absa private banking travel benefits

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Enjoy exclusive travel benefits with Private Banking

As a Private Banking customer you will enjoy travel benefits, which include reduced cash withdrawal rates, loading multiple foreign currencies, exclusive airport lounge access and more. We have great offers for you at some of South Africa’s premier resorts and hotels with preferential prices and exclusive experiences. You can choose a five-star destination, an ocean view, or a luxurious game reserve getaway.

Four steps to simplify your next journey

Planning and funding my trip
Preparing for my trip
Unwind before I fly
Arriving back home

Let's help you travel in style

We are ready to help you go places. Whether it’s local or global, for business or leisure, a solo adventure or family holiday, we have people and partnerships to make it happen.

Global Flights Programme

Direct contract with all major airlines
Best fares on all classes
Business and first-class specialists
We’ll help you with foreign bank notes and arrange a Multi-currency Cash Passport card
Visa application assistance
Cellini C luggage deals, so you can travel in style
Meet-and-greet services at international airports
Pick-up and drop-off services, such as hotel transfers, car hire or a chauffeur – anywhere in the world

Global Hotel Programme

Access to more than 150 000 hotels worldwide

Box Office Programme

Direct inventory access
Pre-sale access
No margin model
Concert, theatre or any other ticketing related service
Golf membership, tickets to cricket, soccer, rugby or any other hospitality related events

Global Dining Programme

Priority access
Guaranteed tables
Relationships with the world’s top restaurants
Bespoke benefits at each restaurant

Absa Rewards

Get cashback on all travel and lifestyle spend on your debit and credit card

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What you get

Up to 15% cash back on Absa rewards when you book flights with Travelstart
Private Banking lending solutions to help you fund your trip
Open your Currency Investment Account online and save for your next international trip in advance (22 currencies available)

For more information visit our Travel and Lifestyle portal or download the Travel and Lifestyle brochure.

For all your foreign currency needs

Seamless and hassle-free trips start here.

Foreign bank notes*

We can supply you with most of the world’s major currencies and we can order currency for you.

Multi-currency Cash Passport*

A prepaid travel card that can be preloaded with up to four currencies.

*Exchange control requirements apply

Travel tips and reminders

You can get comprehensive travel insurance when you book flights with your Visa or World MasterCard Credit Card.
Make sure that your passport is valid and has enough free space for visa entry and exit stamps.
Speak to us about additional fees that can be charged when using your cards overseas (currency conversion charges, cash advance interest and local and international ATM fees).
Stay connected so that you are able to receive SMSs and other banking notification.
See terms and conditions for Visa and World MasterCard

Enjoy travel benefits on us

Access international airport lounges, car rental and earn cashback with Absa Rewards.

Exclusive airport lounges access
Car rental from Bidvest or Avis
Earn cash back with Absa Rewards from our car rental partners

How to get started

*Private Banking and Islamic Private Banking clients are automatically registered for Absa Rewards.

What to do with your unused forex

Remember to convert your unused foreign currency within 30 days.

What you can do with your unused funds

Open an international savings account with a Currency Investment Account and save in any of the available 17 currencies
No monthly account fees
An option to open and fund the account available online
Interest earned on the account is based on the London Interbank Bid Rate (LBID)*

*Exchange control regulations apply

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10 best travel credit cards in South Africa 2024

Post author: William Dube
Post last modified: 2024-05-22

Travel credit cards have been in use since the 1930s, and they began as “buy now, pay later” cards. Travel credit cards were primarily used for travel from the 1930s to the 1970s, with many changes occurring in the 1980s, which saw the rise of hybrid travel credit cards.

Today’s travel credit cards are more versatile and can be used to make a variety of purchases. They are no longer just for travel, but also for everyday use. When looking for a travel credit card, you can expect to earn points on non-travel purchases.

However, travel credit cards have not lost their essence; they continue to provide the services for which they are best known. That is, credit is given for purchases of airline tickets, hotel stays, vacation packages, and other travel items.

There are numerous travel credit cards available to South Africans, and selecting one is not as simple. That is why we have assisted you in narrowing down a list of travel credit cards that you can apply for.

We’ve narrowed down the top ten travel credit cards in South Africa based on rewards, usage flexibility, credit limit, interest-free period, repayment period, and interest charged. Our list is not in any particular order, but it will assist you in obtaining the best credit card for your travel needs by selecting one of the top ten in the country.

1. Diners Club Platinum Credit Card by Standard Bank

Standard Bank has teamed up with the American credit card giant Diners Club International to launch the Diners Club Platinum Credit. The credit card is one of the best travel credit cards available anywhere in the world. If you want to get a travel credit card in 2024 that offers some of the best travel credit card experiences in the world, you should think about getting the Diners Club Platinum Credit Card .

A credit provider with a presence in over 200 countries is rarely a bad bet. If you have any problems with your credit card, you can be sure that you will be able to get assistance in nearly every country you wish to visit. The helpline is open 24 hours a day, seven days a week for both South African and international calls.

Benefits of the Diners Club Platinum Credit include:

Access to the Diners Club Premium Concierge Service – a personalized digital platform where you can browse exclusive offers tailored specifically to you.
Pre-arrangement of airport transfers and meet-and-greet: Members receive exclusively negotiated rates for airport transportation as well as expedited airport check-ins and arrivals for international flights.
Using a single card, you can access over 1000 airport lounges worldwide in over 200 countries and 501 cities.
Emirates offers flight discounts* (up to 20% off economy flights, 15% off first-class flights, and 15% off business flights, excluding airport taxes on any international roundtrip airfare).
Avis Club – Priority service, car rental upgrades, and discounts via Diners Club’s automatic “Avis Preferred Plus” status.
Concierge access to Forex is made simple by Travelex, which delivers to any business or residential address in South Africa.
Access to a Rewards program that allows you to earn and redeem miles on flights and accommodations with ClubMiles.
Concierge Service for Lifestyle and Entertainment is provided at no cost.
Invitations to events for wine, whiskey, coffee, olive products, and chocolate connoisseurs.
Diners Club Travel Tools App provides free global access to over 50 million Wi-Fi hotspots.
Get instant VIP Platinum membership and discounts at all Tsogo Sun locations.
With every public transportation ticket purchased with your Diners Club Card, you will receive complimentary Phase 1 travel insurance .
You are also automatically insured, and any lost or stolen cards are replaced immediately.

Requirements of the Diners Club Platinum Credit Card

Must earn at least R500,000.00 per year.
A certified copy of a South African ID or a valid passport is required (if not SA citizen)
Verification of residential address (utility bill not older than 3 months)
Latest copy of income tax return (IRP5) or 3 months original bank statements (copies must bear a bank stamp and are not internet printouts) (if no salary advice available)
Tax identification number / SARS pay slip / salary advice
If the applicant is living with another person and does not have proof of residential address, an affidavit from the other person confirming that the applicant resides with them and the nature of the relationship is required.

2. SAA Voyager Gold Credit Card by Nedbank

The SAA Voyager Gold credit card is an entry-level travel credit card designed to introduce new travelers to the world of travel credit cards. Unlike most of the travel credit cards on our list, the SAA Voyager credit card has a low annual fee of R700.00.

The credit card includes 55 days of interest-free credit for purchases made with the credit card. The interest rate charged on the credit card is customized. As a result, when you apply for a credit card, you will be quoted interest rates.

When you use the SAA Voyager Gold Credit Card, you will receive a variety of benefits, both complementary and non-complementary.

