The African Bank Black Credit Card stands out in the market with a competitive set of features. Cardholders can earn up to 3% annual interest on positive balances, making it ideal for those looking to maximise savings. The card offers a substantial credit limit of up to R500,000, subject to approval, affordability criteria, and terms & conditions. Interest-free periods extend up to 62 days for purchases, enabling smart users to minimise borrowing costs if they clear their balances monthly.

Step-by-Step Application Guide

1. Gather your most recent proof of income and bank statements showing three months of salary deposits.
2. Ensure you are over 18 before starting your application.
3. Begin your online application or visit any African Bank branch for assistance.
4. Upon approval, collect your personalised and embossed card immediately at the branch.
5. Activate your card and start managing your finances instantly via online or mobile banking apps.

What We Like

One of the standout features is the ability to earn interest even on positive balances, which is not typical for credit cards in South Africa. Instant card issuing at any branch also adds a layer of convenience, allowing applicants to access credit on the spot. Plus, the extended 62-day interest-free period provides financial breathing room if settled in full.

Downsides to Consider

On the downside, the monthly account service fee and card replacement costs might not appeal to cost-conscious users. Additional charges could apply for certain transactions, especially international withdrawals or deposits exceeding set thresholds.

Our Verdict

African Bank’s Black Credit Card provides solid benefits for those seeking flexibility and rewards from their spending. The high credit limit, potential interest earnings, and instant card issue are notable advantages. But take note of the fee structure and ensure this card matches your spending habits and budget priorities before applying.