The African Bank Black Credit Card stands out with a generous credit limit of up to R500,000, offering flexibility for both everyday purchases and bigger expenses. Cardholders earn up to 3% interest annually on their positive balance, which is a remarkable feature compared to many standard credit cards. The card also boasts up to 62 days interest-free on POS purchases if balances are settled monthly. An instant issue option at any branch means users can start transacting soon after approval. Monthly fees are R69, and a replacement card attracts a fee of R136.50.

How to Apply for the African Bank Black Credit Card

• Ensure you are 18 years or older
• Prepare your most recent proof of income
• Have a bank statement with three months’ salary deposits ready
• Complete the application online or at an African Bank branch
• Upon approval, collect your card for instant use

Top Benefits of the Card

The card allows you to earn competitive interest on positive balances, which incentivises responsible financial habits. You also have the freedom to transact online securely, and get global acceptance wherever Visa is recognised. Instant issuance at any African Bank branch means you do not have to wait days to receive your credit card.

Key Drawbacks

Though the monthly fee is reasonable for the offering, there are also transaction and replacement fees to keep in mind, especially for cash withdrawals. International transactions incur additional charges, making it less ideal for frequent overseas use. Creditworthiness may limit the maximum available credit per applicant.

Final Verdict

The African Bank Black Credit Card is a competitive choice for those seeking a high credit limit, real interest earnings on positive balances, and instant access. It’s a strong offering for responsible spenders, but applicants should be mindful of the associated fees for some transactions.