The African Bank Black Credit Card stands out among South African offers, catering to those seeking flexibility and tangible financial rewards. Cardholders benefit from earning up to 3% interest per annum on positive balances, which is an uncommon perk for credit cards. The credit limit stretches up to R500,000, subject to approval and affordability assessments, making it suitable for a variety of financial lifestyles.

With up to 62 days interest free on point-of-sale purchases, this card supports savvy spending if balances are settled in full by the due date. Furthermore, fees are competitive, with a R69 monthly service charge and other transparent costs. The application is available online, in app, or in-branch, and successful applicants can receive their personalised, embossed card instantly at a branch.

How to Apply for the African Bank Black Credit Card

• Gather your latest payslip or proof of income and three months’ bank statements.
• Ensure that you are over 18 years old.
• Start your application online, via the banking app, or by visiting a branch.
• If approved, collect your card at an African Bank branch and activate it.

Pros of the African Bank Black Credit Card

One of the major pros is the up-to-3% interest on positive balances, allowing cardholders to earn while they manage credit. The card’s high credit limit is another advantage, offering strong purchasing power.

The instant issuance of a personalised card in-branch is convenient, and the banking app provides easy management and 24/7 access without using any data.

Cons of the African Bank Black Credit Card

The card’s extra features come with a monthly fee, which may not suit every budget. Interest rates on debit balances can vary as per agreement.

The credit limit depends on affordability assessments and is not guaranteed for every applicant, so approval is not instant or universal.

Our Verdict

The African Bank Black Credit Card is an appealing option for South Africans who want to combine rewards with high credit limits and digital convenience. If you value earning interest on positive balances and want instant access to a personalised Visa card, this card is well worth considering.