Learn more about Capitec Bank Global One Mastercard Credit Card and know how you can apply!
The Capitec Bank Global One Credit Card offers one of the highest limits on cards in South Africa for people with a mid-range to low income. It is also great if you travel quite a lot. So if you’re looking for a cash back card with travel and credit insurance, a limit up to R500,000.00, and requires a minimum monthly income of R5,000.00, this could be your perfect choice!
It is a card that can be used both as credit and debit. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Capitec Bank’s Global One Mastercard Credit Card?
- Credit limit up to R500,000;
- 1% Cash back guaranteed on all your spend when you click, tap, swipe or scan to pay in store or online;
- Zero currency conversion fees;
- Free local swipes;
- Free credit card delivery to your door;
- Interest from prime;
- Up to 55 days interest-free period;
- Safe and secure online shopping with retailers;
- Free travel insurance up to R5 million;
- Help to build your credit record;
- Earn 3.50% interest per year on a positive balance;
- Credit insurance is available if you do not have your own;
- This card works in the debit and credit function.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| Benefits like 1% Cash Back, Travel Insurance and Credit Insurance |
No miles program or extra points |
| Limit up to R500,000.00 |
Monthly Fee of R50,00 + Initiation Fee of R100,00 |
| Low minimum income required (R5,000.00 if employed and R10,000.00 if self employed) |
No reward program
|
How do I apply for the Capitec Bank Global One Mastercard Credit Card?
To be eligible for this credit card, all you need is to have a South Africa ID, latest salary slip, 3-month bank statement, be over 18 and have a minimum salary of R5,000.00. Here’s how it works:
The bank provides an online application process, allowing prospective cardholders to apply conveniently from their preferred device. So, access their credit card website and click on the “See What You Could Get” option. During the application, you must complete the 3 steps, providing information on the credit you need and any personal and financial details as required.
Then the bank will conduct a creditworthiness assessment to evaluate your credit history, income stability, and repayment capacity. This assessment helps determine the likelihood of credit card approval. Keep in mind that, the approved credit limit will also depend on it.