African Bank’s Black Credit Card has managed to stand out in the South African market due to its competitive features. Notably, cardholders can earn up to 3% interest per year on positive balances, an option rarely available elsewhere. The credit limit is also generous, with maximum facilities of up to R500,000, subject to approval and affordability. In addition, the card offers up to 62 days interest-free on purchases, provided balances are settled in full by the due date. A monthly service fee of R69.00 applies, and the initiation fee is R147.00.

How to Apply for the African Bank Black Credit Card

1. Gather proof of income and a recent bank statement with three months’ salary deposits.
2. Make sure you are at least 18 years old.
3. Complete the application online or at any African Bank branch.
4. On approval, visit a branch to receive your instant, personalised and embossed card.

Key Advantages

One attractive benefit of this card is the ability to earn interest on positive balances, which helps you grow your money while having access to credit. Additionally, the instant issue service ensures no waiting time: you leave the branch with an active card in hand, ready to use worldwide wherever Visa is accepted.

Potential Drawbacks

There are some fees to bear in mind. Monthly and replacement card fees may be higher than basic entry-level cards. International ATM withdrawals and transactions also incur additional costs and conversion fees, which add up quickly for frequent travellers.

Our Verdict

The African Bank Black Credit Card is a feature-rich product with real value for those who keep a positive balance or need flexibility with a high credit limit. While it isn’t fee-free and international charges are unavoidable, the rewards and convenience more than balance things out for most South African users.