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Best credit-building low-interest rate cards: 6 options!

Have you been looking for the perfect credit building card to help get your financial future back on track? If so, read on to see the best credit-building low-interest rate cards!

Find out which are the best credit-building low-interest rate cards!

Not every credit building card has high APR rates. Source: The Mister Finance.
Not every credit building card has high APR rates. Source: The Mister Finance.

Are you a South African looking for credit-building low-interest rate cards? If so, we’ve got great news – there are plenty of options available to help you get on your way!

Moreover, credit cards that offer both competitive interest rates and rewards can be the ideal solution, allowing you to build your credit without breaking the bank.

Therefore, in this blog post, we’ll take an in-depth look at which cards offer the best combination of features: low-interest rates, reward offers, and more.

So, keep reading to find out which cards make sense for building up your score while still keeping some extra money in your pocket every month!

What are low-interest rate credit cards?

Credit cards with a low-interest rate or annual percentage rate offer a reduced rate for a limited time on purchases and/or balance transfers.

Also, monthly payments might be less of a strain if you have one of these credit-building low-interest rate cards or annual percentage rate.

What do you need to know before getting a low-interest rate credit card?

check your credit card information before applying for it. Source: Freepik.
check your credit card information before applying for it. Source: Freepik.

The annual fee and, more importantly, the interest rate you’ll pay after you begin using the card are both important pieces of information to consider.

Moreover, although interest accumulated on credit card balances is typically greater than a conventional savings account, using a credit card with an emergency savings account might be helpful.

Therefore, using your new credit card for essentials like groceries and paying it off in full each month is a great way to start establishing credit and may potentially triple your score.

So, before you get a credit card with a low-interest rate, you’ll need to understand your financial goals and see if you can pay for the other credit card fees.

6 best credit-building low-interest rate cards!

Credit-building cards can come with good features, but some can have high interest rates. Therefore, it can be an incredible choice to get a credit-building low-interest rate card!

Therefore, now that you know what to look out for in a card, keep reading to find out more about the benefits and expenses of some of the most popular credit cards in South Africa!

Absa Flexi Core Credit Card

Also, with this credit card, you’ll be able to build your credit if you make your payments on time. Also, you’ll be able to get incredible rewards with Absa Rewards!

Moreover, this card will allow you to get exclusive Visa perks, such as Visa Global Merchant and much more!

Requirements*R2,000 monthly income;
18 years old;
Valid South African ID;
Also, other documents.
*Terms apply.
Interest Rate0.20% for credit;
21.25% for debit straight transactions and 20.75% for debit budget transactions.
*Terms apply.
Monthly FeeR44.
Fees*There are no transaction fees on purchases;
Also, up to 57 days interest-free on eligible transactions;
*Terms apply.
Perks*You can use the card to build your score and improve your finances;
You’ll have access to Absa Rewards and Absa Advantage;
Also, you’ll be able to access Visa perks.
*Terms apply.

If you’re interested in this credit card, you can read the full review at the following link.

Absa Flexi Core Credit Card

Absa Flexi Core Credit Card full review

This Absa Flexi Core Credit Card review will show you how valuable this card can be as it offers rewards and perks while helping you build your credit history.

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African Bank Gold Credit Card

With the African Bank Gold Credit Card, you’ll be able to get 60 days interest-free and 3% interest back! Moreover, you’ll be able to make your purchases anywhere in the country with free swipes!

RequirementsProof of residence, proof of income, 18 years old, and other documents are required to qualify.
Interest Rate*3% p.a. for the credit interest rate.
*Terms apply.
Monthly FeeR69.00.
Fees*Card replacement fee: R115.00;
Also, the funds transfer fee is R5.55;
*Terms apply.
Perks*Global Emergency Assistance;
Also, travel assistance and more.
*Terms apply.

Looks like the right choice for your needs? Learn everything about the African Bank Gold Credit Card on the following link. Or keep reading to check more credit cards.

