The African Bank Black Credit Card stands out as a premium credit facility, offering competitive benefits to South Africans looking for both flexibility and value. With up to a R500,000 credit limit and the opportunity to earn up to 3% interest on positive monthly balances, this card caters to individuals seeking more from their credit cards. There is also up to 62 days of interest-free spending if the balance is paid in full by the due date, providing savvy users with greater spending power and cashflow management options.

Applicants should note the transparent cost structure: a monthly service fee of R69 applies, with a once-off initiation fee of R147 and card replacement at R136.50. Cardholders can use their card online or in-store anywhere Visa is accepted, locally and internationally. Credit interest accrues for positive balances, while purchases at major retailers and withdrawals at tills or ATMs remain simple and secure. The card is issued instantly at any African Bank branch upon approval.

If you are looking to apply, be prepared with proof of income, your latest bank statement showing three months’ salary deposits, and valid identification for a streamlined application process. Applicants must be over 18 and, once approved, can collect and activate their embossed card immediately at a branch.

How to Apply

• Gather your latest proof of income and a three-month bank statement.
• Make sure you are 18 years or older and have your South African ID available.
• Apply online, via the African Bank app, or by visiting an African Bank branch.
• If approved, pick up your card immediately from any branch.
• Activate your card; once you receive your SMS, you can start using it right away.

Key Benefits

The African Bank Black Credit Card offers instant issue on approval, eliminating long waits. You can start using your card as soon as you’ve activated it at a branch, which is ideal for those wanting immediate access.

Another notable benefit is the ability to earn interest on positive balances (up to 3% p.a.)—a rare feature in credit card products. Additionally, cardholders benefit from up to 62 days of interest-free shopping, provided balances are settled in full by the due date.

Potential Drawbacks

There are some fees to keep in mind. Monthly service, initiation, and replacement fees apply. Charges for out-of-network ATM withdrawals and international use can add up, particularly for frequent travellers or those relying on cash advances.

Furthermore, while the credit limit can reach up to R500,000, qualifying for the maximum depends on your individual credit profile and financial situation. Not all applicants will be eligible for the highest tiers.

Final Verdict

The African Bank Black Credit Card is well suited to individuals seeking a powerful, instantly available credit facility with added perks like positive balance interest and generous interest-free periods. While fees are competitive, applicants should review the fee schedule in detail to ensure the card matches their spending habits and financial goals. With thoughtful management, this card offers robust value for modern banking needs in South Africa.