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The Capitec Credit Card is a versatile financial tool offered by Capitec Bank, designed to cater to the diverse needs of South Africans seeking a reliable and cost-effective credit solution. Renowned for its simplicity and transparency, this card provides users with a range of benefits, making it a popular choice among consumers.
One of the standout features of the Capitec Credit Card is its accessibility. With a minimum income requirement that accommodates a broad spectrum of applicants, it ensures that more individuals can enjoy the conveniences of credit. Additionally, Capitec’s straightforward application process, both online and via their mobile app, simplifies obtaining credit, aligning with the bank’s commitment to hassle-free banking.
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Beyond accessibility, the Capitec Credit Card offers competitive interest rates and flexible repayment options, empowering users to manage their finances effectively. The integration with Capitec’s digital platforms allows cardholders to monitor transactions, set spending limits, and make payments seamlessly, enhancing the overall banking experience.
Features of the Capitec Credit Card
- Flexible Credit Limit: Depending on your financial profile and creditworthiness, you can obtain a customized credit limit that suits your needs.
- Competitive Interest Rates: Interest rates on outstanding balances are competitive, and you can enjoy up to 55 days of interest-free purchases.
- Revolving Credit: Pay either the minimum due or the full balance each month, with interest applied to the remaining balance.
- Flexible Repayments: Choose from various repayment options that fit your budget.
Benefits of the Capitec Credit Card
- Global Accessibility: Use the card at point-of-sale terminals worldwide and for online transactions.
- Efficient Financial Management: Track transactions and control spending effortlessly using the Capitec app.
- Interest-Free Period: Enjoy up to 55 days interest-free on purchases when the full balance is paid by the due date.
- Affordable Fees: Benefit from competitive interest rates and a transparent fee structure.
Annual Fees and Charges
| Fee Type | Amount |
|---|---|
| Initiation Fee | R100 (one-time charge) |
| Monthly Fee | R50 |
| Interest Rate | 11.00% – 21.50% (based on credit profile) |
| Foreign Currency Conversion Fee | None |
| ATM Withdrawal Fee | R10 per R1,000 withdrawn in South Africa |
For a detailed breakdown of all fees, refer to Capitec’s fee structure.
Required Documents
To apply for the Capitec Credit Card, you need:
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- Valid Identification: Must be 18 or older. If your name differs from your ID, you’ll need a marriage certificate, divorce decree, or name change letter.
- Latest Payslip: To verify your current income.
- Bank Statement: Showing the last three consecutive salary deposits (if salary is not paid into a Capitec account).
- Proof of Residence: A recent utility bill or similar document verifying your address.
How to Apply Online
- Visit the Capitec Website: Navigate to the official credit card application page.
- Click “Apply Now”: Start the online application process.
- Complete the Application Form: Provide all requested personal and financial information.
- Upload Required Documents: Attach scanned copies of your ID, proof of residence, and proof of income.
- Review and Submit: Ensure all details are accurate before submitting the application for review.
How to Apply via the Mobile App
- Download the Capitec Banking App: Available on App Store and Google Play.
- Register or Log In: If you’re a Capitec customer, log in; otherwise, follow the registration steps.
- Go to the Credit Card Section: Select “Apply for a New Card.”
- Enter Your Details: Provide the necessary personal and financial information.
- Upload Required Documents: Use the app’s feature to capture and upload your ID and proof of income.
- Submit Application: Review and submit for processing.
Frequently Asked Questions (FAQ)
1. What is the minimum income requirement for the Capitec Credit Card?
- The minimum monthly income requirement varies but generally accommodates a broad range of applicants.
2. How long does the application approval process take?
- Processing usually takes up to three business days.
3. Can I apply with a low credit score?
- Capitec evaluates applications based on financial history and affordability.
4. Is there a maximum credit limit?
- The credit limit is determined based on your financial profile and creditworthiness.
Capitec Bank Contact Information
For inquiries, contact Capitec Bank via:
- Customer Service Hotline: 0860 10 20 43 (24/7)
- WhatsApp Support: 067 418 9565 (send “Hello” to start a chat)
- Email: [email protected]
- Website: www.capitecbank.co.za
- Physical Address: 5 Neutron Road, Techno Park, Stellenbosch, 7600
