Best Credit Card Options In South Africa

A credit card is a convenient and essential financial tool used for making everyday purchases of items like groceries, travel packages, jewelry and other goods and services in South Africa. Credit cards are also used for building credit scores and regulating your spending habits.
A credit card is a convenient and essential financial tool used for making everyday purchases of items like groceries, travel packages, jewelry and other goods and services in South Africa. Credit cards are also used for building credit scores and regulating your spending habits.

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There are various types of credit cards, and they all fall into different categories. There are some credit cards specifically designed for traveling and businesses. Hence, there are different credit cards designed to meet the requirements you need in your lifestyle and budget.

There are various types of credit cards, and they all fall into different categories. There are some credit cards specifically designed for traveling and businesses. Hence, there are different credit cards designed to meet the requirements you need in your lifestyle and budget.

Benefits Of Credit Cards

They offer you the opportunity to build your credit score and history
You can earn rewards, like cashback and redeemable points as a cardholder
They protect you from credit card fraud.
Many of them, especially credit cards designed for traveling purposes, do not come with foreign transaction fees
Increased purchasing power
They are not linked to your savings, current or checking account

Best Credit Card Options In South Africa

There are various kinds of credit cards to choose from in South Africa, but the most suitable one depends on your purpose of getting the card. You will also need to consider a few factors, such as the annual fees, interest rates, rewards, perks and introductory benefits of using the card.

The definitions of these factors are different from one credit card to another; hence, they all vary in the features and benefits they offer. It is now left to you to take advantage of the credit card that provides the answer to what you seek.

We researched these factors on several credit cards in South Africa and shortlisted the best among the many cards. We will provide you with the pros and cons of these credit cards in our shortlist list to help you choose the best and suitable card. The best credit card options in South Africa include the following:

Standard Bank Titanium Credit Card

Pros

It offers a high credit limit
Fifty-five days Interest-free period for payments made before the stipulated deadline
Low initiation fee (one time offer)
Their services and policies are customizable

Cons

The interest rate is higher when compared with other credit cards

Nedbank Platinum Credit Card

Pros

Low maintenance fees
Compatible with all the ATMs in South Africa and internationally

Cons

Offer high credit facility service fees
It comes with additional card fees

African Bank Gold Credit Card

Pros

It offers 60 days interest-free period on POS purchases
You only get the credit you qualify for
Affordable

Cons

It offers free POS in only South Africa
The cashback on POS is not free of charge

FNB Gold Credit Card

Pros

Low monthly fees
Unlike others, it offers low initiation fees

Cons

High monthly interest rates
High monthly repayment rates

Standard Bank Gold Credit

Pros

Offers credit card protection policy
Offers low monthly fees and high credit limit
Offers flight and travel discount
It also offers cardholders with travel insurance

Cons

Their UCount rewards are not free of charge but require subscription fees

In conclusion

There is no perfect or best credit card option for a person, considering your purchase and budget. A few factors will determine if a credit card is best for you, and they include your credit history, needs, travel plans and goals.

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