Updated 03.07.2021

Easiest Credit Cards to Get Approved For in 2021

Credit cards approval process differs from lender to lender. Even so, do you know that you can get a credit card with bad credit or no credit rating? Well, there are a variety of credit cards for beginners, young adults, and people with poor credit score with easy approval process in 2021.

These credit cards are convenient means to paying bills and making purchases while building a good credit score. They also allow you to save money through their various points and cash-back offers.

For you to get credit cards approval in South Africa, there are several requirements that you need to meet. Each card has unique requirements. However, some of the most common items that credit card issuers consider include:

  • Credit Score
  • Employment
  • Income
  • Mortgage payment or monthly rent

The data credit card issuers get from these items allows them to identify your likelihood of paying back the amount you use with your credit cards. It also helps them know more about your credit history. 

But which credit card is easy to acquire when you have poor credit or your credit history is limited? 

With credit cards increasingly becoming more popular in South Africa, banks and alternative lenders offer various cards that can help you meet your specific needs. You do not have to struggle too much. Here are some cards with easy credit cards approval in South Africa. 

ABSA Flexi Core Credit Card

The ABSA Flexi Core Credit card is a product of the ABSA bank. Here are some of the benefits that make the card incredible. 

Features and Benefits

  • The credit card has a monthly fee of R14.
  • The minimum monthly income you need to have is R2,000 per month.
  • You will get a credit limit of up to R90,000.
  • It is digitally integrated into a banking app that allows you to stop the card from use in the event of fraud, giving you time to replace it. 
  • You will get a basic insurance cover for various types of travel emergencies.
  • The card allows you to make interest-free purchases for the first 57 days.
  • You can use the card to shop with it worldwide and online.
  • The card has a fixed monthly payment program that allows you to budget for the money you need to pay your credit card debt at the end of every month. 

How Do You Get this Card?

You can get the card by visiting the ABSA website to apply. The bank may require you to hand in some documents such as:

  • A valid SmartBook or South African ID book
  • Provide proof of receiving an income for the last three months 
  • Proof of your home residence

So that you can make your work easier, it is best to visit the bank yourself so that you can get immediate answers to any questions that may arise. 

Nedbank Gold Credit Card

The Nedbank Gold card is one of the many card options you can choose to apply for since it has a fast approval process. The card is well recognized in South Africa and internationally. Here are some of the benefits that make it very favorable for acquiring. 

Features and Benefits

  • The card does not have transaction fees for all payments
  • It grants you instant access to cash in all ATMs in South Africa and abroad.
  • It is accepted worldwide by more than 25 million merchants
  • The card grants you interest-free credit on purchases you make within the first 55 days.
  • You will get automatic travel insurance for both local and international travel. 
  • The card has a balance protection plan that ensures your money is safe in the event of critical illness, death and disability.

How Do You Get this Card?

The simplest method to get this card is filling an online form online and submitting the necessary paperwork. Once you do so, you will receive feedback from the bank after a few days on whether the credit card was approved or not. 

However, for the process to be successful, there are specific requirements you need to fulfill. 

  • You need to be 18 years of age and older
  • Be a South African resident with a valid South African Green Book ID or Smart ID
  • Have a good credit rating 
  • Earn R 350,000 or more annually 

You need to provide proof of residence, your identity documentation and a payslip of not less than three months for the approval process to succeed.

African Bank Gold Credit Card

Anyone with a monthly income of R 5000 and above can apply for the African Bank gold credit card. The card allows you to enjoy several basic functionalities at no extra cost. Therefore, it is trendy among South Africans.

Here are some of the benefits that drive users to acquire this credit card.

Features and Benefits

  • The card offers a 60-day interest-free credit on all transactions that are made before the due date.
  • It allows you to earn an interest of up to 3 percent for all the payments you made throughout the year
  • The Gold card allows you to make daily withdrawals of up to R 4000 from any ATM.
  • You also benefit from free travel assistance whenever you make international travels. As a result, you gain access to a wide range of legal and medical advice.
  • When you lose your card during your travel, it is protected by a Global Emergency Assistance feature. Once you report it, your card will be blocked to prevent any fraudulent activity from taking place.
  • The card is recognized by any merchant that accepts payments by Visa.

How Do You Get this Card?

To apply for the card, you need to either call the African Bank on their phone numbers or fill out the forms available on their website. Before then, there are specific requirements you need to meet:

  • You need to be 18 years of age or older.
  • Provide your Proof of residence such as bills not older than three months
  • Provide your latest bank statement with the last three salary deposits
  • Provide the last three payslips 

There is no single credit card that you can single out to be the best for everybody, for any purchase or one that caters to every budget. Be sure to choose wisely one that meets your needs. If you want a credit card with a fast approval process, then consider getting the above cards.

READ ALSO:

Comments limited to 400 characters.