All You Need to Know About the Capitec Credit Card
With over 7.3 million clients nationwide, Capitec Bank has established itself as a trusted and reliable banking institution. Established in 2001, the bank offers a number of products and services including transacting, saving and investing solutions.
Tell me more about Capitec Credit?
A personal loan amount of up to R250 000 is offered over 84 months. The loan is based on your affordability and credit profile.
The Capitec Credit Facility offers a loan amount of R5000, which is ideal for meeting daily need, emergencies or unplanned expenses.
What are the qualifying criteria?
- Be at least 18 years old
- Be employed for more than 2 months with your current employer
- Earn a salary that is paid into your bank account
- Provide a recent bank statement
- Not be under debt review
Having a credit card can be useful especially in cases of emergency. Credit cards can be a convenient way of transacting and can offer effective payment methods without the need to carry large sums of money around.
Capitec Bank currently doesn’t offer credit cards, but through the Global One Card, Capitec provides a competitive credit facility.
This Global One Card gives you the power of a credit card even if you don’t have one.
To activate the credit card service, you simply need to ask for the service at your nearest Capitec branch, where you’ll receive a print-out with instructions.
After you have followed the instructions, you’ll need to wait 24 hours to be able to activate it. You’ll receive a PIN, after which you can activate the Credit Card and start enjoying the benefits of online shopping. The Global One Card from Capitec allows you to make instant online purchases by giving you the option to link it to PayPal.
Visit www.capitecbank.co.za