Benefits of the SAA Voyager Gold Credit Card include:

With the SAA Voyager American Express card, you can earn unlimited Voyager Miles and at a faster rate.
Earn 1 mile for every R6.50 spent on your Amex card or R11.50 spent on your Mastercard.
Earn 19,000 bonus Miles on your first SAA ticket purchased and used.
When you spend R320,000 in a calendar year, you will receive 15,000 bonus Miles.
When spending thresholds are met, you will receive one Continental or Global Companion Ticket per calendar year.
When you use your SAA Voyager credit card at Nu Metro, you can get up to 50% off your movie tickets.
Connect your credit or debit card to Apple Pay, Samsung Pay, Fitbit Pay, or Garmin Pay.
Basic travel insurance is automatically included, with the option to upgrade at a discounted rate.

Requirements of the SAA Voyager Gold Credit Card by Nedbank

Must earn a minimum income of R6,600.00 per month.
Have a valid South African ID book or Smart card or a valid passport and work permit.
Have 3 months’ latest payslips or stamped bank statements for the last 3 months.
Proof of residence such as a utility bill that is not older than 3 months at the time of application.
Must be over the age of 18 at the time of application.

3. World Citizen Credit Card by Standard Bank

The Standard Bank World Citizen credit card is intended for frequent travelers and includes non-travel benefits as well. The credit card is only available to those who earn at least R25,000.00 per month. The interest rate on the credit card is personalized, and if one chooses a 6-month budget, they will pay 0% interest.

The monthly fee for the World Citizen Credit Card is R199.00. Those with the Standard Bank Private Banking Signature account, on the other hand, pay no monthly fee if they combine it with the world citizen credit card. When applying for a credit card, an initiation fee of R180.00 is required.

If the account is paid in full during the period, the world citizen credit card offers a standard 55-day interest-free period. As an account holder, you must pay at least 3% of the total debt each month. The total credit limit that can be granted is R250,000.00; therefore, if the entire amount is used, you must pay at least R7,500.00 per month.

The world citizen credit card is best known for its travel perks. Travel benefits are available when booking hotel stays, airline tickets, cruise tickets, and more. The following are some of the benefits of using the World Citizen credit card when traveling.

Standard Bank World Citizen Travel Benefits

When you book Emirates flights through Leisure Desk, you can save up to 20%*.
When you book with Avis, you can save up to 25%* on your next international car rental and chauffeur service.
Gopals is offering a 10% discount on all hard- and soft-shell luggage.
Mastercard Priceless Cities gives you access to handpicked experiences and offers in cities all over the world.
When you book a car through Rentalcars.com, you will receive a 10% discount.
Get a 10% Travelstart discount on any international roundtrip ticket.
You can visit the Lounge Key and Bidvest Lounges 24 hours a day, 365 days a year.
Get 10% off at OneFineStay apartments.
When you use your credit card to book on Booking.com, you can earn up to 5% cashback.
Hertz offers discounts of up to 15% off car rentals.
At Luxury Connections, you can qualify for world-class travel packages.
Get a 25% discount on your hotel room at Legend Hospitality Group.
With a complimentary room upgrade, you can save 15% off any aha Hotels & Lodges.
When you park at First Class Parking for a minimum of four days, you will receive a 15% discount.

Aside from travel benefits, the world citizen credit card provides lifestyle benefits whenever the card is used. The following are the lifestyle benefits that come with a credit card.

Standard Bank World Citizen Lifestyle Benefits

When you shop at Wine-of-the-Month Club, you can save 15%* off your online purchases.
MyUS allows you to ship your online purchases to your home for less money and shop at thousands of U.S. online stores.
When you buy 1GB of AlwaysOn Wi-Fi for R19 once and get 11GB free*.
Earn UCount Rewards Points whenever you use your credit card, regardless of where you shop.
For new users, get 2 months of Lingokids free, and then save 30% * on monthly subscriptions.
When you shop online at Pro Gifts, you can save 10%.
With Udemy, you can save up to 30% * on top trending courses and up to 50% * on the course of the month.
When you shop online at A Place To Shop, you will receive a 10% * discount.
When you shop at Flowers.co.za, you will receive a 10% * discount.
With Gift Experience, you can save 5% on your experience voucher.
When you spend R1 000 or more, you will receive 10% * off purchases at the Sweetie Shop.
When you purchase one month of internet service with your World Citizen Credit Card, you will receive 11 months of free internet access from AlwaysOn Wi-Fi.
When you spend more than R4 999 online at Bradlows, Russells, Rochester, or Sleepmasters, you will receive a 10% * discount.

Requirements of the Standard Bank World Citizen Credit Card

Have a South African ID book or Smart card or Passport if not a South African citizen.
Must earn at least R25,000.00 per month.
Have proof of residence that is not older than 3 months at the time of application.
Have a recent payslip and a recent 3 months bank statement.

4. American Express Platinum Credit Card by Nedbank

The American Express Platinum Credit Card is a high-end travel card offered by Nedbank in partnership with American Express. This credit card is arguably one of the most well-known in the world. The credit card has a vintage metal design with a centurion embedded in the middle.

You can expect to pay more with the credit card, as with any other premium travel credit card, in exchange for great benefits. The annual fee for the credit card is R4,450.00, and the initiation fee is R1,262.00. American Express Platinum Credit Cardholders can receive an additional card each month at no additional cost.

To qualify for the AmEx platinum credit card, you must earn at least R62,500.00 per year. With a minimum income of R62,500.00, the card is only available to those in the upper-middle class and above.

In contrast to standard credit cards in South Africa, which require a minimum payment of 3% of the total credit, the AmEx platinum credit card requires a minimum repayment of 5% of the outstanding balance.

The credit card comes with a 10,000-point welcome bonus if you spend R10,000.00 within the first three months of opening the account. In addition, cardholders earn 1.5 points for every R5.00 spent on eligible purchases.

In addition to the rewards that come with the card, the credit card offers travel and lifestyle benefits that can be redeemed. All of this is covered in more detail below.

American Express Platinum Credit Card Travel Benefits

The American Express Platinum credit card includes a priority pass facility that grants access to priority pass lounges in 400 cities with over 1200 lounges to choose from.
As a Platinum Credit Cardholder, you have unlimited access to any Bidvest Premier airport lounge in South Africa.
Credit cardholders get access to the centurion lounge.
When booking in Business Class, Etihad Airways invites all American Express Platinum Credit Cardmembers to receive a complimentary upgrade to their award-winning First Class. From an in-flight chef preparing an exclusive dining experience to a comfortable fully-flat bed dressed in all-natural bed linen, you experience the highest levels of comfort and service in the sky.
As an American Express Platinum Credit Cardholder, you can save up to 15% on upper, premium economy, and economy class tickets.
When you book The Hotel Collection, you will receive a $100 hotel credit on qualifying charges as well as a room upgrade if one is available.
When renting with Hertz or Avis, you can take advantage of special benefits such as discounts, upgrades, and priority service if you have an American Express Platinum Credit Card.
Access dedicated concierge service including 24/7 travel services.

American Express Platinum Credit Card Lifestyle Benefits

Credit cardholders can save up to 50% on dining, lodging, and other services.
For every R5.00 spent on eligible purchases, you will receive 1.5 points.
Exclusive seasonal cardmember offers are available at partner merchants.

Requirements of the American Express Platinum Credit Card

Must earn at least R62,500.00 a month before tax and have a healthy credit score.
Must be over 18 years of age at the time of application.
Have a South African ID book or Smart card or a valid passport and work permit.
Proof of residence that is not older than 3 months at the time of application.
3 months latest payslips or stamped bank statements for the last 3 months.

