Banco Africano
Earn up to 3% on positive balances, up to R500,000 limit, instant card issue and easy repayments. Discover secure, convenient spending and flexible banking now.
The African Bank Black Credit Card stands out in South Africa by offering up to 3% interest on positive balances, making it attractive for savers. With a credit limit of up to R500,000 (subject to credit assessment), it delivers substantial purchasing power. The card also comes with an interest-free period of up to 62 days when balances are paid in full by the due date. It features global Visa acceptance, and cardholders benefit from instant issue at any branch once approved.
How to Apply for The African Bank Black Credit Card
- Ensure you are 18 or older and have valid proof of income and a bank statement showing three months’ salary deposits.
- Apply online, via the app, or visit an African Bank branch for a personalised offer.
- If approved, head to your nearest branch to receive your embossed card instantly.
- Activate the card and start using it immediately after SMS notification.
Key Benefits at a Glance
This card offers up to 3% interest on positive balances, an industry-leading perk for those who manage their funds well.
Thanks to a generous limit up to R500,000, customers enjoy the flexibility to spend or transfer as needed, subject to affordability and credit checks. Payments are convenient, with options including online, debit order, EFT, Pay@, or branch visits. The card is accepted internationally at any merchant with the Visa logo, and users enjoy advanced security with one-time PINs for online transactions.
Consider the Downsides
The monthly service fee of R69.00 and an initiation fee of R147.00 could add up for occasional users.
International use comes with 2.75% currency conversion fees, so travelling abroad requires attention to the costs involved. To maximise benefits like the interest-free period, it’s crucial to pay off balances in full each cycle—otherwise, normal interest rates apply on outstanding debit.
Final Verdict on the African Bank Black Credit Card
The African Bank Black Credit Card is ideal for South Africans seeking high limits, savings through interests, and hassle-free banking with instant card issue. Despite the fees, its competitive perks, safety features, and versatile repayment options make it a compelling choice for responsible credit card users.
