The Capitec Credit Card continues to make waves by offering customer-friendly rates and practical benefits. With interest rates starting from 10.5% and a credit limit that is personalised to your financial profile, this card is designed for both flexibility and affordability. A monthly fee of R50 and a one-off initiation fee of R100 keep costs transparent and low. Notably, cardholders receive 1% cash back on all purchases and benefit from free delivery, making this offer attractive to budget-conscious South Africans.

How to Apply: Step by Step

Applying for the Capitec Credit Card is a straightforward process. Begin by ensuring you have your original ID, a recent salary slip, and a three-month bank statement.

Next, ensure you meet the minimum monthly salary requirement of R3,000, or R5,000 if you are self-employed.

You can initiate your application online, via the Capitec banking app, or at any Capitec branch nationwide.

After submitting your documents, Capitec will assess your credit profile before offering a personalised credit limit.

If approved, you’ll receive your card delivered to your door at no extra charge, ready to use both online and in-store.

Main Pros

One major advantage of this card is the 1% cashback on every purchase, whether made in-store or online, as well as on digital wallets like Apple Pay and Samsung Pay.

Cardholders benefit from 1GB free Capitec Connect data monthly, perfect for staying connected on the go without worrying about extra costs.

The absence of currency conversion fees on overseas spend adds extra value for frequent travellers or online shoppers.

A Few Cons

The card does require a minimum income, creating a barrier for those earning less than R3,000 or the self-employed earning under R5,000 each month.

While the cashback rate is competitive, it is capped at 1%, so larger spenders seeking higher rewards may find it limited compared to premium cards.

Our Verdict

The Capitec Credit Card stands out for its affordability, cashback, and digital perks, making it a smart choice for most South Africans seeking simple, rewarding banking. The limitations for lower-income earners are worth noting, but overall, this offer scores highly on value and convenience.