Entry-level credit card deal comparison - April 2024

Jan

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Best credit card deals in South Africa

Credit cards offer a cost-effective and fast way of buying products and services online and in-store, and several entry-level options are available to South African residents through the country's major banks.

These credit card accounts have low monthly fees and personalised interest rates and offer at least 55-day interest-free periods if your account is paid in full.
 
FNB. Jumping through some hoops I get an expensive Kauai smoothie and some weeks I get an expensive Starbucks coffee / frappuccino. Every few months I also get a stale Wimpy burger for free.
 
A credit card is great if you treat it like cash, have a R0 budget facility, and pay the entire balance every month.

But a credit card is also a great way to bankrupt yourself and pay the bank absurd amounts of interest if you don't do the above.
 
If you apply for an overdraft on your cheque account, you pay a much lower interest rate than a credit card, and yet it works exactly the same.

However for online shopping many banks offer a virtual card which you can use for no monthly maintenance fee.
 
A credit card is great if you treat it like cash, have a R0 budget facility, and pay the entire balance every month.

But a credit card is also a great way to bankrupt yourself and pay the bank absurd amounts of interest if you don't do the above.
Thats spot on.
 
However

1. For travel the best card to have is the American Express Platinum, which gives you VIP discounts to hotels and airlines etc.
2. Otherwise the Nedbank cards are popular for lounge accesses etc.

From my experience Nedbank probably is the tops for wealth and travel, however its between Std Bank and FNB for loyalty rewards. Ie if you move a lot of products to Standard and score Ucount you can get R10 a liter back compared to the R0.25 per liter Nedbank offers you. FNB has other local benefits.

Standard Bank generally is crap for travelling and you need to spend R15k a month average on your World Citizen card to get lounge access, just not worth it.

Maybe a good article can be about Loyalty Programs for travelling ie Hilton Honours, Sun MVG, etc
 
I keep a credit card (pay it off every month) because some flights, car hire, hotels, tolls, etc. require a credit card and won't accept a debit card.
 
Getting very close to paying off my Capitec credit card. Another two months or so and then it should be clear. Won't be closing it though. It will be there for emergency only.
 
Getting very close to paying off my Capitec credit card. Another two months or so and then it should be clear. Won't be closing it though. It will be there for emergency only.
Oh and to add...I buy everything on credit card and then immediately transfer money back from savings account....for the rewards. Lol.
 
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