Best Credit Cards in South Africa

        Best Credit Cards in South Africa

You have been thinking about getting a credit card lately but where to begin with so many options available. In this article, we explore 7 different credit card options in South Africa. We have organized the credit cards in categories.

R300 000
Loan amount R500 - R300 000
Interest 10,25 %
Maturity 12 - 72 months

Fast information

Properties of this loan

  • Personal loans up to R300.000
  • Term 12 - 72 months

Loan requirements

  • SA ID number
  • Proof of residence not older than 3 months
  • 1 month's payslip
  • Last 3 months’ bank statements, if you don't bank with us

About company

More information about the company Standard Bank

Borrow from R500 with interest from the 10,25 % Moread
R250 000
Loan amount R10 000 - R250 000
Interest 15 %
Maturity 7 - 72 months

Fast information

Properties of this loan

  • Online loans up to R250.000
  • Term 7 - 72 months
  • Cash in your account within 24 hours

Loan requirements

  • Most recent proof of income, reflecting 3 salary deposits
  • You must be over 18 to apply for a Loan
  • Proof of residence not older than 3 months
  • Latest bank statement, reflecting 3 salary deposits

About company

More information about the company African Bank Limited

Borrow from R10 000 with interest from the 15 % Moread
R50 000
Loan amount R1 000 - R50 000
Interest 79 %
Maturity 6 - 24 months

Fast information

Properties of this loan

  • Online loans up to R50.000
  • Term 6 - 24 months

Loan requirements

  • A valid SA ID
  • 3 latest payslips or 3 latest bank statements
  • Must be permanently employed and earning a monthly salary
  • A valid cell phone number
  • A valid SA bank account
  • Must be 18 years or older

About company

More information about the company Capfin SA (Pty) Ltd

Borrow from R1 000 with interest from the 79 % Moread
R150 000
Loan amount R5 000 - R150 000
Interest 27,75 %
Maturity 2 - 6 years

Fast information

Properties of this loan

  • Online loans up to R150.000
  • Term 2 - 6 years

Loan requirements

  • A regular monthly income of at least R5 000
  • A clear credit record
  • Your last 3 months' payslips or bank statements
  • A clear copy of your ID document
  • Details of your bank account into which your salary is paid
  • A recent document confirming your residential address

About company

More information about the company FirstRand Bank Ltd.

Borrow from R5 000 with interest from the 27,75 % Moread

        Best Credit Cards in South Africa

7 Best Credit Cards in South Africa

Fixed interest credit cards

The Silver credit card from African Bank comes with a fixed interest of 20.5%.  There are no charges on initial fees and you spend R69 on the card’s monthly fee.

Benefits 

  1. The first two months are interest free.
  2. They offer 2% interest for credit cards with positive balances.
  3. They do not charge initial fees.
  4. You get free SMS updates after every transaction - it is easier to track your expenditure.

Woolworths Gold Credit Card

The Woolworth Gold credit card lets you shop for groceries and clothing in SA.  Gold credit card is one of the existing tiers that Woolworths offers. Interest rate is fixed at 21% while the monthly fee falls at R50.43.  You start with an initial fee of R161.40, and your salary must be at least R3000. 

Woolworths Credit Card comes  with the following benefits:

  1. The first 55 days are interest free. 
  2. You get 2% back if you use vouchers.
  3. Also, you get 1% back the money you spend on fuel.
  4. 3% money back when you quarterly purchases in their stores.

Variable interest rate credit card

Capitec offers affordable loaning and credit cards services to low income earners and the middle class. It charges a variable interest on its credit card, 15-20.5%. You only pay a monthly fee of R35 while the initial starting fee is R100. To apply for this credit card, your monthly salary must be above R3000.

Benefits 

  1. You will not pay fees for the 1st 55 days.
  2. You can take credit of up to R150,000.
  3. The bank does not charge currency conversion fees on international transactions.
  4. There is a credit card management app. 

African Bank Gold Credit Card

The African Bank Gold Credit Card charges a variable interest of 15- 27.75%, a fee of R69 per month, and zero initial deposit. You must be earning a monthly salary of R8000 to get this credit card.

Benefits 

  1. The 1st 60 days are interest free
  2. They pay 3% interest on positive balances
  3. There is no initial fee

No minimum monthly salary or monthly fee required

Woolworths silver credit card

Woolworths silver credit is the most-affordable. With this credit card, you don’t pay any minimum monthly salary or monthly fee. Also,the bank does not charge an initial fee.  The card’s interest rate is 21%.

Benefits

  1. You get 1% back on voucher and money spent on fuel
  2. The first 55 days are interest free

International credit card

American Express has a total of three credit cards: platinum, gold and blue. Today we will discuss the platinum credit card.

Their Platinum credit card charges variable interest of 15-20.5%, a monthly fee of R60.53, and an initial fee of R189.5. American Express does not consider your salary when you apply for this credit card.

If you travel a lot, this is the ideal credit card for you. They have excellent travel connections and incentives.

Benefits 

  1. The balance transfer is at 9.9% for the first 6 months
  2. You get free access to Bidvest airport lounges for the 1st 8 visits
  3. flights booked with Heartz you have discounts
  4. You earn points for every R5 spent

Travel credit card

Kulula credit card allows you to earn points that you can redeem to get free flights.  FirstRand bank offers this travel credit card. The credit card has a variable interest rate of between 15% and 20.5%. It has a monthly fee of R40.35, and an initial starting fee of R165. To apply for this credit card, you must be earning a minimum salary of R6700.

Benefits

  1. You get up to 3% money back
  2. A free global travel insurance
  3. The 1st 55 days are interest free
  4. Whenever you swipe you earn points - these points can pay for British Airways flights.
  5. Personalized interest rates

Last word…

There you have it, 7 best credit cards in South Africa. It is up to you now to make a decision. You can always find a card that suits your financial needs from the list above. 


Best Credit Cards in South Africa rating: 4.5/5 from 839 votes.
Lincoln Ndirangu Lincoln Ndirangu(LinkedIn)
Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...

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