Unlock Rewards and Responsible Spending with Capitec Bank Credit Card

Wishing cash back, travel perks, and high limits? Examine the pros and cons of the Capitec Bank Credit Card.

Capitec Bank’s credit card boasts a high limit of up to R500,000, but that’s not all. They reward smart spending with 1% cash back, making it a great option for those who want to be financially savvy and reap the benefits.

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Benefits and considerations

The Capitec Bank credit card offers a range of features designed to suit different spending habits. Here’s a breakdown of some key points to consider.

Enjoy an interest-free period of up to 55 days on purchases, allowing you to manage your repayments effectively.

After the initial period, the interest rate on your balance will vary between 11.75% and 22.25% depending on your creditworthiness.

There’s also a once-off initiation fee of R100 and a monthly fee of R50 to keep in mind.

Earn 1% cash back on your purchases when you pay strategically. This incentivizes responsible credit card use and puts money back in your pocket.

The Capitec Bank card includes free travel insurance for up to R5 million, providing peace of mind and protection for unexpected medical expenses while abroad.

Using the card responsibly and making timely payments can help establish a positive credit history, which can be beneficial for future loan applications.

There are several ways to pay your Capitec Bank credit card balance: – Straight: – Interest-Free — pay your entire balance in full before the due date to avoid interest charges. – Up to 55 days to pay for purchases, interest-free – You can make a minimum monthly payment of 5% on your outstanding balance. – Budget: this option allows you to manage and repay purchases over a longer term (up to 48 months).

No, the Capitec Bank credit card offers zero currency conversion fees when you spend overseas.

Credit card insurance is an optional add-on that provides coverage in case of unforeseen events like permanent disability, job loss, or death. This can help you manage your credit card repayments during difficult times. While Capitec offers its own credit card insurance, you can also choose an alternative policy that meets their minimum requirements.

Applying for the Capitec Bank credit card can be done through their app, online platform, or by visiting a Capitec branch in person.

Intrigued by the Capitec Bank credit card?

If you’re eager to learn more and start your application, read a comprehensive article to discover a step-by-step guide that will make the process a breeze.

See how to apply

Considering alternatives?

The Absa Flexi Core credit card is a strong contender. It also boasts a high credit limit (up to R500,000), offers cash back for strategic payments, and has a manageable monthly fee.

SEE HOW TO APPLY