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

Are you looking for an all-rounder credit card? Capitec Bank’s Global One is just that. The card is made to ease user experience by offering a unified way to avail of all your desired credit services. 

From shopping to traveling, the credit card will simplify your overall personal experience. What’s more? You get to personalize your credit options with the Global One. 

With a plethora of features and pretty good reviews, this is a credit card you might want to check out. In this article, you can explore the benefits and features of the Capitec Global One card and also learn how to apply.

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

Features of the Capitec Global One Credit Card

The defining feature of this credit card is its versatility. Unlike other cards, this Capitec credit card is not limited to its credit feature. You can carry out secure transactions with your PIN as well as with  biometric and photo ID authentication 

Alternatively, you can take advantage of one of the four savings plans offered by the Global One card and earn as much as 7.5% per year. 

The card will also offer two insurance options. You will get a long 55-day interest-free period when you use this credit card to pay. On top of that, you will be rewarded with a 2.25% interest each year for having a positive balance. 

With so many functions, you may be worried about losing track of your expenses. Thanks to the bank’s mobile app, keeping track of your card activities is now easier than ever. 

Pros and Cons of the Capitec Bank Credit Card

Even if none of these features draws you toward the Capitec Bank Global One credit card, the personalized credit option sure will! You can get up to an R250,000 credit limit if you have the right profile and affordability. 

However, one of the drawbacks of this card is that it charges an additional interest for having a negative balance. A 7.25% interest on negative balances is payable on your card if you have a negative balance. 

Fees and Rates of the Capitec Credit Card

It is important to find out about all the fees associated with the credit card before you apply. Below is a list of fees and rates that come with the card.

  • Initiation fee: R100
  • Monthly fee: R40
  • Interest rate: 7.00% – 17.50%
  • Foreign transaction fee – $0

Eligibility Criteria for the Capitec Bank Global One Credit Card

To be eligible for this card, you must be a citizen of South Africa and be 18 years old or more. Additionally, the bank will assess your financial standing through employment details, savings, additional sources of income, etc. 

The bank’s final selection criteria are to assess your credit score and ensure that you are not currently bankrupt. Moreover, you will not qualify for this card if you have taken up any credit in the last week. 

How to Apply for Capitec Bank Global One Credit Card

You can apply for the Capitec Bank card by visiting a branch with some essential documents. You will be expected to fill out an application form and verify yourself with original identification documents. 

If you are married, you have to provide your marriage certificate. You must also provide your latest salary slip and stamped bank statement featuring three of your latest deposits. 

Prepare all of these documents beforehand to speed up the process. Want to save time? You can try the online estimate and check whether you qualify. 

Capitec Bank Address and Contact

Address: 1 Quantum Street, Techno Park, Stellenbosch, South Africa

Telephone: (021) 809 4599 

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

The Bottom Line 

The Global One credit card offers an incredible solution for hassle-free synchronization. Not only can you use a credit balance, but you can also save and insure.  

If you don’t want to complicate your life with multiple accounts, you can check out the Global One card. 

Disclaimer: There are risks associated with applying for and using credit products. It is recommended that you consult the bank’s terms and conditions page for additional information.