Credit Cards

African Bank Credit Card review

Are you interested in the African Bank Credit Card? Read our comprehensive review before you apply. We’ll talk about interest rates, fees and more to help you make the best decision for your wallet!

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African Bank Credit Card: Get up to 62 days interest-free credit on POS and online purchases!

African Bank Credit card
African Bank has excellent credit cards, including this one! Source: The Post New.

Are you looking for an easy way to manage your finances? Then check out this African Bank Credit Card review to learn about a fast and convenient solution to all your financial needs.

African Bank Credit card

African Bank Credit Card online application

Learn how to easily and quickly apply for the African Bank Credit Card online. Read our step-by-step guide on how to get started.

You can get a credit limit up to R250,000 and get that peace of mind you’re looking for. 

  • Requirements: To qualify for this card, you need to be over the age of 18, provide proof of income and your latest bank statement reflecting your last three salary deposits.
  • Initiation Fee: R120.00.
  • Monthly Fee: R50.00.
  • Rates: Personalised interest rates according to your credit profile, but they can get as high as 17.5% annually. 
  • Rewards: This card offers no rewards on purchases, but you can earn 3% interest per year when you keep a positive balance. 

The African Bank Credit Card offers safety features such as tap to pay and PIN technology. You’ll be able to manage your account on-the-go with a simple and intuitive mobile app, and make online purchases using an OTP (one time pin).

But this is just the beginning. This credit card from African Bank offers a series of perks and benefits to make your life much easier!

If you want to learn more about it, keep reading our African Bank Credit Card review below!

African Bank Credit Card: how does it work?

The African Bank Credit Card is a product designed to provide convenience and peace of mind to its users. While it’s not a rewards card, its features and benefits make it well worth your time.

There’s a low monthly maintenance fee of R50.00 and a one-time initiation fee of R120.00. You can get a credit limit as high as R250,000, and the bank periodically reviews your profile for potential increases.

The bank also offers personalised rates to match your budget.

You can use the card anywhere in the world where merchants accept Visa (with a R6.50 fee per transaction). You’ll also be able to take advantage of technologies such as tap to pay and a OTP for online purchases. 

With the African Bank Credit Card, you can get up to 62 days interest-free credit on physical and online purchases (terms apply). Plus, you’ll earn 3% interest every year when you keep a positive balance. 

Significant benefits and disadvantages you may find

African Bank Credit card
This credit card is full of valuable benefits. Source: Canva.

We’re here to help you make the right decision about your finances, so let’s dive in and have a look at all of the pros and cons associated with having this card below in our African Bank Credit Card review.

Benefits

  • Get up to 62 days interest-free credit on purchases;
  • Earn 3% interest per year when you keep a positive balance;
  • Have access to security features such as tap to pay and OTP;
  • Mobile and online banking to help you manage your account;
  • Get Credit Life insurance for added peace of mind.

Disadvantages

  • You’ll have to pay quite a few fees if you want to own this card;
  • The African Bank Card doesn’t offer rewards on purchases. 

Is a good credit score required for applicants?

African Bank does not disclose its credit score requirements. However, having a healthy score will surely improve your approval odds. It’ll likely give you a lower interest rate and a higher credit limit as well. 

Learn how to apply and get an African Bank Credit Card

Now that you’ve read our African Bank Credit Card review, it’s time to learn how to apply for it. To get all the details involved in the process, check out the following link. We’ll show you how you can request the card online and what to expect from the application.

African Bank Credit card

African Bank Credit Card online application

Learn how to easily and quickly apply for the African Bank Credit Card online. Read our step-by-step guide on how to get started.

About the author  /  Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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