Compare Credit Cards from South Africa’s Top Five Banks

10th Feb 2017

Choosing the right bank to get a credit card from can be just as difficult as choosing the type of credit card you want. So below a comparison of basic and high-income credit cards from South Africa’s top five banks. These are provided to assist you in this challenging task. Here we will compare credit cards from South Africa’s top 5 banks.

ABSA – Compare Credit Cards from South Africa’s Top 5 Banks

Compare Credit Cards from South Africa’s Top 5 BanksAbsa Platinum Credit Card

Requires a minimum monthly income of R25 000. So an initiation fee of R150 applies and a monthly fee of R40 is applicable. Rewards include access to expert financial advice and exclusive offers and discounts.

Absa Transact Card

Requires a minimum monthly income of R2000. So an initiation fee of R150 applies and a monthly fee of R5 is applicable. Advantages include free transactions on qualifying purchases. And this card is a great credit card to use when wanting to start building your credit rating.

FNB – Compare Credit Cards from South Africa’s Top 5 Banks

FNB Classic Credit Card

Requires a minimum monthly income of R7000. So an initiation fee of R165 applies and a monthly fee of R24 is applicable. Rewards include eBucks and an advantage is a personalised credit limit.

FNB Premier Credit Card

Requires a minimum monthly income of R30 000. So an initiation fee of R165 applies and a monthly fee of R63 is applicable. Rewards include eBucks and free comprehensive global travel insurance.

NEDBANK

Nedbank Classic Credit Card

Requires a minimum monthly income of R3000. So an initiation fee of R165 applies and a monthly fee of R24 is applicable. Advantages include an extended credit facility.

Nedbank Platinum Credit Card

Requires a minimum monthly income of R30 000. So an initiation fee of R165 applies and a monthly fee of R58 is applicable. Advantages also include an extended credit facility and rewards include extensive travel benefits.

STANDARD BANK

Standard Bank Blue Credit Card

Requires a minimum monthly income of R5 000. So an initiation fee of R145 applies and a monthly fee of R49 is applicable. Advantages include access to various rewards and basic automatic travel insurance.

Standard Bank Gold Credit Card

Requires a minimum monthly income of R5 000. So an initiation fee of R145 applies and a monthly fee of R35 is applicable. Advantages aslo include lower interest rates and access to priceless Africa rewards.

Standard Bank Titanium Credit Card

Requires a minimum monthly income of R25 000. So an initiation fee of R145 applies and a monthly fee of R42 is applicable. Advantages also include no transaction fees on purchases and free secondary cards.

CAPITEC

Global One Credit Card

An affordability assessment is done based on your monthly income. So No fixed salary requirement is set.  An initiation fee of R100 applies and a monthly fee of R50 is applicable. So advantages include chargeback protection, lost card protection and travel insurance.

So taking the above into consideration. You can choose a credit card company that will meet your needs with more ease. Also, by comparing the basics regarding low and high-income credit cards. You can get an idea of what the above five credit card issuers can offer you.

All info was correct at time of publishing