Which credit card for South Africa travel (Visa, Mastercard & Co.)?

In South Africa you can use your Visa credit card to make cashless payments at 138,000 acceptance points and withdraw cash at 13,295 ATMs. The Mastercard, on the other hand, has slightly fewer cashless payment options with 121,652 acceptance points. Even with just over 7,000 ATMs, the Mastercard is less accepted than Visa. The ATMs are mostly in the larger cities.

Great differences in neighboring states: If you want to travel to Botswana, for example, you will quickly notice that the use of a Mastercard is only possible to a limited extent. With a Visa Card you will not have to accept any restrictions.

Otherwise, American Express and Diners Club are also welcome in numerous restaurants, hotels and larger shops. With the EC bank card, cash can be withdrawn at almost all ATMs, but the EC card is usually not accepted for cashless payments.

Important information on the use of credit cards in South Africa

Acceptance of credit cards ends with refueling.

Acceptance of credit cards ends with refueling.

Due to legal regulations, petrol and diesel cannot be paid with a credit card. We recommend that you always have enough cash with you.
If you go shopping or plan a restaurant visit where you want to pay with a credit card, it is advisable not to rely solely on advice on acceptance. It is not uncommon in South Africa that the card reader system fails due to repeated power failures. To prevent unpleasant situations, it is always advisable to carry cash with you.
Some holidaymakers report that there are occasional waiting times when using the Mastercard in restaurants, hotels and shops , since cashless payment with the Mastercard is only permitted with the approval of the responsible employee. Such occurrences are unknown with the Visa Card.

The daily limit for cash pickups at ATMs in South Africa is between 1,500 and 2,000 USD, which depends on the local bank.

In addition, it often happens that at the end of the month the ATMs run out of cash. Timely withdrawals keep you from having to be without cash. In some cases, depending on the bank, you can also collect cash with your credit card and your valid passport at the bank counter. Debit and prepaid cards, regardless of which provider, are generally excluded from this option.

Some banks issue credit cards with a lock for use in non-European countries. Before you start your trip, you should check with your house bank beforehand whether the bank or credit card is activated for South Africa.

In general, it should be noted that in principle any credit card is suitable for your trip to South Africa, although there may be slight restrictions with the Mastercard. If you want to be on the safe side, carrying a Master and Visa card is the solution.

What do the different credit cards offer?

What do the different credit cards offer?

Some banks, such as the CBD, offer credit cards with free international withdrawals at ATMs. In most cases, however, percentage fees are payable that relate to switching to the South African national currency. A foreign surcharge of 1% is common for cashless payments.

When deciding which credit card is the right one for your South Africa trip, you should inform yourself extensively about the respective fees and additional services at various banks. Numerous online banks in particular now offer

  • No annual fees
  • free cash withdrawals abroad
  • Discounts for refueling, for example

Additional means of payment for the South Africa trip

In principle, you shouldn’t forego cash in South Africa. Nevertheless, travelers checks are a sensible and safe alternative to using credit cards. In the event of loss or theft, these will be replaced in full. You can get this from any bank branch.

 

Credit for dental services.

It can happen so quickly that a tooth breaks, a bridge is needed or other dentist costs have to be paid. Health insurers are paying less and less, so that the patient often stays on high bills. Many even do without dental treatment because they simply cannot afford it. Even dental cleaning has to be paid for yourself. Not everyone can afford it, but there is a dental loan that can be borrowed.

Where can the loan be taken out?

Where can the loan be taken out?

There are several ways to get a loan for dental services. The quickest way is often at the dentist himself. Many dentists know that not all patients have the money to pay for the necessary dental treatment. Therefore, many have already developed a way for the patient to get his treatment and the doctor to get his money.

Many dentists work with banks that issue loans. The applicant can already fill out the form at the dentist and the dentist submits it to the bank. This checks the creditworthiness of the customer and then decides on the treatment costs. As soon as a license is granted, the amount required is transferred to the dentist’s account. The patient can then begin treatment and the patient has to pay monthly payments to the bank.

Another alternative is the house bank. Many patients have been customers there for years, so an application for a loan for dental services is often quickly granted. The very fact that it will be a small loan quickly convinces the banks to grant the loan. The Credit bureau and the income are also checked here. The difference is that the money is posted to the applicant’s account. The latter must then either transfer the sum or pay the treatment in cash.

Private individuals also offer a loan for dental services on the Internet. The advantage is that the Credit bureau is often not checked here, but the interest can be much higher. Lenders like to be paid if the customer is not solvent and with higher interest rates. Care must be taken to ensure that no additional services are offered, such as insurance or that payments are to be made in advance.

A dentist is not a dentist

A dentist is not a dentist

It is certainly not easy for many to change the dentist. It is already difficult for many to go to the dentist at all. Nevertheless, you should also consult other dentists if you have high dental performance. Not every dentist is the same and therefore not the cost. These can differ from one another, be it through the material or through the costs that he sets up as wages.

Not only a loan comparison, but also a dentist comparison can help to save costs. For example, a dentist can also offer payment in installments that can be used. Many have already agreed that the treatment costs will be divided into several installments without a loan being taken out.

