Banco Africano
Get up to R500,000 credit limit, earn up to 3% interest on positive balances, and enjoy up to 62 days’ interest-free shopping. Easy repayments and instant issue.
The African Bank Black Credit Card is a strong contender for consumers looking for flexibility and competitive rates in South Africa. With a credit limit of up to R500,000, this card stands out for high earners or anyone needing robust spending power. Cardholders can earn up to 3% interest per annum on positive balances, which adds real value for savvy spenders who keep their accounts in credit.
The variable interest rates are determined by agreement and affordability, while you can also benefit from up to 62 days’ interest-free on point-of-sale and online purchases if you settle your balance in full each month. Setup is quick at any branch, thanks to instant issue, and you’ll have the ability to make secure international and local payments wherever Visa is accepted.
How to Apply for the African Bank Black Credit Card
- Collect your most recent proof of income and a three-month bank statement.
- Confirm you are over 18 and meet affordability criteria.
- Apply at any African Bank branch, via their mobile app, phone, or website.
- If approved, visit a branch to collect your printed, embossed credit card.
- Activate your card to start using it. You’ll get an SMS when it’s ready.
Pros of the African Bank Black Credit Card
One of the clearest advantages is earning up to 3% interest on positive balances, giving you an extra financial benefit.
The instant card issuance means you won’t have to wait to access your credit. Additionally, you can manage your card securely online or with the app, with no data charges incurred on African Bank platforms.
Cons of the African Bank Black Credit Card
The monthly service fee of R69.00 is higher than some entry-level cards. If you require a card for frequent international use, note the additional 2.75% conversion fee on foreign transactions.
Applicants will also need to meet certain affordability checks and supply proof of regular income, which may limit who qualifies.
Nuestro veredicto
The African Bank Black Credit Card is ideal for those seeking a generous limit, extra interest on positive balances, and robust security features. If you can meet the requirements and settle your monthly balance, the card’s benefits greatly outweigh its minor drawbacks.
