SA

How to apply for the Capitec Credit Card?

Check out how to apply for a Capitec Credit Card and enjoy the endless benefits this card offers, including cash back on your monthly spending.

Apply for a Capitec Credit Card: enjoy cash back, zero currency conversion fees, interest from prime, and more

Learn how to apply for a Capitec credit card with this application guide. Source: The Mister Finance.
Learn how to apply for a Capitec credit card with this application guide. Source: The Mister Finance.

Looking for a new credit card? This post will tell you how to apply for the Capitec credit card to enjoy all of its benefits.

card

Credit Card

Capitec credit card

cash back travel

This credit card has an extensive list of advantages at a very low cost.

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It is quite simple to apply for a Capitec Credit Card. But you must meet certain requirements, such as:

  • A 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).

Then, if you manage to meet those requirements, you can apply for the Capitec Credit Card and enjoy excellent advantages, including:

  • A credit limit of up to R500 000;
  • Up to 1.5% cash back on your monthly spending;
  • No currency conversion fees;
  • Free local swipes as well as free card delivery to your house;
  • Competitive rates;
  • Up to 55 of interest for free;
  • Travel insurance for up to R5 million;
  • 3.50% annually on positive balances.

Thus, if you are interested in enjoying this comprehensive list of perks without paying expensive fees, take a look at how to apply for the Capitec Credit Card.

Online Application Process

Apply through Capitec's website. Source: Canva.
Apply through Capitec’s website. Source: Canva.

You can apply for this card through the app, in a branch, or online.

To apply using the official website, you must provide your personal information and verify your identification.

Then, you can get the result right away. 

Application Process using the app 

Download the app on Google Play Store, Apple App Store, or Huawei App Gallery.

Then, fill out your personal info and verify your ID.

Capitec Credit Card vs. Absa Flexi Core Credit Card

As shown, Capitec Credit Card is an excellent choice for those who seek cash back.

However, if you need a cheaper card but equally valuable, find out more about Absa Flexi Core Credit Card.

Capitec Credit CardAbsa Flexi Core Credit Card
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) 		Monthly income of at least R2 000;
At least 18 years old;
A valid South African ID book or Smart card;
Latest proof of income (three months), and proof of residence
Initiation FeeR100.00Max R175.00
Monthly FeeR45.00R14.00
FeesTransfer between own accounts: Free / Capitec ATM: R 8.00 / Branch: R300.00;
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.		Monthly credit facility fee: R30.00;
Additional card: R16.50;
Cash withdrawal: Any local bank (assisted) – R80.00 plus R2.50 per R100 / Absa / POS – local – ATM – R2.50 per R100;
Account payments: online or ATM – R10.00 / Absa branch – R80.00;
Debit orders: Free;
Bank statement: online – R10.00 / Absa Cat ATM – R20.00;
Balance inquiry: Free / Assisted: R9.00;
Insufficient funds fee: R10.00
and others.
Rewards1.5% cash back on monthly spending (1% cash back when you spend plus 0.5% when you reach monthly banking goals)up to 30% cash back on groceries, fuel, health & beauty, and at partners (conditions apply);
up to 1.15% on everything else;
Absa Advantage: complete challenges and get rewarded

Then, if you are interested in another option, learn how to apply for an Absa Flexi Core Credit Card!

Absa Flexi Core Credit Card

How to apply for the Absa Flexi Core Credit Card?

Learn how easy and fast it is to apply for an Absa Flexi Core Credit Card and start earning rewards and building your credit history today!

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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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