African Bank
Flexible credit card with up to R500,000 limit, up to 3% interest on positive balances, no interest for up to 62 days, and instant card issue at approval.
The African Bank Black Credit Card is designed to combine high spending limits with appealing features for South African consumers. Interest rates for positive balances reach up to 3%, and cardholders can access up to R500,000 in credit, subject to terms, conditions, and individual affordability checks. Settle all your POS purchases in full by the specified due date and enjoy up to 62 days interest-free, making this card useful for managing monthly expenses efficiently.
How to Apply: Step by Step
- Gather proof of income and a recent 3-month bank statement showing salary deposits.
- Applicants should be 18 years or older.
- Begin your application online, via the bank’s app, or visit a branch.
- If approved, attend a branch to collect your embossed card.
- Activate your card and you’re ready to use it instantly.
Key Benefits
The card’s standout advantage is the instant issue of a personalised embossed card at any branch after approval, so there’s no waiting period.
Earn interest on positive balances and get up to 62 days interest-free on POS purchases. Setting personal transaction and spending limits gives flexibility and peace of mind. Digital banking through the app and online platform is completely data-free.
Potential Drawbacks
Some monthly fees apply, including a R69 monthly service fee, and costs for extra transactions such as ATM withdrawals and card replacement.
International transactions have conversion fees, and high cash withdrawal fees may not be cost-effective for frequent cash users. Terms on maximum limits and affordability assessments also apply.
Our Verdict
African Bank’s Black Credit Card stands out for its generous limits and instant issuing feature, together with competitive interest on positive balances. For those who want flexibility and the ability to bank online with a physical Visa card accepted globally, it’s a fresh contender. Be aware of the maintenance fees before you apply, but the benefits should outweigh the costs for regular, digital-first users.
