Afrikaanse Bank
Up to 3% interest on positive balances, R500,000 max limit, 62 days interest-free, online shopping, instant card issue, safe repayment options.
The African Bank Black Credit Card stands out for its generous credit limit of up to R500,000 and the ability to earn up to 3% interest per annum on positive balances. Cardholders can benefit from up to 62 days interest-free on point-of-sale (POS) and online purchases when the outstanding balance is cleared in full by the due date. Terms and conditions, along with affordability assessments, apply to all applications. With instant approval and immediate issue at any African Bank branch, this card blends flexibility with speed.
How to Apply for the African Bank Black Credit Card
- Gather your most recent proof of income
- Ensure you’re over 18 years of age
- Prepare your latest bank statements with three months’ salary deposits
- Apply online, in-branch, via app or USSD
- On approval, collect your card instantly at a branch
Benefits of the African Bank Black Credit Card
This credit card is accepted globally wherever Visa is displayed and makes online, contactless, and debit transactions easy and secure. Customers can set their own transaction limits and benefit from flexible, easy repayment options such as online, phone, debit order, and more.
Customers also receive credit life insurance for added peace of mind, access to POS cash withdrawals at major retailers, and a free monthly credit report via the bank’s app or online system.
Nadelen om te overwegen
The R69 monthly service fee as well as card initiation and replacement fees may add up for budget-sensitive customers. Some services, like in-branch payments and international transactions, attract additional fees, which are important to factor into ongoing usage.
International spend is restricted, with limits on card-not-present transactions. Despite the high credit limit, approval is subject to strict credit assessments and terms.
Ons oordeel
The African Bank Black Credit Card is suitable for individuals seeking a high credit limit, international acceptance, and the potential to earn interest. While the fees are higher than some entry-level alternatives, the instant issue and suite of digital tools set this card apart. For those meeting the requirements, it’s a modern solution for online, app-based, and in-store banking.
