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African Bank Black Credit Card: Conditions and main benefits

Maximize Your Financial Power with the African Bank Black Credit Card – Exclusive Perks and Flexibility

Tailored for individuals seeking more than just a regular credit card, the African Bank Black Credit Card is perfect for those who value exclusivity, flexibility, and enhanced perks. With competitive rates and exclusive rewards, it enables you to manage your finances effortlessly while enjoying top-tier benefits.

This credit card combines the best of both worlds: flexibility in credit usage and perks that cater to your lifestyle. Whether you travel frequently or prefer to earn rewards on everyday purchases, the African Bank Black Credit Card provides you with an elevated experience.

About the African Bank Black Credit Card

The African Bank Black Credit Card is an elite credit solution tailored to offer premium benefits to its holders. This card not only helps you manage your finances but also provides a series of exclusive perks that make it stand out in the market.

It is designed for individuals who seek more than just a basic credit card. With its unique benefits, cardholders can enjoy flexibility, security, and a range of rewards that enhance their lifestyle.

African Bank ensures that this credit card is accompanied by advanced tools that help you manage your finances efficiently.

Benefits and Advantages of the African Bank Black Credit Card

The African Bank Black Credit Card delivers exceptional benefits that set it apart from standard credit cards. Explore the key advantages of this premium card here:

  • Comprehensive Spending Control: Keep track of all your transactions and expenses through the African Bank Mobile App, giving you more control over your finances.
  • Exclusive Rewards: The African Bank Black Credit Card gives you access to exclusive rewards and cashback programs, where you can earn points on every purchase and redeem them for travel, dining, or shopping.
  • Secure Transactions: Enjoy peace of mind with robust security features, including fraud protection and advanced encryption for online purchases.
  • Low Interest Rates: Benefit from competitive interest rates that are tailored to your credit profile, ensuring that you can manage your balances without paying excessive fees.
  • Global Acceptance: The African Bank Black Credit Card is accepted worldwide, making it a reliable companion for both domestic and international transactions.
  • Exclusive Access: Cardholders receive special access to premium events, travel deals, and lifestyle benefits that are designed to elevate your credit experience.
  • Cash Advance: In need of urgent cash? The card allows you to withdraw cash from ATMs, giving you access to your credit in emergencies.
  • No Annual Fee: Enjoy the benefits of the African Bank Black Credit Card with no annual fee, provided you meet specific usage criteria.

Fees and Charges

The African Bank Black Credit Card provides a transparent fee structure, allowing cardholders to manage their finances effectively.

The interest rate on the card is highly competitive, typically ranging from 15% to 18% annually, depending on your creditworthiness. This ensures that you have access to credit at reasonable costs.

For cash withdrawals, a fee of 2.5% is charged, with a minimum fee of 50 ZAR per transaction. Additionally, international transactions carry a currency conversion fee of 2.75%, allowing you to make global purchases with ease.

It is also important to note that the card comes with an inactivity fee of 30 ZAR if it has not been used for 12 months, encouraging regular usage to avoid extra charges.

Minimum Income Requirement

To qualify for the African Bank Black Credit Card, applicants need to have a minimum monthly income of 7,500 ZAR.

This income requirement ensures that cardholders have the financial capacity to responsibly manage the exclusive benefits and features of the card.

However, African Bank may adjust this requirement based on individual credit assessments, so it’s essential to verify this when applying.

Annual Fee

The African Bank Black Credit Card offers flexibility with its annual fees. If you meet the spending threshold of 5,000 ZAR per month, you can enjoy the card without any annual fees.

Otherwise, an annual fee of 500 ZAR will apply, which is billed in monthly installments of 41.67 ZAR. This ensures that you get the most out of your card while keeping costs manageable.

Credit Limit

The African Bank Black Credit Card offers a credit limit that is personalized based on your income and financial situation. African Bank allows cardholders to request an increase or decrease in their credit limit through the bank’s app or by contacting customer service.

The limit is evaluated based on your creditworthiness, ensuring that you receive a limit that fits your spending capacity and financial profile.

How to Apply for the African Bank Black Credit Card (Step by Step)

Applying for the African Bank Black Credit Card is a straightforward process that can be done online or by visiting any African Bank branch.

Here is a simple guide to help you through the application:

  1. Visit the African Bank website or open the African Bank Mobile App to start the application.
  2. Complete the online application form, providing your personal information, including your income, identification details, and proof of residence.
  3. Submit the required documents, which include copies of your ID, proof of income, and proof of address.
  4. Wait for the credit assessment to be completed, which typically takes 24 to 48 hours.
  5. Receive your card once your application is approved. The card will be delivered to your address, and you can activate it via the mobile app or by contacting customer service.

Contact African Bank

Should you require more information or help with the African Bank Black Credit Card, you can get in touch with African Bank’s customer service through these channels:

  • Phone: 0861 111 011 (available Monday to Friday, 8 am to 5 pm)
  • Email: [email protected]
  • Website: www.africanbank.co.za
  • African Bank Mobile App: Available for download on Android and iOS devices.

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