What is a Credit Card?
A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder’s accrued debt.
Cheap Credit Cards In South Africa
Standard Bank Gold Credit Card
The Standard Bank Gold Credit Card offers a competitive interest rate and a range of value-added services. The card comes with an initiation fee of R165 and a monthly fee of R40. It features rewards points for every R1 spent, complimentary travel insurance, and access to exclusive discounts on dining and entertainment.
ABSA Gold Credit Card
With the ABSA Gold Credit Card, cardholders enjoy a low monthly fee of R23 and a competitive interest rate. This card offers rewards points for every R1 spent, cashback rewards on certain purchases, and access to exclusive discounts and deals. Additionally, ABSA provides cardholders with free basic travel insurance and cellphone insurance.
FNB Premier Credit Card
The FNB Premier Credit Card boasts a monthly fee of R85 and offers a competitive interest rate. Cardholders earn eBucks for every R1 spent, which can be redeemed at various retailers or used for fuel purchases. This card also includes free comprehensive global travel insurance and access to exclusive lifestyle benefits, such as discounted flights and car rentals.
Nedbank Platinum Credit Card
Nedbank’s Platinum Credit Card has a monthly fee of R58 and offers a competitive interest rate. Cardholders earn Greenbacks rewards points for every R1 spent, which can be redeemed for cash, vouchers, or charitable donations. Additionally, this card includes complimentary travel insurance, access to airport lounges, and exclusive discounts on dining and entertainment.
Capitec Global One Credit Card
The Capitec Global One Credit Card is known for its simplicity and affordability. With a monthly fee of R40 and a competitive interest rate, this card is an excellent option for budget-conscious consumers. Capitec offers straightforward pricing with no hidden fees, and cardholders can enjoy free basic travel insurance and access to Mastercard Priceless Cities offers.
Discovery Bank Gold Credit Card
The Discovery Bank Gold Credit Card offers a unique rewards system that encourages healthy living. With a monthly fee of R60 and a competitive interest rate, cardholders can earn Discovery Miles for every R1 spent, which can be redeemed for cash, travel bookings, or partner vouchers. This card also offers free comprehensive travel insurance, access to exclusive discounts, and cashback on gym memberships and healthy food purchases.
Virgin Money Credit Card
The Virgin Money Credit Card offers no annual or monthly fees, making it an attractive option for cost-conscious consumers. Cardholders earn rewards points for every R1 spent, which can be redeemed for a variety of goods and services. This card also offers free basic travel insurance, exclusive discounts on Virgin Atlantic flights, and access to Virgin Money lounges.
TymeBank Credit Card
The TymeBank Credit Card offers a competitive interest rate and no monthly fees. Cardholders earn rewards points for every R1 spent, which can be redeemed for cash or used at participating retailers. This card also includes access to exclusive discounts and deals, making it an excellent choice for budget-savvy consumers.
Investec Private Bank Account Credit Card
Designed for high-net-worth individuals, the Investec Private Bank Account Credit Card comes with a higher monthly fee of R299 and a competitive interest rate. Cardholders earn reward points for every R1 spent, which can be redeemed for a range of luxury goods and experiences. This card also offers complimentary travel insurance, access to airport lounges, and exclusive benefits tailored to affluent lifestyles.
What is the best credit card to use in South Africa?
A: Some of the best credit cards available in South Africa include the Absa Premium Credit Card, Standard Bank Platinum Credit Card, FNB Premier Credit Card, Nedbank Platinum Credit Card, and Capitec Credit Card.
What credit cards are used in South Africa?
Visa and MasterCards are widely accepted in South Africa. For cash withdrawals, use any of South Africa’s major banks’ ATMs e.g. Nedbank, Standard Bank, Capitec, First National Bank, or Absa.
How to get a credit card for the first time in South Africa?
You need to be over 18 years old. You need to live in South Africa and have a valid South African ID or a valid passport and work permit. You need to earn at least R5,000 a month before tax and have a healthy credit score.