The African Bank Black Credit Card stands out for South Africans seeking flexibility and benefits. It offers up to 3% interest per annum on positive balances and up to 62 days interest-free if you settle your statement in full. Moreover, it comes with a credit limit of up to R500,000, although terms and affordability checks do apply. The initiation fee is R147.00, with a monthly service fee of R69.00, and ATM withdrawals incur extra charges. This card is ideal if you want global acceptance paired with user-friendly online and mobile banking.

How To Apply Step By Step

• Ensure you’re over 18 and have a recent proof of income ready
• Gather your latest bank statement (showing three months’ salary deposits)
• Start your application online or at any African Bank branch
• Undergo a credit assessment for approval and your credit limit offering
• Collect your personalised card in branch once approved and activated

Top Benefits

One of the standout features is the ability to earn interest on a positive card balance, which is rare among credit cards in South Africa. Another key advantage is the instant issue of your personalised card at a branch, so you don’t have to wait for delivery. Cardholders also enjoy seamless mobile and online banking, global Visa acceptance, and up to 62 days interest free if conditions are met.

Drawbacks To Consider

The card’s monthly service fees, initiation fees, and relatively high ATM transaction costs should be considered, as these can add up if you frequently use cash. International purchases attract additional charges, and online transactions have set limits, which may not suit all lifestyles.

Our Verdict

The African Bank Black Credit Card is a strong choice if you want high limits, interest on your balance, and swift account management. The card is particularly competitive for those who maintain positive balances and make regular purchases. However, if you rely heavily on ATM withdrawals or international transactions, be mindful of the extra fees attached. Overall, it offers flexibility, security and impressive digital banking services.