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Firstcard
No credit check, minimum deposit R1700, high approval rate. Ideal for building credit on a low income. Annual fee is affordable for new users.
If you have a lower income and are seeking a reliable, accessible credit card, the Firstcard offer might be the right fit for you. With a high approval rate and no credit check, it suits those starting out or rebuilding their credit profile. The minimum deposit is R1700, and there’s an introductory annual fee of R0 for the first year, after which a moderate R425 applies. The current APR is 27.49%.
How to Apply: Step-by-Step
1. Gather your ID, proof of income, and contact details.
2. Complete the online application form with your personal information.
3. Submit your initial deposit via bank transfer as instructed.
4. Wait for confirmation of approval, usually within days.
5. Once approved, receive and activate your Firstcard.
Pros: Main Advantages
The Firstcard prioritises inclusivity, making it excellent for those with low income or little credit history. The absence of a credit check increases your approval chances significantly.
Additionally, the minimal deposit and affordable ongoing fees make it accessible and manageable. Its secured structure allows you to start building credit responsibly.
Cons: What to Consider
The notable drawback is the fairly high APR of 27.49%, which means carrying a balance can quickly become costly. There is also a deposit requirement of R1700 or more to access the card.
Moreover, those seeking rewards or cashback features will not find them here. The focus is clearly on credit-building rather than extras.
Our Verdict
For South Africans with limited income or thin credit files, Firstcard is a straightforward, low-barrier way to access credit and build a better score. However, its high APR means disciplined usage is essential.
This card is best for anyone wanting to prove creditworthiness and access future financial opportunities, provided balances are paid in full each month to avoid interest charges.