5. SAA Voyager Premium Credit Card by Nedbank

The SAA Voyager premium credit card is an upgraded version of the SAA Voyager Gold Credit Card. When compared to the SAA Voyager Gold Credit Card, the account offers more benefits. You can expect to gain access to more credit with a credit card for your travel and lifestyle needs.

With more credit to spend and extended benefits that come with the SAA Voyager Premium Credit Card, you can expect to pay more on card fees. The account charges R2,040.00 per annum for the card fee and R30.00 per month for a credit facility fee.

Credit cardholders pay R0.00 for card replacement and additional cards taken. The premium credit card has no initiation fee, which is a plus given that credit cards have initiation fees.

Aside from card benefits, credit card holders receive benefits when they use their credit card for day-to-day expenses such as travel, lifestyle, and other expenses. The SAA Voyager Premium Credit Card provides the following benefits.

Benefits of the SAA Voyager Premium Credit Card

With the SAA Voyager American Express card, you can earn unlimited Voyager Miles at a faster rate.
You earn Miles on all eligible purchases (double in the first month).
You earn one mile for every R6 of eligible spend on your American Express card or R10.50 on your Mastercard.
Credit cardholders earn 19,000 bonus Miles on their first SAA ticket purchased and used.
When you spend R300,000 in a calendar year, you will receive 15,000 bonus Miles.
Spend R1 million in a calendar year and you’ll get an extra global companion ticket.
When you pay with your card, you will receive a 50% discount on your Nu Metro movie tickets.

Requirements of the SAA Voyager Premium Credit Card

Must earn an income of at least R25,000.00 per month.
Have a valid South African ID book or Smart card or passport and work permit.
Be over the age of 18 years at the time of application.

6. Absa British Airways Credit Card

The Absa British Airways Credit Card is a collaboration between Absa and British Airways. The credit card gives cardholders access to some of the best travel and lifestyle experiences available. Credit cardholders can earn points when they use their credit card on eligible purchases.

The credit card has a monthly fee of R95.00, which includes an R30.00 facility fee and an R65.00 account fee. Other fees that come with the credit card are as follows:

Absa charges an R2.30 ATM withdrawal fee per R100.00.
ATM withdrawal fee of R80.00 from an ATM located outside of South Africa.
A standard R80.00 fee plus R2.50 per R100.00 withdrawn is charged at the branch.
Cash deposits at a branch incur an R80.00 transaction fee plus R2.50 per R100.00 deposited.
R2.50 cash deposit fee per R100.00 deposited at an Absa ATM.

When the credit allocated to the credit card is used, interest rates apply. On point-of-sale purchases, cash withdrawals, and fuel purchases, 17.75 % interest is charged. The account credit balance incurs 0.20 percent interest, which means that any unused funds are charged interest.

The Absa British Airways Credit Card offers travel and lifestyle benefits as a travel credit card. The following is a list of the credit card’s benefits.

Benefits of the Absa British Airways Credit Card

As a reward, first-time Absa British Airways Credit Cardholders receive 5000 Avios points.
If a credit card holder spends R24,000.00 within the first three months of opening the account, they will receive 4000 bonus Avios points.
For every R7.50 spent, one Avios point is earned.
When you use the card at British Airways, you will receive one Avios point for every R5.00 spent.
British Airways executive club membership is available to credit cardholders.
When traveling within South Africa with British Airways, the credit card includes free priority check-in.
When traveling with British Airways, credit cardholders get lounge access day pass vouchers and an exclusive club offer.

The credit card is clearly beneficial for travelers, as it provides a plethora of benefits. The following requirements must be met in order to obtain the Absa British Airways Credit Card.

Absa British Airways Credit Card Requirements

The applicant must earn at least R8,000.00 per month.
Must be over the age of 18 years.
Must have a valid South African ID.
Have proof of residence that is not older than 3 months.
Have a good credit score.

7. Absa Private Credit Card

The Absa Private Credit Card combines travel and lifestyle benefits into a single credit card for the elite. To be eligible for the Absa Private Credit Card, you must make at least R62,500.00 per month.

In contrast to a standard credit card, the Absa Private Credit Card comes with a dedicated 24/7 private assistance team of bankers. You can get help booking flights, hotels, and other services with private assistance.

The credit card has a maximum credit limit of R228,000.00 and can be used for any credit purchase anywhere in the world. The Private Credit Card has a R90.000.00 swipe limit.

When you use the Private credit card, you can earn up to 30% in Absa rewards on participating purchases such as groceries, gas, and health and beauty products. Credit cardholders can earn cashback when they use their cards at any Absa digital partner.

The Absa Private Credit Card comes with some lifestyle and travel perks. The benefits available to Absa Private Credit Cardholders are listed below.

Absa Private Credit Card Benefits

There will be 24 complimentary visits to the Bidvest Airport lounge. A second complimentary visit to the Bidvest lounge for two guests per year.
When a return ticket is booked with the Absa Private Credit Card, you will receive automatic travel insurance for a variety of travel emergencies.
The credit card includes buyer protection and an extended warranty.
Coverage in the event that the Absa Private Credit Card is stolen or lost.
Access to Absa Advantage rewards, where you can earn instant cash rewards for banking more wisely.
Membership in the Absa rewards program , which allows you to earn up to 30% cashback and 30% back in rewards points on qualifying purchases.
On qualifying transactions, you can get up to 57 days of interest-free credit.
There are no transaction fees on purchases.

Requirements of the Absa Private Credit Card

Must be at least 18 years or older at the time of application.
Earn an income of R62,500.00 or more per month.
Must have a valid South African ID book or Smart card.
The latest proof of residence.
The latest proof of income for three consecutive months.

8. Private Wealth Credit Card by FNB

The FNB Private Wealth Credit Card is arguably South Africa’s most desired credit card. The Private Wealth Credit Card now has a new metal look and still maintains its tap functionality.

To be eligible for the FNB private wealth credit card , you must have an annual income of R1,800,000 or assets worth R15,000,000.00 or more. The monthly service fee for the credit card is R529.00.

As a credit cardholder, you are automatically enrolled in FNB’s rewards program, where you can earn up to 40% in eBucks . Flight tickets, car rentals, hotel reservations, Netflix subscriptions, and Spotify subscriptions are all examples of qualifying purchases that can earn you rewards.

The credit card offers a 55-day interest-free credit period on credit card purchases. Clients who use a linked credit facility can get up to 30 days of interest-free credit on card purchases.

You are entitled to the following benefits as an FNB Private Wealth credit cardholder.

FNB Private Wealth credit card benefits

When you use your Private Wealth Credit Card to book flights, hotels, or car rentals, you can earn up to 40% back in eBucks rewards.
When you use your card at Clicks, Checkers, and iStore, you can earn up to 15% back in eBucks rewards.
When booking a flight through eBucks travel, you will have access to 24 SLOW and Bidvest Premier lounges on domestic or international flights.
Engen offers up to R4 per liter back in eBucks every month, or up to R8 per liter back in eBucks every quarter when combined with WesBank .
To bank in Guernsey, you can open an FNB Channel Islands account.
The credit card includes lost card protection.
When you use the FNB Private Wealth Credit Card to book your flight, you will receive free global travel insurance.
Comes with a dedicated private banker to help you with your banking needs.

Requirements of the FNB Private Wealth Credit Card

Must have a South African ID or a passport with a work permit or a passport with a retirement permit.
Must have assets to the value of R15,000,000.00 or annual income of R1,800,000.00.
The latest proof of income such as payslip or 3 months bank statement.

