The Self Visa® Credit Card is a handy financial product designed for those keen to build or rebuild their credit. With no annual fee for the first year and a competitive R25 annual fee thereafter, it’s an affordable entry point for most. The regular APR stands at 27.49% (variable), and because it’s a secured credit card, it helps you practice responsible credit use and grow your score steadily. While the provider does not always state a specific credit limit in advance, your deposit helps establish it, giving you more control over your spending.

How to Apply: Step by Step

Start by visiting the Self Visa® Credit Card application page. Fill in your basic personal and financial information. Next, verify your identity as required. Deposit the desired amount, which will act as your credit limit. Submit your application and await a decision, which is usually quick and straightforward.

Main Benefits of the Self Visa® Credit Card

This credit card is ideal for building or rebuilding credit, provided you use it responsibly. Another key advantage is the R0 annual fee during the first year. Over time, responsible usage can translate into a better credit score, giving you access to more financial opportunities. The card’s secured nature limits your risk, making it a practical tool for those new to credit cards or with less-than-perfect credit history.

Potential Drawbacks

On the downside, the 27.49% variable APR is on the higher side compared to mainstream credit cards. After the promotional period, the annual fee does kick in, so be sure to budget accordingly. Since the card is secured, you’ll need to provide a deposit upfront, which may not be possible for everyone. Also, features and benefits are mostly focused on credit building, with limited extras or rewards.

Our Verdict

The Self Visa® Credit Card is ideal for anyone looking to establish or restore their credit rating. The first-year waived annual fee, straightforward application process, and focus on credit building make it a smart choice for new or cautious cardholders. However, keep in mind the high APR and the need for an upfront deposit when making your decision.