The Capitec Credit Card continues to be a popular choice in South Africa, offering strikingly clear value for a broad range of customers. Highlight features include a variable interest rate from 10.25% to 20.75% (linked to your credit profile) and a personalised credit limit, with the ability to earn 1% cash back on all spending. There are additional perks, such as free credit card delivery, 1GB of free Capitec Connect data monthly, and importantly, no currency conversion fees on overseas transactions.

Capitec makes approval and usage straightforward, giving cardholders up to 55 days interest-free on purchases if their full balance is paid on time. It’s also worth noting the low initiation fee of R100 and an affordable monthly fee of R50. Let’s take a closer look at the application process and key benefits and drawbacks of this card.

How to apply for the Capitec Credit Card

The Capitec Credit Card is accessible with a simple application process. To apply, you need to be 18 or older, provide your original ID, latest salary slip, and a 3-month bank statement. The minimum salary requirement is R3,000 (R5,000 for self-employed).

Applications can be made online, via the Capitec app, or in a Capitec branch. After submitting the required documents and information, Capitec assesses your credit profile and advises you of the approved limit and interest rate. The card is delivered to your door at no extra cost.

Capitec Credit Card Pros

One of the standout features is the 1% cash back on every rand spent. This effectively works as savings on every transaction, regardless of where you shop, be it online or in-store. Free local swipes ensure that there are no unexpected charges when transacting locally.

Zero currency conversion fees set Capitec apart among credit card options, resulting in savings for those who travel or shop internationally. The inclusion of 1GB free Capitec Connect data each month is an unusual but valuable perk, perfect for customers who value connectivity.

Capitec Credit Card Cons

While the qualifying salary is low, approval and your credit limit are subject to a credit check and affordability assessment. Therefore, if your credit history is less robust, you may face a higher interest rate or a lower limit.

Additionally, while cash back is advantageous, at 1% it may not appeal to customers looking for higher rewards programmes and advanced perks typical of premium cards.

Verdict: Is the Capitec Credit Card Right for You?

With its low fees, cash back, and digital benefits, the Capitec Credit Card is best suited for everyday spenders and even frequent travellers. Its straightforward pricing and application process make it easy to recommend—especially if you prioritise savings, simplicity, and transparency.