9. RMB Private Credit Card

The RMB Private Credit Card is a lifestyle and travel credit card with a monthly service fee of R529.00. Credit cardholders can get a monthly service fee waiver of up to 100% if they invest R750,000.00 in the FNB money Maximiser account plus R250,000.00 in the FNB retirement annuity .

The credit card comes with a free eBucks enrollment, which allows cardholders to earn eBucks points on certain lifestyle and travel purchases. Credit cardholders can earn up to 40% back in eBucks on flights, car rentals, hotel reservations, Netflix subscriptions, and Spotify subscriptions.

RMB Private Bank credit card holders have full access to SLOW and Bidvest Premier lounges when traveling. Furthermore, when you book a flight with eBucks travel, you will receive additional airport lounge visits.

Since the RMB Private Credit Card is a black card, you will be assigned a private banker who will be available to you 24 hours a day, seven days a week. The private banker will assist with travel arrangements such as purchasing airline tickets, booking hotel rooms, and more.

When you use the RMB Private Credit Card to purchase a return ticket, you will receive free global travel insurance. The global travel insurance covers you for the first 90 days of your trip.

Additional benefits are available with the RMB Private Credit Card. All of the benefits of owning an RMB Private Credit Card are listed below.

RMB Private Credit Card Benefits

Since credit card interest is personalized, if you have a good credit score, you will receive low-interest rates.
When you book through eBucks Travel, you can save up to 40%* on selected flights and car rentals for you and your family.
Depending on your reward level, you may receive up to 36 complimentary Airport Lounge visits per year.
When you book flights through eBucks Travel, you can earn up to 24 SLOW and Bidvest Premier Lounge bonus visits – domestic or international – for you and your family.
Earn up to 15% back in eBucks when you shop for health and beauty at Clicks.
With the Mr D Food App, you can earn and spend eBucks on food orders.
Earn more eBucks with Smart Spend when you use your RMB Private Bank Credit Card.
When your family banks with RMB Private Bank, you can earn up to 40% back in eBucks on your Netflix and Spotify® subscriptions.
Your personal Private Bank Advisor and service team Banking is available 24 hours a day, seven days a week through the RMB Private Bank App and online.
When you use your credit card to buy return tickets, you automatically get Global Travel Insurance.

Requirements of the RMB Private Credit Card

Must earn at least R750,000.00 or more per annum, or have net assets value in a cess of R15,000,000.00.
Have a valid South African ID book or a passport with a work permit if you are from a foreign country.
The latest proof of income in a form of a payslip or 3 months bank statement.

10. Capitec Bank Global One Credit card

The Capitec Bank Global One credit card is a hybrid credit card that offers both travel and lifestyle benefits. The credit card has a monthly fee of R40.00, and the interest rate on the credit card is personalized and starts at 7.25 %. The credit card has a maximum credit limit of R500,000.00, but the credit limit is determined by income and affordability.

To be eligible for the Capitec Bank Global One credit card, you must be employed and earn at least R5,000.00 per month. Self-employed individuals must earn at least R10,000.00 per month to be eligible for the credit card. A good credit score is also required to qualify for the account.

The credit card includes a 55-day interest-free credit period for credit purchases. If the outstanding debt is settled before the next installment’s due date, the account will not accrue interest. At least 5% of the total amount of credit used must be repaid on a monthly basis.

On a positive balance, the Capitec Bank Global One credit card pays interest of 2.25% per annum. This positive balance is any amount that exceeds Capitec Bank’s credit limit.

The aforementioned card benefits are not the only benefits of the Global One credit card. The following are some of the travel and lifestyle benefits available to account holders.

Benefits of the Capitec Bank Global One credit card

Credit cardholders can choose between a shorter budget duration and a longer budget duration of 48 months.
You can get free lost card protection, which protects you from losses caused by fraudulent use before reporting the card as lost or stolen.
Free basic cover for emergency medical and related expenses of up to R5 million, as specified in the benefit schedule provided by Travel Insurance Consultants.

Requirements of the Capitec Bank Global One credit card

Must earn at least R5,000.00 if employed and R10,000.00 if self-employed.
Be at least 18 years or older at the time of application.
Must have a valid South Africa ID.
Have a 3 months bank statement and/or a payslip if employed.

Travel credit cards are an excellent choice for frequent travelers because they provide a variety of travel benefits. Those who do not travel frequently can still benefit from hybrid credit cards that offer entertainment, lifestyle, and travel benefits.

It is critical to compare travel credit cards on the market to ensure that you receive the best travel benefits. This is due to the fact that everyone has different travel needs; some people prefer to delegate the entire planning process to others, while others prefer hotel upgrades, and so on. As a result, obtain the credit card that will best suit your travel requirements at any destination you intend to visit.

William Dube

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Premium Rewards Booster at Dis-Chem

Premium Package credit card customers get an extra 10% when they spend at Dischem with their current Premium credit card earned when spending at Dischem.
To qualify for the Premium booster, spend a minimum of R7 000 monthly on your Premium credit card during the Rewards accrual period, including Dis-Chem and other qualifying credit card spend.
Tier 5: from 30% to 33%
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Tier 3: from 2.5% to 2.75%
Tier 2: from 1.5% to 1.65%
Tier 1: from 1% to 1.1%

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10 Best Exclusive Credit Cards in South Africa

In 2024 , the financial instrument market in South Africa is steadily evolving and credit cards are leading this transformation.

This comprehensive guide explores the ten most elite credit cards available in South Africa, showcasing their unrivaled status along with the array of benefits they offer to selective clients.

In this in-depth guide, you will learn:

The Most Exclusive Credit Cards in South Africa (2024) – a List
The Most Prestigious, Expensive Credit Cards in SA
The Most Exclusive Credit Cards with the Lowest Interest Rate
What is the Best, Highest Tier of Credit Card available in South Africa
The Best Credit Bank Cards for Businesses

and much, MUCH more!

10 Best Exclusive Credit Cards in South Africa – A Comparison

10 best exclusive credit cards in south africa (2024).

☑️ ABSA Private Banking Credit Card – Overall, the Most Exclusive Credit Card in South Africa
☑️ Discovery Bank Purple Wealth Suite – Unrivalled Travel Incentives
☑️ Virgin Money Credit Card – 0% transaction costs on Foreign Currency Purchases
☑️ FNB Black Credit Card – Up to 55 days of Interest-Free Purchases
☑️ Nedbank Private Wealth Credit Card – 24-hour Service Suite
☑️ FNB Private Wealth Credit Card – eBucks Lifestyle Perks
☑️ Standard Bank Signature Banking Credit Card – Offshore banking choices
☑️ RMB Private Fusion Account Credit Card – eBucks Reward System
☑️ American Express Platinum Credit Card – Access to over 1,200 airport lounges worldwide
☑️ Investec Private Banking Credit Card – Up to 45 days of interest-free purchases

Get a credit card with personalised interest rates and much, much more.

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10% to 75% off flights. Plus, Priority Fast Track so you can skip airport queues.

10% to 25% off accommodation and car hire

Access to The Lounge, our exclusive pre-flight experience with SAA's airport lounges

Up to 75% back on healthy groceries at Pick n Pay or Woolworths
Up to 50% back on HealthyCare items from Clicks or Dis-Chem
Up to 20% back in Ðiscovery Miles on qualifying fuel spend and Uber rides
Up to 30% off when you shop with Ðiscovery Miles on Miles D-Day
Dynamic Interest Rates - where you pay less on your credit

10 Best Exclusive Credit Cards in South Africa (2024)

ABSA Private Banking Credit Card

The ABSA Private Banking Credit Card in 2024 offers a range of advantages tailored for the discerning cardholder who qualifies with a monthly salary of R62,500. Financial flexibility is provided by the absence of transaction fees on purchases and up to 57 days interest-free.

