Capitec Global Credit Card: Check everything you need to know

04/13/2025 • Bruno Anderson • Financial Education

The Capitec Global Credit Card, widely known as the Global One credit card offered by Capitec Bank, is tailored for the modern traveler.

It provides an array of benefits that include zero currency conversion fees, worldwide cashless payment capabilities, and free travel insurance.

Notably, the Capitec Global Credit Card is also accessible to individuals who may have a negatively impacted credit status, making it an inclusive option for many.

No currency conversion fees.
Free travel insurance.
Cash-back rewards program.
Global cashless payments.
Travel and leisure rewards.

With these features, the Capitec Global Credit Card positions itself as a comprehensive solution for those looking to enjoy seamless transactions and significant savings during international travel.

Benefits of the Capitec Global Credit Card

The Capitec Global Credit Card is packed with various advantages that cater to both everyday and travel-specific needs.

Here’s a breakdown of what you can expect:

No Currency Conversion Fees

Say goodbye to extra charges on your overseas transactions. This feature alone can save frequent travelers a substantial amount.

Free Travel Insurance Coverage

Enjoy up to R5 million in travel insurance, which includes coverage for unexpected events during your international trips.

Cash-back Rewards Program

Earn up to 1.5% cash back on selected transactions via the Capitec Live Better app, which rewards active users who frequently transact using their card.

Global Cashless Payments

Benefit from secure and effortless cashless payments worldwide without incurring additional foreign purchase fees.

Rewards for Travel and Leisure

Accumulate rewards as you indulge in travel and leisure activities, allowing you to save while you explore.

Who Should Consider the Capitec Global Credit Card?

While the Capitec Global Credit Card offers general advantages for all users, it is especially beneficial for:

Frequent travelers who want to avoid currency conversion fees.
Individuals seeking travel insurance offerings included with their credit card.
Those interested in earning cash-back rewards through everyday spending.
People who enjoy using mobile banking apps for receiving financial incentives.
Customers with negatively impacted credit who require a more accessible credit option.

The card is particularly ideal for individuals who often find themselves traveling, whether for business or leisure, and want to maximize savings and rewards.

Pros and Cons of the Capitec Global Credit Card

Every financial product comes with its advantages and possible drawbacks.

Here’s an overview of the pros and cons associated with the Capitec Global Credit Card:

Pros

No Currency Conversion Fees
A standout feature that ensures you dont pay extra on foreign purchases.
Free Travel Insurance
Travel with peace of mind knowing that you are covered up to R5 million.
Competitive Cash-back Rewards
Engage with the Capitec Live Better app and earn substantial cash back on eligible transactions.
Supports Global Transactions
Enjoy seamless transactions both online and offline, making this card ideal for international use.
Additional Travel Benefits
The card offers travel and leisure-related rewards, adding value for frequent holiday goers.

Pros

Limited Information on Some Fees
Detailed insights into all applicable fees might not be readily available, requiring due diligence from users.
Requires Meeting Transaction Targets
To fully benefit from cashback rewards, users must hit minimum transaction thresholds monthly.
App Registration Necessary
The cash-back program is contingent upon app registration and active participation, which could be a barrier for some.
Potential General Credit Card Risks
Typical risks such as interest rates and late fees apply, and these should be carefully managed by users.

Why Moneylova Recommends the Capitec Global Credit Card

Having explored the various aspects of the Capitec Global Credit Card, it becomes apparent why this product stands out in the realm of international credit options.

Here are a few reasons why the Moneylova team recommends this credit card:

It offers robust travel-related benefits such as zero forex fees and complimentary travel insurance.
The comprehensive cash-back program allows consumers to earn back on everyday spending, reinforcing financial flexibility.
Its inclusivity extends to those with negatively impacted credit ratings, allowing broader access to financial tools through Capitec’s supportive lending practices.

How to Apply for the Capitec Global Credit Card

Applying for the Capitec Global Credit Card is a straightforward process.

Capitec provides several convenient channels for potential customers to get started.

Access to the bank website

Visit the Capitec official website to learn more and apply online.
Download the Capitec Live Better mobile app for an in-app application process.
Contact Capitec customer support via telephone or visit local branches for direct assistance.

Frequently Asked Questions about the Capitec Global Credit Card

Is there a fee for currency conversion on international purchases?

No, Capitec Global Credit Card users pay zero currency conversion fees when making purchases abroad.

Does the card provide travel insurance?

Yes, free travel insurance up to R5 million is included with the card.

How can I earn cashback rewards?

By completing at least five qualifying transactions per month through the Live Better app and using the card for payments, customers earn cashback on their expenditure.

Can I use the card for online shopping?

Yes, online shopping using the Capitec Global Credit Card does not incur additional transaction fees.

Is this card suitable for international travelers?

Yes, the card is specifically designed to benefit those who travel abroad, with no forex fees and travel insurance.

Final Thoughts on the Capitec Global Credit Card

In summary, the Capitec Global Credit Card offers a compelling package for individuals who value substantial travel benefits, rewards programs, and inclusivity, even for those facing credit challenges.

Whether you are a frequent flyer or someone looking to optimize your spending, this card provides the appropriate tools.

At Moneylova, we prioritize recommending solutions like the Capitec Global Credit Card that deliver outstanding value and accessibility for diverse financial needs.