Are you looking for an ideal credit card that comes with no annual fees? We took it upon ourselves to carefully select for you our top 5 credit cards with no annual fees.

This deal is ideal for those who do not want to spend much on a credit card from year to year.

After all, you already have other payments to worry about, so these cards remove one key payment from that list! Read on to find out more about these credit cards and how you can apply for them today.

1. The Capitec Global ONE Credit Card

Capitec Global ONE Credit Card

This credit card is ideal for middle-class clients who like going shopping without carrying loads of cash on them.

Apart from no annual fees, this card offers a wide range of benefits, including receiving basic travel insurance when you pay for flights using this credit card, managing your card online via their mobile app, and transacting abroad without incurring any conversion fees.

With this card, your credit limit is also based on your affordability and financial profile, but could be up to R150 000. You can expect fees such as: R100 initiation fee, R35 monthly fee, and 10.25% – 20.75% interest based on your credit profile.

Applying for this card is pretty straightforward. All you need is to prove that you are 18 years and above. This can be done by providing your valid South African ID. You also must have a valid proof of residence, and it should be recent. Recent pay slips and bank records of your earnings are also required. To apply, head to the Capitec Bank website and fill out the online application form.

2. The Virgin Money Credit Card

Virgin Money Credit Card

This credit card is ideal for low-income earners who don’t want to spend too much on a credit card. Some of its benefits include zero monthly or annual fees, the zero interest purchase promotion of up to 55 days, lost card insurance and emergency cash, face-to-face delivery, and basic travel insurance.

You can expect competitive interest rates and a simple fee structure. For more information on rates and fees, contact Virgin Money or head to their website.

Applying for this card is simple. To qualify, you must be 18 years and above with a personal income of R5 000 and above.

You must have a valid South African ID plus proof of residence. You also must have a South African bank savings or cheque account. To apply, head to the Virgin Money website and fill out the application form.

3. The African Bank Gold Credit Card

African Bank Gold Credit Card

Some of the benefits of this card include 3% interest back for prompt payments and 3% interest per year on a positive balance. You’ll have free swipes, and for added convenience, you can use your credit card to shop online.

This card entitles you to register for free online services and transactions. The beauty of this card is that it is accepted worldwide wherever there is a Visa logo. Lastly, you will have free travel assistance and Global Emergency Assistance. You can expect an R69 monthly service fee, R5.55 funds transfer fee, as well as international fees, and more. For more detailed information on fees, visit the African Bank website.

To apply for this card, you have to 18 years and above and show proof of residency not older than three months. You must also show proof of income reflecting three salaried deposits and the latest bank statement.

To apply for the African Bank Gold Credit Card, head to the African Bank website and fill out the online application form.

4. The Standard Bank Gold Credit Card

Standard Bank Credit Card

This card comes with a great opportunity to have up to an R250 000 limit, as well as a personalized interest rate. Some of the other benefits of this credit card include up to 35% off on Emirates flights when you book through the leisure desk. You will also receive automatic basic travel insurance plus a credit card protection plan.

You can manage your card on your phone using their mobile app, and lastly, this credit card is accepted worldwide wherever you see the MasterCard logo.

You can expect an R54 monthly fee, R175 initiation fee, 3% minimum monthly repayment, and more. For more details on fees and rates with this credit card, head to the Standard Bank website.

Applying for this credit card is pretty simple and straight forward as long as you are eligible. To qualify, you must be 18 years and above with a valid South African ID. You must also hold an R5 000 minimum monthly income and show proof of residence no more than three months old. To apply, head to the Standard Bank website and fill out the application form.

5. The Absa Student Credit Card

Absa Student Credit Card

This credit card is ideal for students who want to build their banking profile as they prepare for the next stage in life. It’s great for those just learning how to build credit, while juggling other finances.

Some of the benefits include no monthly service fee, automatic basic travel insurance, and up to 57 days interest fee on all your purchases. This credit card is also accepted worldwide wherever you see the MasterCard logo.

Here are some fees you can expect: R0 monthly fee, R25 monthly credit facility fee, standard transaction fees, and more. For more details on the specifics of Absa‘s fees and charges, head to their website.

Applying for this card is simple. To qualify, you must be between 18-30 years old with a South African ID book or smart card. You must also show proof of residence and produce your latest proof of income for three consecutive months. You also must be a student in any of the universities in South Africa. To apply, head to the Absa Bank website and fill out the online application form.