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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

The Capitec Credit Card has cash back rewards for you! Source: The Mister Finance.
The Capitec Credit Card has cash back rewards for you! Source: The Mister Finance.

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.

Capitec Credit Card

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!

RequirementsMonthly 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 FeeR100.00
Monthly FeeR45.00
FeesCash 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.
Rewards1.5% 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.

Capitec Credit Card benefits

Use this credit card for every purchase to earn rewards. Source: Canva.
Use this credit card for every purchase to earn rewards. Source: Canva.

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.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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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.

Capitec Credit Card

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

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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