The same as with a loan offer. The loans are all tiered differently and are offered differently by different providers. One provider has low interest rates and a short term. The other offers the applicant to pay lower monthly installments for the loan for dental services, but a longer term and higher interest rates.

A supplementary dental insurance is worthwhile

A supplementary dental insurance is worthwhile

Those who have always had problems with their teeth should take out additional insurance in good time to reduce costs. However, this is only worthwhile if the contributions are not very high and many treatments are pending in the distant future. It is not possible to take out additional insurance today to have treatment costs paid tomorrow. Many insurance companies require that the policyholder has paid the premiums for a few months so that consideration can also be paid. So insurance is only suitable if long-term planning is planned.

Loan Between Individuals: The Bankless Credit Guide

The loan between individuals is a credit to be made to an individual or a specialized financial institution without having to go through a bank. Before, it is done mostly in a family or friendly, but now thanks to the emergence of private lenders and crowdfunding or crowdfunding, it is increasingly easy to access this type of loan.

The particular loan does not necessarily require a written formality, but it would be more favorable to carry out this operation by establishing a loan agreement between individuals or a debt recognition to guarantee and ensure repayment of sums due. 

What is a personal loan?

What is a personal loan?

There are many people who want to borrow money, yet there are also those who want to grow theirs, hence the concept of lending between individuals. The borrower wants to finance his projects and the lender offers him this possibility by granting him the amount he needs, but still subjecting him to his conditions, especially relating to the repayment period, monthly payments and interest paid. To do so, both parties attest the existence of the loan in writing.

This approach is strongly recommended as a guarantee. At a minimum, the applicant must provide a piece of identification or even a photocopy of his identity card and a domiciliation address. However, loans with family or friends are much more flexible. In these cases, there are no interest rates, no need repayment deadlines and even fewer written formalities. In spite of this,

A loan subject to the loan agreement in general

A loan subject to the loan agreement in general

Like any other loan, the loan between individuals or credit without a bank is subject to the rules of loan agreement in general. Regarding the remuneration, it is free, but above an amount of 760 USD, the drafting of an act mentioning the terms of repayment is mandatory and entails declaratory tax obligations.

Whoever borrows, it is better to write a paper using the usual conditions. Thus, the remittance of the funds is justified and the writing can be considered as an acknowledgment of debt.

Where to subscribe to a credit without a bank?

Where to subscribe to a credit without a bank?

There are financial institutions that offer loans to individuals. For this, the documents to be completed are downloadable on the internet, then the loan is between the borrower and an individual. The loan application between the individual is therefore achievable online by completing a form. Before that, one must first register on a loan site between serious and reliable individual to access the download of records. Generally, the application fee is 1% of the amount borrowed with a minimum and a maximum depending on the institution.

As you can see, a serious individual loan is the best way to borrow money without having to go through a bank or other organizations. As much subscribe now if you have a project in mind.

A credit buyback broker to get the best credit buyback possible

A broker is a person in charge of connecting one (or more) client (s) with a bank (or a financial institution). The credit buyback broker is specialized. He works with banks specializing in credit redemption.

Why ask for help from a broker?

Why ask for help from a broker?

He will take charge of building up your credit union file by listing all your personal loans and debts in a comprehensive manner. The credit broker will then apply for a loan from the various banks specialized in the sector of loan buyback. Your steps are thus simplified. You have one contact who deals with your credit application.
We are familiar with the criteria of the banks in question and their limits for granting credit redemptions.

Can a broker claim a fee?

Can a broker claim a fee?

No. No payment of any kind whatsoever may be required of an individual before obtaining one or more loans of money. The law is very clear in this area, you should not pay anything to your credit redemption broker before setting up the loan.
When the loan buyback is financed, at that time, the broker’s mandate included in the financing is paid to the broker directly by the bank (or by the notary if the credit consolidation is mortgage). Flee brokers who charge you a fee before the loan is put in place.

A broker can suggest what types of credit?

A broker can suggest what types of credit?

A mortgage purchase will only be offered if it is not possible to consolidate your consumer credit over a maximum period of 15 years. We then envisage 2 cases:
– keep the current mortgage and offer a loan buyback with a 2nd rank mortgage
– take back all the credits conso, loans including the mortgage with a first rank mortgage
After several credit simulations, we offer you the most economical solution for you and the one that substantially reduces your debt.
The repurchase of credit without mortgage is possible on a maximum duration of 12 years for the tenants (or hosted) and 15 years for the owners (or buyers).

You can fill out an online credit redemption request, your broker newpret.com is there to take care of your file for free and in all confidentiality.

Do I always have to take out a forward loan?

You will also need to take out a forward loan if interest rates have dropped in the meantime. With the signing of the loan certificate you enter into a binding contract, so you are obliged to accept the forward loan. You only have the right to cancel the contract free of charge in the first fourteen days after taking out the forward loan.

If the interest rate has dropped before the loan is drawn down and you no longer want to use the forward loan, you can still withdraw from the loan agreement in most cases. However, the bank will then demand compensation, the so-called non-acceptance compensation. This serves as compensation for the costs incurred by the bank for the provision of the forward loan. In general, the non-acceptance fee corresponds to the prepayment penalty for a current loan.

