Where other banks sell credit cards in tiers, Capitec offers just one. The monthly fee is R50, plus a once-off R100 initiation fee, and the limit, anywhere up to R500 000, comes out of the affordability assessment the National Credit Act requires.
Why we recommend the Capitec Credit Card
That structure is friendly to people starting out. Capitec accepts applications from a monthly income of R5 000, or R10 000 if you are self-employed, and a modest salary simply produces a modest limit.
The card gives something back: 1% cash back on spend and 3.5% a year on a positive balance. Purchases can stay interest-free for up to 55 days, there is no currency conversion fee abroad and travel insurance of up to R5 million is included when the trip is paid with the card.
Everything lives in the Capitec app, where you can freeze the card, switch tap or online payments on and off, set your own limits and get a notification for every purchase.
Author’s opinion
We see it as a sensible first credit card for a salaried earner: cheap to hold, easy to control and long enough on interest-free days that a disciplined user never pays interest. Existing Capitec clients also apply faster, because the bank already sees their income.
The rate is personalised, so a quote near the NCA maximum makes revolving expensive. Cash withdrawals attract interest from day one and cost R10 per R1 000 at an ATM, and there is no lounge access or premium travel perk.
I want to learn more about the Capitec Credit Card!
The requirements, the documents Capitec asks for, the fees and how the application works are on the next page. Tap the button below.
