FNB’s SmartSecured Credit Card is designed for South Africans who want to build or repair their credit profile with confidence. You set your credit limit by placing a deposit, typically from R2,000 and up, into a linked FNB savings account. There are no annual fees and you get the convenience of a standard Visa card. You can use the card at stores, online, or withdraw cash at ATMs. Interest rates and fees are competitive but vary depending on FNB’s terms, so always check your offer before applying.

How to apply for the FNB SmartSecured Credit Card

• Gather your ID, proof of income, and address
• Open or use an existing FNB savings account
• Deposit your chosen amount, which becomes your credit limit
• Fill in the application form at an FNB branch or via online banking
• Wait for approval and receive your card once accepted

Benefits of the FNB SmartSecured Credit Card

You have control over your credit limit, so spending never exceeds your means. Responsible usage helps improve your credit score, leading to potential upgrades to unsecured cards in the future.

The card also operates fee-free for annual maintenance in most cases, and works everywhere Visa is accepted. Its broad accessibility means even those with no or poor credit history can qualify.

Drawbacks to consider

The main drawback is that your money is tied up as a security deposit while the account is open. Additionally, interest rates can be high if you don’t pay off the balance every month.

Also, credit limits remain relatively low—limited to your deposit. While this encourages responsible credit use, it may not meet everyone’s needs for higher flexibility.

Our verdict

The FNB SmartSecured Credit Card offers a reliable and user-friendly way to start or rebuild your credit history. Its simple setup, lack of annual fee, and chance to move up to an unsecured card make it an excellent option for many South Africans looking for financial growth and security.