Credit cards for blacklisted people in South Africa are on offer as a different type of finance solution. If you need a credit card but you are blacklisted then these are available in the form of prepaid cards. They come as MasterCard and VISA cards and are accepted at vendors throughout the world. One of the requirements to qualify for these types of credit cards is that you must have your salary paid directly onto the card account.
People in South Africa who qualify for these credit cards:
- Blacklisted people
- People under debt review
- Bad credit clients
- Low income clients
- Those who do not qualify for a normal card
Benefits of Credit Cards for Blacklisted People
If you are are blacklisted the biggest benefit to having this type of credit card is that you will receive an update monthly. This goes on your credit record stating that you are in possession of a card and that you make payments on time and in a responsible manner.
So this will help you turn a bad credit record into a good one. These types of cards are an excellent solution for someone with a poor credit history. Or for people who are in the middle of a bankruptcy debt review situation.
No bank account is required to qualify for this kind of card. In addition there are no credit checks involved. You can use them worldwide, pay bills. Withdraw cash from other accounts at an ATM cash machine and receive your wages or salary directly onto your card.
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Getting hold of one of these cards is hassle free and simple and requires no long and frustrating approval process. There maybe a small deposit or fee at the time of applying for one of these cards. However all in all this is a great solution for those who need a credit card but are blacklisted or have a bad credit history.
In addition this is a good solution for low income earners that need a credit card.
Applying for Credit Cards if you are Blacklisted
You can apply online if you want to get prepaid credit cards for blacklisted people to shop with in South Africa. So you know that it is an effortless procedure. Some of those that are available also come with a budget facility. Therefore you can make sure that you aren’t wasting your money.
There are many benefits to using a prepaid credit card. And just the simple fact that it is prepaid is enough! Their fees are not bad or even free and you have the choice of either a Visa or MasterCard. Whichever suits your spending better.
It is optional for you to make use of the budget facility. So it’s not compulsory and if you don’t think you need it then you have no reason to use it.
If you are blacklisted you won’t qualify for a credit card at these banks:
- Absa bank
- Capitec bank
- Standard Bank
- African Bank
Therefore don’t waste your time contacting these creditors as you will not meet the requirements. Because of your low credit score.
Reasons to go Prepaid
It is a much wiser idea to get prepaid credit cards to shop in South Africa. Because then you won’t find yourself in unnecessary debt.
The way in which it works is much like a debit card but it is a lot more convenient.
For example booking hotels online is more tricky if you don’t have a MasterCard or Visa credit card. So now with your prepaid card you can do all the things you would be able to if you had an ordinary one. The only difference is that you are not buying on credit.
Another one of the benefits, besides their reasonable rates and fees is that you do not pay any interest on them. Once all the funds on the card have been used you have to reload it with more money to use it again.
In summary we have learnt that you can get a credit card in South Africa if you are blacklisted. However it may not be the solution that suits you because you have to pre-load the account with your own money.
So shop around and have a look at the reviews online and the various options of accounts available to you.
Perhaps the biggest win of all is these types of credit cards for blacklisted people can help you build your credit score back up to a healthy level again. Which is especially helpful if you are under debt review in South Africa.