Best Credit card

[rudivdw]

I just decided against Discovery, they brag about their 10% cash back on certain items, but if you read the fine print:

Your maximum discountable spend at partner stores is limited to 30% of your total DiscoveryCard spend in that statement period, with your total cash back calculated on a limit of R10 000 spend at all DiscoveryCard partner stores.

That means, for example, since they have the iStore as one of their partners, for which I can get a 10% cash back (R700 on the biggest iPad) - I can only get that R700 back, if the cost of the item (R7000) is at least 30% of the total I have spent on the credit card that month, which in this case is more than R23000!

Or am I understanding it wrong?

[Ecco]

Which is the best credit card out there currently. I'm looking at a silver or gold one. Also, I'm with discovery life, so getting theirs is an option as well. But that is more expensive than a FNB card for example.

What do you recommend?

In my opinion the best credit card is one which is the cheapest or which provides the best benefits for the lowest annual fee.

I don't actually make use of the credit facility - for others, the interest rates will also matter.

[AniV]

I recommend Virgin. They give 55 days interest free, they have some great positive balance interest. We've never had any problems dealing with complaints and queries. We also have our home loan with them.
Ultimately, having zero card fees is the best. You never have to worry about swiping. The only thing to know about Virgin is that you should decide in advance whether you want to work in the red or the green. Every time you cross the 0 mark between red and green you pay a fee. So choose a side and stick to it.

[RustyPrincess]

The only issue with virgin, is that you have to provide FICA documents everytime, they renew your card. Difficult when all my mail goes to my post box or email, and I live with my parents. Lets hope I have no issues when they deliver my new cards tomorrow.

Sent from my GT-I9000 using MyBroadband Android App

[deekay]

I just decided against Discovery, they brag about their 10% cash back on certain items, but if you read the fine print:

Your maximum discountable spend at partner stores is limited to 30% of your total DiscoveryCard spend in that statement period, with your total cash back calculated on a limit of R10 000 spend at all DiscoveryCard partner stores.

That means, for example, since they have the iStore as one of their partners, for which I can get a 10% cash back (R700 on the biggest iPad) - I can only get that R700 back, if the cost of the item (R7000) is at least 30% of the total I have spent on the credit card that month, which in this case is more than R23000!

Or am I understanding it wrong?

Too me it sounds like the most you can get back is 30% of your spend. So while you may not get R700 back you will get up to 30% of your total, it says "limited" so you can get whatever 30% of your total is.

[Tosser]

The only issue with virgin, is that you have to provide FICA documents everytime, they renew your card. Difficult when all my mail goes to my post box or email, and I live with my parents. Lets hope I have no issues when they deliver my new cards tomorrow.

Sent from my GT-I9000 using MyBroadband Android App

I haven't experienced this when I received my new card.

Sent from my computer using windows why do people feel that I need to know this.

[Ancalagon]

They are saying maximum cashback is R3000. Their limit for their calculations is R10000, 30% of which is R3000.

[Imagine...]

Check out thinkmoney.co.za

[Refraction]

The best credit card is the one in 30 pieces in the trash can

[Dolby]

Slightly (very slightly!) off topic - but Amex phoned me and said I was preapproved for a card.

I'm moving in a few months, so it extra credit could come in handy, and I asked what the limit is. Her reply was that I'd know when I collect the card, as they have to credit check etc etc which I understand.

I said 'surely you mean once I've faxed those - but before you send the card?' but she was adament I have to collect the card. WTF?

Told them to keep it :/

[pathseaker]

Virgin is the best no fees sort out your stuff online Love it

[mak2000]

Woolies Credit Card is good if you shop a lot a Woolworths

[NiTeD]

VM is the best,one rate, no budget or straight. No annual fees, had to pay R120 pa with Fnb.

[Cost Conscious]

I looked at the market & as soon as I saw that *anks here charge a monthly or annual charge - I passed.

I recently noticed an ad for Virgin and discovered that they do not charge a monthly fee, so I signed up. Weird thing is that ABSA is the bank behind, and they are under-mining their own-brand chargeable credit cards (lowest charge R14 a month).

I come from a place where you get a CC at no charge, because the banks make their money on merchant commission. Here in SA, the *anks "burn the candle at both ends".

I've heard Capitec will bring out their long delayed own CC 1Q13.

[Reaver.ZA]

agreed, I benefit significantly from the Partner discounts, especially with regards to HealthyFoods in combination with DiscoveryCC which ultimately translates into the 75% Medical Savings Booster.

Edit: NVM. old post...