in choosing your credit card. This is why you need to know the top 10 credit cards for South Africans in 2022.
There are many things that you need to look at before you can decide which credit card you should apply for. And, it is important to make sure that you don’t apply for too many credit cards. It will lower your credit score which will result in you not getting one. If this is the first time you are getting a credit card, then you might want to know everything you can about credit cards. To ensure that you make the right decision.
South Africans use their credit cards more frequently
Why are there so many different credit card options in South Africa? And, this is why it is so hard to find the right one. South Africans are using their credit cars a lot more than a couple of years back. Financially some people aren’t getting through the month with their salaries. And, when there is an emergency, then they need something to fall back on. And, this is why they are getting a credit card.
Because of the different amounts of credit cards, it is hard to find the right one. You need to make sure that you do enough research before you decide which of these top 10 credit cards is the right one for you. You can’t afford to make the mistake of choosing one that you can’t afford or can’t repay.
The top 10 credit cards for South Africa in short
There are a lot more credit card options than these top 10 credit cards we have listed here. However, we are just making sure that you know which ones are known as the best among all the options in South Africa. Even, if you are getting any one of these cards, you need to make sure that you can actually afford the repayments.
Capitec global one credit card
The first credit card that we are reviewing is the Capitec global credit card. With this credit card, you are getting 1% back on your monthly spending on the card. Their interest rate is great, and they are offering a 55-day interest-free period. These are some important things you need to know about the Capitec global credit card.
- You pay zero fees for payments made in South Africa.
- You can get a credit limit of up to R500 000, depending on what you can afford
- Gives you an interest of 8,25% per year.
FNB Gold credit card
To get your FNB Gold credit card, you need to get an income of R7,000 and you will need to pay a service fee of R51 each month. They are also offering a couple of great benefits when you do qualify for the card.
- 8% interest rate per year
- 55 days interest-free purchases
- Unlimited free swipes
- 15% back in eBucks when you purchase as Checkers
American Express Gold Credit card
One of the most popular top 10 credit cards. The great thing about the American Express gold credit card is the fact that the salary requirement isn’t as high as with other credit cards. You need to make a monthly salary of just R5 000 in order to qualify and their fees are just R32 per month. There are many other benefits that you can enjoy when you have this credit card.
- Getting a monthly lifestyle voucher
- A welcome offer when you activate your new card
- Get basic travel insurance for up to R4million
Nedbank Gold Credit card
Qualifying for this credit card isn’t as difficult as with other credit cards. You will need to have a monthly income of R5 000 and will need to pay a monthly fee of R40. You will get greenbacks on all your spending that quality for greenbacks. There are also some other benefits that you need to know about.
- Zero charges on car swipes
- 55 day interest-free purchases
- Flexible repayment options are available
Standard bank titanium Credit card
The Standard bank titanium Credit card is designed for those that are getting a higher income. So, if you are getting an income of R25 000 per year, this is the card for you. You can get a limit of R250 000 if you qualify. You will also get some free global travel insurance.
- 55 day interest-free repayment
- Flight discounts when using your credit card
- Low monthly fees
African Bank Gold credit card
One of the top 10 credit cards comes from African bank. African bank is known for its low fees and high-interest rate. This is no different with their African bank gold credit card. Their interests are annual and are calculated according to your personal APR.
- Credit card life insurance
- Basic travel insurance
- 60 day interest-free payments
Top 10 credit cards: FNB Premier credit card
If you are looking for a credit card for everyday use, then the FNB premier credit card is the one to consider. However, this is also for the higher income clients with an income of R20 000 and higher. Monthly fees are a bit higher than other credit cards at R92 per month.
- Free global insurance
- Cashback with eBucks
- Free national and international slow lounge visits
American Express Platinum Credit card
The American Express Platinum credit card, one of the top 10 credit cards, is for those that are getting a salary of R16,600 per month or more. There are some great benefits of having this credit card. However, their monthly fees are really high.
- R4million basic travel insurance
- Flight discounts on selected airlines
- Annual interest rate between 15 to 20,5%
Standard bank World citizen credit card
To qualify for the Standard bank world citizen credit card, you will need to have a monthly income of R25 000 or more. And, you will need to pay a monthly fee of R264 per month. However, there are many benefits of using this card.
- Free global travel insurance
- 55 days of interest free repayments
- Get visits to any national or international LoungeKey lounge
Nedbank classic credit card as one of the top 10 credit cards
Last of the top 10 credit cards, but for sure not the least popular, is the Nedbank classic credit card. This is ideal for the lower-income people and the monthly fee isn’t as high either. These are the reasons why you should consider getting this card.
- Low monthly fee of R30
- Basic travel insurance
- 55 days of interest free repayments
If you are looking for one of the top 10 credit cards for South Africa, then you are at the right place. There is a large selection of credit cards you can consider, and we are making it easier for you to decide which one is perfect for you. You should take your time and compare the different credit cards, to get the one that will be best suited for you.