Jet Store is a fashion retailer that sells clothing items at discounted prices and on credit using the Jet Store Account. Initially, Jet Store was owned by Edcon Ltd. During the Covid 19 outbreak in South Africa, the retail sector was affected. Edcon in particular went through tough financial times. As a consequence, Edcon decided to sell Jet stores to The Foschini Group (TFG). The acquisition was completed in September 2020 at an agreed price of R 480 million. Since then, the corporate group has managed to revive the retailer, making it one of the preferred clothing chains in South Africa.
While the retailer initially offered fashion items, it now has a bigger catalog that includes cell phones on JetCellular as well as household goods through JetHome. As a result, the credit facility is appealing to people who are looking for credit purchases of other items apart from apparel. If you are considering the Jet Store Account, this review will provide you with the information you need to make the right choice.
Features of Jet Store Accounts
A Jet Store account is a credit facility that lets you buy goods on credit from Jet Stores and TFG affiliate stores. Presently, there are over 1300 Jet Stores to choose from countrywide. These stores have brands that accept credit purchases through Jet Store Account. These brands include Revolution, Jet Boy, Jet Girl, J Classic, Massunu, Enzo, Jet Toddler, and NXT. Other affiliate stores that support the Jet Account credit facility are Colette, Charles and Keith, @home, @homelivingspace, Fabiani, Exact, American Swiss, Duesouth, Donna-Claire, Sterns, G-star Raw, Foschini, Markham, Hi, Mat & May, The Fix, Totalsports store, Sterns, Sodabloc and Sportscene.
Jet Store Credit Cards
It is important to note that only the cardholder can use the card to shop. If need be, a cardholder can apply for a secondary card holder to be issued with a secondary card that they can use. In such a case, the secondary card will use the primary Jet Store account to access the credit facility it avails. The secondary card, unlike the primary one, is not free though. It has a nominal fee, similar in amount to the one you pay in case you need your primary card replaced, attached to it. The secondary card holder should be 18 years and above or 16 to 18 years only if you are their parent or legal guardian.
In order to buy clothing items on credit at supported stores, you must have a Jet Store credit card. If your application for the Jet Account is Approved, you will receive a Jet Store Credit card. Once you receive the card, you should sign it with a black ball pen to legitimize it. The card will be presented to a supported retailer during a purchase to use the credit facility. Together with that, you will also sign a sales voucher to confirm that you indeed made the purchase. If you do not pick up your card from a Jet Store 180 days after your application is approved, your card will be canceled together with your account.
Credit Purchases with Jet Store Account
Although, it is not always the case that purchases can be made completely on credit. At times you may be required to spend a minimum amount before you get access to credit on your account. It depends on the credit limit you have in your account. The credit only accounts for purchases that are at or below your credit limit. In some cases though, you may be allowed a temporary increase in credit limit while making credit purchases upon your request. Also, secondary credit cards do not increase the credit limit of a Jet Store Account.
Cash Loans on a Jet Store Account
If you have an account that is older than 3 months, you can get a cash loan from the balance on your credit card limit. To do so, call Jet Store to make a verbal request. The retailer will consider your request and get back to you with an amount you can withdraw. The amount will then be deposited to your bank. This type of cash loan is considered a cash withdrawal from your Jet Store Account.
Terms of a Jet Store Account Credit
While making the purchase, you have the option to choose, from among a selection, a payback plan that is convenient for you. If you do not do so before the purchase is processed, a payback plan will be selected for you automatically. Though, in the case of a cash withdrawal, you will not be allowed to select a payback plan. The retailer will select one for you. Finally, when making repayments for an outstanding Jet Store Account credit balance, ensure that your payments are made to the correct accounts so that your account is not considered in arrears.
Jet Store Account Insurance
Jet Store Account loans are indemnified in case the owner is deceased, maimed, or suddenly losses their source of income. This is made possible through insurance which is underwritten by Hollard Life Assurance. It covers amounts up to 12 months of installments in the case of a temporary loss of income, and the outstanding balance or the full outstanding amount in the other cases.
Advantages of Using a Jet Store Account
- Fashion items at Jet Stores are affordable compared to other fashion retailers. Additionally, with a Jet Store Account, you will have access to offers on their stores.
- Items can be bought on credit at supported stores. A Jet Store Account gives access to a credit facility that you or a secondary cardholder of your choosing can use.
- The account allows a temporary increase in credit limits at times while making credit purchases.
- Jet Store Accounts are covered for death, disability, and loss of income with Hollard.
Disadvantages of Using a Jet Store Account
- A Jet Store Account Credit card can only be used by the owner of the account. In cases where an account owner wants to gift a loved one with the available credit, it becomes cumbersome to get a secondary card for them.
- In case you default, your account will be in arrears and will accrue additional charges. As a result, the loan can be very expensive for those who have not prudently considered how they are going to repay the loan.
How to Apply for a Jet Store Account
In order to get a Jet Store Account, you need to meet the following minimum criteria:
- You must be a South African citizen with a valid ID document.
- You have to be 18 years old and above.
- You must be residing in South Africa with proof of residence that is no more than 3 months old.
- You should either be employed, be a pensioner, or a student who has been in a recognized institution of higher learning for a year or more.
- You should be in a position to provide a 3-month bank statement or 3-month pay slip.
If you meet the criteria, you can apply for a Jet Store Account at one of your nearest Jet Stores by filling out an application form. The application form will be reviewed and its success will be communicated to you within 48 hours of your application. The application form will require you to fill in:
- Your home country,
- Your national ID number,
- Your cell phone number,
- Your names as they are on your ID, and
- Your email address.
You will also be required to answer questions that will help Jet determine your credit score. For more information, you can contact the retailer using the following contacts:
- Cell phone numbers: +27 860 113 639 or 0860 834 834
- Social media: @jet_fashion (Twitter) @jet_fashion (Instagram) @jetGoodForLife (Facebook)
Or visit the head offices at
46 Electtron Ave, Isando,
Jet Store Account allows shoppers who frequently use Jet Stores to buy goods on credit. Since Jet Store is a subsidiary of The Foschini Group (TFG), the account can also be used to make purchases to specified outlets including TFG outlets and partnered stores. In case you are urgently in need of cash and the only credit option available to you is on the Jet Store Account, you can call the retailer to request a cash withdrawal of your credit balance. This is a good safety net for anyone who feels they might need cash loan options for a rainy day.
Overall, it is worth considering the features and the advantages and disadvantages of this account before you make the application for one. Additionally, also consider whether or not you meet the qualifying criteria for application. The information in this article should be sufficient to help you decide if a Jet Store Account is the right credit option for you.