Pros and Cons of the Capitec Global One Credit Card

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There are endless advantages linked to having a credit card. Convenience tops the list, as you can easily pay for items in the moment that you intend to pay off with your credit card plan.

If you are after a longer interest-free period and no currency conversion fees, the Capitec Global One Credit Card is a good choice. It offers personalized interest and an assumed credit limit of R250,000.

Want to know more? Read on and find out the requirements, features, and benefits of having this credit card.

Capitec Global One Credit Card Features

Capitec Bank stays true to its promise of fast, simple, and affordable credit because its very own Capitec Global One Credit Card boasts of essential features.

The card can be used for contactless payments for a shop ‘n’ go lifestyle. Simply tap the card to the terminal to pay with ease in supermarkets, malls, restaurants, and more.

Online transactions are also secure because of the card’s multiple layers of security. In addition, because this credit card is powered by Mastercard, cardholder’s can access a myriad of merchant discounts all over the world.

Capitec Global One Credit Card APR, Interest Rate & Fees

  • Monthly Fee – R35
  • Joining Fee – R100
  • Interest rate – 10% to 20.50% variable
  • Balance Transfer – R0
  • Foreign Transaction Fee – R0

Capitec Global One Credit Card Pros

The highlight of this card is the zero-fee balance transfer feature. If you want to get away from towering interest on balances from another card, then you can transfer these to the Capitec Global One Credit Card.

Another reason to get this credit card is the longer interest-free period of 55 days. You will not be charged with any extra interest within this period. In addition, this credit card also doesn’t charge any foreign transaction fees, meaning you can shop at ease overseas without taking the penalties for using your card.

Capitec Global One Credit Card Cons

The major weakness of the Capitec Global One Credit Card is higher APR for individuals with a poor credit rating. Expect to pay higher if your score is below 300. You will also have a higher monthly fee of R69 if you can’t manage to pay off your balance.

Capitec Global One Credit Card Eligibility

To qualify for the Capitec Global One Credit Card, you need to be at least 18 years old, employed, and earning a minimum of R3,000. Interested applicants also need to provide proof of salary and identification, providing that you are 18 years old.

Capitec Global One Credit Card Application Process

To apply, you need to visit the nearest Capitec Bank in your area. You will be asked to fill out a form and make sure to bring supporting documents like the latest payslip, passport, and proof of billing that indicates your address.

To ensure that you have higher chances of getting approved, you can make use of the online credit tools like Credit Calculator and Online Credit Estimate found on the Capitec website.

Capitec Global One Credit Card Limit

The credit limit of this credit card is up to R250,000 or more. Note that the bank will be assessing your profile and will assign a limit that will be manageable for you.

Capitec Global One Credit Card Head Office Address and Contact Information

Get in touch with Capitec Bank by calling their client care hotline at +27 21 941 1377 or by visiting their head office at Technopark, Stellenbosch, South Africa.

What Next?

Shop with convenience and affordability with the Capitec Global One Credit Card. This is best suited for individuals who are frequent travelers and those who want to transfer their balances from another card. Visit the website of Capitec Bank to learn more about this card.

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.