Cheapest: Discovery Credit Card, Nedbank, or Standard Bank

Credit can be a good thing, but unfortunately, people cannot manage their credit and then it turns into evil. However, there are so many reason why people are getting credit card and since there are so many accredited finical credit providers that are able to issue credit cards, it is better to compare some like the Discovery credit card, Nedbank Gold card and the Standard Bank Gold card.

Some of the credit cards can be useful, especially if a reward program is offered with the card. You can earn many benefits and rewards, like with the Discovery credit card that can save you money.

The key is to find the best credit card that works for you with the lowest interest rate. If you are a Discovery Health member, you have heard about the Discovery credit card. The Discovery credit card can be linked to the Vitality Loyalty program and you can earn cash back at partners like Pick and Pay, Clicks and Dischem every time you pay with your credit card. The card also has a second loyalty program. For every R12 spend, you earn Discovery Miles that can be converted into Voyager Miles, Avios or use to pay for Kulula traveling.

The Greenback Rewards programs for Nedbank offers you 1 greenback for every R5 spend. This loyalty program will cost you R179/year as where the Standard Bank Ucount rewards program will cost you R240 per year. However, with the Ucount, you can get up to 10% back in reward when purchasing groceries.

Discovery and Nedbank asks an interest credit rate of 0, 25%, but Standard Bank only 20%. The initiation fee of a Discovery card is R200, Nedbank is R112, 00, but Standard Bank is only R110 if you want to save money. The monthly fee for a Nedbank card costs R20.50 and R25, 00 for a Standard Bank card. When you choose a Discovery card, you will pay R38 but will get evert cent back in rewards.