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African Bank Credit Card
Unlock up to R500,000 credit limit, up to 62 days interest-free, instant card issue, 3% interest on positive balances and robust digital banking features.
The African Bank Black Credit Card stands out for its competitive interest rates and impressive features. You can earn up to 3% interest p.a. on positive balances and enjoy up to 62 days interest-free on purchases if the outstanding balance is paid in full by the due date. With a maximum credit limit of R500,000, this card is suitable for users seeking flexibility and spending power.
To apply, you need to be at least 18 years old, provide your latest proof of income and a bank statement reflecting three months’ salary deposits. After submitting your application and it is approved, simply visit any African Bank branch to collect your personalised, embossed card.
How to Apply for the African Bank Black Credit Card
- Gather your latest proof of income and a three-month bank statement.
- Complete the credit card application online or at any African Bank branch.
- Await application approval, subject to affordability and credit checks.
- Visit a branch to receive your instant, embossed credit card.
What Makes This Card Attractive?
One major advantage is the instant card issuance at any branch, saving you time. In addition, the card is globally accepted and offers robust online and mobile banking features.
Another strong benefit is the flexible repayment methods. You can easily pay through EFT, debit order, at African Bank branches, or via online banking, catering to different user preferences for convenience.
Are There Any Downsides?
The monthly account fee is R69, which is above average for entry-level cards, so it may not suit budget-conscious users. Furthermore, fees apply for certain services, like card replacement and cash withdrawals.
International transactions incur additional conversion fees, which might impact frequent travellers. Also, approval criteria can be strict, requiring steady income documentation.
Verdict: Is This the Right Credit Card for You?
The African Bank Black Credit Card is well-suited for those seeking a high credit limit, interest-free days, and modern digital banking. If you value quick access, flexible repayments, and global acceptance, it’s a top choice despite some fees. Evaluate your spending habits against the account costs to decide if this versatile card fits your financial needs.
