Having access to credit cards is often considered to be more of a necessity than a luxury nowadays. The high cost of living has pushed many people towards seeking credit solutions to help them keep up with rising costs. The key to managing debt has often proven to being able to ensure that you aren’t paying too much in interest amounts.
When you are looking for the best credit cards to have, you’ll want to make sure that you compare interest rates.
Leading comparison site Clickn Compare has rated the best credit cards to have in South Africa as follows:
BlueBean Silver Credit Cards
This card comes with a 4.75% interest rate as well as a 55 day interest-free period. For a R25 monthly fee, The BlueBean Silver credit card also offers Rewards such as Roadside and Home Assist, making it one of the best credit cards to have.
FNB Classic Credit Cards
These credit card offers a personalised credit limit of between R3000 and R35 000, along with unlimited free swipes.
55 days of interest free credit is offered, while applicants must have a minimum salary of R6666. For a R34 monthly fee, clients can benefit from a 14% interest rate.
Absa Gold Credit Cards
With a competitive interest rate of 18%, these credit cards offer up to 57 days of interest free credit. To qualify for this credit card, individuals need to earn a monthly salary of R4000 per month. For a R25 monthly fee Absa Gold Credit Card holders get to access Visa privileges with discounts or complimentary vouchers when travelling, dining or shopping.
Cardholders can also get up to 155 of your qualifying purchases back in CashRewards.
Nedbank Classic Credit Cards
This card comes with a balance transfer option to transfer credit card debt held at another financial institution and save on interest. Up to 57 days’ interest-free credit is offered for a monthly fee of R24.