Capitec Global One Account Short Questions

Hey guys,

I have a standard bank student acheiver account. This comes with a Debit MasterCard. However, this card does not work for online shopping. It doesnt have my name printed on it. I want to open the Capitec Global One Account which comes with a MasterCard it seems.

I am a student; So I would like to know does this card really work for online shopping? Their website says it does. How long does it take to apply for? How much is application fee, if there is any??

Also, for online purchases, would I have to pay an extra fee? On local sites and/or international sites?

Thanks.

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Originally Posted by okuhle94

Hey guys,

I have a standard bank student acheiver account. This comes with a Debit MasterCard. However, this card does not work for online shopping. It doesnt have my name printed on it. I want to open the Capitec Global One Account which comes with a MasterCard it seems.

I am a student; So I would like to know does this card really work for online shopping? Their website says it does. How long does it take to apply for? How much is application fee, if there is any??

Also, for online purchases, would I have to pay an extra fee? On local sites and/or international sites?

Thanks.

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Can't you just get a mastercard linked to that account? I have done that. Your transactions are still limited to 5 per month I think, there after you pay R20 extra per transaction, which sucks, but it's better than nothing.

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Originally Posted by FriedPet

Can't you just get a mastercard linked to that account? I have done that. Your transactions are still limited to 5 per month I think, there after you pay R20 extra per transaction, which sucks, but it's better than nothing.

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A mastercard, like someone who already owns a mastercard capable of online transactions? In that case, I can't :(

I see now both my cards are marked Mastercard. I've got This card

Just ask for a cheque card. Works online too & can def be linked to a student achiever.

That being said - the student achiever is kinda meh unless you really don't need to swipe at all.

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Originally Posted by HavocXphere

Just ask for a cheque card. Works online too & can def be linked to a student achiever.

That being said - the student achiever is kinda meh unless you really don't need to swipe at all.

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True story. Can't buy too many bundles in one month or you'll pay transaction fees...

http://3.bp.blogspot.com/-E4HiGZ3nS-...d-problems.jpg

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Originally Posted by okuhle94

Hey guys,

I have a standard bank student acheiver account. This comes with a Debit MasterCard. However, this card does not work for online shopping. It doesnt have my name printed on it. I want to open the Capitec Global One Account which comes with a MasterCard it seems.

I am a student; So I would like to know does this card really work for online shopping? Their website says it does. How long does it take to apply for? How much is application fee, if there is any??

Also, for online purchases, would I have to pay an extra fee? On local sites and/or international sites?

Thanks.

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Short Answer...
YES

I have bought from, Amazon.co.uk/com/jp/fr Steam, Origin, GMG, GoG, Takealot, Kalahari, iTunes and about 100+ other online stores - they all see it as a credit card. Be warned though - With steam rather purchase funds for your wallet than a game for some reason MC bills the account up to 3 days after the purchase instead of immediately. I do not know why they just do.

Only fee you will pay is for exchange rates but it is so miniscule you won't even notice it.

My bank fee's average about R20 a month flat. Sometimes more (R40 if I draw cash at the ATM or make a lot of small purchases in USD, GBP and JPY)

You register at the bank it takes 30 mins max to register and account get your card and what not, they give you a printout of what to do, register your card, make a purchase of R100 or more for the first transaction, then you are good to go. I have bought games on steam for 99c and never had any problems.

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TL;DR
It's a debit card that works like a credit card. No funds - No purchase, no budget facilities. Just straight.

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Originally Posted by HavocXphere

Just ask for a cheque card. Works online too & can def be linked to a student achiever.

That being said - the student achiever is kinda meh unless you really don't need to swipe at all.

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I know I may sound like a noob, but what is the difference between a cheque card and a debit card?

There is no high minimum income for it? It would be nice if this was the case. I checked the Blue Credit Card needs R3500 income per month :(

Ya it seems I will go for Capitec, I get charged R20 every month for my student achiever, I use more than 3 withdrawals a month.

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Originally Posted by okuhle94

I know I may sound like a noob, but what is the difference between a cheque card and a debit card?

There is no high minimum income for it? It would be nice if this was the case. I checked the Blue Credit Card needs R3500 income per month :(

Ya it seems I will go for Capitec, I get charged R20 every month for my student achiever, I use more than 3 withdrawals a month.

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You can use a cheque cards online like you would a credit card...except it goes straight off the account like a debit card. No minimum income, but they do a credit check (no idea why given that there is no credit involved).

NB if the transaction goes sideways then your in for a rough time. Chances of getting the cash back are slim. So I wouldn't process big amounts or use it with dubious online sites.

You can always use www.vcpay.co.za for online shopping.

You can EFT money into virtual cards that you can use. Cheaper than opening an account just for that feature.

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Originally Posted by HavocXphere

You can use a cheque cards online like you would a credit card...except it goes straight off the account like a debit card. No minimum income, but they do a credit check (no idea why given that there is no credit involved).

