Credit Cards

Capitec Global One Credit Card full review: should you get it?

Meet the credit card that offers up to R500,000 credit limit and credit insurance. Check out the review below and learn more about!

by José Gonçalo

01/23/2023 | Updated on 01/28/2023

Capitec Global One Credit Card: 1.5% cashback on all purchases

The Capitec Global One Credit Card is excellent for a great reward program. In fact, with this card, you can get cashback on all your purchases. As a result, it is an excellent way to save money!

Capitec Global One Credit Card: check out how to apply!

Apply to Capitec Global One Credit Card and get 55 days of interest rate collection free and up to 1.5% cashback. Know how!

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Also, there are monthly rewards if you complete simple tasks. Do you want to learn more? Then keep reading and discover these and other benefits below!

Credit Score	Average or better (634 or greater);
Monthly Fee	R45;
Initiation Fee	R100;
Interest Rate	From 10.50% to 21.00%;
Rewards	1% cashback on all money spent on online purchases or in physical stores; after reaching the monthly bank balances, the yield rate becomes 1.5%.

Capitec Global One Credit Card: learn more about this financial product

Capitec Global One Credit Card is an excellent option for anyone looking for an advantageous cashback program. With this card, you can receive up to 1.5% cashback on all your monthly purchases.

In addition, your positive balance will yield 3.50% per year. This card also reports your activities to the credit bureaus to build your credit history.

Furthermore, you can enjoy 55 days without interest. Also, cardholders can count on up to R5 million free travel insurance and credit insurance. All this on a MasterCard, accepted worldwide.

Capitec Global One Credit Card features

Person holding credit card and using cellphone — Capitec Global One Credit Card main features. Source: Capitec

Receiving cashback on all purchases is an extremely advantageous benefit. However, there are other features of this card that you need to know about before applying for it.

So, see this product’s main advantages and disadvantages in the following lists!

What are the benefits?

Rewards program that offers up to 1.5% cashback on all your online or in-store purchases;
The yield of 3.50% per annum on the positive balance left on the card;
Possibility of building credit;
Access to R5 million travel insurance.

And what are the drawbacks?

You will need to complete monthly goals to have a 1.5% cashback. If you arrive too late, you won’t have much time to enjoy this benefit;
This card does not offer benefits in purchases or travel advantages (miles, discounts, or similar);
Applicants with not-so-high credit scores may receive relatively high-interest rates;
The monthly income criteria for this card make it inaccessible to most of the population (R5,000 for salaried workers and R10,000 for the self-employed).

What credit score do you need to get the card?

Your income will be much more decisive for the final response to your application for this card. However, an adequate credit score can result in better interest rates.

Therefore, we recommend you have at least an average credit rating (634 or higher) to take advantage of this product.

How does the application process work?

Do you want to earn up to 1.5% cashback on all purchases? So, find out how to apply for this card by accessing the following post!

Capitec Global One Credit Card: check out how to apply!

Apply to Capitec Global One Credit Card and get 55 days of interest rate collection free and up to 1.5% cashback. Know how!

Keep Reading

About the author

José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.