Comments on: I need some credit card advice

By: Jason

Jason — Mon, 22 Feb 2010 19:40:21 +0000

Hi Ina, FNB have a cheque card, which works just like a prepaid credit card in that you can use it to purchase good online, but it transacts off your positive balance in your bank account. Give FNB a call and ask them about it!

By: Ina le roux

Ina le roux — Mon, 22 Feb 2010 18:38:37 +0000

Hi Jason, I am a pensioner and only receive my monthly a small amount. I want to apply for certain jobs on the internet but have to pay some amounts, I open a Pay Pal account bur need a credit card, BUT A PREPAID CREDIT CARD, are there no way I can apply for a card at Virgin Money.

Please advise.

Ina le roux

By: Morne Prinsloo

Morne Prinsloo — Wed, 22 Jul 2009 14:09:52 +0000

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By: graeme

graeme — Fri, 17 Jul 2009 13:29:02 +0000

Hi,

Nice post, you bring up some really valid points, and @Christo thanks for dropping those links, very kind :)

Credit cards can be useful if you pay everything off in full (plus maybe a bit extra to be sure) every month, then they are almost always free to swipe and attract no interest, some people even use their credit cards as savings accounts due to the interest paid, but you need to be really strict with yourself.

A lot of people are caught by credit cards because they don’t pay them off, and then get hammered by the hefty interest charges.

So check out the calculator link above and work out which would be best for you.

By: Christo Bothma

Christo Bothma — Sun, 12 Jul 2009 16:19:13 +0000

Hi Jason

I have a client that has passed on this very useful webpages to me – http://www.justmoney.co.za/CreditCardCompare.aspx and / http://www.thinkmoney.co.za/.

On these pages you can compare all the costs and interest rates of credit cards.

I hope this helps.

Regards
Christo Bothma

By: Jason

Jason — Mon, 06 Jul 2009 11:02:15 +0000

Thanks for the comment and suggestions iDale. I was just chatting to Allen Kent earlier today and I might of found one of the best credit cards packages in SA! Will sniff out some more of the info and do a follow up blog post about it. :)

By: iDale

iDale — Mon, 06 Jul 2009 07:02:15 +0000

Hi Jason

I’m not a mega fan of credit cards, but got on in December based purely on the rewards and benefits. I went with the Discovery Gold card (FNB is the bank). The initial reason is that because I’m on discovery medical aid and have Vitality I was able to add an extra benefit which pays back 8% of my monthly home loan installment back into my account (provided it’s an FNB home loan). As you can imagine this is saving me a great whack of cash each month.

I’m also in the process of activating the voyager benefit which accumulates with a mile for every R12 I spend.

I’ve never had an issue with the card not working and get SMS’s for everything that happens.

The only down side is the FNB internet banking site, which I think is the worst of all the bad banking sites.

Consider this… it’s got the banking of FNB and the service of Discovery, so it’s great in my opinion.