Stand-alone credit card account comparison for South African banks

[Jan]

Best credit card deals from South African banks

Many of South Africa's major banks offer entry-level credit cards with minimal monthly fees that can help young consumers start building a good credit score.

These cards often also come with some added value in the form of membership to banks' rewards programmes and other perks like free travel insurance.

 

[Solitude]

The minimum monthly income appears to be wrong on some of them. However, I didn't read the article so it may just be me.

But surely you don't need R84 000 per month to have an FNB Aspire account?

 

[G.A.S]

I miss my R0-per-month Virgin Active card...

 

[bwana]

Discovery requires a r100k minimum income monthly? And FNB r84k? Seems a little high @Jan

 

[Jan]

Discovery requires a r100k minimum income monthly? And FNB r84k? Seems a little high @Jan

That's what their docs seem to say.

These are for standalone accounts. If you take bundles from them, that comes down.

 

[Dylan_G]

/in before "cReDiT CaRdS ArE BaD" and "only an idiot would want a credit card"

 

[bwana]

That's what their docs seem to say.

These are for standalone accounts. If you take bundles from them, that comes down.

Their landing page says yearly?

 

[cr@zydude]

Best credit card deals from South African banks

Many of South Africa's major banks offer entry-level credit cards with minimal monthly fees that can help young consumers start building a good credit score.

These cards often also come with some added value in the form of membership to banks' rewards programmes and other perks like free travel insurance.

Not sure when you guys did the research but Capitec cards now work with Google Pay. Capitec credit cards also pay users 1% on all swiped/tapped/scanned/online purchases.

 

[GhostSixFour]

That's what their docs seem to say.

These are for standalone accounts. If you take bundles from them, that comes down.

Annual seems to imply per year..

 

[ToxicBunny]

Wow... giving a Credit Card to someone who earns R84k per year seems like crazy reckless lending in my opinion.

 

[B-1]

I miss my R0-per-month Virgin Active card...

Same, still haven't gotten a replacement and just using my check card.

 

[GhostSixFour]

Wow... giving a Credit Card to someone who earns R84k per year seems like crazy reckless lending in my opinion.

Credit limit = R500.

 

[ToxicBunny]

Credit limit = R500.

TBH, given what I've seen of the banks... I wouldn't be surprised to see R10k credit limits on those cards.

Especially what FNB offered me on my card a few years ago... it was just retarded.

 

[GhostSixFour]

TBH, given what I've seen of the banks... I wouldn't be surprised to see R10k credit limits on those cards.

Especially what FNB offered me on my card a few years ago... it was just retarded.

Probably have a high percentage of losses priced into their business model then. Bastards.

 

[Jan]

Their landing page says yearly?

Thanks, I have slapped @Hanno Labuschagne with a large trout.

Also myself, for not catching it.

 

[ToxicBunny]

Thanks, I have slapped @Hanno Labuschagne with a large trout.

Also myself, for not catching it.

 

[cr@zydude]

Wow... giving a Credit Card to someone who earns R84k per year seems like crazy reckless lending in my opinion.

I think that it's about how a person uses a credit card. My limit has been above the value of my car for years but I still only use the card for monthly expenses and pay it off in full each month.

 

[supersunbird]

Wow... giving a Credit Card to someone who earns R84k per year seems like crazy reckless lending in my opinion.

All depends on what the limit is, a R1000 limit would not be reckless, a R100 000 one would be.

 

[GhostSixFour]

Thanks, I have slapped @Hanno Labuschagne with a large trout.

Also myself, for not catching it.

What salaries is @rpm paying you guys that you didn't pause and think of the implications?

 

[Dolby]

I have slapped @Hanno Labuschagne with a large trout.

I have not heard that phrase in a while