African Bank’s Black Credit Card delivers a compelling mix of high credit limits, interest earning potential, and user-centric digital features. Cardholders can enjoy a credit limit of up to R500,000, subject to affordability and credit checks. What stands out is the up to 3% interest you can earn on positive card balances, making idle funds on your card work for you. Additionally, the card offers up to 62 days of interest-free shopping if you settle your account in full by the due date.

A major advantage is instant issue: once approved, you can walk into an African Bank branch and leave with your personalised, embossed card. This innovation provides quick access without a drawn-out wait. The card also integrates seamlessly with African Bank’s app and online banking, enabling you to manage your finances any time.

How to apply for the African Bank Black Credit Card

1. Ensure you are older than 18 and have proof of income and a bank statement reflecting three months’ salary.
2. Fill out an application online, in-branch, or via their app or USSD code.
3. Await a credit assessment and approval decision.
4. Once approved, visit an African Bank branch to collect and activate your card instantly.

Key benefits

This card offers unmatched flexibility, allowing customers to set their transaction limits and make secure purchases online or in-store worldwide. Earning interest on positive balances gives added value, while an interest-free grace period of up to 62 days improves cash flow management. The instant issue process eliminates frustrating waiting times common with other cards.

Digital platforms are free to use, with no data charges on the African Bank app or online banking. These platforms offer simple card management, with features like quick balance checks, statement downloads, and limit management in just a few steps.

Potential drawbacks

Although packed with features, the monthly service fee is R69, and international usage incurs extra currency conversion fees. Cash withdrawals at ATMs and point-of-sale come with added charges, which could impact those who rely on frequent cash access.

Credit Life Insurance is compulsory, which, while providing protection, also increases your monthly commitment. Furthermore, strict affordability checks could mean not everyone will qualify for the highest credit limits.

Our verdict

The African Bank Black Credit Card stands out for high credit limits, interest earning, and efficient instant issue. The digital banking experience is also one of the best in the country. While fees apply, the value-added features offer plenty in return, making this card a strong option for South Africans prioritising flexibility and seamless digital banking.