Who can apply?
Capitec does not publish rigid income tiers, but it does run the affordability assessment required by the National Credit Act and a credit bureau check. The basic conditions are:
✔️ Be 18 years or older
✔️ Have a valid South African ID (green book or smart card)
✔️ Earn a steady monthly income of R5 000 or more, or R10 000 if you are self-employed
✔️ Have a clean credit record: no judgments, no debt review and no defaults at the bureaus
✔️ Pass the affordability assessment on your income, expenses and existing debt
What are the rates and fees?
✔️ Monthly fee: R50, charged whether you use the card or not
✔️ Initiation fee: R100, once-off, when the card is issued
✔️ Interest rate: personalised, from prime for the strongest profiles up to the maximum the NCA allows
✔️ Interest-free period: up to 55 days on purchases, only if the statement balance is paid in full
✔️ Local card swipes: free; ATM cash withdrawal: R10 per R1 000; no currency conversion fee on foreign purchases
✔️ Credit insurance: available through Capitec if you do not have your own cover
Fees are repriced every year. Confirm the current figures in the Capitec pricing guide before you sign.
What documents do you need?
✔️ South African ID
✔️ Latest payslip, or proof of income for self-employed applicants
✔️ Bank statements for the last three months if your salary is not paid into a Capitec account
✔️ A cellphone number and email address for the application and the notifications
A piece of advice for you!
Ask for a limit that matches your real monthly cycle, not the maximum. A request sized to what you actually spend is approved more easily, usually gets a better rate, and the limit grows on review after a few months of good conduct.
If you already bank with Capitec, apply from the app rather than at a branch. The bank can see your salary and your spending, which means fewer documents and a quicker answer, often in minutes.
Set up the automatic payment of the full statement balance on day one. That single setting keeps you inside the 55-day interest-free window every month and makes the interest rate irrelevant.
And treat cash withdrawals as an emergency-only feature: they carry interest from the day you draw the money, with no grace period.
Apply now on the official Capitec website!
On the official page you can apply online, in the Capitec app or find a branch. Have your ID, payslip and bank statements ready. Tap the button to go there.
