Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Community blog

Read our latest news and views and get to know us better

Credit card habits changing
Super Contributor

While South Africans are still using credit cards, they have changed their attitude towards them.

The main difference is that they are swiping their cards for lower amounts than they used to and making sure that they keep their balances low.

Latest figures from Standard Bank Group shows Standard Bank South Africa credit cards are being used to pay mostly for groceries. Entertainment and other lifestyle purchases are still in the top five things that go onto their plastic.

Even corporates are putting lower amounts onto their credit cards. This means that they’re spending less on things like business travel and entertainment.

All makes sense considering the worldwide economic situation of the past few years.