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Capitec Bank Credit Card: Credit Limit of up to R500,000 with No Foreign Transaction Fee

The credit card from Capitec Bank provides a credit limit of up to R500,000 and rewards users with a 1% cashback when making payments through digital wallets like Apple, Samsung, Google, or Garmin.

The credit card features the globally recognized Mastercard logo, guaranteeing widespread acceptance worldwide. Discover more information on how to submit your application.

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Capitec Bank holds the reputation of being the biggest retail bank in South Africa, attracting over 120,000 new accounts monthly. The bank maintains a network of more than 850 retail branches nationwide.

The financial institution offers a range of services for both individuals and businesses, which includes opportunities for investment. The Capitec Bank credit card is a convenient choice for handling day-to-day financial matters, both domestically and internationally.

A key advantage is its lack of currency conversion fees, which is beneficial for transactions in dollars and euros.

Capitec places a strong emphasis on internet shopping, providing secure transaction options and a smart 1% cashback reward on all purchases.

Smart utilization encompasses utilizing Apple Pay, Google Pay, Samsung Pay, and Garmin for payments. Additionally, you have the option to make contactless payments seamlessly with complete setup via the application.

Capitec Bank states that the maximum credit limit for the card is R500,000, subject to the individual conditions of each client.

To be eligible for the card, salaried employees must have a minimum monthly salary of R5,000, while self-employed individuals must earn at least R10,000 per month. This allows individuals with different income streams to apply for the card.

The membership fee for the card is R100, with a monthly fee of R50. The interest rates vary from 11.75% to 22.25%, depending on the individual’s credit profile.

Apart from meeting the income criteria, it is necessary to create a Capitec Bank account in order to obtain the card.

Yes, the whole process of opening the account can be conveniently carried out via internet banking and the bank’s mobile applications. However, the application for the card is handled through a physical agency.

Capitec Bank provides a seamless banking experience, enabling customers to conveniently handle all transactions through their mobile app or online banking platform.

Some additional advantages comprise a grace period of up to 55 days without interest charges, travel coverage up to R5 million, an annual interest rate of 3.5% on positive balances, and the option for credit insurance.

To obtain your card, it is essential to have an active Capitec Bank account. The account opening process can be conveniently completed via the app, ensuring a seamless user experience.

Moreover, the card assists you in establishing a thorough credit background, a key factor for acquiring additional credit cards down the line.

Interested in exploring a different choice?

If you’re in search of a higher quality credit card offering international travel benefits, the Absa Private Banking Visa Signature Credit Card could be a suitable choice.

This choice offers VIP privileges in lounges around the globe and exclusive Visa perks. Find out precisely how to submit your application.

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