Why do I need a HealthSaver Card if I already have a Momentum Money card?
From 1 April 2024, clients who have HealthSaver accounts will no longer be able to access the funds in their HealthSaver accounts via the Momentum Money Card. From that date onward, you will need a HealthSaver Card to spend any available funds in your HealthSaver account at qualifying retailers, such as healthcare providers, pharmacies and veterinarians.
How will the introduction of a HealthSaver Card impact my Momentum Money account?
The Momentum Money account remains an ideal tool to grow your savings at very attractive interest rates. You don’t need to have a Momentum Money Card, but if you already have one or would like to request a card, you can move funds from your Savings wallet into your Payment wallet and use the Momentum Money Card to pay and transact like any other bank debit card.
When can I start using the HealthSaver Card?
You can use your HealthSaver Card from 1 April 2024, provided it has been activated.
How do I activate my HealthSaver card once it has been delivered?
If you are the principal member, you can quickly and easily activate your HealthSaver Card via the Momentum App by navigating to “Manage your account” under “HealthSaver”. Alternatively, call 0860 11 78 59 and select option 3. If you are a dependant on Momentum Medical Scheme, you will not have access to activate your card on the Momentum App. Please call 0860 11 78 59 and select option 3.
Does it matter which of the two cards I use to transact?
Yes, it is important to consider which card you are using for a purchase because:
- The HealthSaver card can be used at a specific list of healthcare providers, while the Momentum Money Card can be used at any retailer,
- Be sure to transfer money from your Savings Wallet to your Payment Wallet when swiping your Momentum Money Card.
How much does a HealthSaver Card cost?
Your initial card is free and will remain valid for 5 years. Once it expires, you can order a replacement card to be delivered at a cost of R100.
How much does a Momentum Money Card cost?
A R100 card issue fee applies.