SA
Capitec Credit Card review: high credit limit
If you want to earn cash back on your monthly spending, this Capitec Credit Card review is worth reading. Find out everything this card can give you and the fees associated with it!
Capitec Credit Card: up to 1.5% cash back on monthly spending
This Capitec Credit Card review collects important information about how this card works. In summary, it charges a low monthly fee of R45.00 and offers an excellent package of benefits considering its accessibility.
How to apply for the Capitec Credit Card?
Learn how to apply for a Capitec Credit Card and enjoy earning up to 1.5% cash back on your monthly spending, along with many other benefits!
| Requirements | Monthly income of at least R5 000 (R10 000 for self-employed); A valid South African ID; Be at least 18 years old; Latest salary slip and bank statements (three months) |
| Initiation Fee | R100.00 |
| Monthly Fee | R45.00 |
| Fees | Cash withdrawals: Capitec ATM – R8.00 per R1000 / Other ATM – R10.00 per R1000 / Overseas ATM – R70.00 / Overseas card machine – R9.00; Online statement: Free; Statement (ATM): R3.75 / Branch – R15.00; Balance enquiries (app/internet): Free Currency conversion fees: Free and others. |
| Rewards | 1.5% cash back on monthly spending (1% cash back when you spend plus 0.5% when you reach monthly banking goals) |
As shown, this Capitec card is an accessible card that offers an excellent list of perks considering its price. Then, continue reading to learn more details about it!
How does the Capitec Credit Card work?
Capitec Bank provides personal and business products and services. Today, this article gathers information about an amazing card for individuals who cannot afford a premium credit card but want to access equally valuable benefits.
In the first place, the Capitec Credit Card offers:
- 1% cash back when you spend plus 0.5% cash back when you reach monthly banking goals;
- Free local swipes;
- Competitive interest from prime;
- Up to 55 days of interest for free;
- Travel insurance (up to R5 million);
- 3.50% annually on positive balances.
Additionally, you can get a credit limit of up to R500 000. As mentioned before in this Capitec Credit Card review, this card is one of the most accessible cards available in South America.
At this point, it even helps you build credit. On the other hand, even if this card is not expensive, it is always important to consider its fees.
So, among other traditional banking fees, the Capitec card charges a monthly fee of R45.00 and an initiation fee of R100.00.
You will be redirected to another website
Capitec Credit Card benefits
As can be seen on this Capitec Credit Card review, this personal card is an excellent option for those who earn around R5 000 as monthly income and can’t afford an expensive card to access useful rewards.
Pros
- It offers a great credit limit of up to R500 000;
- It offers up to 1.5% cash back on your monthly spending;
- It doesn’t charge currency conversion fees;
- It features free local swipes as well as free card delivery to your house;
- Rates are competitive;
- It offers up to 55 of interest for free;
- It provides you with travel insurance for up to R5 million;
- You can get 3.50% annually on positive balances.
Cons
- Disadvantages couldn’t be found about this card.
How good does your credit score need to be?
You don’t need perfect creditworthiness to apply for this credit card. In fact, Capitec helps you build your credit history.
How to apply for a Capitec Credit Card?
If you are interested in earning cash back on your spending, check out how to apply for a Capitec Credit Card and enjoy its wide range of advantages.
How to apply for the Capitec Credit Card?
Learn how to apply for a Capitec Credit Card and enjoy earning up to 1.5% cash back on your monthly spending, along with many other benefits!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
Trending Topics
How to apply for the Standard Bank Gold Credit Card?
Looking for a card with good rates and travel insurance? If so, read our post to apply for the Standard Bank Gold Credit Card!
Keep Reading
How to apply for the Nedbank Gold Credit Card?
Find out how simple it is to apply for the new Nedbank Gold Credit Card and earn rewards while accessing affordable and flexible services.
Keep Reading
Capitec Bank review: Save money!
Are you looking for a bank with great credit card deals, accounts, and investments? If so, read our Capitec Bank review to learn more!
Keep ReadingYou may also like
How to build credit to buy a house: 10 best tips
Creating your strategy is key, but some steps you can take will immediately impact your score if you want to know how to build credit to buy a house. Keep reading!
Keep Reading
Bankruptcy vs. consumer proposal: which is the best choice?
When you're struggling with debt, it can be hard to know your choices. Should you file for bankruptcy? Or try a consumer proposal? This article will break down the key differences between both options. You should have a better idea of which is the best for you by the end. So, keep reading to find out!
Keep Reading
7 best checking account bonuses of 2023
Maximize your banking power! We've rounded up the best checking account bonuses of 2023 to help you grow your savings! Read on!
Keep Reading