Which credit card to get?

Looks like lots of people have been burnt from CC (+ me ) on this forum
 
Airwolf : I bank with all 4 of the major ones, and they ALL try screw me in different ways...

feo : I know, I was just clarifying my stance on the whole thing, I know you're smarter than trying to abuse a credit card :)

That FNB card looks like it will cost you in the region of about R350 pa... (including the ebucks charge of R160pa), though I'm not finding it easy to see the interest attached to the card.. but I'm guessing it'll be in the region of 20% for a credit balance, and like 2 or 3% otherwise..
 
Honestly there is very little difference between the cards. They all offer around 55 days interest free credit. Apart from that - some offer rewards, others offer free flights/miles, others give something to charity. So not really much to choose between them. If you keep your balance positive you will earn pretty much the same interest.

So, your options are:
Discovery Credit Card (SA's Discovery) - 25% off pick 'n pay healthy food purchases + earn discovery miles (https://www.discovery.co.za/index_l...miles_benefit/the_discovery_miles_benefit.xml)

SAA Voyager - earn voyager miles to reeem for flights (powered and issued by Nedbank). http://www.plastiq.co.za/products-overview.asp?subID=2&gclid=CMPpqI7-kZsCFQJvswod_mE5pg

FNB - earn ebucks - https://www.fnb.co.za/personal/borrow/creditcards/goldcredit.html

Virgin Money: no card fees and earn slightly more interest. No rewards programs.

Edit: yoy can research the rest yourself - these are the cards I have.
 
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ToxicBunny said:
Airwolf : I bank with all 4 of the major ones, and they ALL try screw me in different ways...
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Why do you bank with all the banks?:confused: The more accounts you have the more bank charges you end up paying.

ToxicBunny said:
feo : I know, I was just clarifying my stance on the whole thing, I know you're smarter than trying to abuse a credit card :)

That FNB card looks like it will cost you in the region of about R350 pa... (including the ebucks charge of R160pa), though I'm not finding it easy to see the interest attached to the card.. but I'm guessing it'll be in the region of 20% for a credit balance, and like 2 or 3% otherwise..
Click to expand...

That's 20% on debit and 2-3% on credit balances;).
 
To everyone saying you shouldn't get a credit card please shush. Responsible use of a credit card can actually save you money. Not everyone uses their card to spend money they don't have.
 
my professional (i work for a bank) and personal opinion is use VIRGIN.

same as the four major banks (infact i think they use absa as there finance house for the cc) and the customer service is excellent (well it has been everytime i had something to query or update my details etc).

the other banks might offer a little more but i will stay with virgin because of there customer service. the banks are a mission and a half !
 
I always wanted to know... do they charge you for putting money on the Virgin money card ? It sounds like a really good option otherwise.
 
You pay a R30 deposit fee (if I recall correctly) to deposit money/cheques into your Virgin CC. The best way is to have a savings account at ABSA, do deposits to the savings account and transfer money to the Virgin CC.
 
Smurfatefrog said:
In that case get a Virgin one, there are no fees and they offer the best positive balance interest rate
Thats exactly what i use mine for, i keep any spare money on the card & earn interest, & use it when needed
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Wouldn't it make more sense to use the spare money to remove some of your other high interest debt?
 
Stay away from american express... this year they have been phyiscally incapable of sending out statements and dont listen to you when you do address changes or take notice when you request them to send an electronic statement.
 
feo said:
The form you have to fill in looks very dodge. For example, this morning when filling the form out, I answered no to some questions and it kept changing my answer to yes. :sick:

Will try it properly later.
Click to expand...

I can't really remember much about the application process. I do know I completed it in one sitting. After a week I got a call that I have to submit audited income statements from an accountant (since I own my own business). Thought it was too much hassle so decided to pass. The following day got another call saying I was approved and my card was on the way.

Don't know what happened, but I've been using it very happily since then as a savings account of sorts.
 
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