Learn How to Apply for the Capitec Bank Credit Card
Capitec Bank offers a credit card with a good balance of benefits and lower costs, and you can learn more.
What do I need to know before applying for a Capitec Bank Credit Card?
Capitec Bank offers a credit card with benefits such as a credit limit of up to R500,000, protected online purchases, and travel insurance of up to R5 million.
CREDIT CARD
Capitec Bank
Want a card with good costs? Apply now.n
GO TO OFFICIAL WEBSITE* You will be directed to an external website
Capitec Bank stands out as the largest retail bank in South Africa, with numerous accounts opened daily.
The credit card is provided free of charge to approved applicants who open a Capitec Bank account and qualify for the credit card itself.
To obtain the card, there is an initiation fee of R50, a monthly fee of R50, and prime interest rates ranging from 11.75% to 22.25%.
Thus, the card offers rates that align with its benefits, not being exactly among the most expensive in the South African market.
The maximum credit limit is R500,000, subject to the financial circumstances of the account holder, whether individual or business. You can view your specific credit limit directly in the bank’s mobile app.
A significant benefit of the Capitec Bank Credit Card is earning 1% cashback on payments made through Apple Pay, Google Pay, Samsung Pay, and Garmin digital wallets.
Furthermore, there are no currency conversion fees for purchases made internationally. Emphasizing technology, the card supports contactless payments, and you can manage it entirely via the Capitec Bank app or internet banking.
If you’re interested in the card, continue reading for more details.
Who can Apply?
Capitec Bank sets clear criteria for approving accounts and credit cards.
To qualify, you must be at least 18 years old and a legal resident of the country. Foreign nationals must provide a valid passport with a work visa and an account opening permit.
The primary requirement for the Capitec card is a minimum income. Salaried individuals need a monthly income of at least R5,000.
Self-employed applicants must demonstrate a monthly income of at least R10,000. Please note that all applications are subject to credit availability from Capitec Bank.
How do I Apply for the Capitec Bank Credit Card?
Capitec Bank offers a streamlined application process powered by technology.
To begin, you’ll need to open an account, a quick process facilitated through the free app available on Apple, Android, or Huawei stores.
Once downloaded, input your SA ID number to create a login and password. Next, take selfies to establish your visual identity within the app.
Provide essential details like your home address, phone number, and email, and authorize credit verification.
Upon registering your account, you gain full access to the app. By disclosing your income and credit details, the app calculates your credit card limit. Express interest in receiving a call from an authorized agent.
The online support will guide you through the application, requesting confirmations and documents like proof of residence and recent payslips.
Upon approval, choose to have the card delivered or collect it at a branch. The convenience of online processes means you can manage everything from account opening to credit card application without leaving home.
In any case, it’s quite unlikely to receive a rejection once you create your account. What may vary significantly is the credit limit.
CREDIT CARD
Capitec Bank
Like the benefits? Apply now.n
GO TO OFFICIAL WEBSITE* You will be directed to an external website
More Details
The credit card provides ongoing monitoring and guidance to enhance your credit history, as well as opportunities to explore other card options in the future.
For travel purposes, you will receive complimentary travel insurance up to R5 million, providing assistance for issues abroad.
Moreover, you can benefit from up to 55 days of interest-free credit, earn up to 3.5% annually on positive balances, and opt for credit insurance if it is not already covered within South Africa.
Want to learn about another option?
The Absa Private Banking Visa Signature is a credit card that offers over 20 visits to Bidvest Lounges and additional access to luxurious VIP lounges in various countries around the world.
Furthermore, it comes with exclusive benefits from the Visa Signature line, including a dedicated customer service line and a private banker, and you can see how to apply.