The credit limit of R228,000 caters to significant expenditure requirements. Travel insurance, global help services, and medical or legal referrals provide peace of mind when traveling.

South Africans can use these tools for daily financial management and international travel, combining convenience and security.

Discovery Bank Purple Wealth Suite

In 2024, the Discovery Bank Purple Wealth Suite will be the peak of luxury for South Africa’s ultra-rich. This card, designed for those with a minimum annual income of R2.5 million, goes beyond typical banking norms.

Its metal credit card is a status symbol and a payment tool. The suite provides unrivaled travel incentives, such as up to 100% off domestic and international business class flights and luxurious accommodations, making it ideal for regular travelers.

The limitless airport lounge access enhances trip comfort. Personalized banking services ensure that each cardholder’s financial demands are addressed methodically, while higher investment rates increase wealth growth potential.

Furthermore, free gym subscriptions at Virgin Active or Planet Fitness cater to the health-conscious, combining lifestyle with financial luxury. South Africans can use these elements to achieve a healthy balance of financial progress, travel luxury, and personal well-being.

Virgin Money Credit Card

In 2024, the Virgin Money Credit Card combines elegance and ease for South Africans. Its high credit limit and exclusive discounts on Virgin products and services cater to a luxurious and elite lifestyle .

It is perfect for frequent travelers due to Access to VIP events , complimentary travel insurance, and 0% transaction costs on foreign currency purchases.

The rewards program offers cash back on all purchases and provides financial incentives. South Africans can maximize points and enjoy luxurious advantages by incorporating this card into their purchasing.

FNB Black Credit Card

In 2024, the FNB Black Credit Card series, which includes alternatives such as the FNB Private Wealth Credit Card, will serve high-net-worth individuals and enterprises in South Africa.

The card, designed for customers with significant income or assets, offers up to 55 days of interest-free purchases, eBucks rewards on selected retail purchases, access to the SLOW Lounge, and a substantial credit facility.

These features are suitable for handling high-value transactions and experiencing luxury travel. Cardholders in South Africa can maximize their benefits by incorporating the card into their daily financial activities and vacation plans, ensuring a comfortable and efficient lifestyle.

Nedbank Private Wealth Credit Card

In 2024, Nedbank’s Private Wealth Credit Card redefines personalized banking for individuals with a yearly income of at least R2 million or investable assets of at least R5 million.

The 24-hour Service Suite on the card is a unique feature, assisting with banking issues, lifestyle needs, event booking, and reward redemption. This degree of personalized service is especially advantageous for busy professionals who value efficiency and ease.

The addition of multi-trip travel insurance with Visa Infinite provides an extra degree of security to vacation plans. South Africans can use this card to simplify their financial and lifestyle management, giving them peace of mind and better experiences.

Nedbank Private Wealth Bundle Account Credit Card

FNB Private Wealth Credit Card Credit Card

The FNB Private Wealth Credit Card , available to customers earning more than R1.8 million per year or with a net asset value of more than R15 million, exemplifies financial exclusivity in 2024.

This metal card is more than a financial instrument; it also serves as a portal to a world of special eBucks lifestyle perks. The card’s 55-day interest-free purchasing period is very useful for effectively managing cash flow.

Private banking advice and specialized financing services target high-net-worth clients’ financial demands.

Access to over 1,000 airport lounges worldwide offers a pleasant travel experience. South African cardholders can take advantage of these features to the fullest by incorporating the card into their daily financial management and vacation plans, creating a seamless balance of luxury and practicality.

Standard Bank Signature Banking Credit Card

The Standard Bank Signature Banking Credit Card , which requires a monthly income of R92,000, is designed for customers looking to increase the size of their wealth portfolio.

Cardholders can make informed financial selections thanks to bespoke portfolio management. A specialized banker delivers personalized financial guidance, giving banking a more personal touch.

Offshore banking choices provide access to worldwide financial prospects, while emergency services are available 24 hours a day, seven days a week.

South Africans can use this card to diversify their investments and manage their finances with a global perspective, all while benefiting from the security of 24-hour support.

Standard Bank Signature Banking Credit Card

RMB Private Fusion Account Credit Card

The RMB Private Fusion Account Credit Card symbolizes financial sophistication in 2024, aimed at customers earning R750,000 or more annually. The total metal card is a status symbol and a payment tool.

It provides personalized credit solutions to each cardholder’s specific financial demands. The Free lounge access and incentives comparable to the FNB eBucks reward system add layers of luxury and ease.

South African cardholders can maximize the benefits of this card by personalizing their credit solutions and using the rewards and lounge access while traveling.

American Express Platinum Credit Card

In 2024, the American Express Platinum Credit Card will remain a popular option for high-income South Africans.

The card’s premium perks cater to a lavish lifestyle, including complimentary access to over 1,200 airport lounges worldwide, full travel insurance, and membership rewards points on every expenditure.

The cardholder’s lifestyle is enhanced with special dining experiences and preferential treatment at premium hotels worldwide. South Africans can use these features for a premium travel experience while earning reward points for future benefits.

Investec Private Banking Credit Card

The Investec Private Banking Credit Card offers a variety of incentives geared to the modern financial landscape to customers earning R800,000 per year. The Visa Platinum credit card offers up to 45 days of interest-free purchases, allowing for better cash flow management.

Making unlimited free ATM withdrawals locally and internationally adds to the convenience, particularly for travelers. The complimentary access to local and international lounges improves the travel experience.

South Africans can make the most of this card for daily financial management and overseas travel, resulting in a seamless and elegant experience.

The Evolution of Credit Card Exclusivity in South Africa

South Africa’s credit card landscape has changed dramatically by 2024, showing a shift towards exclusivity and luxury. Credit cards were formerly merely financial tools but now represent status and sophistication.

This trend reflects South Africa’s expanding economy and rising demand for premium financial goods among the country’s affluent population. The transition from utilitarian plastic to prestigious symbols began in the early 2000s when banks introduced cards that provided more than a credit line.

These cards provided a variety of privileges, ranging from travel perks to special event access, and catered to a small but expanding clientele of high-net-worth individuals .

In 2024, this trend has accelerated, with cards providing luxurious benefits and serving as a testimonial to the cardholder’s financial status and lifestyle. The most prestigious credit cards in South Africa now provide personalized concierge services, admission to special clubs, and high spending restrictions.

They are no longer merely a means of payment but also a gateway to a world of luxury, reflecting a synthesis of global trends and local preferences. This transition heralds a new age in South African financial services, characterized by exclusivity and personalization.

The Evolution of Credit Card Exclusivity in South Africa

The Impact of Exclusive Credit Cards on Personal Finance

In South Africa, exclusive credit cards have transformed from transactional tools to crucial resources significantly influencing financial administration and prosperity.

These elite cards are specifically developed for affluent individuals and offer several advantageous features that can enhance one’s monetary approach when used smartly. However, they do require a considerable level of fiscal responsibility to evade potential risks.

The Role of Credit Cards in Wealth Building

Exclusive credit cards are important in financial management since they influence credit scores. These high-end cards frequently come with bigger credit limits for South Africans, which, if managed properly, can lead to a better credit utilization ratio, a critical feature in credit score computations.

Responsible credit usage, such as making on-time payments and keeping a low amount relative to the credit limit, can greatly improve credit scores.

The temptation to overspend owing to large credit limits, on the other hand, is a significant worry. Cardholders must be self-disciplined and have a thorough awareness of their financial situation.

