African Bank Black Credit Card: A robust solution for your financial needs with exclusive benefits
Designed to provide a secure and efficient financial experience, this card is an excellent option for those seeking access to premium financial services while maintaining convenience and safety.
In addition, its exclusive benefits, such as cashback and discounts at partner stores, make this card a smart choice for managing expenses, saving, and enjoying rewards.
If you are looking for a card that combines style, flexibility, and robust advantages, the African Bank Black Credit Card may be the ideal solution for you.
About the African Bank Black Credit Card
With this card, users have access to a flexible credit line, in addition to various benefits that make managing personal finances easier.
Among its differentiators are the ability to customize the credit limit based on your income and access to priority customer service.
Furthermore, the card is widely accepted across different platforms, allowing for local and international purchases, and it comes with several rewards programs that enhance the user experience even more.
Benefits and advantages of the African Bank Black Credit Card
This card offers several benefits and advantages that can significantly improve the financial experience of its users. Among the key features are:
- Cashback on purchases made at partner stores.
- Exclusive access to VIP events and experiences.
- Flexible credit management, adjusted according to your income.
- International purchases with full security and support.
- Travel insurance, ensuring protection during international trips.
- 24/7 emergency assistance, with priority support.
- Rewards program, earning points that can be redeemed for discounts and services.
- Special discounts at selected stores and partners.
These benefits make the African Bank Black Credit Card an attractive option for those looking to optimize their finances while enjoying a variety of rewards.
Fees and charges
One of the regular fees associated with this card is a monthly maintenance fee of approximately ZAR 40.00.
This fee helps to cover the administrative costs of managing the card and keeping the account active. Additionally, the card applies a withdrawal fee of about ZAR 3.50 per transaction when using ATMs.
It’s important to note that withdrawing cash can incur higher costs than making purchases directly with the card, so this fee should be considered when planning cash withdrawals.
For those using the card for international transactions, a foreign transaction fee of 2.75% is applied to each purchase. This fee covers the cost of converting currencies when making purchases outside of South Africa and is fairly standard for credit cards that offer international usage.
Cardholders should keep this fee in mind when traveling abroad or making online purchases in foreign currencies.
Minimum income
To qualify for the African Bank Black Credit Card, applicants are required to have a minimum monthly income of ZAR 7,000.00. This ensures that individuals who apply have the financial capacity to manage the credit line effectively.
If precise information on income requirements is unavailable, the South African minimum wage, currently around ZAR 4,500.00, can be used as a general reference.
However, individuals with a higher income are more likely to benefit from greater credit limits and more favorable terms.
Annual fee
An annual fee of ZAR 480.00 is charged for the African Bank Black Credit Card, which is spread out over the year in monthly installments for easier payment management.
This fee covers the array of exclusive services and benefits provided with the card, such as cashback, travel insurance, and 24/7 emergency assistance.
The annual fee is a common feature in premium credit cards, especially those offering a wide range of perks like the African Bank Black Credit Card.
Credit limit
The credit limit offered with the African Bank Black Credit Card is highly flexible and personalized.
It is primarily based on the applicant’s income and financial profile, ensuring that the cardholder is only extended credit they can comfortably manage.
If specific details about the credit limit are not readily available, it’s helpful to remember that most financial institutions set the limit according to the cardholder’s credit history, repayment ability, and current income.
How to apply for the African Bank Black Credit Card
Applying for the African Bank Black Credit Card is a straightforward process that can be completed either online or by visiting a branch. Here’s how to apply:
- Visit the African Bank official website or head to a nearby branch to begin the application process.
- Â Complete the online or in-person application form with your personal and financial details.
- Provide the required documents, including a copy of your ID, proof of residence, and proof of income.
- Submit the application and wait for the credit assessment, which typically takes up to 5 business days.
- Once approved, the card will be delivered to your address, ready for activation and use.
The African Bank Black Credit Card application process is designed to be user-friendly, and applicants can track the progress of their application through the bank’s customer service channels or online portal.
Contact African Bank
For any inquiries or assistance regarding the African Bank Black Credit Card, customers can easily get in touch with the bank through several channels:
- Phone: Reach the bank’s toll-free customer service line at 0800 123 456 for immediate support.
- Email: For non-urgent queries, contact the bank at [email protected].
- In-person: Visit the African Bank headquarters located at 59 African Street, Johannesburg, South Africa.
- Business hours: Customer support is available from Monday to Friday, between 8 AM and 5 PM.
African Bank takes pride in offering accessible and reliable customer service, ensuring that cardholders can receive the assistance they need whenever required.
The African Bank Black Credit Card is an excellent option for those seeking not only flexible credit but also a range of exclusive services and benefits.
Whether it’s for international purchases, cashback at partner stores, or access to travel insurance, this card provides a robust and reliable financial experience tailored to the needs of modern consumers.