Capitec Global One Account Short Questions

okuhle94

okuhle94

New member
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.
 
okuhle94 said:
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.
 
FriedPet said:
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 :(
 
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.
 
HavocXphere said:
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...

first-world-problems.jpg
 
okuhle94 said:
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.
Click to expand...

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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HavocXphere said:
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.
 
okuhle94 said:
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.
 
HavocXphere said:
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)
 
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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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 :(
 
Glordit said:
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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Fivel said:
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
 
HavocXphere said:
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.
 
Fivel said:
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?
 
Glordit said:
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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