NB if the transaction goes sideways then your in for a rough time. Chances of getting the cash back are slim. So I wouldn't process big amounts or use it with dubious online sites.

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Is that specifically with Standard bank? If i'm making a purchase and something goes wrong I immediately get refunded, had steam crash on me, during payment processing and money went out then back in again (I'm with Capitec)

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Originally Posted by AlphaJohn

You can always use www.vcpay.co.za for online shopping.

You can EFT money into virtual cards that you can use. Cheaper than opening an account just for that feature.

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Doesn't work with shops that need AVS.

Okay, I changed my plans slightly. I did want to open the Capitec account, but transferring funds from my standard bank account to capitec would take time and doing it every month my money comes in really will be annoying.

I did walk into standard bank, told them my card doesn't work for online shopping, they told me they will make me a Cheque Card which will work for online shopping. They told me it will take 7 days, and that the card will be linked to my student achiever.

I think a credit check was done, they gave me this print out which shows my monthly income and my source of income on it.

So keen for it! :D

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Originally Posted by okuhle94

I think a credit check was done, they gave me this print out which shows my monthly income and my source of income on it.

So keen for it! :D

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Shouldn't have done a credit check on you, you aren't applying for credit.

The only downside is that now I am going to have to go downtown to collect my cheque card :( and I hate catching Taxi's :(

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Originally Posted by okuhle94

The only downside is that now I am going to have to go downtown to collect my cheque card :( and I hate catching Taxi's :(

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Why downtown? As in Goven'beki area? I thought they deliver the cards to the branch you apply at.

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Originally Posted by Glordit

Why downtown? As in Goven'beki area? I thought they deliver the cards to the branch you apply at.

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SB delivers cards to your home branch unless you request otherwise (well in advance).

As for the "branch you applied to" - doubt it. They're more likely to pick up that you're not dealing with your home branch & ask what you want to do.

Cards requested via phone go to home branch regardless.

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Originally Posted by Fivel

Shouldn't have done a credit check on you, you aren't applying for credit.

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I've thought about that a bit more since I initially posted that. I think the reasoning is that if you've got a facility linked to your card then its essentially a credit card.

Hell my current investec card is exactly that...a Visa credit card directly linked to the main bank account with an overdraft facility built in. So none of that nasty interest rate business. Best of both worlds. :D

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Originally Posted by HavocXphere

I've thought about that a bit more since I initially posted that. I think the reasoning is that if you've got a facility linked to your card then its essentially a credit card.

Hell my current investec card is exactly that...a Visa credit card directly linked to the main bank account with an overdraft facility built in. So none of that nasty interest rate business. Best of both worlds. :D

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But they would have run a credit check when you apply for the facility. I can't see the rationale for running a credit check on a card application. In any event it doesn't really matter, it was more of an interesting observation by the poster.

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Originally Posted by Fivel

But they would have run a credit check when you apply for the facility. I can't see the rationale for running a credit check on a card application. In any event it doesn't really matter, it was more of an interesting observation by the poster.

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Don't cheque cards come with an overdraft facility, hence the credit check?

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Originally Posted by Glordit

Why downtown? As in Goven'beki area? I thought they deliver the cards to the branch you apply at.

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I am not too sure about that, they told me to collect my card at the Rink Street branch. I am not too sure what my branch is, I opened this student account when standard bank was on campus.

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Originally Posted by okuhle94

I am not too sure about that, they told me to collect my card at the Rink Street branch. I am not too sure what my branch is, I opened this student account when standard bank was on campus.

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Thats Park Towers Arcade, it's next to Green Acres.

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Originally Posted by Glordit

Thats Park Towers Arcade, it's next to Green Acres.

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Yoh, thanks a lot!! You saved me the trouble of getting lost downtown! :)

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Originally Posted by Glordit

Don't cheque cards come with an overdraft facility, hence the credit check?

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No.

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Originally Posted by Fivel

But they would have run a credit check when you apply for the facility. I can't see the rationale for running a credit check on a card application. In any event it doesn't really matter,

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Well I already said it doesn't make much sense. That being said: A facility on an SA account allows for SA debit card purchases. The cheque card introduces an international angle. Maybe thats what triggers the second credit check. I doubt it costs the bank much so its probably just for good measure.

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Originally Posted by Fivel

it was more of an interesting observation by the poster.

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lol - you didn't follow the thread. He wouldn't have noticed had i not mentioned it before he applied for the card. Its buried in one of the bazzillion forms they ask you to sign.

Hey guys, I got my Cheque card! :), I am going through the little document that came with it, and it says I will be charged an annual card fee. How much is this fee? Do they charge it to students? (I have the Student Achiever Account).

Weird. I don't think I got charged anything. Was a while back though.

Remember to be careful with it...not much protection on it compared to a CC. I used mine only for steam.