The compensation amount is also calculated using the same principle

The compensation amount is also calculated using the same principle

Our tip: Before you decide on a forward loan, find out about the development of market interest rates. With our interest rate forecast you can see in which direction the trend for building rates is going. The current yield on Pfandbriefe at the Deutsche Bundesbank is also a reliable indicator: if it rises, it can be assumed that mortgage rates will also rise in the next twelve months.

It is best to monitor this development over several months to obtain a reliable result

It is best to monitor this development over several months to obtain a reliable result

Don’t forget to include your personal circumstances in the decision. If your current situation is stable, a forward loan can be the right decision. If, on the other hand, there is a move or a separation from your spouse in the near future and you have to sell your property at short notice, the forward credit can become a problem. Because the ongoing mortgage lending has not yet been paid off, but the forward loan has already been taken out, you have to pay both a prepayment penalty and a non-acceptance fee to the bank.

Our on-site consultants will be happy to give you helpful tips for the forward loan and will be happy to help you decide for or against a forward loan.

Loan for 450 USD jobber

Housing allowance despite work on 400 USD and credit?

Housing allowance despite work on 400 USD and credit?

Housing allowance despite work on 400 USD and credit? Hello everyone, I have already searched half of the Internet, but I have really not received any information for my use case. Now I have a job on a 400 USD basis and receive about 230 USD per calendar month because my salary is so high that I don’t have the time to do so much to get the 400 USD.

I also receive a private loan from a friend in the amount of 600 USD, which of course I have to repay after my graduation (that was also in writing). Am I entitled to housing allowance if I have to pay a warm rent of around 300 USD? Because I have to pay 100 USD course fees + health insurance and other insurance, there is not much left for food at the end of the month.

Is there a housing allowance calculator where you can add a loan to your salary so that you can find out the approximate amount of the housing allowance (if I have any application for it)? One reads that loans are not considered revenue. Re: Housing allowance despite work on 400 USD basis and loan?

Common housing allowance calculators

Common housing allowance calculators

You can try out all common housing allowance calculators. The loan is of course not a salary worthy of recognition, so do not enter it in the housing performance calculator! Re: Housing allowance despite work on 400 USD basis and loan? Thank you for the feedback. What only surprises me if I did not include the loan, I would fall below the minimum salary of 230 USD.

How do you calculate that with the salary and the loan? Because I can earn my living not only with my salary. Re: Housing allowance despite work on 400 USD basis and loan? Credit is not money in the sense of housing allowance, but you can pretend to achieve basic income.

Re: Housing allowance despite work on 400 USD basis and loan? Loans are just a plausibility check to see if you have enough time to live. Re: housing subsidy despite work on 400 USD basis and loan? The subsidy I get with the housing subsidy calculator calculates whether I only enter my salary there, did I really recognize that?

Re: Housing allowance despite work on 400 USD basis and loan? Yes, your own salary is only considered part-time. You still get a housing premium, and probably not too tight. Re: Housing allowance despite work on 400 USD basis and loan? Thank you very much for the very useful feedback and I wish you a good time before Christmas.

Securing credit: how it works?

What is credit protection?

What is credit protection?

Credit protection is an instrument for risk reduction in finance. With a credit protection, or credit security, the risk of default in the context of an installment loan or construction finance is reduced. Credit protection actually occurs wherever there is a creditor-debtor relationship. You can secure a loan by including things, rights, insurance or the creditworthiness of third parties as security in the contractual relationship.

Why do you have to secure a loan?

Why do you have to secure a loan?

The bank needs credit protection to ensure that it gets its money back from a borrower. Security applies when the borrower gets into payment difficulties and can no longer pay the loan installments. Then the bank seizes property of the borrower via a court, for example. That turns the bank into money and thus balances the loan.

Above all, a borrower should secure his installment loan to protect his family and relatives from financial burdens in the event of an emergency, such as disability or, in the worst case, death. If the borrower dies, his survivors inherit not only his property but also his debts. If the bereaved accept the inheritance, they must recognize both the assets and the debts as heirs. If it is clear from the outset that the inheritance consists largely of debt, the surviving dependents can actively reject the inheritance within 6 weeks of becoming aware of the inheritance. If this period expires, the inheritance must be started. Depending on how high the potential debt is, this can result in high debt for the heirs. You can prevent this from happening by securing your credit.

Both contracting parties need credit protection, especially for loans with long terms of 10 years and more and large sums. Even if the borrower’s creditworthiness is not the best, for example because he has a negative credit check entry, a low income or already has other loans, you should secure a loan.

A rule of thumb is that one should secure the loan with loan amounts starting from 25,000 dollars.

How can I secure a loan?

How can I secure a loan?

There are several ways you can secure a loan. Some of these are common and commonly used types of credit protection, others may be less common, but still useful. We would like to introduce some variants to you. Three of these directly affect the loan agreement and two also secure you beyond the loan agreement. All the types that we explain below have their advantages and disadvantages and are more or less useful in some situations and under certain circumstances.