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Best Credit Cards to Own in South Africa
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So, you want to know what are the best credit cards in South Africa; then this article is for you.
So, you want to know what are the best credit cards in South Africa; then this article is for you.
1. Nedbank Classic Credit Card
The Nedbank Classic is the only truly secure and advanced credit card on the South African market today. With this top-quality product, you can move up the ladder quickly while enjoying the many benefits associated with a successful business or personal credit account.
This card has been designed with the younger generation in mind, with a low purchase requirement and balance transfer facility on your first purchasing occasion, along with a host of other exclusive features. That’s why it is the best credit card to apply for online. Plus, you can earn miles every time you use your card, which can be used towards your airfare or hotel stay with Hotelscheap and AirBnB.
2. Standard Bank Blue Credit Card
Another Credit Card worth mentioning is the Standard Bank Blue Credit Card. The Standard Bank Blue Account is one of the most readily available credit cards in South Africa. It is a store of value card type, which means that purchases made with it are usually taxed when paid over to another person/company. It’s popular for large purchases such as cars, homes, and investments. Standard Bank offers great features at an affordable price with a 12-month repayment period, interest-free use on their premier card products, and competitive annual fee reduction on top of that.
All major banks offer it with a minimum balance of R500 and a maximum limit of R15,000 per calendar year. The interest rate on this card is the lowest out of all available cards under $200, and it can be as low as 2.9%. It has a chip and has met internal standards for cost recovery. Most importantly, it is safe from fraud. No account will be suspended or terminated for lack of funds, even when the negative balance is outstanding.
3. African Bank Gold Credit Card
There are several reasons why the African Bank Gold Credit Card is widely regarded as the best available. For one, it carries a low annual fee of R100. It also offers generous rewards which can be redeemed for cash at any time. These include premier status on Airbnb, exclusive lounge access at luxury hotels, and future earning perks like exclusive events and networking with industry experts. Most importantly, you have the option of adding cash onto your account at any time through the use of the Mobile App or online at their website.
African Bank Gold Credit Card provides you with the opportunity to build up your credit score over time, increasing your overall credit capacity by increasing the limits on your available credit and by making new purchases with it when possible.
4. American Express Gold Credit Card
This is the most versatile and cost-effective credit card in South Africa that will help you achieve your money’s worth, whether it’s for living expenses, debt repayments, or personal finance. With the benefits of the card, you will be able to buy the things you need with ease and at competitive prices without having to pay high interest rates on purchases or overdrafts. Amex has been providing credit solutions since 1865, and today they can offer customers nationwide a wide range of products and services at competitive prices with competitive service levels.
The Amex Gold Credit Card was first approved by the Reserve Bank of South Africa (RBS) in June 2010. It is valid for purchases at supermarkets, department stores, airlines, and any other retailer where American Express is accepted. They offer debt consolidation loans for credit card debt and an annual fee of $0 and pays cashback when you spend plateaus at $3,500 per calendar year. This means you can use your credit card to purchase any amount without paying interest on top of what you already pay each month.
