The African Bank Black Credit Card offers numerous benefits for those seeking flexibility and security. With global Visa acceptance, it provides the convenience needed for both international and local purchases.
A key feature is the ability to postpone payments for up to 62 days without interest. This allows you to manage your finances more effectively.
Additionally, you can earn interest on a positive balance, ensuring your money works for you. Continue reading to discover more about how this card can enhance your financial life.
About the African Bank:
African Bank is a renowned financial institution in South Africa, known for its commitment to innovation and customer service excellence. Founded in 1975, the bank offers a wide range of financial products, including loans, savings, and credit cards, catering to the diverse needs of its clients.
The mission of African Bank is to empower its customers through accessible and effective financial solutions. The bank continually invests in advanced technology and security to ensure all transactions are protected and efficient, providing peace of mind to its users.
Additionally, African Bank is dedicated to social responsibility, supporting various community initiatives and educational programs. This commitment is reflected in its customer-centric approach, always striving to offer high-quality services and contribute to the sustainable development of the communities it serves.
Card Benefits
Global Visa Acceptance: The African Bank Black Credit Card is accepted at millions of locations worldwide, making it an ideal companion for both international and local purchases. Whether you’re traveling abroad or shopping at home, you can rely on the card for seamless transactions wherever Visa is accepted.
Interest-Free Period: Enjoy the flexibility of postponing payment for your purchases for up to 62 days without accruing any interest. This extended interest-free period allows you to manage your cash flow more effectively, providing the financial breathing room needed to cover unexpected expenses or to make larger purchases without immediate repayment pressure.
Earn Interest on Positive Balance: With the African Bank Black Credit Card, maintaining a positive balance means you can earn interest on your money. This feature ensures that your funds are continuously working for you, offering a unique opportunity to grow your savings even while you use your credit card for everyday transactions.
Secure Online Transactions: The card incorporates advanced security technology to safeguard your personal information and ensure that your online transactions are protected. With robust fraud prevention measures and secure encryption, you can shop online with confidence, knowing that your sensitive data is secure.
Flexible Payment Options: The African Bank Black Credit Card provides a variety of flexible payment options to suit your financial needs. Whether you prefer to pay your balance in full each month or spread out payments over time, the card’s payment flexibility helps you manage your finances with ease and convenience.
Customer Service: Access to dedicated customer service ensures that you have support whenever you need it. Whether you have questions about your account, need assistance with transactions, or require help resolving issues, the responsive customer service team is there to provide prompt and helpful solutions.
African Bank Black Fees and Commissions
The African Bank Black credit card offers several financial benefits at a competitive cost. It has an annual fee of $999.00 and provides personalized transaction limits with interest-free periods. Each cash withdrawal incurs a $10.00 fee. The card also includes a monthly service charge of R65.00 and an initiation fee of R140.00.
For bill payments made through the credit card facility, there is a $10.00 fee per transaction, highlighting the importance of effective transaction management. Additionally, the fee for replacing the card is R130.00. These fees are designed to balance affordability with a wide range of benefits, aiding in better financial management and security.
Please be aware that these fees are subject to change. For the most current fee structure, regularly check the African Bank website.
Positive points
- Global Acceptance:The card is accepted at millions of locations worldwide, providing convenience for international and local transactions.
- Interest-Free Period:Offers up to 62 days interest-free on purchases, allowing better cash flow management.
- Earn Interest on Positive Balance:Allows you to earn interest on a positive balance, maximizing your financial benefits.
Negative points
- High Annual Fee:The card comes with a high annual fee of $999.00, which may not be affordable for all users.
- Transaction Fees:Cash withdrawals and bill payments incur additional fees, such as $10.00 per transaction, which can add up over time.
- Service and Initiation Fees:Includes a monthly service fee of R65.00 and an initiation fee of R140.00, adding to the overall cost of maintaining the card.
Credit card limit
The credit limit for the African Bank Black card is customized according to the applicant’s financial profile. This personalized limit is determined through a thorough analysis of the applicant’s income, credit history, and other financial details provided during the application.
To find out your specific credit limit, you need to complete the application process and wait for the bank’s assessment. This approach ensures that the credit limit is suited to the individual’s financial needs and capacity.
How to apply for African Bank Black
- Visit the African Bank Website:Navigate to the official African Bank website and locate the section for the Black Credit Card.
- Complete the Online Application Form:Fill out the online application form with your personal details, including your name, contact information, and financial information. Ensure all information provided is accurate and up-to-date.
- Submit Required Documents:Upload necessary documents such as proof of income, identification, and any other required financial documents. These documents help the bank assess your eligibility and financial profile.
- Review and Submit:Review your application to ensure all details are correct, then submit the form.
How to contact African Bank
You can get in touch in several ways:
- Phone: South Africa: 0861 111 011 / International: +27 11 256 9988
- Email: [email protected]
Unlock the full potential of your financial future with the African Bank Black Credit Card – Apply and experience unmatched security, flexibility, and rewards!
