African Bank Credit Card full review: should you get it?
Discover one of the most relevant credit card options in the South African market: African Bank Credit Card. In addition to great credit service, it has life insurance and more!
African Bank Credit Card: go interest-free for up to 62 days!
Indeed, the African Bank Credit Card is a consolidated credit card option in the South African market.
For many, this black card is synonymous with status. However, this one has much more than a pretty appearance. To learn more, see the review below:
|Interest Rate||62 days interest-free;|
African Bank Credit Card: learn more about this financial product
Indeed, to take care of your money, it is better to rely on consolidated banks in the market. So, anyone looking for credibility should count on Africa Bank.
This bank’s Black card gives you the security you need for your money. In addition, you can transact it at any ATM with the “Visa” logo.
This product also offers great life insurance, with disability coverage, unpaid leave, short-term coverage, and much more. This is much more useful than saving your money the old-fashioned way.
After all, you can access it anytime and see it yield a 3% fee. Finally, your card management can be done remotely through a mobile app.
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African Bank Credit Card features
Before continuing our review, see the lists below. To assemble them, we have selected this card’s main advantages and disadvantages.
So you can get an overview of what to expect if you become a customer:
What are the benefits?
- Stay interest-free on purchases for up to 62 days (two months!);
- Keep your money safe and watch it pay off at a rate of 3%;
- Good credit limit (up to R250,000) that can be increased within six months of using the card;
- You can manage all the functions of your credit card from your mobile through the mobile app.
And what are the drawbacks?
- This card does not offer any rewards or cashback program;
- Pay R50.00 per ATM withdrawal outside the country with an increase of 1.5% of the withdrawal amount;
- Pay a deposit fee of R6.25 for each deposit (if the amount in a single trade is greater than R250, 2.75% of the deposit amount will be added to your fee);
- The site does not offer advance estimates of what interest rate you can access.
What credit score do you need to get the African Bank Credit Card?
Indeed, this card’s website does not require a minimum credit score for its applicants. However, this score will be important in your application and will be used to calculate your interest rate.
Therefore, we recommend you have a credit score of at least 650 to gain access to better rates and a better chance of being accepted.
How does the African Bank Credit Card application process work?
You can apply for this card without leaving your home. Read our post below to learn all about the application process!
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