The African Bank Black Credit Card offers an appealing package for South Africans looking to maximise their banking convenience and rewards. With a competitive interest rate of up to 3% on positive balances and the possibility of up to 62 days interest-free on payments, it stands out among credit cards. The card comes with a flexible credit limit that can reach as high as R500,000, with approval subject to terms, conditions and affordability rules.

You can enjoy online shopping security with Visa, instant issue of a personalised embossed card at a branch, and global acceptance anywhere the Visa logo is displayed. The monthly service fee is R69, with additional low charges for various transactions. Keep in mind, credit life insurance is required to safeguard your balance.

How to Apply: Step by Step

• Ensure you are over 18 and have your latest proof of income and bank statement (showing three months’ salary deposits).
• Fill in the online application or visit your nearest African Bank branch.
• If approved, collect your instant, embossed credit card from a branch.
• Activate your card upon receipt to use it immediately for transactions.
• Download the African Bank app for added convenience and mobile banking control.

Key Pros

One major advantage of this card is the high potential credit limit up to R500,000, which accommodates varying financial needs. Earning 3% on positive balances rewards savvy money managers.

Instant card issuing at any African Bank branch eliminates waiting time, while comprehensive online and mobile banking means 24/7 access and easy management.

Key Cons

While the card’s features are robust, the monthly fee of R69 may be a downside for those looking for no-fee options. International transactions incur conversion fees, which may add up for frequent travellers.

Credit life insurance is mandatory, potentially raising overall costs if you already have similar cover elsewhere.

Our Verdict

The African Bank Black Credit Card excels in flexibility, rewards, and access, making it a strong option for those seeking convenience, high limits, and interest on credit. Its instant issue process and digital banking suite are significant draws for modern users, balancing the few cons against substantial benefits.