The Capitec Credit Card is growing in popularity in South Africa due to its competitive interest rates and genuine rewards programme. It stands out by offering 1% cash back on all spend, a personalised credit limit, and low interest rates from 10.50% to 21%, based on your credit profile. With a minimum monthly income of R3,000 for salaried applicants or R5,000 for self-employed, it’s accessible to many. There is a once-off initiation fee of R100 and a monthly service fee of R50.

How to Apply

To apply, start by gathering your original ID, latest payslip, and a three-month bank statement. Meet the minimum income criteria. The process can be done online, via the app, or at any Capitec branch. After submitting your application, Capitec will review your credit and affordability before final approval and credit limit allocation.

Pros of the Capitec Credit Card

The card’s biggest draw is 1% cash back on all purchases, making everyday spending a reward. There’s also free delivery nationwide. Up to 55 days interest-free on purchases, with interest calculated from prime, offers breathing space for settling balances. Furthermore, you’ll get free Capitec Connect data monthly, and positive balances earn interest. It’s also compatible with Apple Pay, Google Pay, and Samsung Pay.

Potential Drawbacks

While the initiation and monthly fees are modest, those with a lower credit profile may be offered higher interest rates. The minimum income requirement could also exclude some candidates. Another consideration is Capitec branches may have queues, slowing in-person applications.

Our Verdict

The Capitec Credit Card shines for its everyday value—especially the universal 1% cashback and transparent cost structure. For consistent spenders who settle their balance monthly, the benefits easily outweigh the fees. If you meet the credit and income criteria, it’s a compelling choice for South Africans seeking simple, rewarding credit.