Comparisonsmaster
Best Credit Cards to Own in South Africa
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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
