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African Bank Black Credit Card
Enjoy up to R500,000 credit limit, interest rates from 3% on positive balances, and up to 62 days interest-free on purchases with this premium card.
The African Bank Black Credit Card offers a generous credit limit of up to R500,000, making it a strong contender for those seeking spending flexibility. It stands out with up to 62 days interest-free on purchases, provided the outstanding balance is settled in full by the due date. Cardholders also collect 3% interest on positive balances, which is a distinct value-add. Keep in mind that monthly service fees apply, with a current charge of R69.00 per month.
How to Apply for the African Bank Black Credit Card
To begin, gather your latest proof of income, bank statements reflecting salary deposits for the last three months, and valid South African identification. Ensure you’re over 18 years old before starting the application process. Head to your nearest African Bank branch or access their online application platform. After application approval, simply visit a branch to collect your printed, personalised and embossed Black Credit Card. You’ll receive an SMS notification when your card is ready for activation and immediate use.
Main Advantages
The most attractive features are the high credit limit and the ability to earn up to 3% interest on a positive card balance. Another significant perk is the up to 62 days interest-free period, available if you settle your balance in full each cycle. Furthermore, the card offers instant issuing at branches, eliminating long waiting periods, and is accepted globally where Visa is supported.
Potential Drawbacks
The monthly service fee, currently set at R69.00, could be a drawback for budget-conscious users. ATM withdrawals and declined transactions attract separate fees, making cash access slightly costlier. Additionally, international transaction and conversion fees may add up for frequent travellers.
Our Verdict
The African Bank Black Credit Card is an appealing choice for those looking to combine high credit limits, rewards on positive balances, and globally accepted convenience. Although the monthly and transactional fees are notable, the card’s features and exclusive benefits outweigh these costs for users with substantial monthly spend or an interest in maximising credit card perks. It’s particularly ideal if you want a feature-rich card and are able to pay off your balance in full each month.