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African Bank
Earn up to 3% interest on positive balances, enjoy up to 62 days interest-free, and access limits up to R500k. Apply easily and get your card instantly at a branch.
The African Bank Black Credit Card packs powerful features into one offering. Designed for those who want flexibility and transparency, this Visa credit card offers a competitive 3% interest rate on positive balances as well as an interest-free period of up to 62 days for POS and online transactions paid in full by the due date. The card also boasts an impressive credit limit, with qualified applicants able to access up to R500,000, subject to credit checks and terms.
A stand-out benefit of the African Bank Black Credit Card is instant issue – once your application is approved, you can receive a personalised, embossed card at any African Bank branch. There’s no need to wait: your card is ready to use as soon as it’s activated, which is an attractive convenience for busy professionals or frequent travellers.
How to Apply for the African Bank Black Credit Card
- Gather your latest proof of income and bank statement reflecting three months’ salary deposits.
- Ensure you are over 18 years old and meet affordability and credit requirements.
- Start your application online, via cellphone banking, or in branch.
- If approved, visit your nearest African Bank branch to collect your card.
- Activate your card and begin transacting immediately.
Advantages of the Card
The ability to earn interest on positive balances up to 3%, combined with up to 62 days interest-free on new purchases, makes this card especially budget-friendly for those who pay off balances in full. The instant card issue is also perfect if you need quick access. Additionally, African Bank offers robust online and app banking with data-free access, so checking your balance and managing payments is hassle-free.
Points to Consider
Monthly services fees start from R69, and ATM cash withdrawals incur additional charges. International transaction fees and certain payment types may require additional percentages, which may not suit all user profiles. Also, applicants must meet strict eligibility and affordability checks.
Our Verdict
The African Bank Black Credit Card stands out with its high earning interest, generous limit, and exceptionally fast card issuance. While some fees are higher than entry-level options, the all-round convenience and strong digital features make this a compelling offer for South Africans looking for flexibility and immediate access to credit.