Regular spending tracking, setting up automatic payments to avoid late fees, and keeping track of one’s credit score are all necessary procedures.

By doing so, cardholders maintain a healthy credit score and better understand their spending habits, allowing them to make more informed financial decisions.

Financial Management and Credit Scores

Exclusive credit cards can be valuable in your quest for financial gain. Many of these cards offer enticing perks and cashback rewards for your spending, which can be channeled towards savings or directed into various financial instruments.

For instance, the points accumulated through travel or dining expenses can be leveraged to offset upcoming costs, enabling you to earmark those savings for potential investment endeavors.

Moreover, credit cards offer supplementary advantages such as access to financial guidance, investment amenities, and enhanced interest rates on savings accounts , which can facilitate the expansion of wealth.

These services allow South Africans to acquire knowledge regarding investing methods, market trends, and fiscal planning essential for enduring prosperity.

Leveraging Rewards for Maximum Benefit

Understanding and utilizing the special credit card rewards system is critical. Cardholders should match their card usage to their buying habits to maximize rewards.

For example, using a card with high travel rewards to book flights and hotels might accumulate large points over time. These points can then be redeemed for travel, experiences, or even cash, which can be used to supplement financial savings or invest money.

Managing Debt and Interest Rates

While unique credit cards can offer appealing perks, they carry high-interest rates, particularly on delinquent amounts. Effective debt management is critical. Cardholders should attempt to pay off their accounts in full each month to minimize interest.

When holding a balance is inevitable, it is critical to understand the interest rate terms and arrange repayments to minimize costs. This method ensures that interest payments do not exceed the card’s benefits.

The Impact of Exclusive Credit Cards on Personal Finance

Criteria for Defining Exclusivity

In the South African financial environment , the exclusivity of a credit card is defined by a set of specified criteria rather than simply branding.

These factors distinguish the most unique credit cards from regular options, making them sought-after financial instruments for the wealthy. Understanding these characteristics is essential for comprehending the worth and prestige of these cards.

Tailored Financial Services

Tailored financial services are often provided alongside exclusive credit cards. These bespoke offerings comprise individualized financial guidance, investment strategies, and, in a few instances, even wealth management. The primary focus is on maintaining wealth and increasing it for affluent individuals residing in South Africa.

Such personalized advice and provisions are extremely beneficial as they cater to unique requirements, such as each client’s personal finance situations, objectives, and risk preferences.

Perks and Privileges Beyond the Basics

Exclusive credit cards provide benefits and privileges that go much beyond the basics of conventional cards. Access to exclusive airport lounges, complete travel insurance, concierge services, and exclusive invitations to events are some examples.

These perks are not simply about convenience or luxury in South Africa , where lifestyle and status are important; they are about offering experiences and services that resonate with the affluent’s lifestyle.

Concierge services, for example, can range from simple activities like scheduling a restaurant to organising customized travel experiences.

Similarly, the travel insurance policies associated with these cards are frequently more comprehensive, providing greater coverage and encompassing issues such as medical evacuation, an important concern for the global traveler.

Annual Fees and Interest Rates

A credit card’s yearly fee and interest rate structure are important factors in determining its exclusivity. The most exclusive credit cards in South Africa typically have higher annual fees.

This is not just for exclusivity; these fees frequently correspond with a package of premium advantages and services that normal cardholders cannot access.

However, it is not simply a matter of paying more; the value obtained from these fees should outweigh the cost, which is an important consideration for potential cardholders.

Another crucial factor is interest rates. While exclusive cards may offer reduced interest rates as a reward, they frequently come with a catch: the rates are preferential but still depend on the cardholder’s creditworthiness and financial behavior.

This feature emphasizes the significance of keeping a solid credit score and financial discipline, even when using a high-end credit card.

Security Features and Fraud Protection

Exclusive credit cards frequently offer superior security features and fraud prevention in an era when digital security is vital. Examples of such features include biometric security measures, real-time transaction alerts, and the ability to lock and unlock cards via a mobile app.

These elements provide peace of mind and additional protection against fraud for South Africans who may be particularly concerned about financial security.

The Future of Exclusive Credit Cards in South Africa

The Future of Exclusive Credit Cards in South Africa promises significant changes ahead. The industry, renowned for its luxury and exclusivity, is poised to undergo a major shakeup fuelled by emerging trends, technological advancements, and evolving consumer preferences.

Given these factors’ dynamic nature, comprehending them when predicting how the sector will evolve and impact the local market scene is essential.

The Role of Technology and Innovation

In South Africa, the evolution of exclusive credit cards is fuelled by technology and innovation. The fusion of artificial intelligence (AI) and machine learning with financial services ranks among its most notable technological advancements.

These cutting-edge technologies facilitate more individualized and effective customer service, personalized recommendations based on predictive analytics, and enhanced security measures.

Contactless payments and mobile wallet integration are becoming commonplace, but future cards may go a step further by including biometric authentication, such as fingerprint or facial recognition, for enhanced security and convenience

Another area with potential influence is blockchain technology. It has the potential to revolutionize transaction processing while also improving security aspects.

The intrinsic qualities of blockchain, such as decentralization, transparency, and immutability, may result in more safe and efficient transaction procedures, which is an important concern in the exclusive credit card business.

In addition, it is anticipated that the utilization of virtual cards – digital substitutes for physical cards stored on a mobile device – will expand. Virtual cards offer convenience and reduce the risk of misplacement or theft, in addition to being easily issued or invalidated at any moment.

Such features provide an elevated degree of adaptability and safety sought after within the high-end credit card market.

The Future of Exclusive Credit Cards in South Africa

The Best Credit Cards in South Africa

In this article, we have listed the best credit cards in South Africa. We have further identified the credit cards with additional cover and benefits for South Africans.

Best Travel Credit Card in South Africa

Overall, the American Express Platinum Credit Card by Nedbank is the Best Travel Credit Card in South Africa.

The American Express Platinum Credit Card by Nedbank is the best travel credit card in South Africa because of its extensive travel advantages, which include complimentary travel insurance, a priority pass facility for lounge access, and discounts on airline tickets with chosen carriers.

Best Credit Card Deals in South Africa

Overall, Investec Private Banking Credit Card offers the Best Credit Card Deals in South Africa. The Investec Private Banking Credit Card is known for its competitive perks, such as up to 45 interest-free days on card purchases, unlimited free ATM withdrawals domestically and internationally, and complimentary lounge access.

Its rewards program provides tremendous savings and exclusive deals, making it an appealing pick for bargain hunters.

Best Credit Card For Business in South Africa

Overall, the FNB Enterprise Business Credit Card is the Credit Card for Business in South Africa. The FNB Enterprise Business Credit Card provides extensive perks for high-revenue enterprises, such as complimentary lounge access, global customer help, complete global travel insurance, and specific industry solutions.

It is a fantastic alternative for commercial use due to its emphasis on operational efficiency and distinct features.

Best South African Credit Card for International Travel

Overall, the Nedbank Gold Credit Card is the Best South African Credit Card for International Travel. The Nedbank Gold Credit Card provides a nice blend of travel-related incentives and is an excellent option for foreign travel.

Best Hotel Credit Card in South Africa

Overall, the SAA Voyager Premium Credit Card by Nedbank is the Best Hotel Credit Card in South Africa. It caters to travelers looking for hotel-related rewards by providing benefits such as discounts on hotel stays and bonus miles for hotel bookings.

SAA Voyager Premium Credit Card Features and Benefits

Best Credit Card for Online Shopping in South Africa

Overall, the Standard Bank World Citizen Credit Card is the Best Credit Card for Online Shopping in South Africa. The Standard Bank World Citizen Credit Card provides exceptional online shopping privileges, such as discounts at various online merchants and free internet access from AlwaysOn Wi-Fi. This makes it a good choice for frequent online shoppers.

