The African Bank Black Credit Card stands out with its interest rate of up to 3% per annum on positive balances, an interest-free period of up to 62 days, and a statement credit limit that stretches up to R500,000. Upon approval, you can walk into a branch and collect your embossed card instantly. To qualify, general affordability rules apply and standard SA credit checks are in place.

How to Apply for the African Bank Black Credit Card

• Collect your proof of earnings and your latest three-month bank statement for submission.
• Ensure you’re over 18 and have your ID ready.
• Visit a branch or use their digital banking app to start your application.
• If successful, receive your card on the spot at any branch.
• Activate and use your card immediately after approval and SMS notification.

Key Pros of the African Bank Black Credit Card

One standout benefit is the ability to earn interest, up to 3% per annum, on a positive card balance. This means your money can grow even as you spend.

Additionally, you get up to 62 days interest-free on POS and online purchases as long as you settle the card in full by the due date, which gives you more flexibility managing your finances.

Considerations and Cons to Note

There is a monthly fee (R69), a once-off initiation fee (R147), and a card replacement fee. International transactions have additional fees, and affordability checks may mean you don’t always get the maximum advertised limit.

Another drawback is that there are fees on certain digital activities and cash withdrawals, so it’s worth reviewing the full price list before you commit to holding a balance or withdrawing cash frequently.

Nosso veredicto

African Bank’s Black Credit Card offers excellent value for South Africans looking for flexible limits and rewards like positive balance interest. The instant issue, online banking features, and up to 62 days of interest-free purchases enhance convenience and spending power. There are fees to keep in mind, but for disciplined cardholders, the perks make this a recommended credit solution.