Apply for an African Bank credit card, reviewed by our experts. On 17.02.2025, you have access to credit cards options. Increase your chances of approval by filling out a multi-application with a free credit rating check.
Update 29.10.2024
African Bank offers a variety of credit cards designed to meet diverse financial needs, featuring benefits such as earning up to 3% interest on positive balances, flexible repayment options, and an interest-free purchase period of up to 62 days. With tailored credit limits, enhanced security through OTP (One-Time PIN) for online transactions, and instant issuance available on select cards, these cards are practical for both local and global use. Clients can easily compare the options and select the card that best aligns with their financial goals and lifestyle.
Key Features
Earn Interest on Positive Balances. Clients can earn up to 3% interest annually on positive balances maintained on their credit cards, providing an additional benefit for responsible credit management.
Up to 62 Days Interest-Free. Cardholders can enjoy up to 62 days of interest-free purchases, provided the full balance is settled by the due date, offering a valuable feature for those who consistently pay off balances on time.
Debit Interest Rate. After the interest-free period, any outstanding balance on African Bank credit cards will accrue interest. The rate is determined individually based on the agreement and financial profile, with a maximum cap of 20.5% annually. This rate may be adjusted based on changes in credit profile or broader market conditions.
High Credit Limits. African Bank offers credit limits of up to R350,000 based on affordability and creditworthiness, allowing for substantial financial flexibility.
Instant Issuance. Certain cards, such as the Black and Gold credit cards, offer instant issuance at any African Bank branch, enhancing convenience for those needing quick access to funds.
Secure Online Transactions. All African Bank credit cards are equipped with advanced security features like OTP, ensuring safe and secure online purchases.
Credit Cards Offered by African Bank
Black Credit Card. Provides up to 62 days of interest-free purchases, 3% interest on positive balances, and high credit limits up to R350,000. Unique for its instant issuance at any branch and worldwide acceptance.
Blue Credit Card. Tailored for local use, offering basic functionality with a low monthly fee and the same interest on positive balances, but without high credit limits or extensive travel options.
Silver Credit Card. A versatile option with essential features for responsible credit usage, earning 2% interest on positive balances and allowing customized spending limits. Ideal for everyday transactions with manageable fees.
Gold Credit Card. Combines high spending limits with added protection, such as purchase insurance and an extended warranty. It includes a 60-day interest-free period and offers 3% interest on balances.
Platinum Credit Card. Focused on premium services with enhanced support options, providing an interest-free spending period, high limits, and 0% interest on positive balances.
Pros and Cons
Pros
Convenient Application Process. African Bank’s straightforward application and immediate issuance process simplify getting started with a credit card.
Transparent Spending Control. Tools and alerts for tracking spending allow cardholders to better manage budgets and spending limits.
Accessible Payment Options. Payments can be made through flexible options, including mobile, online, and in-person, accommodating various preferences and schedules.
Cons
No Cash Back or Traditional Rewards. Unlike some banks, African Bank does not offer cash back or rewards on everyday purchases, which may limit the appeal for reward-focused users.
International Transaction Costs. Additional fees on international purchases may make these cards less ideal for frequent travelers or those with significant international spending.
Potential for High Variable Rates. Since rates on borrowed balances vary by individual agreement, cardholders might face higher interest rates depending on their specific terms.
How to Choose an African Bank Credit Card?
Identify Your Primary Goal. Each African Bank credit card suits different spending habits. If you seek to earn interest on positive balances, the Black, Gold, or Silver cards, which offer up to 3% interest, may be ideal. For occasional spending with low fees, the Blue Credit Card is an affordable option.
Consider Spending Flexibility. If higher credit limits for larger purchases are needed, the Black Credit Card, with limits up to R350,000, offers both robust security and spending capacity. For moderate, daily use, the Gold or Silver card provides manageable limits with lower fees.
Evaluate Interest-Free Period Needs. The Black and Gold cards provide up to 62 days interest-free on purchases, making them suitable for those who plan to pay off balances in full each month, helping avoid additional interest costs.
Check for Convenience and Speed. For immediate access, the instant issuance feature of select cards like the Black, Gold, and Platinum ensures quick availability at branches. All cards are also secure for local and global online transactions with OTP verification.
