Capitec Credit Card full review: should you get it?
Capitec Credit Card is a card that is highly valued for its low fees, excellent rate of return and the service provided to customers. Read our full review to learn more about it!
Capitec Credit Card: Great credit limit and rewards program!
Indeed, the Capitec Credit Card is a card issued by Capitec Bank. The motto of this company is to offer a personalized and economical banking service.
Thus, will this company be able to fulfill this mission? To find out, see the review below:
|Good or better (680 or higher);
|From 9.75% to 20.25% (variable);
|Live Better Program offers a cashback of 1% on your monthly spending, and you can earn 0.5% additional cash back if you complete monthly challenges.
Capitec Credit Card: learn more about this financial product
In recent years, this card has conquered an increasing number of customers. In fact, this is no accident. Firstly, this card will arrive at your home completely free of charge after approval.
For the first 55 days of use, there is no interest charge on your purchases. If you leave a positive balance on this card, that money will earn you 3.5% per year with complete security.
Also, good use of credit can help you build a good credit history. Travelers can count on emergency insurance of R5 million. Also, you can use this card anywhere that accepts Mastercard cards.
You will be redirected to another website
Capitec Credit Card features
Indeed, by now, you must have had a good first impression of this card. However, there are some “weak points” in this product that we need to highlight so you can get a real look at this one.
So, to know the main advantages and disadvantages of having this service, check out the following lists:
What are the benefits?
- High credit limit: R500,000;
- Cashback program of up to 1.5% on all your purchases;
- Travel insurance of R5 million;
- Enjoy 55 days without charging interest on your purchases.
And what are the drawbacks?
- You must complete challenges every month to gain access to the cashback program. In the month you don’t complete them, you won’t earn rewards;
- There are no advantages or discounts in the purchase of airline tickets, accommodation, and car rental, which is relatively common in competing cards;
- To apply, you must meet income criteria, which leaves many applicants ineligible;
- If your credit score is not good enough, the interest rate and credit limit offered to you may not be very beneficial.
What credit score do you need to get the Capitec Credit Card?
In fact, if you meet the income criteria, you may be eligible for this card even if you have a less-than-good credit score.
However, we recommend you score at least 680 or more to access the best rate and credit limit conditions.
How does the Capitec Credit Card application process work?
You can apply for this card online and from anywhere. All you need is a computer with internet access. So, check out the post below to learn the step-by-step application process for this card!
About the author / José Gonçalo
Social grants: choose the right benefit for you
The government wants to pay you up to R2,000 so that you can live better! Learn more about social grants and how you can benefit from them!Keep Reading
Standard Bank Blue Credit Card full review: should you get it?
Standard Bank Blue Credit Card is everything you need in a credit card: basic services, a low monthly fee, and a 10.25% rate. Learn more!Keep Reading
You may also like
Social Relief of Distress: perfect help when you need it most
Social Relief of Distress is fast, free, affordable federal relief for everyone you can count on in times of extreme hardship. Read on!Keep Reading
Buy cheap South African Express flights: easy step by step
Buy cheap South African Express flights for R500 and fly nationally and internationally in comfort and safety. Find out how here!Keep Reading
Woolworths Black Credit Card: check out how to apply!
Apply to Woolworths Black credit card and get up to 3% cashback and up to 8 extra credit cards without having to pay additional fees for it!Keep Reading