When you’re spoilt for choice you need to compare cards!
Absa, Nedbank, FNB, Standard Bank, Woolworths, Kulula… There are so many different places where you can get a new credit card, it’s hard to decide where is best…
And on top of all this, you still have to pick one of the many cards each place offers!
I’ve seen banks charging interest rates anywhere between 8% to 22.10%. The rate you get depends on how much you earn and how much of a loan risk the bank believes you are. This is a HUGE difference in rates… And can easily accumulate to a difference of R2,115 in a single year if you owed R15,000 on your credit card.
That’s why the lower the rate the better!
But the rate is not the only thing you should look for to get the best deal…
You should also consider how much the monthly bank charges will be.
If you spend a fortune on the card, you should get a card with the lowest interest rates. However, if you don’t spend much on the card, you should get a card with the lowest monthly fees.
Another important thing you should look at is the overall ratings service each card provider offers.
To do this, you can visit the JustMoney website (see link at the end of this article). Users from all around the country rate the credit card in terms of service and overall rating. On top of all this, some people will even write reviews on the cards.
This rating system can be extremely informative and will help guide you to the card that suits you!
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Where you can find the lowest credit card rates
There is a special site that allows you to find the best rates.
It’s extremely easy to use and anyone can do it. All you need to do is tell them how much you earn, what kind of card you need and compare them to get the best rates. It’s that easy!
The reason why you tell them how much you earn is because certain credit cards will be offered to people earning a certain amount.
For example, a millionaire will probably be offered lower rates simply because they are considered to be a lower risk than your typical borrower.
There’s no worry in sharing the information of how much you earn on the website because you don’t need to fill in any of your personal details. This means, to the website, you’ll be anonymous!
All you need to do is visit http://www.justmoney.co.za/credit/credit-cards.aspx.
Just visit this site and you’ll cut down your credit card rates in no time at all.
Thrive in your possibilities,