Online and in-person transactions involving South Africans are becoming increasingly popular. The question is, which credit card is the most appropriate for you?

Even if each credit card has its own set of terms and restrictions, there are some general principles to follow to ensure that you make the best decision possible.

First and foremost, you must determine whether your existing bank or retailer offers reward points or cash back. This will be the most important factor in determining whether or not this card is beneficial to you.
Some store cards provide unique discounts when purchasing specific items, while others provide additional on-the-spot perks such as the waiver of late payment penalties.
Credit cards, of course, carry interest rates, so it’s crucial to understand what they are before deciding on one of the available options. In the case of a low interest rate but no desire for cash back, you could opt for a 0% APR loan.

Table of Contents

Best Credit Cards in South Africa 2022

1. Standard Bank Titanium Credit Card

✔️ Pros ❌ Cons
High credit limit offered High interest rate when compared to other credit cards
Industry standard 3% minimum repayment Monthly fee applicable on most accounts, Prestige Account is the only exception to this
Interest-free period of 55 days for payments made before the due date
Low initiation fee that is once-off
Reasonable minimum income requirements
Services can be customised
Variety of benefits offered

2. Virgin Money Credit Cards

Pros and Cons

✔️ Pros ❌ Cons
Exclusive rewards and benefits Unpaid amount on the balance transfer reverts to the cash advance rate
Irregular detection with FraudShield
Lost card insurance
No monthly or annual fees
Up to 4 additional cards offered at no additional cost
Visa payWave
VISA Zero liability

3. Nedbank Platinum Credit Card

Pros and Cons

4. African Bank Gold Credit Card

Pros and Cons

✔️ Pros ❌ Cons
60 days interest-free credit on POS purchases Cashback on POS is offered at a fee
Affordable and risk profile offered Free POS only available in South Africa
Clients can only get credit that they qualify for

5. FNB Gold Credit Card

Pros and Cons

✔️ Pros ❌ Cons
Case-based minimum salary requirements High interest rate
Low initiation fee when compared to other banks High monthly repayment
Low monthly fee

6. Capitec Credit Card

Pros and Cons

✔️ Pros ❌ Cons
Case-based minimum salary requirements High interest rate
Low initiation fee when compared to other banks High monthly repayment
Low monthly fee

7. ABSA Student Credit Card

Pros and Cons

✔️ Pros ❌ Cons
Free purchase swipes High repayment fees
Lower income requirement than other banks High withdrawal fee charged
Low credit card limit
Low interest rate paid for positive balances

8. Standard Bank Gold Credit

Pros and Cons

9. BlueBean Credit Card

Pros and Cons

✔️ Pros ❌ Cons
55 days interest free Stringent requirements to qualify
Low initiation and monthly fee required
Lower income requirement than other banks

10. Nedbank Gold Credit Card

Pros and Cons

✔️ Pros ❌ Cons
Automatic travel insurance High salary requirements on some credit cards
Free access to international ATMS
Reasonable fees charged