Best Credit Cards to Own in South Africa

There are many different credit cards to choose from, but not all of them will be the best choice for you. There are different interest rates, qualifications, credit limits, terms and conditions and special features and benefits. The card you choose should fit your needs and situation.
There are many different credit cards to choose from, but not all of them will be the best choice for you. There are different interest rates, qualifications, credit limits, terms and conditions and special features and benefits. The card you choose should fit your needs and situation.

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Using a credit card offers a great convenience and is even a necessity for online purchases and payments. However, a credit card also can cause you trouble, especially if you don’t understand and follow all the terms and conditions. Therefore, it is necessary to know and understand all the details about a particular credit card before you sign up for it. You should also see what benefits a credit card might give you (such as discounts and perks) when choosing a card. Below are listed some of the best credit cards in South Africa.

Using a credit card offers a great convenience and is even a necessity for online purchases and payments. However, a credit card also can cause you trouble, especially if you don’t understand and follow all the terms and conditions. Therefore, it is necessary to know and understand all the details about a particular credit card before you sign up for it. You should also see what benefits a credit card might give you (such as discounts and perks) when choosing a card. Below are listed some of the best credit cards in South Africa.

Capitec Global One Credit Card

Qualifying Income: R5,000+ per month

Interest Rate: 7% – 17.5% depending on credit score

Enrollment Fee: R100

Monthly Fee: R40

Maximum Credit Line: R250,000

Benefits: 55 days interest free; no currency conversion fees

FNB Gold Credit Card

Qualifying Income: R84,000+ per year

Interest Rate: Variable and competitive, depending on credit score

Enrollment Fee: R175

Monthly Fee: R89+

Maximum Credit Line: R60,000

Benefits: 55 days interest free; shopping points awards; free travel insurance

Absa Premium Banking Credit Card

Qualifying Income: R25,000+ per year

Interest Rate: 17.5%

Enrollment Fee: R167

Monthly Fee: R59

Maximum Credit Line: R138,000

Benefits: 57 days interest free; shopping points awards; free travel insurance; 3% minimum monthly payment

Nedbank Greenbacks Credit Card

Qualifying Income: R100,000+ per year

Interest Rate: Variable, depending on credit score

Enrollment Fee: R190

Monthly Fee: R20+

Maximum Credit Line: Variable, depending on income and credit profile

Benefits: 55 days interest free; shopping points awards; free travel insurance

Standard Bank Titanium Credit Card

Qualifying Income: R25,000+ per month

Interest Rate: 7.25% – 17.75%, depending on credit score

Enrollment Fee: R180

Monthly Fee: R74

Maximum Credit Line: R250,000

Benefits: Free travel insurance; various shopping and car rental discounts

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