African Bank Gold Credit Card

African Bank Gold Credit Card review

If you want to hold an affordable card with no minimum income required, check out this African Bank Gold Credit Card review and learn how it works!

Capitec Global One Credit Card

These credit cards have competitive rates. Source: Freepik.
These credit cards have competitive rates. Source: Freepik.

So, with the Capitec Global One Credit Card, you’ll be able to get a low-interest rate depending on your credit history. Moreover, you’ll be able to build credit if you make all your payments on time!

Also, this card offers travel insurance and cashback!

Requirements*Minimum income of R5,000 and R10,000 for self-employed people.;
18 years old;
Also, personal documents.
*Terms apply.
Interest Rate10.75% – 21.25% (based on your credit profile).
Monthly FeeR50.
FeesUp to 55 days interest-free.
Perks*1.5% cash back when banking with Capitec (terms apply);
No currency conversion fees;
Also, local swipes for free and more.
*Terms apply.

Standard Bank Titanium Credit Card

With the Standard Bank Titanium Credit Card, you’ll be able to get personalized interest rates depending on your finances. Also, you’ll be able to get a credit limit of up to R250,000!

Moreover, this card will allow you to improve your score and help you in the path toward a healthier financial life!

Requirements*Minimum monthly income of R25,000;
At least 18 years old;
Also, South African ID and others.
*Terms apply.
Interest RatePersonalized interest rates.
Monthly FeeR86.00.
Fees*R180 initiation fee;
Also, up to 55 days interest-free and more.
*Terms apply.
Perks*Up to 5%* cashback when you book any domestic or international hotel, apartment, and more;
Basic travel insurance;
10% off when spending R300 or more on ProGifts;
Also, other travel perks.
*Terms apply.

This card has more benefits, and you can read them all on our full review on the following link.

Standard Bank Titanium Credit Card

Standard Bank Titanium Credit Card review

If you need a new credit card to earn great rewards and travel perks, read our Standard Bank Titanium Credit Card review to learn more about this card!

FNB Gold Credit Card

With this FNB credit card, you’ll be able to improve your score if you make your monthly payments on time. Also, you’ll be able to get unlimited free card swipes and earn up to 1.5% cash back!

RequirementsYou’ll need to have a business account with FNB. Moreover, you’ll need to meet some other requirements.
Interest RateYou’ll get personalized interest fees depending on your financial situation.
Monthly FeeR38.00.
Fees*There are no transaction fees for eligible purchases;
FNB ATM cash withdrawal fee: R3.95 + R1.30 per R100.
*Terms apply.
Perks*You can earn 2.5% back on your qualifying swipes. Also, up to 15% back on your fuel, prepaid airtime, prepaid electricity, and Checkers & Shoprite spend;
Access free lost card protection;
Also, 24/7 helpline in case your card gets stolen or lost.
*Terms apply.

Absa Gold Credit Card

With the Absa Gold Credit Card, you’ll be able to build your credit history easily while getting incredible perks! Moreover, you’ll be able to access Visa benefits and more!

Requirements*R4,000 monthly income;
18 years or more;
Also, South African ID and others.
*Terms apply.
Interest Rate0.20% for credit;
Also, 21.25% for debit straight and debit budget transactions.
*Terms apply.
Monthly FeeR55.
FeesCash deposit: R2.50 per R100;
Also, up to 57 days of interest-free on eligible purchases.
*Terms apply.
Perks*Absa Advantage;
Absa Rewards;
Get access to Visa benefits;
Also, build your credit history and more.
*Terms apply.

Finally, this is the last credit card on our list. So, give it a try and check our full review to see how this card can benefit you.

Absa Gold Credit Card

Absa Gold Credit Card review: High rewards!

Are you in need of a good rewards card with travel perks? If so, read our Absa Gold Credit Card review to see the pros and cons of this card!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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