Banco Africano
Get up to R500,000 credit limit, enjoy up to 62 days interest-free, earn 3% on positive balances, and bank anytime via app with African Bank Black Credit Card.
The African Bank Black Credit Card is one of the most competitive offers in South Africa. Cardholders can access a high credit limit, attractive rates, and modern digital banking features. You can be approved for a credit limit up to R500,000, with a credit interest rate of 3% per annum on positive balances. You’ll also benefit from up to 62 days interest-free on purchases if you pay your balance in full by the due date. Affordability and standard terms and conditions apply, so a credit assessment is necessary.
How to Apply for the African Bank Black Credit Card
To apply, you’ll need to be over 18, provide the latest proof of income, and submit a recent bank statement reflecting three months’ salary. Once you’ve completed the online application or visited a branch, you get instant issuance of your embossed credit card. Activation is confirmed via SMS and you can immediately transact either through the app or with your physical card.
Key Benefits of this Credit Card
One major advantage is the ability to earn interest on any positive balance, which is rare among South African credit cards. The up to 62 days interest-free grace period gives you extra flexibility and cost savings if you regularly pay off your purchases on time. The card’s high credit limit caters to both moderate spenders and those seeking more buying power.
Possíveis desvantagens a considerar
The monthly service fee of R69 and other charges, such as the card replacement fee, can add up, especially for occasional users. International transaction fees are relatively standard for travel cards but should be considered if you’re a frequent traveller. As always, strict adherence to repayment deadlines is essential to avoid high interest on outstanding balances.
Final Verdict: Should You Apply?
The African Bank Black Credit Card is a strong choice for those who value high limits, interest earnings, and robust digital banking. If you’re diligent about repayments, you’ll enjoy the full benefits and streamline your financial management with their feature-rich app. Its fees are competitive for the perks provided, making it a recommendable product for many South Africans.
