Which Credit Card Is Best in South Africa
What is a credit card?
A credit card is a payment card issued by a bank to a client (cardholder) that allows the client to pay a merchant for products and services.
What is a credit card annual fee?
The annual fee on a credit card is the price levied by the card issuer to provide you with the credit card.
Do all credit card charge annual fee?
Some credit cards do not charge an annual fee, but others that offer benefits or incentives such as cash back charge annual fees ranging from $50/R 849 to $700/R 11,888.
Which credit card is best in South Africa?
The Virgin Money Credit Card is recognised as the best credit card in South Africa because it is suitable for low-income earners and does not impose an annual or balance transfer fee.
What are the benefits of a credit card?
1. Earn cash back or miles points as a reward.
2. No foreign transaction fees.
3. Increased purchasing power.
4. Interest-free cash withdrawals
5. Easy access to credit
6. Help builds your credit score
7. Ensures automatic payment of bills
What credit score is required in South Africa to obtain a credit card?
The ideal credit score for obtaining a credit card in South Africa is 560.
Which credit card is the easiest to get in South Africa?
The Nedbank Gold Credit Card is the most easily obtained credit card in South Africa.
How do you get a black card at FNB?
To be eligible for a FNB debit black card, you must earn a minimum of R1,500,000.00 per year in gross income or have assets of R15,000,000.00 or more.
How do I qualify for a credit card in South Africa?
The following requirements are needed to apply for a credit card:
1. Original ID document (must be 18 years or older)
2. Most recent salary slip
3. 3-month bank statement
4. The minimum salary requirement of R2 000
