Introducing the African Bank Black Credit Card, a rewarding credit card offer designed for savvy South Africans looking for flexibility and value. This card features a highly competitive interest rate of up to 3% per annum on positive balances. Users can access up to a R500,000 credit limit, subject to credit assessment and affordability. With up to 62 days interest-free on POS purchases if you settle in full by the due date, this card blends everyday practicality with attractive perks.

How to Apply: Step by Step

• Gather your proof of income and latest bank statement showing three months’ salary deposits.
• Ensure you are over the age of 18 to meet basic eligibility requirements.
• Apply online, through the African Bank App, or visit an African Bank branch.
• If approved, collect your personalised, embossed card from your nearest branch.

Advantages of the African Bank Black Credit Card

One significant advantage is the ability to earn interest on a positive card balance, offering savers extra value. Additionally, up to 62 days interest-free on purchases provide flexibility to pay off your balance without rushing.

The application and issuance process is seamless, with instant card printing at branches. Online banking and the app allow convenient access, payments, and statements anytime, anywhere.

Disadvantages to Keep in Mind

The monthly service fee of R69 and initiation fee of R147 may impact those who prefer no- or low-fee cards. International fees are slightly above average, especially for ATM withdrawals.

Limits on card-not-present transactions and some deposit services could restrict very high spenders or users with unique needs.

Our Verdict

The African Bank Black Credit Card offers impressive features for everyday and online use, promoting both rewards and flexibility. It caters well to users seeking value and reasonable costs in the South African market. If you prefer earning on credit balances and value manageable repayments, the African Bank Black Credit Card is a strong competitor to consider.