African Bank Black Credit Card

Geovana Ramos
August 10, 2023

The African Bank Black Card is the perfect financial solution for those seeking an option with instant approval! Issued on the Visa network, it will be your main ally in everyday purchases, whether made in physical stores or online.

With it, you will have access to benefits such as up to 62 days of interest-free credit and the ability to manage your expenses through a smart app. Additionally, the card offers enhanced security for all transactions.

If you want to know more about how this card can transform your financial experience, keep reading to discover all the details about what could be the perfect solution for your finances.

About the Issuer

African Bank is the financial institution responsible for the African Bank Black Card. Recognized for its innovation and quality of services, African Bank has stood out in the financial market, especially in South Africa.

With a customer-centric approach, the bank offers products aimed at making their customers’ financial lives easier. The African Bank Black Card, issued by African Bank, reflects the bank’s commitment to excellence and innovation.

In addition to offering high-quality financial products, African Bank cares about the security of its customers. The African Bank Black Card includes insurance and advanced security technologies to protect your transactions, both online and offline.

Credit Card Benefits

Interest-Free Credit: The African Bank Black Card offers up to 62 days of interest-free credit for purchases made at points of sale and online, provided the balance is paid in full by the due date. This allows users to manage their finances more efficiently, avoiding additional interest charges.

Advanced Security: The card comes with chip technology and one-time password (OTP) security, adding an extra layer of security for online and in-person transactions.

Credit Life Insurance: The card includes credit life insurance, which covers unexpected events, offering peace of mind to users. This benefit ensures that, in case of unforeseen circumstances, financial responsibilities are covered.

Earn Interest on Positive Balances: Users can earn up to 3% interest on positive balances on the card. This encourages maintaining a positive balance and provides an opportunity to increase savings.

Worldwide Withdrawals: The card allows withdrawals at points of sale (POS) and ATMs worldwide, making it easy to access money when needed.

Free Online and Mobile Services: Cardholders can register and make secure transactions online or via mobile app at no additional cost. This provides convenience and ease in managing the card and personal finances.

African Bank Card Fees and Comissions

The African Bank Black Card has a monthly service fee of R65.00 and a card replacement fee of R130.00 in case of loss or theft, charged per event. There is also an initiation fee of R140.00 when acquiring the card.

Fees may change without prior notice, so it is important to check the current terms when applying for the card. These can be found on the official African Bank website, and you can access the information anytime.

Positive points

Long Interest-Free Period
Up to 62 days of interest-free credit.
Security
Advanced technology for fraud protection.
Issuance
Can be issued immediately after approval.

Negative points

Monthly Fees
R65.00 monthly service fee.
Replacement Fee
R130.00 in case of loss or theft.
Eligibility Criteria
Strict approval requirements.

Credit card limit

The credit limit of the African Bank Black Card is flexible and can reach up to R350,000, providing financial freedom to carry out your projects and achieve your goals. The limit is personalized based on the customer’s credit assessment.

After approval, if you are not satisfied with the granted limit, you can request a limit increase from the bank, though it is recommended to first use the card for a few months, paying bills on time.

How to apply for African Bank Card

To start enjoying all that this card has to offer, follow these steps:

Visit the official African Bank website;
Select the Black card and click on “APPLY NOW“;
Fill out the form with your personal and financial information;
Verify your mobile number;
Follow the online instructions to complete the process;
If approved, you can pick up your card immediately at an African Bank branch.