How to Apply for African Bank Credit Card
African Bank was founded on 31 July 1975 by Sam Motsuenyane in Johannesburg, South Africa. The South African Reserve Bank authorizes and regulates its activities. The bank serves a diverse customer base, providing services such as personal banking, loans, savings and investments, credit cards and more. African Bank operates a network of more than 300 branches and employs over 4,000 people. This article aims to give information on how to apply for African Bank credit card (the Black Card), as well as information on rates and fees, benefits and features.
How to Apply for African Bank Credit Card
- Documents and eligibility:
- Most recent proof of income
- Latest bank statement, reflecting three months’ salary deposits.
- You must be over 18 to apply for a Credit Card
- You can apply through:
Features and Benefits of African Bank Credit Card
- 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 earn interest on a positive balance.
- For peace of mind to cover life’s unexpected insurable events, Credit Life insurance is required.
- Your personalised embossed Card is issued instantly at any African Bank Branch.
- Accepted globally at all merchants and ATM’s displaying the Visa logo.
- Using your Card is 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. Cardholder receives an OTP (One Time PIN) to authorise the transaction
Credit Card Fees
- Credit/ Monthly service fee: R65.00
- Card replacement fee: R130.00
- Initiation fees: R140.00
Note:
- All fees include 15% VAT. Interest rates are variable.
- You can apply for a credit limit increase if your credit card is up to six months from date of issue. This is subject to a credit assessment.
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