So I went to Capitec

[backstreetboy]

Is this on the normal card or the credit card?

Same difference?

 

[Swa]

Same difference?

Huh?

 

[supersunbird]

Is this on the normal card or the credit card?

The "credit card" can act as both. If you insert it into a POS, you must select credit or savings. However if you tap the credit card is goes off credit.

 

[Swa]

The "credit card" can act as both. If you insert it into a POS, you must select credit or savings. However if you tap the credit card is goes off credit.

I know that. But the credit card account and savings account aren't the same thing.

 

[cr@zydude]

For the guys with Capitec credit cards, what are you paying in insurance and how is it calculated? I settle my credit card in full each month, but am interested to know this cost before switching to Capitec.

 

[backstreetboy]

For the guys with Capitec credit cards, what are you paying in insurance and how is it calculated? I settle my credit card in full each month, but am interested to know this cost before switching to Capitec.

Nothing. Just pop a mail to [email protected] and ask them to cancel the policy.

 

[cr@zydude]

Nothing. Just pop a mail to [email protected] and ask them to cancel the policy.

I saw your post back on page 72, but others said that it wasn't possible to cancel. Capitec is cheaper than Absa if there's no insurance, but if there is an insurance cost, I'll go with Absa.

 

[chrisc]

Had a Capitec acc since 2010 and, apart from the first visit, have never been asked for FICA stuff.

Have 4 accounts, two have less than R10 in them but are still active

Compared to Nedbank which I used from 1979 to 2009, Capitec‘s fees are 90% less. No complaints whatsoever

 

[Swa]

I saw your post back on page 72, but others said that it wasn't possible to cancel. Capitec is cheaper than Absa if there's no insurance, but if there is an insurance cost, I'll go with Absa.

As I understand it it is but you need to provide your own insurance details.

 

[backstreetboy]

I saw your post back on page 72, but others said that it wasn't possible to cancel. Capitec is cheaper than Absa if there's no insurance, but if there is an insurance cost, I'll go with Absa.

Well I just pay the R40 monthly fee and nothing else. Will have to go buy some lotto tickets tomorrow lol.

As I understand it it is but you need to provide your own insurance details.

No need to...

Good day
Kindly be advised that the Credit Insurance on your credit card is optional and not mandatory. Should you wish to cancel the insurance without replacement, kindly advise.
Kind regards

 

[Swa]

Well I just pay the R40 monthly fee and nothing else. Will have to go buy some lotto tickets tomorrow lol.


No need to...

Hmm... then you're liable yourself?

 

[backstreetboy]

Hmm... then you're liable yourself?

Just settle it monthly and Bob's your uncle.

 

[Swa]

Just settle it monthly and Bob's your uncle.

What's the insurance for exactly?

 

[cr@zydude]

What's the insurance for exactly?

Incase you lose your job or can't pay for some reason. I don't want it as I settle the balance in full each month.

 

[Swa]

Incase you lose your job or can't pay for some reason. I don't want it as I settle the balance in full each month.

Oh, thought it was also for things like stolen card details and such.

 

[backstreetboy]

New fees are out https://www.capitecbank.co.za/global-one/transact/fees/. Immediate payments dropping to R7.50 but R3 flat fee for international transactions. Money making rip off.

 

[cr@zydude]

New fees are out https://www.capitecbank.co.za/global-one/transact/fees/. Immediate payments dropping to R7.50 but R3 flat fee for international transactions. Money making rip off.

I think that they're dropping Capitec ATM withdrawl fees (R7.50/R1 000 down from R8) but raising withdrawals at other ATMs (R9.75/R 1000 up from R9).

 

[Dean01]

Any idea when are they supporting digital wallets like Samsung pay?

 

[akescpt]

Can one turn off sms notifications? Seems expensive.

 

[Soul Assassin]

Can one turn off sms notifications? Seems expensive.

In the app you can choose SMS updates or push notifications.