The African Bank Black Credit Card stands out in the South African market due to its earning potential, high credit limits, and immediate access upon approval. Cardholders can benefit from earning up to 3% interest on positive balances, a feature not commonly found on credit cards. Additionally, you can qualify for a credit limit of up to R500,000, making it a favourable option for those seeking significant purchasing power. If the outstanding POS purchases are settled in full by the due date, you can also enjoy up to 62 days of interest-free shopping convenience.

How to Apply: Step-by-Step

1. Prepare the required documents: recent proof of income, ID, and a bank statement showing three months’ salary deposits.
2. Ensure you meet the eligibility: 18 years or older with proof of regular income.
3. Complete and submit the online or in-branch application form for a credit card.
4. Once approved, visit your nearest African Bank branch to collect your personalised, embossed card instantly.
5. Activate your card and start enjoying all the banking and purchase benefits right away.

Top Advantages

One of the most attractive aspects of the African Bank Black Credit Card is its high limit of up to R500,000 and the ability to earn interest on positive balances. Instant issuance means you can start using your card the same day you are approved. The card further offers up to 62 days interest free on POS purchases if settled in full, providing cost-effective short-term borrowing. The application process is straightforward, and cardholders enjoy wide acceptance thanks to the Visa network.

Downsides to Consider

On the downside, the monthly service fee is R69, which is standard but not the lowest in the market. International transactions and some local actions may incur extra fees, so reviewing the fee table is important for frequent travellers or heavy users. If you do not pay off your outstanding balances on time, the interest rates can become significant, which may outweigh the benefits of the interest-free period.

Verdict: Who Should Apply?

The African Bank Black Credit Card is ideal for consumers looking for a premium credit card with no waiting time for card collection, competitive interest earnings on positive balances, and generous credit limits. If you are disciplined about full payments each month and want the option of high-value transactions, this card could be a strong fit for your wallet.