Learn the Benefits and How to Get Approved for the Capitec Credit Card

If you are looking for a well-rounded credit card, Capitec Bank’s Global One is the most outstanding choice that you can make. The card streamlines everything that you need, from user experience down to all that you need when it comes to credit services.

Whether you’re shopping or traveling around the world, this credit card aims to simplify your experience. You can even personalize your credit options if you want to. 

With so many features and benefits, this is one of those credit cards that you must have. In this article, we’ll tell you more about the benefits and features of the Capitec Global One card and how you can apply for this card.

• Is the Capitec Credit Card Suited for You?
• An Underrated Advantage You Get When You Have the Capitec Credit Card
• Interest Rates Are Dependent on Your Credit Score
• Manage Your Daily Purchase and Withdrawal Limits With the Help of the Capitec App
• Learn How to Protect Your Card From Fraud

Is the Capitec Credit Card Suited for You?

One of the major questions you have to ask yourself when it comes to owning a credit card is whether or not card is suited for you. 

You often think of the benefits and features that you can get, but if it doesn’t fit your lifestyle, you won’t be able to enjoy using the card at all. 

The Capitec credit card is suited for those who live on average or even minimum wage, since it is also one of their requirements. For those who have a lavish lifestyle and want to own a credit card, it is best that you try other options from the bank. 

Those who want a credit card but are living on a minimum wage and want to get approved will highly enjoy the Capitec credit card and its many features and benefits. 

How to Apply for a Capitec Credit Card

Before you apply for a credit card, you need to know first if you are eligible to own one. You must be at least 18 years old and above to apply for the card. You also need to have a minimum monthly salary of 5,000 South African Rand or 10,000 South African Rand if you are self-employed. 

You will need to prepare your original ID as well as several other documents, such as your latest payslips and other income statements. You should also prepare documents like proof of residence that is not older than three months in case the bank asks for it. 

They will then assess your financial status before you can be approved. You can also apply through the app and submit all of the requirements online.

An Underrated Advantage You Get When You Have the Capitec Credit Card

Many credit card companies or banks cater to people who can afford a certain lifestyle. While it may be good for business, there are a lot of people who also need credit cards to pay their bills. This is why Capitec has the lowest first-tier income requirement of 5,000 South African Rand than any other bank in the country. 

This explains why people are choosing Capitec as their first credit card and are more likely to stay with them for the longest time possible. This underrated advantage allows you to own a credit card even with the standard minimum wage. 

Perhaps the biggest perk of this card is that it also offers 1% cashback on all purchases. This allows users to earn money back as they spend. In addition, this card offer users travel insurance protection.

How to Pay Your Capitec Credit Card

One of the golden rules of having a credit card is to pay on time. Whatever you do, you should always make it a point to spend as stated on the bill. 

Capitec makes it easier for its users to pay on time by allowing them to download their app and make digital payments instead. You are given 55 days to pay your debt, and it is much better to pay your debt before the due date to help you earn a good credit score.

Pay through the app, and you’ll be able to pay on time with the app’s notification feature to help remind you of your payment schedule.

Interest Rates Are Dependent on Your Credit Score

One of the many reasons why people are hesitant to get a credit card is their credit score. Many people have a very abysmal credit score and suffer from their mistakes. 

This is why many people do not want to get a credit card and suffer the same fate. Now, Capitec lets you take control of your interest rates. If you’re new and want a credit card, the Capitec credit card is highly recommended. 

Your interest rates depend on your credit score, and since you’re new, you’re highly likely to have a lower interest rate than many others. 

This rewards people with good credit scores and encourages them to take the leap and go with the Capitec credit card instead.

Get Up to 55 Days Free From Interest

Speaking of interest, you might be interested in taking advantage of another benefit by having a Capitec credit card. You get up to 55 interest-free days when you sign up and use the credit card on all of your transactions. 

You will need to pay all of your interest and credit on time while also maintaining a good credit rating. Take this time to use the card when you’re traveling or you simply want to have a shopping spree. 

You’ll thank yourself later since you don’t have to worry about interests creeping into your bill at the end of each cycle.

Manage Your Daily Purchase and Withdrawal Limits With the Help of the Capitec App

Now that you have your credit card, it can be easy to be overwhelmed with swiping and spending. The app helps you manage all of your credit card and banking transactions so it is highly recommended that you download the app on their official website. 

The app also helps remind you of your daily purchase and withdrawal limits so you don’t go overboard with spending. 

Going over your current limit will only cost you to lose some of the benefits so make sure that you don’t go beyond your limit. You can view your transaction history as well as make all of your payments using the app.

Help manage your credit score and ensure that all of your transactions are valid while also being able to pay before or on schedule. This way, you can maintain and enjoy the benefits of having a Capitec credit card.

Pros and Cons of the Capitec Bank Credit Card

As with many other banks, the Capitec Bank credit card has its fair share of pros and cons. Knowing all the features and benefits is one thing, but you also need to know a few more when it comes to the credit card.

One of the major benefits of getting a Capitec Bank credit card is the personalized credit option. This will surely draw you to sign up for the card. You also get up to an R250,000 credit limit if you have the right profile and you have the best possible credit score. 

One of the major drawbacks is the additional interest charge when you have a negative balance.

Learn How to Protect Your Card From Fraud

Fraud and card loss is one of the most frustrating things you will ever experience if you own a credit card. It’s a difficult and frightening experience that someone out there has your personal information. 

It is always best to learn how to protect yourself from fraud. With the Capitec credit card, you now have the options to help protect your account from fraud.

Shield yourself from becoming the next victim by calling Capitec. They will immediately work on activating the card loss protection on your credit card and report the incident to the proper channels.

Make sure to provide as much information as possible so the process can be a smooth experience for everyone. As with card loss, they will immediately deactivate the card to prevent it from being used.

Here’s How You Can Contact Them

With that said, here is how you can contact them in case you want to apply for a credit card or if you want to report a lost card or any fraudulent activity or transaction on your account. 

Capitec Bank is located at 1 Quantum Street, Techno Park, Stellenbosch, South Africa. You can also call them using the number (021) 809 4599.

You can also check out their official app to see what options you can use to contact them in case you need help.

Conclusion

The Capitec Bank credit card offers a lot of solutions for your needs. Not only does it allow people to apply easily, you get tons of features and benefits to help you achieve a better credit score in the long run. Get everything that you need in your life when you have the Capitec Bank credit card.