The African Bank Black Credit Card is designed for individuals who want flexibility, rewards, and convenience. With a credit limit of up to R500,000, this card suits a wide range of financial needs. You can also earn up to 3% interest on positive balances and enjoy up to 62 days of interest-free purchases if you settle the balance on time. The initiation, monthly, and replacement fees are competitive, making it a top option among South African credit cards.

How to Apply

1. Check if you are over 18 years old and have a valid SA ID
2. Gather your latest three months’ payslips and bank statements
3. Apply online, via the app, or at your nearest African Bank branch
4. Undergo a credit assessment for qualification and credit limit
5. If approved, collect your embossed card instantly at any branch

Benefits

One major advantage is the immediate issuance of your personalised, embossed card when you visit any African Bank branch. This means less waiting and more convenience for users. International acceptance by all merchants and ATMs that display the Visa logo expands your usage globally. Additionally, the ability to set your own transaction limits gives you customised control over your spending and security.

Drawbacks

The card does carry some fees, such as a R69 monthly service fee, initiation fee, and varying charges for ATM withdrawals and certain transactions. International purchases are subject to a 2.75% currency conversion charge, which can add up if you use your card frequently outside South Africa. Credit applications depend on affordability and can be declined based on credit assessment.

Our Verdict

The African Bank Black Credit Card stands out for offering high credit limits, attractive interest on positive balances, instant personalisation, and global use with the power of the Visa network. Although there are some service and transactional fees to consider, its feature set and flexibility make it a compelling choice for South Africans seeking a powerful card solution.