African Bank is one of the most trusted banks in South Africa. It offers different financial products that suit the lifestyle of many people in the country.
One of these is the world-renowned African Bank Black Credit Card. The credit card is suitable for every South African and offers perks and benefits.
The article below provides more information about the African Bank Black Credit Card. This guide also teaches you how to apply for a credit card.
More About the African Bank Black Credit Card
The African Bank Black Credit Card is known for its premier banking experience.
It is primarily designed as a financial tool for those who seek to meet their financial needs.
It is a very versatile financial tool that can be used for day-to-day transactions, one-time vacations, above-average purchases, travel, and even entertainment.
Get Zero Interest for Up to 62 Days
With the African Bank Black Credit Card, you can enjoy zero interest for as much as 62 days. However, you must fully pay your bill before the due date to unlock this feature.
Once activated, you will never have to pay interest when you use the card for any transaction, such as purchases. Before you make the transaction, make sure that you meet the criteria.
You can enjoy this feature for 62 days and even extend it if you pay your bills on time every time.
Make Online Shopping a New Experience
The African Bank Black Credit Card lets you shop online without any hassle. It is accepted in many online stores worldwide.
Now that this credit card can be used, you don’t have to worry about paying for your items. Additionally, the card’s security features make it very safe to use for online transactions.
Gone are the days when you worried about the safety of your credit card information when making online purchases.
Diverse Modes of Repayment
The African Bank makes it very convenient for cardholders to pay their monthly bill. This credit card offers you different methods of repayment to make it easier for you.
You can choose to repay your bill by calling their customer service hotline, online, or by debit order. You can find even more options when you explore their official website.
Earn Interest on a Positive Balance
This is where the African Bank Black Credit Card truly takes off. This credit card is just one of the rare few that lets you earn interest when you’re on a positive balance.
It examines your credit balance and allows you to earn while using it for purchases and other transactions. Few credit cards offer this feature.
African Bank Black Credit Card Interest Rate and Other Credit Card Fees
The African Bank Black Credit Card has several credit card fees that you need to know.
You must pay a monthly service fee of R55 and an initiation fee of R125. For every balance inquiry you make, you will be charged R8.00 at any local ATM and R13 if you withdraw cash from the ATM, plus an additional 2% of the transaction value.
The credit card interest rate is at 3% per annum. If you use the card abroad, you will be charged R10 for the balance inquiry and R50 for cash withdrawal with a 1.5% transaction fee based on the value of the entire amount.
Also Read: Learn How to Get the Capital One SavorOne Cash Rewards Credit Card
Contact Details
If you need assistance or have further inquiries about the credit card, you can contact their customer service hotline using the number 0861 000 555 or +27 11 256 9988 if you live in South Africa. You can also dial +27 (11) 256 9988 if you are outside the country.
Cardholders can also dial *120*225# from their mobile phones or download the African Bank mobile app to contact customer service through the app.
You may also visit their main headquarters at 59, 16th Road Midrand Johannesburg 011 256 9000.
Applying for the African Bank Black Credit Card
When it comes to applying for the African Bank Black Credit Card, you need to meet their eligibility requirements, follow their application process, and ensure that you’re able to submit the required documents.
You must pass all of these before their system reviews and approves your application.
It only takes a few minutes for you to get the approval and once done, you can pick up your new credit card at your nearest African Bank branch.
Eligibility Criteria
All applicants must be at least 18 years and older to qualify for application. There is also a minimum income requirement set so that all applications can pay their bills.
Please note that you must submit specific income requirements before you are approved for the card.
Online Application
To apply online, go to the official website and click on Apply. Fill out the online application form with your details and submit the required documents as stated below.
Check the terms and conditions, including your application form, for spelling errors before you submit. Knowing if you’re approved for the card takes a few minutes.
Required Documentations
As mentioned above, you must also submit several required documents, such as proof of identity, proof of income, and address verification.
You can use your South African ID, driver’s license, or passport as proof of identity.
Your recent monthly pay slips, income tax return, or bank statements can be used as proof of income. Utility bills or bank statements can serve as address verification.
Conclusion
The African Bank Black Credit Card has features you will surely want to take advantage of. With its amazing value for daily transactions and security features, you get everything that you need from a credit card and more. Check out the African Bank Black Credit Card now and apply for one today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
