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Capitec Credit Card review: earn cash back!

The Capitec Credit Card offers a variety of features and benefits that make it the perfect solution for all your financial needs. Read our review and get started on your path to financial freedom!

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Capitec Credit Card: Credit limits up to R500,000 and cash back rewards

Capitec credit card
Looking for a credit card with cashback? This one has! Source: The News Stacker.

Are you looking for a credit card that fits your lifestyle? The Capitec Credit Card can offer you all the advantages with none of the hassles.

Whether you’re shopping online or managing your expenses, this incredible card has been designed to make life simpler.

Capitec credit card

How to apply for the Capitec Credit Card

A simple, step-by-step guide on how to apply for a Capitec Credit Card. Plus, learn more about the benefits of having a Capitec credit card.

  • Requirements: You’ll need an original South African ID, be 18 years or older, earn R5,000 or more monthly (R10,000 for self-employed applicants), and provide your latest salary payslip and last three bank statements. 
  • Initiation Fee: The one-time initiation fee is R100.
  • Monthly Fee: R45.
  • Rates: Between 10.50% and 21.00% based on your credit profile.
  • Rewards: Up to 1.5% cash back on purchases (1% when you buy, and an additional 0.5% when you reach your monthly banking goals).

With its budgeting tools, global reach, and comprehensive network of rewards, the Capitec Credit Card is an excellent choice for anyone looking to upgrade their financial life. 

Not only will it save you time and money with every transaction or purchase made, but you’ll also benefit from a wide range of personalized benefits designed to help meet your individual needs.

Read our review below to discover why a Capitec Credit Card is a great solution for managing all your financial affairs.

Capitec Credit Card: What can you expect?

The Capitec Credit Card gives you true freedom and control over your spending. With Capitec, you can access up to R500,000 in credit, with an interest rate as low as 10.50%, so you can make those big purchases that you’ve always dreamed about.

The card offers a flat 1.5% cash back rate on purchases (1% when you buy, and 0.5% when you reach your monthly banking goals). You’ll also have up to 55 days interest-free period, zero currency conversion fees, and free travel insurance up to R5 million.

Capitec helps you with budgeting tools to increase your credit record, and rewards you with 3.50% interest per year when you keep a positive balance. Best of all? Its monthly maintenance fee is a modest R45. 

Plus, it’s easy to manage your account online or on the Capitec app, giving you the flexibility to check your balance or make payments anytime you want.

Do the pros outweigh the cons?

Capitec credit card
Every time you use this card you earn cash back. Source: Canva.

The Capitec Credit Card is a great tool for anyone looking to manage their finances. It offers excellent benefits such as low interest rates and easy online access. But is it the right card for you? Let’s take a look at some of the pros and cons associated with it.

Pros

  • Earn up to 1.5% back on all purchases you make with your Capitec Card;
  • Up to a 55 interest-free period on purchases;
  • No foreign conversion fees;
  • Free travel insurance up to R5 million;
  • 3.50% interest yearly when you keep a positive balance; 
  • High credit limits, up to R500,000.

Cons

  • Depending on your overall creditworthiness, you could end up with a rate as high as 21%;
  • You must have a monthly income of at least R5,000. 

What are the eligibility requirements?

To become eligible for the Capitec Credit Card, you must be a South African resident of 18 years or older. You must have a valid ID, and earn at least R5,000 monthly. Self-employed applicants must earn double that figure, at R10,000.

You also have to provide Capitec with a recent proof of residence, your latest payslip, and your last three bank statements. 

Learn how to request the Capitec Credit Card

Are you looking to manage your finances more efficiently, save on fees and access credit in a convenient way? The Capitec Credit Card could be the answer to all your financial needs.

With great features, low interest rates and fantastic benefits, this cost-effective and reliable credit card offers you both peace of mind and flexibility when it comes to managing money.

Read on to learn how easy it is to apply for this amazing product!

Capitec credit card

How to apply for the Capitec Credit Card

A simple, step-by-step guide on how to apply for a Capitec Credit Card. Plus, learn more about the benefits of having a Capitec credit card.

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