The African Bank Black Credit Card truly stands out thanks to its generous perks. Cardholders may qualify for up to a R500,000 credit limit, subject to terms and affordability. What’s more, positive balances on the account can earn up to 3% interest per annum, an attractive feature for those who prefer to keep funds in their account.

The card offers a competitive credit interest rate of 3% p.a., variable depending on agreements. Users benefit from up to 62 days interest-free on purchases, provided the balance is settled in full by the due date. The monthly fee is R69, with additional fees for card replacement and certain international or cash withdrawal transactions. All fees include VAT.

Step-by-Step: How to Apply

1. Be 18 years or older and provide a valid South African ID.
2. Gather your most recent proof of income and a bank statement reflecting your last three salary deposits.
3. Apply online through African Bank’s site, in branch, via the African Bank app, or by USSD on your cellphone.
4. If approved, visit a branch to collect your personalised, embossed card.
5. Activate the card and you’re ready to transact.

Major Pros of the African Bank Black Credit Card

One standout benefit is the ability to earn up to 3% interest on a positive balance, effectively rewarding you for good financial habits. Additionally, instant issuance at any branch means you can access your card immediately after approval, adding convenience for new applicants.

The fee structure is transparent and published on the official site, so there are no surprises. You also get up to 62 days of interest-free purchasing if you pay your balance in full on time. The card is Visa-branded, accepted globally, and lets you set your own transaction limits.

Cons to Consider Before Applying

The monthly service fee and specific fees for certain transactions—such as international withdrawals and cash withdrawals at ATMs—can add up if you’re a regular traveller or heavy cash user. Also, qualifying for the maximum R500k credit limit is subject to a strict affordability assessment.

Another consideration is that you must physically visit a branch to collect your card after approval, which may inconvenience online-only applicants.

Our Verdict

The African Bank Black Credit Card is a competitive choice for clients who value rewards on positive balances and transparent fee structures. While some fees are higher for international use, the card’s everyday benefits, ease of application and digital banking support make it suitable for most South Africans seeking a reliable credit tool combined with rewarding extras.