Having a credit card nowadays is a common way to keep a credit line open with your bank. Having the possibility of taking some amount of credit with the bank up to your monthly limit can be handy to keep on top of your financial planning.
Using a credit card can be a means of getting and keeping a good credit score, so long as you pay the credit card bill on time every month. It can also be the way to get out of an emergency that requires unforeseen expenses. These are some reasons why it can be interesting to you to know how to get your own credit card from your bank.
In this article we will tell you more about how to apply for a credit card at some of the biggest banking and credit institutions in South Africa, such as Capitec Bank, Standard Bank and more.
Keep reading our article and find out information about how to make a credit card application!
Apply For A Credit Card At Capitec Bank
There are four ways to apply for a credit card at Capitec. The first and most usual one is to do it directly at one of their branches with your documentation at hand. You must bring:
- An original South African Identification document;
- A bank statement for the last 3 months;
- Your latest salary slip or proof of income.
There are also options if you want to make your application at home: you can do so from the online application page on the bank’s website, or you can download the Capitec app and apply directly on it. Both options require that you are registered for internet banking.
The fourth way to apply for a credit card is to call the Capitec customer service at 0860 66 77 89.
Whatever way to apply you choose, you must be able to prove you are over 18 years old and reach the minimum salary requisite of R5,000, or R10,000 if you are self-employed.
Apply For A Credit Card At African Bank
You can apply for a digital credit card at African Bank via the bank’s online application page. To do so, you need to be registered for internet banking, since you will need to log into your account. You will also need to produce the following documents:
An original South African Identification document;
Your African Bank bank statements for the last 3 months;
Your most recent proof of income or salary slip.
You must be able to prove you are 18 years old or older to apply for a credit card at African Bank.
How To Apply For A Credit Card At Standard Bank
You can apply for a credit card at Standard Bank by logging in to your internet banking profile and completing your online application. But first you should choose which of the many cards offered by Standard Bank suits your needs best.
The documents necessary for your application are:
- An original South African identification document or passport if you are not a South African citizen;
- A proof of residence that must not be older than 3 months;
- A proof of income or salary slip that shows you earn at least R7,500 per month;
- Bank statements for the last 3 months.
You can also fill in a Call Me Back form and a bank worker will call you on the number you registered on your Standard Bank account to help you make your application.
Now that you have learned about how to make a credit card application in South Africa, keep reading our blog and be up to date with many more useful practical life tips!
Frequently Asked Questions
How Will I Know If I Qualify For A Credit Card?
The first requisite for qualifying for a credit card is a good credit score, which you can check on financial institutions. You also need to meet certain criteria which may be specific to each bank. All of them, for example, require that you are not a minor, but each bank has their own rules. You can talk to your bank manager to see if you qualify.
What is the minimum credit score for a credit card in South Africa?
Usually the minimum credit score required to apply for credit cards in South Africa is 550 or above. Most banks won’t approve a credit card application if your credit score is lower than that, so it is important to always check how your score is going when you wish to get a new credit card.
Is It Better To Apply For A Credit Card In Person Or Online?
That depends on how comfortable you are with technology. If you are tech savvy, it will be easier to apply online so you can avoid having to go to a bank branch and facing time in queues. However, if you aren’t completely comfortable with applying online, it may be safer for you to go and request help for applying at your bank’s nearest branch.