5 credit cards for low credit scores in South Africa
It's totally possible to have a great credit card even with a bad credit score and we can prove it! Check out our list below and learn more!
Apply for a credit card that fits your needs
Indeed, you don’t need a high credit score to have a good credit card. There are great options for credit cards for low credit scores in South Africa.
So below is a list of the best to help you make the best decision! Then keep reading and ensure a healthy financial life!
Get a card even with low credit scores: 5 best options
People with bad credit can also have reward program cards and other perks. So below are lists of the best cards available for customers with credit scores below 618 points:
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Absa Flexi Core Credit Card
Indeed, this is one of the most affordable Absa Bank cards. In addition to a great credit limit of up to R90,000, customers can count on great rewards.
Also, you can have 57 days free of interest charges. Learn more about this card in the table below:
|Monthly Income||At least R2,000;|
|Monthly Fee||R44 (Monthly account fee + Monthly credit facility fee);|
|Initiation Fee||At most, R175;|
|Interest Rate||57 days interest-free on eligible transactions. After this period, not disclosed;|
|Rewards||Earn cash back on payments with this card.|
Do you want to learn more about this card? Then read the article below!
Learn how to apply for the Absa Flexi Core Credit Card, the credit card made for building credit that exempts you from interest rates for almost two months and offers many other advantages:
Capitec Global One Credit Card
In fact, the Capitec Global One Credit Card is one of the best cards for those looking for a high credit limit. Customers of this card can have up to an R500,000 limit!
In addition, they have a cashback of up to 1.5%, not only for purchases but also for cash deposits. Also, every positive balance you leave in your account will yield 3.5% annually.
In addition, you can count on 55 days free of interest charges and R5 million travel insurance.
On top of all that, this card can still help you build your credit. So learn more about this in the table below:
|Monthly Income||Minimum R5,000 for salaried and R10,000 for self-employed;|
|Interest Rate||From 10.75% to 21.25%;|
|Rewards||1% cashback on all money spent online or in physical stores; after reaching the monthly bank balances, the yield rate becomes 1.5%.|
To learn more about this credit product, access a full review in the post below.
Apply to Capitec Global One Credit Card and get 55 days of interest rate collection free and up to 1.5% cashback. Know how!
Absa Gold Credit Card
Like the best gold credit cards, the Absa Gold Credit Card manages to combine reward and travel perks.
Among the advantages for travelers, it is impossible not to mention the discounts on entry to the Bidvest airport lounges.
In addition, to enjoy your trip better, you have insurance of R1,5 million that can be easily used in emergencies.
In the table below, learn more about the fees and advantages of this card.
|Monthly Income||Minimum R4,000;|
|Initiation Fee||At most, R175;|
|Interest Rate||57 days of interest-free on qualifying transactions. Up to 21% interest rate after;|
|Rewards||Earn cash back on all purchases and payments with the card.|
See the full and updated review in the following post to learn more about the Absa Gold Credit Card.
African Bank Gold Credit Card
Indeed, this is a gold card for anyone looking for the basic services of a credit card. Thus, with this one, you have up to 60 days free of interest rate charges.
Also, your positive balance will yield at a rate of 3% per annum. Furthermore, this card is enabled for secure online purchases and offers a great app.
Thus, controlling your money and developing good financial habits is easy. So find out more about this card in the table below!
|Monthly Income||Not disclosed;|
|Interest Rate||60 days interest-free. 15% to 27.50% after;|
|Rewards||Earn 3% interest back per year on a positive balance.|
Are you interested in this option? Then check out additional information about this card in the review below!
Apply for the African Bank Gold Credit Card! Access a card that offers basic credit services and 60 days with no interest rate!
RCS Store Card
Indeed, RCS Store Card is a card that has been gaining notoriety in recent years. Furthermore, this credit product was born as a simple card for a chain of stores.
However, the associated stores and brands network has grown and now has more than 30,000 members.
Additionally, you can buy with your RCS Store Card and get access, offers, and cashback.
In effect, this is a card with simple eligibility criteria. So virtually everyone can apply for it. To learn more about this, see the table below.
|Monthly Income||At least R1,000 per month;|
|Monthly Fee||Up to R120|
|Initiation Fee||Up to R150|
|Interest Rate||Up to 55 days interest-free. After this, you’ll be charged an interest rate;|
|Rewards||Cashback program, points, and exclusive discounts on selected purchases at stores that are part of the RCS Shopping Network.|
If you would like to learn more about the RCS Store Card and its rewards program, see the post below. So check it out!
Now that you know about the credit cards for low credit scores available in South Africa, how about getting to know a lender that offers loans to this customer?
Regardless of your credit score, FinChoice Personal Loan probably has a proposition for you.
Do you want to learn more? Then visit this lender’s full review online and learn how to get the money you need in minutes!
Are you interested in learning how FinChoice Personal Loan works? Then keep reading. Discover how to get the money you need fast! Let's go!
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