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The Capitec Credit Card is designed to offer a practical, reward-focused experience for individuals seeking a cost-effective and versatile financial tool. With cashback on every purchase, competitive fees, and robust travel benefits, this card is perfect for both everyday spending and international travel. Below is a detailed breakdown of the card’s features and advantages.
The Capitec Credit Card rewards users with 1% cashback on all purchases, and if they meet their spending goals, an additional 0.5% bonus is granted. This automatic cashback makes the card ideal for those looking to maximize rewards on regular expenses like groceries, dining, and online shopping.
Travelers can benefit from up to R5 million in free travel insurance, which covers emergencies such as medical expenses and cancellations, as long as flights are paid for with the card. Additionally, the card offers zero currency conversion fees, making it a smart choice for international use.
Users can enjoy up to 55 days of interest-free credit when they pay off their balance in full, offering excellent flexibility for managing monthly cash flow. Moreover, the card earns up to 3.5% interest on positive balances, providing a unique opportunity to grow savings while using the credit facility responsibly.
The card has a monthly fee of R50 and an initiation fee of R100, making it more affordable than many competitors. Applicants must meet a minimum income requirement of R5,000 for employees or R10,000 for self-employed individuals. This ensures the card is accessible to a wide range of users, with a credit limit that can go up to R500,000, depending on the applicant’s credit profile.
The Capitec Credit Card integrates seamlessly with Apple Pay, Google Pay, and Samsung Pay for contactless payments. Users can also create virtual cards for safer online shopping and manage transactions in real-time through the Capitec app, which provides features like spending limits, balance tracking, and instant notifications.
Applicants must have a minimum monthly income of R5,000 if employed or R10,000 if self-employed. They need to provide supporting documents such as a valid ID, payslips, and a three-month bank statement
The monthly fee is R50, and there is an initiation fee of R100. While there are no currency conversion fees for international transactions, users may incur fees for ATM cash withdrawals at non-Capitec ATMs
The Capitec Credit Card provides free travel insurance with coverage up to R5 million for emergencies like medical expenses when cardholders pay for airline tickets with the card. Additionally, no currency conversion fees make it attractive for frequent travelers
Yes, users earn 1% cashback on all purchases, with an additional 0.5% for meeting monthly spending goals. These rewards are automatically credited, enhancing the value of everyday spending
The Capitec Credit Card integrates with Apple Pay, Google Pay, and Samsung Pay for contactless payments. Users can also create virtual cards for online purchases and manage their transactions through the Capitec app, which offers real-time tracking and spending limits management
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