When used responsibly, credit cards can be a powerful financial tool that will assist you to build a good credit score which in return might mean you can qualify for bigger loans in life, such as a home loans or car finance.  It is essential to stick to repayment terms of a credit card, as long as you can use a credit card responsibly, there are endless advantages to using a credit card.

Various credit cards offer reward programs which can allow you to earn money or some reward in return for using your credit wisely.  They are also very convenient and are accepted by most merchants internationally. They also mean less walking around with cash and being safer in regards to how you carry ‘money’ around.

We have put together some advantages for you:

The convenience factors

As mentioned, your credit card gives you instant access to money without you actually having to carry it around.

Security and protection against fraud

The security features that go into a credit card makes it safe to not only shop online but also in-store.

Accepted worldwide

You can use a MasterCard or Visa credit card to pay for things while abroad.  And if it’s super urgent, you can even withdraw cash from ATMs.

Build up your credit record

Using and paying off a credit card timeously is an easy way to build up a positive credit record. This means quicker approval for loans and possibly even lower interest rates.

Collect Rewards Points

With most credit cards, you get reward points when you use your credit card for everyday purchases. You can use these reward points with various partner retailers.

Easy Payment Solutions

The budget facility on a credit card means you can pay off big expenses, like an unexpected medical emergency, a new fridge or a missed flight, in monthly instalments.

Travel made easy

Receive free basic travel insurance when paying for overseas flights with your credit card and you will not be charged any foreign transaction fees


Putting a hold on a rental car or hotel room is easy with a credit card

Moneyshop offers our clients various credit card form top credit providers in South Africa, see which one you like and qualify for here.


Until next time.


The MoneyShop Team