The African Bank Black Credit Card stands out with its high credit limit of up to R500,000, a competitive interest rate of up to 3% on positive balances, and up to 62 days of interest-free purchases if the full balance is settled by the due date. Applicants need to be over 18 with proof of three months’ income for consideration. The card is instantly personalised and globally accepted at all merchants displaying the Visa logo.

How To Apply For The African Bank Black Credit Card

1. Check your eligibility: have your ID, recent proof of income, and a three-month bank statement ready.
2. Apply online, via the mobile app, or in-branch.
3. Receive immediate feedback on your application status.
4. Collect your personalised, embossed card at an African Bank branch upon approval.
5. Activate your card and start using it instantly after SMS confirmation.

Key Advantages

The card rewards responsible money management by paying interest on a positive balance. Up to 3% p.a. is credited monthly, giving you more value for your savings.

Cardholders enjoy up to 62 days interest-free when clearing their balance, reducing the cost of short-term borrowing for daily expenses and large purchases.

Potential Drawbacks

There is a monthly service charge of R69 and a relatively high initiation and card replacement fee. Certain international and transaction types also add extra costs that can become significant for frequent users.

Interest is charged as per the credit agreement on outstanding balances post the grace period, which may affect those unable to pay off their monthly spend.

Verdict: Is The African Bank Black Credit Card Right For You?

The African Bank Black Credit Card is an attractive choice for South Africans seeking a high-limit, feature-packed credit card with global acceptance. It best suits responsible spenders who consistently clear their balance and want to earn interest on surplus funds. Consider the fee structure relative to your anticipated usage before applying.