In the dynamic landscape of personal finance, having access to credit can be a valuable asset. Capitec Bank, known for its innovative and customer-centric approach, provides a credit facility that serves as a versatile financial tool for its customers.
In this guide, we’ll take an in-depth look at the process of applying for Capitec credit, understanding the features of their credit facility, and the steps involved in securing financial flexibility.
Apply online for a credit card with up to R500 000 credit limit from prime. You get free delivery and cash back on your monthly spend.
Capitec Credit Card Offers
- Credit limit up to R500 000
- 1% Cash back guaranteed on all your spend when you click, tap, swipe or scan to pay in store or online
- Zero currency conversion fees
- Free local swipes
- Free credit card delivery to your door
- Interest from prime
Additional benefits include:
- Up to 55 days interest-free period
- Safe and secure online shopping with retailers
- Free travel insurance up to R5 million
- Help to build your credit record
- Earn 3.50% per year on a positive balance
- Credit insurance is available if you do not have your own
What do you need to apply for Capitec Credit Card?
- Original ID document (must be 18 years or older)
- Latest salary slip
- 3-month bank statement
- The minimum salary requirement for a credit card application is R5 000 and R10 000 for self-employed clients
Capitec Credit Card Rates and fees
| Initiation fee | R100 |
| Monthly fee | R50 |
| Interest rate | 11.75% – 22.25%(based on your credit profile) |
Tips for Responsible Borrowing
While access to credit can be empowering, it comes with the responsibility of managing borrowed funds wisely. We’ll offer valuable tips on maintaining a positive credit history, understanding the terms and conditions of the credit facility, and borrowing responsibly to align with your financial goals.
Stay Informed and Empowered
Financial empowerment begins with knowledge, and this guide aims to provide you with the information needed to navigate the Capitec credit application process confidently. As financial landscapes evolve, staying informed about credit options and responsible borrowing practices is key to making sound financial decisions.
Whether you’re a current Capitec customer exploring their credit offerings or considering a move to Capitec for your banking needs, this guide is your comprehensive resource for understanding, applying, and managing the credit facility offered by this innovative South African bank. Join us on this financial journey as we uncover the steps to unlock financial flexibility with Capitec credit.
