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The process of obtaining a credit card can be complex. However, Capitec credit card application online offers a simplified and straightforward solution.
With Capitec’s focus on digital banking services, the Capitec credit card application online process was developed to be fast and transparent. However, it is important to understand the specific requirements and steps involved before starting.
Have no idea what exactly you need to apply online and how the process works? Today, we will explain the step-by-step, in a simple and practical way, so you can get this credit card that has been standing out. Keep reading and discover how in 05 minutes.
Why is everyone praising this card?
The Capitec card stands out for focusing on what really matters in users’ daily lives, without offering luxurious benefits that most people don’t even use, such as access to airport lounges.
Main Benefits of the Capitec Card
These are the positive points of the card that have made it a success among young people:
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- Guaranteed 1% cash back: You will receive 1% of the value back on all purchases, both in physical stores and online. This money credited to your “Live Better” savings account every 10th of the month, on what they call “Live Better Day”.
- 1 GB free mobile data: For those who have a Capitec Connect SIM, there is a bonus of 1 GB of free mobile data every month. In South Africa, where data costs can be a challenge, this benefit makes a big difference.
- Exclusive discounts and cash back: The program offers advantages with a network of partners such as Dis-Chem, Showmax, and Uber One.
- Personalized credit limit: Capitec offers credit limits that can reach R500,000, adapting to your profile.
- Interest-free period of up to 55 days: You will have up to 55 interest-free days on all your purchases, provided the full amount paid before the due date.
- Interest on positive balance: Unlike most cards, Capitec pays interest even on a positive account balance.
Advantages of the Capitec Card for Travel and International Purchases
For those who love to travel or make purchases on international websites, the Capitec card is a great ally.
One of its biggest advantages is that it does not charge currency conversion fees on international transactions. This way, you can make your purchases on international websites without worrying.
Furthermore, the card includes free travel insurance with coverage of up to R5 million.
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An important tip: to activate the insurance, you will need to pay the full fare with the card, and the trip duration cannot exceed 90 days.
Costs of the Capitec Credit Card
Transparency is one of Capitec’s pillars. However, as with any search, conflicting information may arise. To clarify, we present the costs clearly and directly.
First, you must pay attention to the card’s minimum income. If you are formally employed, you must earn at least R5,000. For the self-employed, the minimum is R10,000.
The main costs you should be aware of are:
- Activation Fee: A once-off fee of R100, charged only upon approval of your card;
- Monthly Fee: The official and most recent amount is R50;
- Interest Rate: Varies between 10.50% and 21.00%. This rate is defined based on your credit profile analysis.
The Capitec card offers two payment options to adapt to your needs:
- Straight Option: Ideal for daily use, it allows an interest-free period of up to 55 days on your purchases.
- Budget Option: Designed for higher value purchases, it allows payment in fixed installments for up to 48 months, with interest applied.
Step-by-Step for Capitec credit card application online
Capitec is committed to digitalization. Therefore, the process to apply for the card is extremely simple and, generally, you don’t even need to leave home to get yours.
1. Check if you meet the card requirements
To qualify, the requirements are clear:
- Be 18 years or older.
- Minimum income of R5,000 for formally employed individuals.
- Minimum income of R10,000 for self-employed individuals.
2. Gather the necessary documents to request the card
The documents you will need are:
- Your identity document.
- Your last payslip.
- A bank statement for the last 3 months (if your salary is not deposited into a Capitec account).
3. Apply online
The application can be made in two practical ways:
- Through the official Capitec Bank website.
- Even easier, through the Capitec app.
The most impressive thing is how they verify your identity: just take a selfie for the system to compare your face with the Department of Home Affairs database.
This technology eliminates the need to go to a bank branch, saving you time.
After approval, the physical card arrives directly at your home within 3 to 5 business days.
Activation can be done by phone or through the app itself.
See how simple it is to apply for a card? It’s important to note that approval can occur immediately, but if you don’t have a good income or are still in debt, the bank may take a few days to make a decision.
Conclusion (Capitec credit card application online)
After exploring in detail the benefits, costs, and application process of the Capitec credit card, it becomes clear why it has stood out. Especially among young people and those who value digital convenience.
As you noted, the card has great benefits. Especially the guaranteed cash back, with a 1% rate.
The transparency in costs, with activation and monthly fees, and a well-defined minimum income requirement, reinforce the bank’s transparency proposal.
The 100% digital application process, without needing to go to a branch. Just follow the step-by-step.
However, there are many credit cards and options vary to meet distinct profiles and needs.
If the Capitec card, with its digitally focused features and practical benefits, seems interesting, but you want to compare it with other alternatives available in the market, we recommend that you check out Discover credit cards. This company also focuses entirely on digital and you will be able to have more options to compare.