Today, we have selected the best credit cards for low income in South Africa. The cards come with some perks and flexible eligibility requirements.

It is important to mention that although the monthly income required can be low, most cards request it in the application.

Also, the credit cards listed below don’t expect you to have a good credit score. Therefore, we have selected credit cards that accept low credit scores, as well.

Continue reading to find out the best credit cards for people that earn a low income.

No matter if you earn a low or a high income or if you have a poor or an excellent credit score, it is always essential to learn how to choose the best credit card according to your needs and goals.

Nowadays, many traditional and digital banks offer a variety of financial products to fit all budgets. 

Although the best cards with plenty of rewards are designed for those with a high income and a perfect credit score, you might find good options if your financial situation doesn’t fit an elevated status.

It is crucial to follow some steps in order to choose your next card. Firstly, it is important to make sure you know all about your finances. Therefore, you must keep track of your spending and earnings. 

Also, if you have no control over your finances, it is recommended that you decide to go on with a debit card instead of a credit one.

In addition, it is important to do vast research to find good cards offered on the market. Fortunately, we have done it for you.

Thus, all you need to do is take a look at the list below!

In summary, we have selected the best considering benefits offered, costs associated, and eligibility requirements.

All cards don’t require a high income or a perfect credit score. Although most charge fees, they are reasonable considering the conditions. 

Also, terms, rates, and other factors may apply or change depending on your creditworthiness. 

Always do your own research to find out the best card for your needs and goals!

Absa offers many financial products and services, including accounts, cards, lending solutions, and investments.

One of the cards we have selected is the Gold Card. 

This credit card is a fantastic option for those who need to build a credit history.

Also, it offers cash back on purchases, digital banking access, basic insurance coverage, free lost card protection, and a package of Visa benefits.

Furthermore, this Absa Gold is an amazing choice for travelers since it doesn’t charge transaction fees on purchases and features Bidvest Airport Lounge access at reasonable and preferential rates.

The credit limit is up to R90 000. In addition, this card only requires a minimum monthly income of R4 000.

On the other hand, let’s suppose your monthly income is lower than R4 000. Then, an Absa Flexi Core Credit Card might be worth considering.

This card only requires a minimum monthly income of R2000.

And it offers a whole range of benefits, including complete digital banking access, basic travel insurance, free lost card protection, exclusive Visa benefits, and more.

Moreover, this card can be a great ally when it comes to building credit responsibly.

The card comes with rewards such as cash back on purchases and a credit limit of up to R90 000.

Also, it offers up to 57 days of interest-free on qualifying transactions.

The card only charges an R14 monthly fee and doesn’t charge transaction fees on purchases.

African Bank Gold Credit Card requires a minimum monthly income of R5000. The card charges an R69 monthly fee. And it comes with a lot of perks. 

In summary, it offers 60 days of interest-free. Also, it features a 3% interest back per year on positive balances.

It also guarantees free online and mobile services, including Global Emergency Assistance, Travel Assistance, and more.

Plus, the bank gathers all financial products and services in one place. Therefore, you can feel peace of mind knowing you will always be attended to while enjoying convenience and flexibility.  

Capitec Global One Credit Card also requires a minimum monthly income of R5000.

The card helps you build a credit history. And it offers a credit limit of up to R500 000. 

Also, it features cash back and free travel insurance of up to R5 million.

Furthermore, it provides up to 55 days of interest-free. This credit card charges an initiation fee of R100 and a monthly fee of R45.

After the grace period, interest rates vary from 10.50% to 21.00%, depending on your creditworthiness.

Nedbank has recently released products for low-income earners. The goal is to provide financial inclusion and great services for those who cannot afford higher-tier financial products. 

This card requires a minimum monthly income of R5000. Also, the interest rate is personalized. And the card charges an R40 monthly fee.

Moreover, the card offers many rewards and discounts.

Whether you earn a low or high income or have a perfect or bad credit score, it is crucial to learn all about credit.

As you can see, creditworthiness is essential when it comes to getting approval for financial products and services, as well as when it comes to getting better rates and cheaper fees.

Therefore, read our next post to learn everything you need to know about Credit Essentials.