Capitec Bank Credit Card: Enjoy a Credit Limit Reaching R500,000 and Zero Foreign Transaction Fees

The Capitec Bank Credit Card provides a credit limit reaching up to R500,000, along with 1% cashback when transactions are made through digital wallets such as Apple, Samsung, Google, or Garmin!

This credit card features the Mastercard logo, ensuring wide acceptance globally, and you can discover how to apply.

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Capitec Bank is recognized as the leading retail bank in South Africa, with over 120,000 new accounts created each month and more than 850 branches nationwide.

This bank offers a wide array of services for both individuals and businesses, including investment opportunities. The Capitec Bank credit card serves as a simple tool for managing everyday finances, whether locally or abroad.

A key advantage is the no currency conversion fee, making it ideal for transactions in dollars and euros.

Capitec places a strong emphasis on online shopping, providing security for transactions and 1% cashback on all wisely made purchases.

Smart usage includes payments through Apple Pay, Google Pay, Samsung Pay, or Garmin. You can also enjoy free contactless payments with complete setup via the app.

Capitec Bank states that the maximum credit limit for the card is R500,000, depending on individual client conditions.

The minimum income needed to obtain the card is R5,000 for salaried individuals and R10,000 for self-employed persons, catering to various income sources.

The card has an initiation charge of R100, a monthly fee of R50, and interest rates ranging from 11.75% to 22.25%, based on the credit profile.

Alongside the income requirement, applicants must also open an account with Capitec Bank to access the card.

Yes, the entire account opening application can be done via internet banking and the bank’s apps, although the card application itself is processed through an agency.

Capitec Bank’s services are seamlessly integrated, allowing you to manage everything through your smartphone or internet banking.

Additional perks include up to 55 days of interest-free credit, travel insurance up to R5 million, 3.5% annual interest on positive balances, and credit insurance options.

It’s essential to note that to obtain your card, you must hold a Capitec Bank account. The account opening process is entirely app-based and designed for a smooth user experience.

Furthermore, the card assists you in establishing a comprehensive credit history, which is vital for securing other credit cards in the future.

Interested in exploring another option?

If you’re seeking a more luxurious credit card that offers international travel benefits, consider the Absa Private Banking Visa Signature Credit Card.

This card grants you VIP access to lounges around the globe and exclusive Visa perks. Plus, you can find out how to apply.

SEE HOW TO APPLY