There’s nothing as exciting as applying for a new credit card. You, however, have to ensure that the card is the right one for you and that it fits your lifestyle. So, if you’re looking for a card that charges interest from as low as 7.9%, Capitec Bank is where you should be looking.
With this card, you get to enjoy travel experiences and other exciting rewards that it comes with. This is a card that you want to be looking at if you’re an average spender and looking for a card that will match your spending.
You can learn more about this card and how to apply for it from reading below. Information on the benefits and features that this card caries can be found here. You also can find out if there are fees involved with the card and what the requirements are to apply for the card.
Benefits & Features of Capitec Credit Cards
There are a number of benefits that come with every credit card and a Capitec Bank credit card is no different. You can pay for all services and goods worldwide as long as you make cashless payments at MasterCard merchants.
The other thing you get when you use this card is travel insurance in case you don’t have your own. Though basic, you are insured in the case of medical and other emergencies while on your trip.
As a holder of this card, you earn 2.5% on a positive balance. That means that you need to keep your account as clear from a negative balance as possible. The credit limit for this type of credit card is up to R250,000.
How to Apply for a Capitec Credit Card
There are some criteria that you have to meet before you can apply for this card. The first being age, where you have to be at least 18 years old for you to get the card. You then have to earn at least R3,000 monthly, which means anyone earning from technical skills is eligible for this card.
You have to produce the required documents in order to apply for the card. It is best to have scanned copies of the same. You need to have an ID card, a computer-generated copy of your last payslip, and a stamped bank statement.
If you have a Capitec bankcard, when you apply through a branch, carry it along with the other documents.
Visit the Capitec Bank official website when you’re finally ready to apply for a card. Click on the credit cards section on the website and you’ll be redirected to the next page. On this page, choose the card you feel is most convenient for you. Click on the card and wait to be redirected.
On the next page, ensure you read all the information about the card clearly and understand it fully. Then click on the ‘apply now’ button on the next page to start filling your information on the form that comes after.
Credit Card Fees & Interest Rate
There are a number of fees associated with this card and most of them are well known. However, you can contact the bank for more information. The fees that will be charged by this card include the following.
- Initiation fee – R100
- Monthly fees – R40
- The interest charged is from 7.25%- 17.75%
- No currency conversion rate
- There’s a 55-month interest-free period when your application is approved. You are only required to pay for your monthly fees and purchases.
Bank’s Contact info & Address
You can get in touch with the bank through the customer care number +27 21 941 1377. The bank’s head office is located in 1 Quantum Street, Techno Park, Stellenbosch, West Cape, South Africa.
When you’re looking for a credit card that favors low-earners, this is the card you want to be looking at. Not only do you get interesting rates for the credit offered, you also get rewards that more than pay for the interest you earn. The good thing is you can apply for the card online, as you saw in this article.
*Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.