Explore How to Apply for a Capitec Bank Credit Card
Capitec Bank offers a credit card option for customers who can easily and quickly create an account right through the app.
Key Points to Consider Before Applying for the Capitec Bank Credit Card
The Capitec Bank Credit Card, powered by Mastercard, lets you shop globally without paying international fees, offering 1% cashback on eligible purchases along with attractive prime interest rates.
CREDIT CARD
Capitec Bank
* You will be directed to an external website
Capitec Bank stands as the largest retail bank in South Africa, with new accounts being opened every day.
This credit card comes free of charge for those who are approved for both the account and the Capitec Bank Credit Card.
To get the card, you’ll need to pay a one-time fee of R50, plus a monthly charge of R50, and interest rates that range from 11.75% to 22.25%.
The credit limit can go up to R500,000, based on the financial standing of the cardholder, whether an individual or a business. You can easily check your limits using the bank’s app.
One of the standout features of the Capitec Bank Credit Card is the 1% cashback on transactions made via Apple Pay, Google Pay, Samsung Pay, and Garmin digital wallets.
Additionally, there are no fees for currency conversion on international purchases. The card is designed for modern use, supporting contactless payments, and you can handle everything through the Capitec Bank app or online banking.
If you’re interested in learning more about the card, keep reading.
Applicant Eligibility Requirements
Capitec Bank has specific standards for account and credit card approvals.
First, you must be at least 18 years old and a citizen. If you’re a foreign applicant, you’ll need a passport with a valid work visa and permission to open an account.
The main requirement for obtaining the Capitec card is a minimum income. For salaried individuals, this amount is R5,000.
For self-employed applicants, a monthly income of at least R10,000 is necessary. Remember, all applications are subject to the credit availability from Capitec Bank.
Learn How to Apply for a Capitec Bank Credit Card
Capitec Bank has simplified its application process with cutting-edge technology.
To start, you need to create an account, which is usually a fast process. You can download the app at no cost from the Apple, Android, or Huawei stores.
Once you have the app, input your SA ID number to set up your login and password. Next, take selfies to verify your identity within the app.
Then, share your home address, phone number, and email, and authorize credit checks.
Once you register, the bank assures you’ll have full access to the app.
By providing your income and credit info, the app will create a budget for your credit card. If you click ‘I’m Interested’, an authorized agent will reach out to you.
You’ll wrap things up with online support, which will request confirmations and extra documents like proof of residence and your last three payslips.
Once your card is approved, you can opt for delivery or pick it up at a nearby branch.
The fantastic news is that you can handle the account setup and credit card application from the comfort of your home, all thanks to online services.
CREDIT CARD
Capitec Bank
Like the terms? Sign up now.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
Further Details
This credit card offers ongoing monitoring and tips to improve your credit profile and explore additional card options in the future.
While traveling, you can access free insurance coverage of up to R5 million to assist with international matters.
Additionally, enjoy up to 55 days of interest-free credit, earn up to 3.5% yearly on positive balances, and gain access to credit insurance if you don’t yet have one in South Africa.
Curious about another option?
The Private Banking Visa Signature is a credit card from Absa Bank that delivers an outstanding experience, allowing entry to various premium lounges both in South Africa and internationally.
This card, while having higher fees compared to Capitec, comes with Visa Signature benefits such as insurance and a dedicated banking team. Learn how to apply.