Thanks for the information, I hope they will not charge me an annual fee :) Although, I wouldn't mind if it was really small like less than R20. I will definitely be careful with it. Will only use well-known online shops with it.

It also says that transactions of R200 or less may not require a pin, and that there is a fee for paying with it online to a website that uses other currency (currency conversion fee).

Just got mine last week. I've only loaded cash into the account so far but it's really quick to apply for and set up. I have an Absa student account which, when I was applying for they promised was able to be used online but apparently the security service they use (3D Secure) is only used on credit cards. So far I've only heard good things about it. still looking for something worth buying online.

The alternative is FNB but apparently their bank charges are a bit pricey but then again you get ALL the services

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Originally Posted by Snoek

Just got mine last week. I've only loaded cash into the account so far but it's really quick to apply for and set up. I have an Absa student account which, when I was applying for they promised was able to be used online but apparently the security service they use (3D Secure) is only used on credit cards. So far I've only heard good things about it. still looking for something worth buying online.

The alternative is FNB but apparently their bank charges are a bit pricey but then again you get ALL the services

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Does your bank card have your name(s) on it? My debit card doesn't have my name(s) on it and it doesn't work online anywhere.

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Originally Posted by okuhle94

Does your bank card have your name(s) on it? My debit card doesn't have my name(s) on it and it doesn't work online anywhere.

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Names is not the issue,
You need a Visa or Mastercard for online purchases. With Expiry dates and CVS number at the back.

I've used my Capitec card to purchase on eBay twice already and do other purchases like computicket.It's really cool and easy to do.

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Originally Posted by okuhle94

Does your bank card have your name(s) on it? My debit card doesn't have my name(s) on it and it doesn't work online anywhere.

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Capitecs new cards have card reader chips in it(for extra sercurity),your name and surname on the card as well as your bank account number.It looks very nice.

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Originally Posted by KofDelight

I've used my Capitec card to purchase on eBay twice already and do other purchases like computicket.It's really cool and easy to do.

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Capitecs new cards have card reader chips in it(for extra sercurity),your name and surname on the card as well as your bank account number.It looks very nice.

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Yoh that is so cool! My card just has Mr [initial] [surname], the expiry date, card number and CVC no :(

Gonna give my card a test drive today, going to order pizza online now.

YEAY!! It worked!! :D

I logged into Internet Banking, and it shows "OUTSTANDING CARD AUTHORIZATION DEBONAIRS" I assume that means the money will clear in a few days time?

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Originally Posted by okuhle94

Yoh that is so cool! My card just has Mr [initial] [surname], the expiry date, card number and CVC no :(

Gonna give my card a test drive today, going to order pizza online now.

YEAY!! It worked!! :D

I logged into Internet Banking, and it shows "OUTSTANDING CARD AUTHORIZATION DEBONAIRS" I assume that means the money will clear in a few days time?

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You have to wait at least 24hrs for your online services to activate.

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Originally Posted by okuhle94

Yoh that is so cool! My card just has Mr [initial] [surname], the expiry date, card number and CVC no :(

Gonna give my card a test drive today, going to order pizza online now.

YEAY!! It worked!! :D

I logged into Internet Banking, and it shows "OUTSTANDING CARD AUTHORIZATION DEBONAIRS" I assume that means the money will clear in a few days time?

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Lol. Just remember to limit your monthly transactions + swipes to 5 max, otherwise you'll pay R20 transaction fee.

IIRC the annual fee is R100.

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Originally Posted by FriedPet

Lol. Just remember to limit your monthly transactions + swipes to 5 max, otherwise you'll pay R20 transaction fee.

IIRC the annual fee is R100.

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Holy shit, R100 per year for a Cheque card! Yoh okay, I just hope when they deduct the R100 that my account is loaded with dough :) Yoh I will try keep it down to 5 transactions....its really hard coz every month I always lose R20 for transactions :(

My monthly bank charges are between R12 and R14.

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Originally Posted by KofDelight

My monthly bank charges are between R12 and R14.

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Capitec Bank I assume?

Hayi paying R20 per month + the R100 yearly fee is pricey (R340 per year).

Hayi I think I will have to sit down one day and have a look at all the major bank's offerings and Capitec, see which one suits me best.

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Originally Posted by okuhle94

Capitec Bank I assume?

Hayi paying R20 per month + the R100 yearly fee is pricey (R340 per year).

Hayi I think I will have to sit down one day and have a look at all the major bank's offerings and Capitec, see which one suits me best.

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Yes I'm with Capitec,used to be with FNB but they were screwing me with bank charges,stuff I wasn't even using.

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Originally Posted by Glordit

... Be warned though - With steam rather purchase funds for your wallet than a game for some reason MC bills the account up to 3 days after the purchase instead of immediately. I do not know why they just do...

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What problems does this cause? Not getting the game in your account until they bill you or something?