The African Bank Black credit card is a practical and comprehensive financial solution capable of reshaping your finances. With an attractive limit and global acceptance, it serves as a useful payment method for both local and international purchases.
With a quick issuance process and instant use upon approval, it suits consumers seeking more flexibility to make purchases on credit. Furthermore, the card has top-notch security, so you never need to worry.
Below, you can find all the details of this credit card that combines benefits and practicality. Keep reading to discover everything it has to offer if you decide to apply for it.
About the issuer
African Bank is a leading financial institution in South Africa, known for its mission to offer accessible products and innovative services. Since its founding in 1975, the bank has aimed to serve different client profiles, with a focus on financial inclusion and sustainable growth.
The bank has a strong digital presence, using technology to enhance its clients’ banking experience. Its app and online services enable quick and secure account management, simplifying transactions and financial queries for users.
With a reputation for trust and innovation, African Bank continually strives to evolve its services and meet the needs of the modern market. Its portfolio includes various financial products such as credit cards, loans, and investments, offering financial support tailored to clients’ needs.
Benefits of the card
Interest-free credit period: The card offers up to 62 days of interest-free credit on point-of-sale purchases, as long as the balance is paid in full by the due date. This allows users to manage expenses efficiently without incurring extra costs.
Earnings on positive balances: Cardholders can earn up to 3% interest on positive balances held in the card account. This is a way to make the available balance generate returns.
Free travel insurance coverage: Users enjoy complimentary travel insurance, offering extra protection during trips.
SMS notifications: Cardholders receive free real-time messages on all transactions made with the card. This feature helps monitor account activity and quickly detect any unauthorized use.
Online shopping security: The card is equipped with Visa Secure, formerly known as Verified by Visa, providing an added layer of authentication for online purchases, enhancing transaction security.
Global use with Visa logo: The card is accepted at millions of establishments and ATMs worldwide, facilitating international use.
Convenience of online and mobile services: The African Bank app allows users to manage transactions, set spending limits, and track their financial history easily.
African Bank Black credit card fees and charges
The African Bank Black credit card has a monthly maintenance fee of R69. Additionally, there is an initiation fee of R147 for new clients and a replacement card fee of R147.
Keep in mind that fees may change without prior notice; it is advisable to check conditions directly with the issuing bank.
Credit limit
The African Bank Black offers a credit limit that can reach R350,000, attracting those seeking substantial purchasing power. This limit reflects the bank’s approach to providing significant credit for its clients, standing out among credit card options in South Africa.
You can check the limit granted for your case after submitting the necessary information when applying.
Positive points
- High limit:Ideal for substantial expenses.
- Grace period:62 interest-free days offer flexibility.
- Positive balance rewards:Additional incentive with up to 3% interest.
Negative points
- High monthly fee:R69 may be a limiting factor.
- ATM withdrawal fees:Significant charges for ATM withdrawals.
- Few daily rewards:Lacks perks like fuel cashback.
How to apply for the African Bank Black Credit Card
- Visit the official African Bank website;
- Go to the African Bank Black credit card page;
- Click on “Apply now”;
- Fill out the online form with your personal information;
- Submit documents such as ID and proof of income;
- Wait for approval and pick up the card at a nearby branch.
How to contact African Bank
Get in touch with the bank via:
- Phone: 0861 111 011
- Online Chat: Available on the bank’s official website
For those who want to explore the advantages of a complete credit card, the African Bank Black is an excellent choice. Evaluate the benefits and reach out to apply for yours!