Capitec Bank’s credit card stands out for South Africans seeking a flexible, accessible option. With interest rates from just 10.5% to 21%, the card offers a personalised credit limit and zero currency conversion fees—ideal for both spending locally and abroad. Applicants need an original ID, a salary slip, and bank statements; the minimum income is R3,000, or R5,000 if self-employed. The card attracts a once-off R100 initiation fee, and a R50 monthly service fee. Importantly, 1% cash back on all purchases and free monthly delivery are notable draws.

How to Apply for the Capitec Credit Card

Applying is quite straightforward. First, ensure you meet the income and documentation requirements. Then, complete your application via Capitec’s online platform, mobile app, or by visiting a physical branch. Once submitted, Capitec will review your profile and advise on your eligible credit limit. If approved, your card can be delivered to your door, simplifying access.

Pros of the Capitec Credit Card

Capitec credit card users benefit from 1% guaranteed cash back on spending—both online and in-store. Another advantage is the 1GB free Capitec Connect data, ideal for digitally savvy users. The interest-free period of up to 55 days and free local card swipes enhance value.

Cons of the Capitec Credit Card

A notable downside can be the variable interest rate (10.5% to 21%) depending on your creditworthiness, meaning not every applicant gets the lowest rate. Also, while fees are reasonable, R50 per month for maintenance may add up over time for cost-conscious individuals.

Our Verdict

The Capitec credit card is a compelling, feature-rich offering, especially suited to those looking for simple rewards and lower fees. If you qualify and want to blend flexibility, rewards, and easy management, this card is worth considering.