to Do Next
Jet Store Credit Score Requirements: What You Need to Know
Jet does not publicly disclose exact minimum credit score requirements, but based on typical South African credit practices and customer experiences, here is what you should expect:
Good Credit Score: Usually, a score above 650 meets Jet’s score card requirements and leads to a high chance of approval.
Average Score: Scores between 550 and 650 may meet Jet’s score card requirements but could result in lower credit limits or stricter repayment conditions.
Poor Credit Score: Scores below 550 often fail to meetJet’s score card requirements, leading to declined applications.
Jet also considers other factors beyond just your credit score, including:
Your income and affordability.
Your current debts and payment history.
How many credit accounts you already have.
How to Check Your Credit Score and Understand Jet’s Credit Score Requirements
You can check your credit score yourself for free once a year from major credit bureaus like:
TransUnion
Experian
Compuscan
Checking your own credit score helps you understand if you meet Jet’s credit score requirements before applying.
How to Improve Your Credit Score
If your credit score is below Jet’s credit score requirements, here are practical steps to improve it:
Pay Your Bills on Time: Late payments hurt your credit score and affect meeting credit score requirements.
Clear Existing Debt: Reducing debt helps improve your score and better meets Jet’s credit score requirements.
Avoid Multiple Credit Applications: Each application can lower your score, making it harder to meet credit score requirements.
Use Credit Wisely: Keep your credit utilization low to improve your chances of meeting credit score requirements.
Check Your Credit Report for Errors: Fix any errors that could wrongly affect your score against Jet’s credit score requirements.
Keep Old Accounts Open: Length of credit history is important for meeting credit score requirements.
Other Important Info About Jet Store Credit
Interest Rates: Jet credit accounts come with interest fees, so understanding repayment terms alongside credit score requirements is important.
Credit Limits: Your limit depends on how well you meet Jet’s score card requirements and your income.
Payment Defaults: Missing payments harms your credit score and future ability to meet Jet’s score card requirements.
Account Management: Use Jet’s app or website to manage your credit account and stay on top of your credit score.
What If You Don’t Meet Jet’s Credit Score Requirements?
If your application is declined because you don’t meet Jet’s score card requirements:
Ask Jet for feedback and reasons.
Check your credit report for issues.
Work on improving your credit score.
Reapply after your credit score meets Jet’s score card requirements
Summary
Jet store credit is a convenient way to shop, but you must meet their credit score requirements. While exact numbers are not public, having a good credit score above 650 usually helps. If you don’t meet Jet’s score card requirements, improve your credit health by paying bills on time, reducing debt, and avoiding too many credit applications.
Knowing and meeting Jet’s score card requirements lets you shop confidently and responsibly.
