The African Bank Black Credit Card offers a competitive credit solution tailored for South Africans who want more from their card. You can qualify for a credit limit of up to R500,000, provided you meet affordability and credit criteria. The card stands out by offering up to 3% interest per annum on positive balances, making it a rare product in the market. If you settle your balance in full by the due date, you also benefit from up to 62 days of interest-free purchases.

Step-by-Step Application Process

• Check if you qualify by gathering your income proof and recent bank statements.
• Submit your application online, on the mobile app, by phone, or at a branch.
• Undergo a quick credit assessment to determine your limit and approval.
• Once approved, visit a branch for your instantly issued embossed card.
• Activate the card and start transacting immediately after receiving SMS confirmation.

Key Pros of the African Bank Black Credit Card

The ability to earn interest—up to 3%—on any positive balance is a highlight, as most credit cards do not offer this benefit. Another advantage is the generous credit limit of up to R500,000, suitable for both everyday use and larger expenses.

Instant card issue at any African Bank branch is a valuable feature, so there are no lengthy waits. In addition, cardholders enjoy up to 62 days of interest-free purchases by paying off the full balance in time, making it cost-effective for short-term borrowing.

Some Cons to Consider

While the African Bank Black Credit Card has attractive benefits, the monthly service fee of R69 might be seen as a drawback for light users. Additionally, there are notable fees for international ATM withdrawals, at R80 plus a percentage charge, which could add up when travelling.

Also, the maximum limit is subject to a strict affordability assessment, which means not everyone will qualify for the highest credit offered.

Our Verdict

This card is suited to those who want flexibility, high spending power, and the rare feature of interest earned on credit balances. The perks outweigh the minor cons for most, especially if you value instant issue and digital convenience. However, cost-conscious users should review the fee schedule carefully.