How to Apply for your African Bank Black Credit Card
The African Bank Black Credit Card has several benefits which makes it an attractive option. Is an appropriate fit for the higher income earner and offers generous credit limits which can be easily monitored and controlled.
The card opens up a world of secure online and in store, local and international payments. Not only that but numerous qualifying purchases get up to 62 days interest free and there are no transaction fees on purchases.
There are many other benefits to this card including:
- Personalized embossed card issued instantly at any African Bank branch.
- Accepted globally at all Visa merchants.
- Simply tap, dip, or swipe, then enter your PIN to complete any transaction.
- Online transactions are secure with participating merchants.
- Cash withdrawals at participating merchants’ POS.
- Set your own personalized transaction limits.
- Receive up to 62 days of interest-free credit.
- Earn interest on a positive balance.
- Credit Life insurance is available on request.
Prerequisites
In order to get and enjoy the African Bank Black Credit Card, you must be at least 18 years of age, be a holder of a valid South African ID book or Smart card.
Also present proof of residence and last proof of income for three consecutive months.
Finally, the issuance of the card is subject to an affordability assessment.
More about African Bank
At African Bank the stories of ordinary people take an extraordinary meaning. For this reason, the multiple products and services on offer have been created with those stories in mind; with the express aim of making those stories come alive.
From a wide pool of organisations in 121 regions across five continents, African Bank emerged as the best employer in South Africa as determined by the Top Employers Institute. Without doubt, this award speaks volumes because the happiness of the organisation and the teams inside of it have a direct impact on their delivery to the public.
The bank’s values emphasize a commitment to open and honest communication in all interactions, whether written or verbal. They value different perspectives and ensure their own views are expressed respectfully. They take accountability for their actions and accept responsibility for their outcomes. Transparency is key, as they disclose the results of their activities and consistently fulfill their promises. They stand by their words and follow through with their actions.
It stands African Bank in good stead and with products like the African Bank Black Credit Card on offer, the sky’s the limit.
Who is this card for?
The African Bank Black Credit Card is a top tier card for higher end income earners. The limits offer a lot of financial muscle and the benefits lend themselves to the lifestyle of the prospective holders.
Given the high levels of assistance on offer, the African Bank Black Credit card is good for service conscious customers who are in need of round the clock access to superior banking services and a customised experience.
How to apply for the African Bank Black Credit Card
Having considered and met the eligibility criteria for the card, you can apply online. You must fill in the personal data requested by the bank and send the credit card application.
Review of the card
Positive and negative points
With this card you are in total control of your profile. Using the app you can check your available balance any time, in any location, make payments on your Credit Card online, get a statement, paid-up letter, settlement quote, tax certificate in 1 easy step respectively.
You can also stop a Card, reactivate a stopped card, view or change limits in 3 easy steps. You are able to access your free credit report every month which is handy for effective credit profile management. This points to unparalleled convenience.
Positive points:
- Personalized service: The bank offers personalized embossed cards that are issued instantly at any African Bank branch, providing immediate access and convenience to customers.
- Interest on positive balances: Customers can earn up to 3% interest on positive balances, which encourages savings and responsible financial management.
- Comprehensive digital banking: The bank provides robust online and mobile banking platforms, allowing customers to manage their accounts, make payments, and perform transactions conveniently from anywhere.
Negative points:
- Service fees: The account comes with several fees, including a monthly service fee, a card replacement fee, and an initiation fee), which might be considered high by some customers.
- Variable interest rates: The interest rates are variable, which means they can change, potentially leading to higher costs for borrowers.
- Adjustable fees and discounts: All fees, interest rates, and discounts can be adjusted or withdrawn by the bank at any time, creating uncertainty for customers regarding their ongoing costs.
Tariffs
Account and card fees, know the main ones.
The monthly service fee is R65.00, the card replacement fee is R130.00, and the initiation fee is R140.00. All fees include 15% VAT. Interest rates are variable. Please note that all fees and interest rates may be adjusted, and any discounts may be changed or withdrawn by African Bank at any time, with written notice to the cardholder.
These adjustments are made in accordance with the National Credit Act 34 of 2005.
Contact
There are numerous ways to receive support including dedicated telephone lines on 011 207 4500. One can email [email protected] or visit a branch near them.
To find a branch nearby, one can visit here and search based on their preferred branch whether it is close to work or homeOther contacts can be found here.
Report a lost or stolen credit card by calling 0861 000 555 or +27 11 256 9988. You can also use Cellphone Banking by dialing *120*225# from your cell phone.