List of the Best Credit Cards in South Africa
One of the best credit card in South Africa is the Capitec GlobalOne Credit Card. It offers a low interest rate of Prime to the repo rate plus 14% and no annual fee. It also comes with travel insurance and discounts, depending on your provider. Other great credit cards to consider include the Standard Bank Titanium Credit Card, the African Bank Gold Credit Card and the Nedbank Platinum Credit Card.
How to Choose the Right Credit Card
To choose a credit card, start by reviewing your credit to see what you’re likely to qualify for. Then consider what type of card you want and what the card’s benefits are. Think about how you’ll use the card, such as whether you want cash back, rewards points, airline miles, or a low-interest rate. Next, determine the interest rate and monthly costs associated with the card. Finally, shop around for the best deal and read the fine print to make sure the card is right for you.
Below is a List of Some the Best Credit Cards in South Africa
Standard Bank Gold Credit Card: The Standard Bank Gold Credit Card is a first-tier credit card with a credit limit of R250,000.00. It offers exclusive perks such as 12GB AlwaysOn WiFi, free automatic travel insurance, and more. Qualifying income is R8,000 per month. Our service fees range from R40 to R199 per month depending on the Credit Card. Interest rates are personalised ranging from a minimum of 10.25% (prime – 0.25%) to a maximum of 21% (Repo rate + 14%) as per the NCA regulation. Your monthly repayment for your Credit Card is a minimum of 3% of your outstanding balance. An upfront, once-off initiation fee of R180 also applies. Your Visa Gold card is accepted at tens of millions of merchants worldwide.
FNB Premier Cheque Card: The FNB Premier Cheque Account is a cheque account available to individuals with annual incomes ranging from R240,000.00 to R849,999.00. The account offers world-class banking at only R185 pm. You get 24/7 access to a team of bankers and enjoy rewards that will make a difference in your life. The account also offers unlimited check writing and free stop payment requests. You also get convenient access to cash with surcharge-free cash access at more than 1,100 FNB ATMs and no FNB fee for using non-FNB ATMs. The FNB Premier Cheque Account also comes with a debit card and free internet banking. The account also offers balance enquiry and statement services at both Bank Branch and Own Bank ATMs.
Nedbank Greenbacks Rewards Credit Card: Nedbank Greenbacks Rewards Credit Card is a great choice! With this card, you can earn Greenbacks every time you use it. You can earn 1 Greenback every time you make an eligible purchase, and you can redeem your Greenbacks for travel discounts, cash back rewards, and other exclusive deals. You also get access to automatic travel insurance cover and local airport lounge access. It’s the perfect way to get rewarded for your spending.
Discovery Vitality Credit Card: The Discovery Vitality Credit Card offers rewards based on your engagement in Vitality programmes, Discovery products, and monthly qualifying card spend. You can earn up to 10 Discovery Miles for every R1 reward you earn back. You can also use the card to get up to 20% off airtime, data, SMS bundles, water, and electricity, and you can even donate your Discovery Miles to help the South African COVID-19 Solidarity Fund. Plus, you get up to 55 days of interest-free credit for select credit card transactions, as well as built-in full transactional protection. Credit initiation and service fees apply. Interest will be charged on purchases and balance transfers.
Absa Rewards Credit Card: Absa Rewards Credit Card is a rewards program exclusively for holders of ABSA Debit and Credit Cards. Rewards are earned when cardholders make purchases with their card. Advantages of the card include up to 0.5% cashback rewards on all purchases, discounts from 100+ local merchants, and up to 57 days interest-free on qualifying transactions. There is no transaction fee on purchases, and you can make fixed monthly payments. You can also use the Rewards Estimator which is a cashback calculator that lets you work out how much you could earn with Absa Rewards. Moving up the tiers is very easy and it’s also a great way to earn even more Cash Back.
Best Credit Card Rewards Program South Africa
Several credit card rewards programs are available in South Africa, and the best one for you will depend on your specific needs and preferences. Some popular options include the Standard Bank UCount Rewards program, the FNB eBucks program, and the Discovery Miles program.
Each of these programs offers a range of rewards and benefits, such as cashback, discounts on travel and merchandise, and access to exclusive events and experiences. You should research and compare the different rewards programs to find the best one for your exact needs.
