The African Bank Black Credit Card stands out for clients looking for both high credit limits and straightforward rewards. With an interest rate of up to 3% per annum on positive balances, it encourages smart money management. The card offers a credit limit of up to R500,000, with approval subject to affordability and credit terms. Cardholders can benefit from up to 62 days interest-free purchases when the outstanding balance is paid in full by the due date. The card is issued instantly at branches, giving you fast access to credit.

How to Apply: Step-by-step Guide

• Gather your most recent proof of income and your latest bank statement (showing three months’ salary).
• Ensure you are over 18 years of age.
• Complete the online application or visit an African Bank branch.
• Upon approval, collect your personalised embossed credit card at the branch.
• Activate your card and receive SMS confirmation.

Key Advantages

One of the main advantages is the interest earned on positive balances, offering up to 3% per annum, which is rare for credit cards in this segment. Cardholders also enjoy up to 62 days of interest-free spending on purchases, great for those who pay their balances in full each month. The immediate card issuance in-branch ensures minimal waiting time, so you can use your credit quickly. Plus, the card is globally accepted at all Visa merchants and ATMs.

Drawbacks to Consider

The African Bank Black Credit Card does carry a R69 monthly fee, and replacement or initiation fees may add up if you need them. International transaction fees and cash withdrawals at ATMs can also be on the higher side, especially for frequent travellers. Data usage for online banking is zero-rated only for MTN and Vodacom, potentially adding costs for Cell C or Telkom users.

Our Verdict

The African Bank Black Credit Card offers genuine value for those looking for high credit limits, immediate access, and the unusual ability to earn interest on positive balances. Its range of features and Visa-powered global acceptance make it a solid choice for anyone seeking flexibility and convenience from their primary credit card.