Best Dining Credit Card in South Africa

Overall, the FNB Gold Card is the Dining Credit Card in South Africa. The FNB Gold Card is a wonderful option for dining, as it offers eBucks points on various purchases, including dining, making it great for individuals who dine out frequently.

Best Credit Card for Groceries in South Africa

Overall, the ABSA Flexi Core Card is the Best Credit Card for Groceries in South Africa. The ABSA Flexi Core Card provides cashback incentives for using the card to make purchases, which might be useful for supermarket shopping.

Best Credit Card for Travel Insurance in South Africa

Overall, the FNB Aspire Credit Card is the Best Credit Card for Travel Insurance in South Africa. When used to purchase return flights, the FNB Aspire Credit Card provides travel insurance, making it an excellent choice for consumers who value travel insurance.

In Conclusion

In our experience, the landscape surrounding exclusive credit cards in South Africa in 2024 is complex yet exciting. According to our research, these cards are more than just financial instruments; they are status symbols, entry points to luxury experiences, and facilitators of comprehensive financial management.

The attractiveness of credit cards stems not only from their capacity to expedite transactions but also from the plethora of benefits they provide, from admission to special lounges and events to complete travel insurance and personalized financial services.

However, it is critical to approach these restricted credit cards with caution. While they provide unrivaled benefits and advantages, they also come with duties and necessitate a high level of financial discipline.

Although justified by the premium services, the high annual fees and interest rates need a careful review of the cost-to-benefit ratio.

These cards can be a significant asset for the discriminating consumer, increasing lifestyle and financial management. However, the value proposition is reduced for people not fully utilize the services provided.

Overall, we can conclude that, in 2024, the most exclusive credit cards in South Africa cater to a niche market, giving personalized services that complement the affluent’s lifestyle.

Furthermore, they are symbols of financial success and sophistication. Still, their worth is realized only when their perks are effectively utilized and aligned with the cardholder’s lifestyle and financial objectives.

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Frequently Asked Questions

Are exclusive credit cards in south africa invitation-only.

Yes, some South African exclusive credit cards are invitation-only, requiring potential customers to meet high income or wealth standards.

What qualifies a credit card as ‘exclusive’ in South Africa?

Exclusive credit cards in South Africa often offer lavish privileges and are only available to persons with a high income or large net worth.

Is a high annual fee typical for exclusive credit cards in South Africa?

Yes, most premium credit cards have a hefty annual charge reflecting their premium services and privileges.

Are exclusive credit cards in South Africa linked to specific banks?

Yes, major banks and financial organizations offer the most distinctive credit cards, each with its own set of privileges and conditions.

Do exclusive credit cards in South Africa offer better security features?

Yes, these cards typically have enhanced security measures and personalized customer care for improved security and convenience.

Can I get cashback with exclusive credit cards in South Africa?

Yes, cashback rewards are a common feature and are frequently geared to high-spending lifestyles.

Can exclusive credit cards in South Africa improve my credit score?

The proper usage of these credit cards, like any other credit card, can have a favorable impact on your credit score.

What kind of rewards do exclusive credit cards in South Africa offer?

They frequently provide rewards such as travel perks, lounge access, luxury accommodations, and lifestyle experiences.

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Best Banks For The Wealthy In South Africa

If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me ([email protected]) or use WhatsApp (+44-7393-450-837).

Often superior options exist internationally, outside of South Africa.

Introduction

South Africa’s biggest retail banks for the wealthy each provide a top-tier account that is only available to the wealthiest citizens of the nation.

Each account has a minimum annual wage requirement that varies from R750,000 to R2.5 million or a significant minimum requirement for investable assets.

The high-income group is a lucrative market, even if South Africa’s banking industry has turned into a battleground for no-fee or low-cost accounts, hoping to entice the country’s unbanked.

6 Best Banks for the Wealthy in South Africa

1. discovery purple.

Discovery Bank , a new player in the market, does not provide low-income or entry-level accounts but instead distinguishes itself by providing a unique “Purple” account with the highest salary criteria out of all the retail accounts promoted by the big banks for the wealthy.

An applicant for a Discovery Purple account must make at least R2.5 million yearly (more than R200,000 per month) in order to benefit from the significant savings and “bespoke account structure” on offer.

It costs R570 per month and R2,950 per year to maintain the Discovery Purple account.

Rewards consist of 65% back on nutritious food, 75% off exercise equipment, and 100% off gym memberships at Planet Fitness or Virgin Active locations in South Africa .

Discovery made it clear that a cardholder must maintain a monthly salary of R208,000 for 12 months in a row in order to continue to be eligible for some advantages, such as savings on business class flights.

Best Banks For The Wealthy In South Africa

2. FNB Private Wealth/ RMB Private Fusion Account

FNB offers private wealth services that call for an R1.5 million yearly salary or an R15 million net asset worth. With such a salary requirement, it is surely one of the banks for the wealthy in South Africa.

The admission requirements for RMB Private Banking , which is closely affiliated with FNB as a member of the FirstRand Group, are identical to those for FNB Private Wealth and call for a minimum annual salary of R1.5 million or a minimum net asset value of R15 million.

An FNB Private Wealth account costs R529 per month to maintain, compared to R499 for FirstRand Bank’s corporate and investment division.

The eBucks Reward program, which FNB and RMB both use, offers discounts on items including technology, travel, and lodging. The following are some advantages that FNB and RMB provide to their higher-income clients:

Private banking advice.
Advice-led investments.
Access to specialized lending.
Risk and fiduciary advice.
Access to over 1,000 airport lounges globally, with an FNB Global Debit Card and Lounge Key.
Special access to a philanthropy centre.

3. Nedbank Private Wealth

Nedbank offers private wealth services that call for an R1.5 million annual salary or R5 million in investable assets.

With two cards available and a monthly fee of R468, the Nedbank Private Wealth package account is a transaction account.

This account provides cardholders with 24-hour service 365 days a year, among other things such as:

Service that can book events for you or arrange flower deliveries.
Free airport lounge access.
Concierge service that includes travel booking assistance.
Accommodation and vehicle hire discounts and special prices
Access to the Greenbacks program, which entitles cardholders to exclusive discounts and the opportunity to earn double Greenbacks when you use the card.
Global assistance with Visa when needed.

4. Standard Bank Signature Banking

The Standard Bank Signature Account has bundled services and perks that cost R480 per month, with an additional R75 for Family Banking.

A few advantages are but are not exclusive to:

Make a phone call to your Signature banker.
When you spend over R500 at Wine-of-the-Month Club, you will receive a 15% discount.
Priceless Specials provides lifestyle discounts on the Mastercard® Buy 1 Get 1 app.
Lifestyle Rands can be earned and spent at over 250 Lifestyle partners.
Priceless Cities provides exclusive travel deals.
Our dedicated Signature Travel desk can help you with travel bookings, visas, currency exchange, and complete travel insurance.
24 visits to over 900 airport lounges each year*
When you book via Leisure Desk, you may save up to 20% on Emirates flights*.
You can save up to 15% on Hertz car rentals and get one free car upgrade.
You can save up to 15% on luxury serviced apartments.
You can open an offshore bank account and earn UCount Rewards Tiering Points based on your offshore deposits.
Your monthly account fees will be refunded in Standard Bank Mobile airtime*.
Microsoft Digital Literacy training is available for free.

