How to Apply for a Capitec Bank Credit Card

ADVERTISEMENT

On the lookout for a credit card that not only lets you make transactions conveniently, but also allows you to save money in the process? Capitec Bank may just have something for you.

Capitec offers a credit card with up to an R150 000 credit limit, where you can earn 5% a year on a positive balance.

ADVERTISEMENT

With the bank’s valuable offers, you are sure to find perks of this card that benefit you. Read on to know more about Capitec’s credit card offerings and how you can apply today.

Benefits and Features of a Capitec Credit Card

The Capitec Credit Card offers a world of benefits for its cardholders. One of the most important aspects of this card is that it allows cashless transactions without any fees for worldwide card machines, as well as online, telephone, and mail orders.

Aside from making transactions a lot easier, the best thing about this card is that it lets you earn money. Just make sure that you maintain a positive balance, and you earn 5% back annually, allowing you to save money with responsible spending. You can also enjoy up to 55 interest-free days after the issuance of your card.

ADVERTISEMENT

How to Apply for a Capitec Bank Credit Card

In encouraging responsible card ownership, the bank gives you access to all your Capitec accounts through the mobile application Global One. This way, you can keep track of your spending, balance, and make payments on time. The good news is that this responsible use of this card can help you build your creditworthiness.

With this card, you can also avail credit insurance and free basic travel insurance. And you can qualify for up to an R150 000 credit limit.

Now that you’re familiar with some of the great benefits of this credit card, read on to find out about eligibility and how you can apply today.

How to Apply for a Capitec Credit Card

If you are interested in getting a Capitec Credit Card, here are some of the documents you need on hand when you visit a Capitec Bank branch near you. You must have an original identification document showing that you are at least 18 years old or above. You also need to provide your 3 latest consecutive salary deposits and your latest salary slip. You must have a minimum salary of R3 000.

Married individuals will have to present a marriage certificate, especially if your surname was changed. If you want to make the application process go faster, the best thing to do is to use the Online Credit Estimate tool located on the Capitec Bank website. You will need to provide personal information, employment details, and your desired credit limit, which can reach up to R150 000 if you qualify.

Capitec Credit Card APR & Charges

Take a look at this brief overview of fees and charges you can expect with this credit card. Note that some fees may vary, and that you need to pay your card on time so that you don’t meet recurring charges that could affect your credit score. For more details on fees, refer to the Rates and Fees page on the Capitec website.

  • Initiation Fee – R100
  • Monthly Fee – R35
  • APR – 10.25% to 20.75%
  • Cash Advance – No currency conversion fees but interest accrues
  • Late Payment Fee – Defaulting fees apply for late payments
  • Minimum Monthly Payment – 5% on outstanding balances

Capitec Address & Contact Details

Address: 1 Quantum Street, Techno Park, Stellenbosch, Western Cape, South Africa

To get in touch with Capitec, call 0860 10 20 43 (or +27 21 941 1377 from outside South Africa).

Conclusion

Owning a credit card is no joke, but with a Capitec Credit Card, you can rest assured that you can monitor your spends and earn while you make transactions, as long as you maintain a positive balance. Moreover, you do not have to worry about currency conversion when you travel abroad, with an added benefit of free travel insurance! If you are interested in getting this card, try out their online estimate tool and visit a branch to start your credit card application today.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information. 

ADVERTISEMENT