What is the Capitec Bank Global One Credit Card?
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.
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If you’re looking for a cash back credit 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!
How does Capitec Bank’s Global One Credit Card work?
When the card holder purchases things with it, they receive 1% guaranteed cash back. And if they meet their monthly banking goals, they can get an additional 0.5% cash back.
You can also earn 3,5% interest annually on a positive balance and when you travel you get a free insurance of up to R5 million.
In order to be eligible, all you need is to have a South Africa ID, be over 18 and have a minimal monthly income of R5,000.00.
Why could Capitec Bank’s Global One Credit Card be the best choice for you?
- 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.
Expert Analysis
See below the main advantages and disadvantages of this credit card!
Strengths
- Benefits: Cash back, Travel Insurance and Credit Insurance;
- Coverage: Internacional (with no currency conversion fees);
- Low minimum income: R5,000.00;
- Limit: Up to R500,000.00;
- Cashback: 1% guaranteed.
Weaknesses
- Reward Program: No;
- Mileage program: No miles program or extra points;
- Monthly Fee: R50,00;
- Initiation Fee: R100,00.