5. Investec Private Banking

Investec, a private banking company, has previously kept quiet about the salary thresholds needed to get an account, but it has now opened applications to anybody making over R800,000.

The bank virtually solely caters to professionals and high-net-worth individuals, and it even attributes its success in surviving the nation’s turbulent economic climate in recent years to its extremely selective clientele.

With a base of at least R750,000, Investec is higher than Absa but lower than Standard Bank (a minimum of R1.1 million).

The Investec Private Banking Account costs R555 per month and comes with the following benefits:

Earn one Rewards point for every R5 spend online or in-store on your Investec Visa card.
A single view of all of your Private Banking and global Wealth & Investment accounts.
Rate discounts on overseas transfers.
Market-leading interest rates on your cash investments at no extra charge.
The monthly cost for online share trading platform
A comprehensive overview of your global finances.
Upload and securely save digital copies of your key papers, such as identification cards, to Investec Online and the App . You will have easy access to these documents anytime you need them.
LoungeKey international lounges: Investec Platinum Visa cardholders have unlimited access to LoungeKey lounges globally.
Key lounges: international admission.
Investec Platinum Visa cardholders have unlimited access to SAA-owned and Bidvest Premier Lounges in South Africa .
Guest and child at SAA & Bidvest Premier Lounge (South Africa).

6. Absa Private Banking

The Absa Private Banking account has the lowest entrance barrier of all the listed banks for the wealthy in South Africa, with a monthly charge of R460 or R540 if linked to a Private Bank One or Structured Loan. Cardholders receive the following benefits:

Access to the rewards program offered by Absa, including automatic participation in Absa Rewards, no additional monthly fees, the ability to get rewards in cash (rand for rand), and access to bonus advantages.
Services offered by stockbrokers include the option to trade shares online , a waiver of the annual administration charge, and lower brokerage costs.
Forex Multi-Currency Cash Passport provides access to funds while travelling abroad, up to four currencies on one card, and a partial waiver of the first commission due.
6 visits a year to LoungeKey-affiliated airport lounges.
Utilize an overdraft to obtain additional funds and cover unforeseen costs.
Use of your Private Banking Credit Card to gain access to neighbourhood Bidvest Premier lounges.
When you use your Visa credit card to purchase an airline ticket and lodging, travel insurance is provided to the account holder and any travelling companions.

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Absa
Register for Absa Online Banking. Enjoy exclusive travel benefits with Private Banking. As a Private Banking customer you will enjoy travel benefits, which include reduced cash withdrawal rates, loading multiple foreign currencies, exclusive airport lounge access and more. We have great offers for you at some of South Africa's premier resorts ...
Save with Absa & Travelstart
Exclusive benefits for members of Absa Rewards. Book with your Absa card and earn up to 30% cash back depending on your tier. Earn Rates: Tier 1 customers earn 1.5% cash back. Tier 2 customers earn 3% cash back. Tier 3 customers earn 5% cash back. Tier 4 customers earn 10% cash back. Tier 5 customers earn 30% cash back. View T&Cs.
Absa Private Banking Account Review 2022
The Absa Private Banking Account is the best bank account that Absa offers to individuals. The account has many benefits that include travel benefits, lifestyle benefits, and banking benefits. Clients get access to a dedicated private banker who is available to them 24/7. Should the dedicated private banker be unavailable for any reason, he or she will assign a client to another private banker ...
An overview of private banking accounts
RMB's private offering and pricing is virtually identical to FNB's Private Wealth account. One must earn a gross income of R750 000 and above per year to qualify for RMB's; or earn more than R1.5m a year or have a net asset value of R15m or more for FNB's. Perks: The account offers your spouse or partner a discounted monthly fee of R269 ...
Travel insurance
How do I top up my travel insurance? How do I submit a claim?
Apply online for your Absa Private Banking Credit Card
Automatic travel insurance* for travel emergencies Buyers Protection and Extended Warranty Free lost card protection: Call us on 0800 111 155 if your card is lost or stolen
Credit Card Private Banking Absa
To apply for the ABSA Private Banking Visa Signature Credit Card, click the button above to access all the necessary details and application process. Discover how this prestigious card can unlock exclusive financial privileges, personalized service, luxury travel benefits, and more.
South Africa's most exclusive bank accounts for the super rich
Investec charges R535 per month for its private bank account, with a host of benefits: Absa Private Banking. Absa's Private Banking option carries the lowest barrier to entry, and carries a fee ...
Absa Credit Card Review ☑️ Unbiased Pros and Cons (2024)
Absa Private Banking Credit Card Features and Benefits . The Absa Private Banking Credit Card comes with the following features and ... With a focus on providing convenience, value, and access to the finest offerings, Absa's Travel Benefits cater to the needs of discerning travelers. From reduced cash withdrawal rates to access to premier ...
The most exclusive credit cards in South Africa
Travel benefits include multi-trip travel insurance with Visa Infinite that can cover up to $2.5 million (R38,300,000). ... Absa Private Banking. The second purple card on this list, the Absa ...
10 best travel credit cards in South Africa 2024
The Absa Private Credit Card combines travel and lifestyle benefits into a single credit card for the elite. To be eligible for the Absa Private Credit Card, you must make at least R62,500.00 per month. In contrast to a standard credit card, the Absa Private Credit Card comes with a dedicated 24/7 private assistance team of bankers.
Bank accounts for South Africa's wealthy
Investec Private Banking. Investec Private Banking Account requires a monthly fee of R555, and includes the following benefits: Earn one Rewards point for every R5 spent on your Investec Visa card ...
Get an Absa Premium Credit Card Package and save on fees
Benefits of a Premium Package. Discount on fees. Save up to 22% on monthly fees. Rewards Booster. Get 10% cashback for your spending at Dischem. Travel benefits. Complimentary access to Bidvest Premier Domestic and International airport departure lounges. * Travel insurance for international bookings.
Travel insurance
Call us on: +254 (20) 3900000 (Landline) +254 (722) 130120 (Mobile) +254 (732) 130120 (Mobile) Chat to Abby on WhatsApp: +254 710 130000. Email us: [email protected]. Journey with confidence knowing that all your travel emergencies will be covered when you are travelling abroad. Absa travel insurance is here to cover you.
South Africa's most exclusive credit cards
Standard Bank Signature Banking: R530 +R35 (7.0%) Absa Wealth Infinite: ... 24-hour concierge service for personal travel and lifestyle needs. Emergency assistance; Travel and lifestyle benefits ...
10 Best Exclusive Credit Cards in South Africa
ABSA Private Banking Credit Card - Overall, the Most Exclusive Credit Card in South Africa. Discovery Bank Purple Wealth Suite - Unrivalled Travel Incentives. Virgin Money Credit Card - 0% transaction costs on Foreign Currency Purchases. FNB Black Credit Card - Up to 55 days of Interest-Free Purchases.
Best Banks For The Wealthy In South Africa
With a base of at least R750,000, Investec is higher than Absa but lower than Standard Bank (a minimum of R1.1 million). The Investec Private Banking Account costs R555 per month and comes with the following benefits: Earn one Rewards point for every R5 spend online or in-store on your Investec Visa card.
Premier Banking
Call our 24/7 Service Centre: +230 402 1000. Chat to Abby on WhatsApp: +230 5919 0001. Email us: [email protected]. Premier banking recognises you for who you are. Get banking, lifestyle and travel, and other benefits reserved for our Premier banking clients.
Every kind of personal account for every kind of you
Fixed Deposit Savings Account. Benefits. Minimum balance required is KES50,000 to open the account. No account charges. Competitive interest rates. Choose your interest payment frequency from monthly to annually. Let us contact you.