The African Bank Black Credit Card brings together convenient features and attractive rewards for South African consumers. With interest on positive balances up to 3% per annum and an impressive credit limit that can go up to R500,000, this card stands out. Account holders may enjoy up to 62 days of interest-free purchases if the balance is cleared in full by the due date. Monthly service fees are R69, and instant issuance at branches means you can start using your card right after approval—no waiting required!

How to Apply: Step by Step

• Gather your most recent proof of income
• Ensure you have your latest bank statement showing three months’ salary deposits
• Check that you are over 18 years old
• Begin your application online or at a local African Bank branch
• Once approved, visit the branch to collect your embossed card and activate it

Major Pros

One of the standout advantages is earning interest on your card’s positive balance, a rare feature among credit cards in South Africa. The high potential credit limit up to R500,000 is a significant plus for those seeking more financial flexibility.

Additionally, you benefit from instant card issuance and broad usability locally and internationally, plus flexible and easy repayment channels.

Potential Cons

There is an initiation fee and relatively high replacement card fee, which may impact those who frequently need new cards. ATM withdrawal fees are higher compared to standard debit offerings, especially for international transactions.

Also, your final credit amount is subject to affordability and credit checks, so not everyone will qualify for the highest limit.

Verdict

The African Bank Black Credit Card is an excellent choice for those looking for interest on credit balances, high purchase limits, and immediate access after approval. While there are some fees to consider, the benefits easily outweigh the negatives if you make full use of the features and manage repayments responsibly.