The African Bank Black Credit Card is a premium credit card designed for South Africans seeking higher limits and rewarding benefits. With a credit limit that can reach up to R500,000 (terms and conditions apply), this card is suitable for big spenders and those who appreciate flexibility. An interest rate of 3% per annum is earned on positive balances, and cardholders enjoy up to 62 days interest free on POS purchases when the balance is settled in full by the due date.

How to Apply: Step-by-Step Guide

1. Ensure you are over 18 and can provide three months’ bank statements and proof of income.
2. Start your application online, through the African Bank app or by visiting a branch.
3. Submit all required documents and complete the personal assessment.
4. Once approved, visit any African Bank branch to collect your instantly issued, personalised card.

Top Pros of the African Bank Black Credit Card

One standout advantage is the credit limit of up to R500,000, providing significant purchasing power for eligible applicants. The ability to earn 3% interest on a positive balance is rare, making unused funds work for you.

Additionally, instant issuance of a personalised, embossed card at a branch means there is no long wait time after approval.

Key Cons to Consider

The monthly service fee is R69, which could add up for users who do not use their card frequently. Also, international usage incurs a 2.75% conversion fee, and ATM withdrawals abroad have high fixed and percentage-based costs.

Large cash withdrawals and declined transaction fees may also make this card less appealing for regular ATM users.

Our Verdict: Is the African Bank Black Credit Card Right for You?

If you want high limits, quick card issuance, and interest on positive balances, this product is a strong choice. The security features and easy banking app access improve your experience and convenience.

However, the card is best suited for those who transact mostly by card, pay off their full balance each month, and make minimal cash withdrawals. Consider your usage patterns to see if this premium card fits your lifestyle and needs.