Learn more about African Bank Black Visa Credit Card and know how you can apply!
The African Bank Black Credit Card is a flexible and secure paying method. With a limit that goes up to R350,000.00, it is accepted worldwide and provides 62 days of interest-free credit on in-store and online purchases. You can also earn up to 3% interest on a positive balance.
It is a South African credit card that can be issued instantaneously at any branch of African Bank and adapted to your lifestyle! Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of African Bank’s Black Visa Credit Card?
- Your personalised embossed Card is issued instantly at any African Bank Branch;
- Accepted globally at all merchants and ATM’s displaying the Visa logo;
- Safer than carrying cash;
- Simply Tap, Dip or Swipe, then enter your PIN to complete any transaction;
- Online (Card Not Present) transactions are secure with participating merchants. An OTP (One Time PIN) will be sent to the cardholder to authorise the transaction;
- Cash withdrawals at POS (Point of Sale, or till points) at participating merchants, for example, Checkers, Shoprite, Spar and Pick n Pay;
- Set your own personalised transaction limits. (If you have not set your personalised limits, the African Bank discretionary default limits will apply);
- Up to 62 days interest-free credit on POS and online purchases, if you settle your outstanding balance in full by the due date;
- Customers can earn up to 3% interest on a positive balance;
- For peace of mind, the bank offers Credit Life Insurance for life’s unexpected insurable events (Death, Retrenchment benefits, Permanent disability, Short time cover, Temporary disability, Compulsory unpaid leave/temporary layoff);
- Earn points and trade them for different rewards with Audacious Reward.
How can I earn Audacious Reward Points with my Credit Card?
| Credit Card Usage | Audacious Reward Day | Request your Credit Report |
Credit Card Kick-start
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| Earn 1% back in points on your credit card purchases & online shopping | Earn double points when you use your card on the 20th of every month | Earn 1000 points for requesting an annual Credit Report |
Earn 8000 points for opening a new African Bank Credit Card and swiping 5 times within 30 days
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You can trade the points for benefits offered by their partners, in categories like: Airtime and Data, Groceries, Entertainment, Eating Out, Travel, and Education.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| Benefits like Credit Life Insurance and Audacious Reward |
Audacious Reward points can’t be used outside of the partners selected by the reward program |
| Internacional coverage |
2.75% of International Transaction Fee |
| Limit up to R350,000.00 |
Monthly Fee of R65,00 + Initiation Fee of R140,00
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How do I apply for the African Bank’s Black Visa Credit Card?
To be eligible for this credit card, all you need is to have a most recent proof of income and latest bank statement, be over 18, and have a decent to avail credit score. Here’s how it works:
The bank provides an online application process, allowing prospective cardholders to apply conveniently from their preferred device. So, access their credit card website and click on the “Apply Now” option. During the application, you must complete the form accurately, providing personal and financial details as required.
You will need the documents listed bellow:
- Proof of Identity: valid identification documents such as a South African ID card, passport, or driver’s license are typically required to verify the applicant’s identity;
- Proof of Income: applicants must provide proof of income, such as recent payslips or bank statements, to demonstrate their ability to meet credit card repayment obligations;
- Address Verification: proof of residential address, such as utility bills or bank statements, may be requested to confirm the applicant’s address.
The bank then will conduct a creditworthiness assessment to evaluate your credit history, income stability, and repayment capacity. This assessment helps determine the likelihood of credit card approval. Keep in mind that, the approved credit limit will also depend on it.