Capitec Bank review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Capitec Bank suits South African spenders who want everyday spending and borrowing from the same bank, not the lowest monthly cost. Its credit card has an annual fee of ZAR 0 and an APR of 9.75%, while the debit side carries a monthly fee of ZAR 7.50.
Key facts
- Best for
- Everyday spending and a low rate credit card from the same South African bank.
- Monthly fee
- ZAR 7.50 (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Free ATM withdrawals
- ZAR 0 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Card network
- Mastercard (Source, checked September 26, 2026)
- Legal entity
- Capitec Bank Limited (Source, checked September 26, 2026)
- Headquarters
- South Africa (Source, checked September 26, 2026)
- Founded
- 2001 (Source, checked September 26, 2026)
- Support channels
- Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
- Features
- Travel
- Official website
- capitecbank.co.za
Credit cards
- Annual fee
- ZAR 0 (Source, checked September 26, 2026)
- APR
- 9.75% (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Rewards type
- Cashback (Source, checked September 26, 2026)
- Rewards rate
- 0.5% cashback on qualifying purchases (5+ transactions monthly) (Source, checked September 26, 2026)
- Credit needed
- Fair (Source, checked September 26, 2026)
- Perks
- Travel insurance, Tap-to-pay, Virtual cards, Temporary card freeze, Contactless payments (Source, checked September 26, 2026)
- Cashback rate
- 0.5% (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Capitec Bank Limited (Source, checked September 26, 2026)
- Headquarters
- South Africa (Source, checked September 26, 2026)
- Founded
- 2001 (Source, checked September 26, 2026)
- Support channels
- Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Travel
Pros and cons
Pros
- Currency conversion costs 0%, so spending in another currency adds no fee on top of the rate.
- Cashback of 0.5% on qualifying purchases, once a set number of transactions go through each month.
- Perks run to travel insurance, tap to pay and virtual cards, covering both everyday payments and travel.
Cons
- The debit account charges ZAR 7.50 a month, where the site median is €0.
- Free ATM withdrawals are set at ZAR 0, so cash machine use is not covered.
- Cashback of 0.5% applies only once a set number of transactions go through each month.
Who it suits
- South African residents who want debit spending and a credit card from the same bank, run by Capitec Bank Limited.
- People who pay in other currencies, since the conversion fee is 0%.
- Cardholders who want travel cover, with travel insurance among travel insurance, tap to pay and virtual cards.
Who should look elsewhere
- Readers who want no monthly account charge: Wise charges £0.
- Borrowers who want a secured card rather than a debit card: Varo Believe Secured Credit Card charges $0.
- Shoppers who want a Visa network: Chime Card charges $0, where this card runs on mastercard.
How Capitec Bank compares
9.1 vs 9.4
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.2
9.1 vs 8.8
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 9.0
9.1 vs 8.8
9.1 vs 8.8
9.1 vs 8.7
9.1 vs 9.2
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.8
9.1 vs 9.6
Capitec Bank vs Current Build Card9.1 vs 9.4
9.1 vs 9.4
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 9.1
9.1 vs 8.8
9.1 vs 8.8- 9.1 vs 8.8
- 9.1 vs 8.8
9.1 vs 8.8- 9.1 vs 8.8
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.5
9.1 vs 8.3
9.1 vs 8.2
9.1 vs 8.0
9.1 vs 8.0
Where Capitec Bank is available
- Available
- South Africa
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the Capitec Bank debit account cost each month?+
The debit side charges a monthly fee of ZAR 7.50. That sits above the site median of €0, so the account is not the cheapest place to hold everyday spending money. The credit card is a separate product, billed on its own terms.
What does the Capitec Bank credit card charge in fees and interest?+
The credit card has an annual fee of ZAR 0 and an APR of 9.75%, and it runs on the no annual fee model. The debit account is a separate product billed at ZAR 7.50 a month, so opening both means paying both.
What rewards does the Capitec Bank card pay?+
Rewards are paid as cashback, at a rate of 0.5% on qualifying purchases. The reward does not apply to every transaction: it needs a set number of purchases through the card each month, so a month with little card use can earn nothing.
What does it cost to spend in another currency?+
The currency conversion fee is 0%, so a foreign purchase carries nothing beyond the rate you are given. Travel is the use the card is listed for, and the card extras sit in travel insurance, tap to pay and virtual cards, which covers travel insurance and virtual cards.
Are ATM withdrawals free on Capitec Bank?+
Free ATM withdrawals are set at ZAR 0, so cash machine use is not included. On the brands compared here, that places it 41 of 115 on this measure, so readers who take out cash regularly have cheaper ground to cover.
What kind of card is this and what network does it use?+
The card is filed as a debit card and the network is mastercard. The same brand also offers a credit card, so what ends up in your hand depends on which product you open. Both products sit under Capitec Bank Limited, founded in 2001.
Who can get the Capitec Bank credit card?+
The credit card asks for fair credit, a mid-range requirement, and only 2.9% of the cards on the site sit at that level. The bank is headquartered in South Africa, so applications run through its South African operation.
What card security and support do you get?+
Card controls sit in the travel insurance, tap to pay and virtual cards list, including a temporary card freeze and virtual cards for online shopping. Support is available on phone, email and chat, so the bank can be reached by phone, email, chat or through its help centre.
Can Capitec Bank accounts be opened outside South Africa?+
The bank is headquartered in South Africa and its legal entity is Capitec Bank Limited. It is a single market product, so readers in other countries are better served by a provider that lists their market and currency.
Sources
- en.wikipedia.org/wiki/Capitec_Bank checked September 26, 2026
Backs: Founded, Headquarters
“Capitec Bank was founded in 2001”
- finanso.co.za/credit-cards/capitecbank checked September 26, 2026
Backs: Annual fee, APR, Cashback rate, Credit needed, Currency conversion fee, Pricing model, Perks, Rewards rate, Rewards type
“No annual card fee”
- senspdf.jse.co.za/documents/SENS_20260429_S520444.pdf checked September 26, 2026
Backs: Legal entity
“Capitec Bank Limited Registration number 1980/003695/06”
- capitecbank.co.za/contact-us checked September 26, 2026
Backs: Support channels
“Phone 0860 10 20 43, WhatsApp, Email ClientCare@capitecbank.co.za, live chat”
- capitecbank.co.za/globalassets/pages/documents-library/tr... checked September 26, 2026
Backs: Free ATM withdrawals, Card network
“Global One: All ATMs (any South African bank) - 10.00 per 1 000.00”
- capitecbank.co.za/personal/credit/credit-card checked September 26, 2026
Backs: Card kind
“credit card”
- quickread.co.za/everything-you-need-to-know-about-capitec... checked September 26, 2026
Backs: Features
“supports international card use through Mastercard”
- rateweb.co.za/reviews/capitec-bank-global-one-account-review checked September 26, 2026
Backs: Card type, Monthly fee
“Capitec Global One Account - debit card”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.
Capitec Bank
Everyday spending and a low rate credit card from the same South African bank.