Student cards are available to students attending at an accredited South African university. Owning a student credit card can be helpful for establishing a good credit record. This card makes it possible for students to access funds whenever they are needed.
Benefits offered by student credit cards:
Lower interest rates – owning a student credit card can offer convenient ways savings opportunities. Unlike traditional credit cards, these cards have lower interest rates.
Ability to make online purchases- with a student credit card you can transact online safely.
Safer option than carrying cash- having a credit card is convenient because you don’t have to worry about carrying a lot of cash around.
Travel insurance for travelling abroad – having travel insurance is helpful for travelling abroad. You never know whether you might lose some of your belongings.
Flat fee student credit cards offer convenient credit solutions. These cards make it easy to budget on a monthly basis because you know that you have a consistent rate to pay. You don’t have to worry about any fluctuations in the interest rate affecting the amount you have to repay.
The Nedbank Dezign Student Credit Card has a fixed fee of R18 per month, while the Absa Student credit card has no monthly fee.
Tips for students when looking for a student credit card:
- Don’t rush into any agreements
- Avoid taking more credit than you can handle
- Conduct your accounts well
- Check your credit profile regularly
Finding flat fee student credit cards is something that should be done after doing some research. It’s important that you make sure that you read the fine print carefully so you have a clear understanding of how the fee structure works.
To apply for an Absa student credit card, click here.
