BusinessTech compares the available credit card accounts from some of South Africa’s biggest banks.
South Africa’s major retail banks offer a wide range of credit options, from retail brand accounts to alternative options like American Express , Diner’s Club, or Voyager accounts.
Although credit cards enable consumers to borrow money against a line of credit, the way they go about it can vary in price dramatically, with the majority of cards requiring that people earn a specific monthly salary to be eligible.Up to 55 days interest-free period on select transactions;Comparing various credit accounts is difficult as each account offers its own rewards, bundled options, transactional accounts and interest rates.
Outside of these, BusinessTech looked at common fees across banks – namely initiation fees, monthly fees and a minimum income requirement – for comparison.R225Holding the most exclusive position on this list is the Discovery Bank Purple Suite which requires a cardholder to have a monthly minimum income equal to more than R208,000 .
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