Balance Cost and Benefits for Regular Use. The Blue Credit Card offers a budget-friendly solution with essential features and low monthly fees, while the Silver card balances moderate fees with added benefits, including online and in-store functionality and spending limits.
How to Apply for an African Bank Credit Card?
Apply Online via the Website. Go to the African Bank website on a computer, navigate to the credit card section, and select your card. Click "Apply Now" and complete the form with your personal details.
Use the African Bank App. Download the African Bank App, register or log in, and find the credit card application section. Complete your details and upload the required documents directly through the app.
Double-Check Application Information. Review all entries before submission to ensure accuracy, especially contact and financial details, to prevent delays.
Submit Your Application. Submit online or via the app. African Bank will confirm your application’s review status and notify you if approved.
In-Branch Application for Immediate Issuance (Optional). For urgent needs, visit an African Bank branch to complete the application in person. Bring your original documents for verification.
Wait for Approval. African Bank will process the application and notify you upon approval, after which you can arrange to pick up the card or have it mailed.
Activate Your Card. Follow African Bank’s activation instructions, which may include calling customer service, activating online, or visiting a branch.
Eligibility Requirements
Residency. South African residents with a valid ID are eligible.
Age. Applicants must be 18 or older.
Income. A regular, verifiable income is required, ideally reflected in recent bank statements.
Creditworthiness. African Bank assesses credit profiles to determine eligibility and suitable credit limits based on credit history and debt-to-income ratio.
Documents Required. Proof of income (e.g., recent payslips), a South African ID, and recent bank statements showing income deposits are required.
Reasons You May Be Denied
Insufficient Credit History. African Bank requires a positive credit history for an accurate assessment of creditworthiness.
Low Credit Score. Although no specific minimum score is mentioned, a low score or poor history may affect approval.
High Debt-to-Income Ratio. If a significant portion of income is already committed to debt, this could indicate risk in managing additional credit.
Incomplete or Inaccurate Application. Missing or incorrect information may lead to rejection, so careful review is essential.
Unverified Income. Incomplete or inaccurate income documentation may indicate an inability to meet obligations.
How to Pay Off African Bank Credit Card Debt
Online via African Bank Website. Log in to African Bank internet banking, go to "Payments," add your credit card, and enter payment details to confirm.
Using the African Bank Mobile App. Log in, navigate to "Payments," add your credit card as a recipient, enter details, and confirm for one-time or recurring payments.
Debit Order Authorization. Set up a debit order to automate payments at a branch or through customer support.
In-Person at African Bank Branch. Visit a branch to pay in cash or by debit card; branch consultants will assist with processing.
Payments at Retailers. Make payments through affiliated stores like Shoprite, Checkers, or Pick n Pay using your credit card’s EasyPay or Pay@ number, allowing for convenient in-store payments.
Editorial Opinion
African Bank’s credit cards offer practical benefits, like interest on positive balances, flexible limits, and quick in-branch issuance, making them convenient for everyday use. While they lack cash-back rewards and add fees for international transactions, the cards excel in core features and are ideal for clients looking for straightforward, cost-effective credit solutions. The variety of options means there’s a card to suit different spending needs, but those seeking extensive rewards may find the offerings limited.
Can I upgrade my African Bank credit card to a different type if my financial needs change?
Yes, African Bank allows cardholders to upgrade to a different credit card type if their financial needs change. Contact customer support or visit a branch to discuss the requirements and eligibility for an upgrade based on your credit profile.
Does African Bank offer balance transfer options on their credit cards?
African Bank credit cards currently do not include specific balance transfer promotions. However, you may contact the bank to inquire about any existing offers or options for managing debt across accounts.
How often does African Bank adjust the interest rates on credit cards?
African Bank may adjust credit card interest rates based on changes in your credit profile or shifts in the broader financial market. Clients are typically notified in advance of any rate changes, as stated in their credit agreement.
Can I use my African Bank credit card to build or improve my credit score?
Yes, making timely payments and keeping your balance under control with an African Bank credit card can positively impact your credit score. Responsible card use can help establish or improve your credit profile over time.
What should I do if my African Bank credit card is lost or stolen?
In case of loss or theft, immediately contact African Bank’s customer service to report it and prevent unauthorized transactions. The bank will assist you with blocking the card and issuing a replacement to ensure your account security.
