Mr Price Account Application
By MoneyToday Team • Dec 11, 2024 • 4 min read
A Mr Price account lets you buy now and pay later at Mr Price, Mr Price Home, Mr Price Sport, Miladys, and Sheet Street. It's one of the easiest store accounts to get in South Africa.
Here's everything you need to know about applying, the requirements, and what credit limit you can expect.
Quick Facts
Minimum Income
R3,000
Per month
Starting Credit
R500 - R5,000
Based on affordability
Interest Rate
24.5%
Per year
Requirements to Apply
- South African ID: Valid green ID book or smart ID card.
- Proof of income: Latest payslip or 3 months bank statements.
- Proof of residence: Utility bill, bank statement, or lease agreement (not older than 3 months).
- Minimum age: 18 years or older.
- Employed or receiving income: Salary, grant, or pension accepted.
How to Apply
Option 1: In-Store (Recommended)
Visit any Mr Price, Mr Price Home, Miladys, or Sheet Street store.
Ask a cashier or floor staff to help you apply for an account.
Provide your documents (ID, payslip, proof of residence).
Get approved in minutes and start shopping immediately!
Option 2: Online Application
You can start the application on the Mr Price website, but you'll still need to visit a store to complete verification and collect your card.
- Go to mrpricegroup.com and click "Apply for Credit"
- Fill in your personal details and submit
- Visit a store with your documents to finalize
Where Can You Use Your Mr Price Account?
Mr Price
Fashion, clothing, shoes, and accessories for the whole family.
Mr Price Home
Homeware, furniture, bedding, curtains, and decor.
Mr Price Sport
Sportswear, activewear, and fitness equipment.
Miladys
Women's fashion for ages 35+.
Sheet Street
Affordable bedding, towels, and home textiles.
How Payments Work
Monthly Instalments
You pay back your balance in fixed monthly instalments over 6 to 24 months. Minimum payment is usually 5-10% of your balance or R50, whichever is higher.
Payment Options
Pay at any Mr Price store, via EFT, debit order, or at Shoprite/Checkers Money Market counters.
Budget Option
Some purchases over R500 can be placed on "budget" - spreading the cost over 6 months with a small monthly fee.
Watch Out for Fees
Store accounts can be expensive if you don't manage them properly:
- • Interest: 24.5% per year on outstanding balances
- • Monthly fee: Around R25-R35 service fee
- • Late payment: Extra fees if you miss a payment
- • Credit life insurance: Often added automatically - check your statement
Pros and Cons
Pros
- Easy to get approved
- Low income requirement (R3,000)
- Use at 5 different stores
- Builds credit history
- Account holder specials and discounts
Cons
- High interest rate (24.5%)
- Monthly service fees
- Easy to overspend
- Can't use online (in-store only)
- Debt can spiral quickly
Frequently Asked Questions
Can I apply if I'm blacklisted?
It depends on the severity. Minor defaults may still be approved with a lower limit. Major judgments will likely be declined.
How long does approval take?
In-store applications are usually approved within 10-15 minutes if all documents are in order.
Can I increase my credit limit?
Yes! After 6 months of good payment history, you can request an increase in-store or by calling customer service.
Can SASSA grant recipients apply?
Yes, SASSA grants are accepted as proof of income. Bring your SASSA card and bank statement showing the deposits.