JustMoney app

JustMoney

Make good money choices

Install
To top
Logo
Articles

Shopping at the credit store

New research shows that retailers sell the most credit through store cards.

6 June 2008 · Staff Writer

Credit : Store cards rank as most popular

from
Busrep.co.za

By Ethel Hazelhurst

South African consumers most commonly access credit through retail store cards. Carel van Aardt, a research professor at the Bureau of Market Research at Unisa, said more than 16 percent of South Africans - about 5 million - used store cards.

Justmoney.co.za says:

If you have a store card you should check what rate of interest you are paying. In general, store cards tend to charge the highest rates of interest. With the easy credit climate of the past few years, it made sense for retailers to diversify out of their core business of selling stuff, into finance. Retailers have in effect become banks, selling credit instruments. This is shown by the buyout of Ellerines by African Bank. Some credit cards are offering balance transfer facilities, whereby you transfer the balance from your old card to another one at a better rate of interest. According to the rest of the article above, the major instrument that holds South African consumer debt is housing. You can now use a variety of sophisticated methods to ease the payment burden on your home loan. Whatever way you may find your self in hock, you should calculate how much debt you can consolidate, before you need debt management.

Free tool

Check your credit score now and take control of your finances. It's instant and totally FREE!

Get started
Make good money choices - join over 700,000 South Africans and enjoy personalised offers for your every need! Join the community →
JustMoney logo

info@justmoney.co.za  
4th Floor, Mutual Park, Jan Smuts Drive, Pinelands, Cape Town, 7405

© Copyright 2009 - 2025 · Powered by NCRCB29
Terms & Conditions  ·  Privacy Policy
PAIA Manual

Quick links

Home · Articles · Products · Tools · Media · About Us JustMoney app on the Play Store

Your credit score is ready!

View your total debt balance and accounts, get a free debt assessment, apply for a personal loan, and receive unlimited access to a coach – all for FREE with JustMoney.

Show me!