Finding the right credit card can be one of the most defining moves you make in your financial life. However, it isn’t an easy task. There are a number of factors that should come into play before finally settling on a card, like the Capitec Credit Card.

Capitec is one of the most trusted banks by a number of people and for good reason too. That’s why you’re probably looking at the Capitec Credit Card. With a number of benefits for holders of the card, how can you ignore it?

You can find out more about how to apply for the card below. There’s also information on fees that are charged on the card, coupled with the interest rate you’re likely to face. Find all that out when you read on.

Capitec Credit card
Image source: capitecbank.co.za

Benefits & Features of A Capitec Credit Card

Before we dive into how to get this specific card from Capitec, you need to know exactly what you’re getting into. In simple terms, you want to know what the benefits are when you’re a holder of a Capitec Credit Card.

With this specific card, you get an interest-free period of up to 55 days on all your purchases.

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In addition, you then get a credit limit that can stretch up to around R250,000. On your overseas expenditures, you don’t have to worry much about the fees because there aren’t any currency conversion fees.

The features that make this card stand out include the ability to manage your credit card through the Capitec app. Like most banks, Capitec has an app that makes life easy as your phone is all you need to get info on your card.

Long queues to find out simple information on your card are a thing of the past thanks to the app.

The other feature that makes this card stand out is the secure online purchases. Online purchases are quite a normality today so getting a card that offers you protection is a plus.

If your purchases are damaged or lost and you bought them with your Capitec Credit Card, you are covered.

Fees

You also need to know how much you’ll be paying to enjoy the use of this card before you apply for it. There are a number of fees that apply with all credit cards even if they don’t have annual fees.

For the unknown fees, you should consult with a rep from the bank to get more information before going ahead with the card.

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  • There is an initiation fee you pay to activate the card. The fee is set at R100.
  • You then have to part with a monthly fee of around R40.
  • The interest rate is set according to your credit score. This is usually done by most credit card issuer, not this one alone. And for this card, you have to deal with an interest of around 7.75%-18.25% annually. The APR, in this case, is variable.

Eligibility

Before applying for any card in the market, you have to meet certain requirements and they include you earning at least R3, 000 monthly and be at least 18 years old.

There are a number of documents that you have to produce for verification to get the card. You can find out more about that on the Capitec website.

When it comes to the best way to get the Capitec Credit Card, you can easily walk into any of the branches and get your card. You can check how much you qualify for through this link today.

How To Apply

To apply for a credit card with Capitec Bank, you can simply go to the bank’s website and locate the credit card section. From there you can select the option to apply to begin the process. 

With Capitec, all you have to do online is fill in your personal information. To complete the application, you have to visit a branch of the bank.

Contact Capitec Bank

If you would like to contact Capitec Bank, you can make use of the 24/7 customer line at 0860 10 20 43. You can also send them an email at ClientCare@capitecbank.co.za.

In addition, you can visit their headquarters at 1 Quantum Street, Techno Park,  Stellenbosch, Western Cape, South Africa.

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Conclusion

Getting a Capitec Credit Card has never been this easy as it is today. This was just a simple guide on how you can get the card and what exactly you can get once you have the card.

*Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information. 

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