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Capitec Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Capitec Bank suits South African earners who want a single easy-access account for everyday spending with a no annual fee credit card alongside. Cashback of 0.5% adds a small reward, a fair credit history is enough to be approved, and the debit card runs on mastercard.

Key facts

Best for
Everyday spending on a debit card alongside a credit card with no annual fee.
Monthly fee
ZAR 7.50↗
Currency conversion fee
0%↗
Free ATM withdrawals
ZAR 0↗
Card type
Debit↗
Card network
Mastercard↗
Legal entity
Capitec Bank Limited↗
Headquarters
South Africa↗
Founded
2001↗
Support channels
Phone, Email, Chat, Help-centre↗
Features
Travel
Official website
capitecbank.co.za

Credit cards

Annual fee
ZAR 0↗
APR
9.75%↗
Rewards type
Cashback↗
Rewards rate
0.5% cashback on qualifying purchases (5+ transactions monthly)↗
Credit needed
Fair↗
Perks
Travel insurance, Tap-to-pay, Virtual cards, Temporary card freeze, Contactless payments↗
Cashback rate
0.5%↗
Card kind
Credit↗
Pricing model
No annual fee

Loans

Lender type
Direct lender↗

Savings

Account kind
Easy access↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • The credit card has no annual fee: ZAR 0.
  • Extras on the card include travel insurance, tap to pay and virtual cards.
  • Support runs through phone, email and chat, covering most ways a reader might want to ask a question.
  • A fair credit history is enough for the card, fair, a lower bar than lenders asking for strong credit.

Cons

  • The transaction account charges ZAR 7.50 a month, and Capitec Bank ranks 337 of 422 on monthly fee.
  • The free ATM allowance is ZAR 0, so cash machine withdrawals are charged, and the brand ranks 44 of 124 on that measure.
  • Interest on a carried balance runs at 9.75%, so the card only pays off if the balance is cleared each month.
Capitec Bank

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Scored 9.1 / 10 by SumCue.

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Who it suits

  • South African salaried earners who want everyday spending and a credit card under a single bank.
  • People who want card controls such as a temporary card freeze and virtual cards for online shopping.
  • Readers who want a no annual fee credit card and can live without free ATM withdrawals.

Who should look elsewhere

  • Anyone who wants no monthly account charge, since Wise's monthly fee is £0.
  • Euro customers who want a fee free everyday account, as bunq's monthly fee is €0.
  • Readers after a secured credit card with no monthly charge, as Varo Believe Secured Credit Card's monthly fee is $0.

Who runs it

The bank trades as Capitec Bank Limited, is headquartered in South Africa and was founded in 2001. Customers reach it through phone, email and chat, so phone, email, chat and a help centre all sit inside the same service. It is a bank rather than a comparison site, and a single legal name sits behind both the everyday account and the credit card.

How Capitec Bank compares

Where Capitec Bank is available

Available
South Africa

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Capitec Bank transaction account cost each month?+

The easy-access transaction account charges a monthly fee of ZAR 7.50. That sits higher than several rivals: bunq charges €0, Wise £0 and Varo Believe Secured Credit Card $0 a month. People who only need a single card for local spending may still accept it, but the fee is the first thing to weigh.

Is the Capitec Bank credit card free to keep?+

Yes. The credit card runs on a no annual fee model, with an annual fee of ZAR 0, and it pays a cashback reward of 0.5%. Interest is charged at 9.75%, so carrying a balance costs more than the cashback returns.

How much cashback does the Capitec Bank card give?+

Cashback of 0.5% applies to qualifying purchases, but the scheme only starts paying once a set number of card transactions are made in a month. The scheme therefore favours frequent everyday use rather than a single large purchase. Readers who run most of their bills through the card earn more than those who use it for a holiday now and then.

Does spending abroad with a Capitec Bank card cost extra?+

The currency conversion fee is 0%, so there is no separate conversion charge on foreign spend. Capitec Bank is a ZA bank, so most card use will be local rather than abroad, and travel insurance, virtual cards and a temporary card freeze sit among travel insurance, tap to pay and virtual cards.

Can I take out free cash with a Capitec Bank card?+

No. The free ATM allowance is ZAR 0, so cash machine withdrawals are charged, and Capitec Bank ranks 44 of 124 on that measure. Card-only spending, with tap to pay and contactless payments, is the cheaper way to use the account day to day.

How do I contact Capitec Bank?+

Support runs through phone, email and chat, covering phone, email, chat and a help centre. That mix suits people who would rather check the help centre first and pick up the phone when a question needs a person. The channel list is short, so it helps to know which route fits before you start.

Is Capitec Bank cheaper than Wise or bunq on the monthly fee?+

No. The Capitec Bank transaction account charges ZAR 7.50 a month, while Wise charges £0 and bunq charges €0. Capitec's card side is the cheaper part of the offer, because the credit card has no annual fee at ZAR 0 and pays a cashback rate of 0.5%.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

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