African Bank Gold Credit Card review: low monthly account cost
Read this African Bank Gold Credit Card review and see how you can get discounts and earn cash back with this card.
Get discounts, cashback, travel and insurance advantages with this credit card
With this card, you will get a number of lifestyle advantages. Plus, incentives on purchases, and preferential rates at Bidvest airport lounges. This is our African Bank Gold Credit Card review.
- Credit Score: Not specified
- APR: Not specified
- Monthly Fee: R23.00
- Fees: Minimum outstanding balance of 3% of utilized credit per month, 2.75% foreign transaction fee
- Welcome bonus: N/A
- Rewards: Cashback
The African Bank Gold Credit Card is an excellent option for frequent travelers who like to get rewarded for their spending and need a high credit limit.
The card offers you the chance to get a really high credit limit for only a R23.00 monthly account fee.
African Bank Gold Credit Card: how does it work?
The African Bank Gold Credit Card is a top-tier credit card that offers a range of benefits to its users. With a low monthly account fee of R23.00 and a credit limit of R90,000.00, it is a competitive option on the market.
The card also comes with a minimum income requirement of R4000.00 and a minimum outstanding balance of 3% of utilized credit per month.
One of the main advantages of the African Bank Gold Credit Card is its flexibility and convenience for use both locally and internationally.
Cardholders can make transactions online and in-store using the card’s innovative Tap to Pay technology, and there is a 2.75 percent transaction fee for use outside of South Africa.
The card also offers a range of lifestyle benefits, including discounts and cashback incentives on certain purchases. The card also offers travel advantages such as preferential rates at Bidvest airport lounges.
It also comes with automatic basic travel insurance of R1,500,000.00 for those who purchase their plane tickets using the card.
In addition to these benefits, the African Bank Gold Credit Card also comes with lost card protection in case it is misplaced or stolen.
It also includes credit life protection, ensuring that outstanding credit does not affect the cardholder’s family in the event of death, terminal illness, or permanent disability.
Overall, the African Bank Gold Credit Card is a solid choice for those looking for a credit card with a competitive credit limit, global acceptance, and a range of lifestyle and insurance benefits.
Its 57 days of interest-free credit on purchases and fixed monthly payments make it a convenient option for budgeting and financial planning.
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Significant benefits and disadvantages of the African Bank Gold Credit Card
Now that you are familiar with this card’s details, let’s have a look at its pros and cons. Our African Bank Gold Credit Card review would not be complete without it.
- Low monthly account fee
- Accepted globally
- Lifestyle and travel benefits
- Credit life protection
- R4000.00 minimum income required
- International transaction fee
- Minimum outstanding balance payment required
Is a good credit score required for applicants?
The African Bank Gold Credit Card does not have specific credit score requirements. However, the minimum income it requires from applicants is R4000.00.
Learn how to apply and get a African Bank Gold Credit Card
If you like what you have seen in this African Bank Gold Credit Card review, you might want to take the next step and apply for this card. If that is the case, click the link below, and we are going to show you how to do it.
About the author / Danilo Pereira
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