If you have been looking for a credit card that’s going to give you some money back at the end of the year, the Capitec Credit Card might be for you. Capitec will give you 4.85 % on a positive balance at the end of the year. You also get an initial 55 days of no interest if you are approved for the card. 

There are a ton of credit card offerings out there so it is important that you do your research before applying for one. Each time you apply for a card, it affects your credit score so only apply when you are sure about the card. If you sit down and write out your current financial status and then determine what your goals are, it will be easier to find a card.

You should think about why you are getting this card and how it is going to help your financial health in the future. When checking out cards, make sure you review things like interest rates, monthly fees, initiation fees, rewards and more. Our editors have researched the Capitec credit card and provided infomation below. Read through everything before you decide whether or not this card is for you.

Capitec Credit Card

What are the Benefits of a Capitec Credit Card? 

Do you dread trips to the bank to make transactions? Worry no more. Once you apply for online banking, you will be able to use their online features and mobile app seamlessly. You can update your card withdrawals and charges, transfer an outstanding balance, view your credit limits and also settle your budget balance.

With this credit card, you can also enjoy zero conversion fees overseas. You can make cashless payments at any branch with a MasterCard logo. You will also be given up to a 55 days interest-free period.If you need insurance, you’re also in luck. This card offers both Credit and free basic travel insurance. So, if you are a travel nomad, you should get a hold of this credit card.

You will also have free lost card protection in case your credit card gets lost or is stolen. Remember to report immediately if you realize that your card is missing. If you do become one of their customers, they will provide you with a 24⁄7 customer care helpline to help you resolve any issues you may have with your card. 

What are the Fees for a Capitec Credit Card? 

As much as we want a decent credit card that comes with good deals, it remains essential to pay your card on time. Take a look at this overview of some of the fees and rates you can expect with your Capitec Credit Card.

  • Initiation fee of R100
  • Monthly fee of R35
  • 10.25% – 20.75% interest rate (based on your credit profile)
  • Credit life insurance fee R/1000 per month

For more detailed information on fees and other factors to consider, download their Good for Credit booklet.

Capitec Credit Card

How to Apply for a Capitec Credit Card

Applying for this credit card is pretty simple and straightforward, as long as you are eligible. To qualify, you must be 18 years or older and be able to provide an original identification document. You also must hold a minimum salary of R3 000. If you are married and your surname is different from the one in your identification document, they will require your marriage certificate.

To apply, visit the Capitec Bank branch near you with your latest salary slip and a stamped statement indicating your latest three salary deposits. Alternatively, they advise you to save time and first check with their online estimate to see what you qualify for. You can do so on the Capitec Bank website.

If successful, your credit limit will be determined based on your circumstances but could be up to R150 000. If you are looking or a credit card that comes with amazing deals and low fees, Capitec credit card might be the one for you. You can visit any one of their branches or website to get more information. 

How to Contact Capitec

Head office

1 Quantum St, Techno Park

Stellenbosch, 7600, South Africa.

Telephone: 0860 10 20 43 (or +27 21 941 1377 outside South Africa).

 

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.