How to Apply for your Capitec Global One Credit Card
The Capitec Global One Credit Card allows you to access your money and transact worldwide using a single credit card. You can use it for online shopping, contactless payments, branch transactions, and ATMs. The card offers zero transaction purchase fees and includes a free virtual card for secure online and scan-to-pay transactions.
The Global One card is designed for convenience, allowing users to manage their finances seamlessly across various platforms. Whether shopping online, making contactless payments, or withdrawing cash from ATMs, the card ensures ease of use and security.
Benefits of the Capitec Global One Credit Card
Capitec Global One Credit Card offers various features to improve cardholders’ lives, including international travel insurance up to R5 million. This insurance covers unexpected medical expenses while traveling abroad. Cardholders under 75 who purchase and pay in total for a flight ticket using their credit card are eligible for complimentary standard travel insurance. See below the other main benefits:
- Comprehensive Travel Benefits: The card offers free travel insurance coverage, providing peace of mind during international travels. Additionally, there are no fees for currency conversion, making it ideal for global transactions.
- Interest-free days: with this card you can enjoy up to 55 days interest-free, offering more flexibility to make purchases.
- Credit limit: also, you can get a significant credit limit of R500 000, which allows you to make large purchases and plan for future trips, home renovation, and more.
- Cash Back Rewards: Cardholders can earn 1% cash back on all eligible purchases. This is a guaranteed cash back on all in-store or online purchases.
- Secure Online Shopping: Capitec partners with retailers to ensure safe and secure online shopping experiences. This added layer of security helps protect your financial information while making online transactions.
- Financial Management Tools: Capitec’s mobile app provides comprehensive financial management tools. This app allows you to monitor your spending, manage your card, and access various features, giving you complete control over your finances at your fingertips.
- Positive Credit Building: Using the Capitec Global One Credit Card responsibly helps build a favorable credit record. This benefits your financial profile, potentially leading to better future interest rates and loan approvals.
Capitec Global One Credit Card Fees and Interest Rates
- Initiation Fee: R100
- Monthly Fee: R50
- Interest Rate: 11.75% – 22.25%, based on your creditworthiness
About Capitec Bank
Capitec Bank offers simplified banking solutions tailored to both personal and business needs. Their services include transactional accounts, savings plans, and personalized credit options. They provide innovative tools such as a mobile app for easy account management and savings calculators to help customers make informed financial decisions.
Capitec emphasizes transparency, affordability, and customer-centric banking, ensuring low fees and high accessibility. Their offerings include insurance and a unique cash-back rewards program, supporting comprehensive financial management.
Step-by-Step Guide to Apply for the Card
To apply for the Capitec Global One Credit Card, you need to fulfill a few key documents and requirements:
- Original ID Document: You must be 18 years or older and provide a valid original ID document as proof of your identity.
- Latest Salary Slip: Submit your most recent salary slip to demonstrate your income level and affordability.
- 3-Month Bank Statement: Provide a comprehensive bank statement covering the past three months. This helps Capitec assess your financial stability and transaction history.
In addition to the documentation, meeting the minimum income requirements is essential:
- Employed Individuals: The minimum monthly salary requirement is R5,000.
- Self-Employed Clients: The minimum monthly income requirement is R10,000.
To go forward with your application, follow the steps below:
- Go to the Capitec Global One Credit Card website
- Review your eligibility for this card
- If you meet all criteria, start your application by pressing the “Apply Now” button at the top of the page
- Provide your personal and financial information, and fill out the application form
- Review the information provided before submitting. If everything is ok, continue the process.
- Submit the application form, and Capitec Bank will evaluate your credit card request.
- If you’re approved, the Capitec Bank will send you an approval email and deliver your new card to the address provided.
Capitec Global One Credit Card Enhanced Security Features
Capitec Bank prioritises the security of its customers’ funds and personal information by implementing robust security measures. Here is an overview of the enhanced security features Capitec offers to ensure a safe online banking experience:
- Secure Design and Daily Vulnerability Assessments: Capitec has designed a secure online banking portal and conducts daily vulnerability assessments to identify and promptly address potential security risks.
- Two-Factor Authentication: Capitec employs two-factor authentication to enhance security, allowing users to choose between a cellphone app or a token on a keyring. This requires a second form of verification in addition to the username and password, ensuring only authorized users can access the account.
- Username and Password: The account number serves as the username for identification purposes. A robust and unique password of 6 to 18 characters, including letters and numbers, is required. Capitec advises changing the password frequently and never sharing it with anyone.
- Remote PIN: When registering for Capitec’s cellphone banking app, users receive a 5-—to 6-digit Remote PIN for signing in and authorizing transactions. It is crucial to keep this PIN confidential.
- Token Password: If a token is used on a keyring, it generates unique passwords for authentication during online banking sessions. These one-time passwords provide increased security and are invalid after use.
- Confirmation Messages: Users who activate the banking app on their cell phones receive detailed confirmation messages to approve online banking sessions and transactions. If confirmation messages are not received, the app can generate token passwords as an alternative.
The Capitec Global One Credit Card offers comprehensive benefits, from high credit limits and cash-back rewards to international travel insurance and secure online shopping. Its competitive interest rates and fee-free transactions make it attractive for those seeking a versatile and rewarding financial product.