African Bank Credit Card: Unlock Flexibility and Potential Purchases

Looking for a credit card with a generous interest-free period and a high credit limit? The African Bank Credit Card might be tempting.

With a generous 62 days interest-free period and a credit limit of up to R350,000, with the African Bank Credit Card, you can make purchases big and small without having to worry about immediate repayments.

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Know before you apply

There are a few additional fees to consider alongside the benefits of the African Bank Credit Card. There’s a monthly service fee of R65.00 and a one-time initiation fee of R140.00 to get started.

On the positive side, the card offers the opportunity to earn some extra cash. You can accrue up to 3% interest on any positive balance on your African card.

Finally, it’s important to note that Credit Life insurance is mandatory with this card. This insurance provides peace of mind by covering unexpected insurable events that might impact your ability to make repayments.

– Never share your card details (number, PIN, CVV) with anyone, including bank employees. – Memorize your PIN and avoid writing it down. – Always enter your PIN for swipe, dip, and contactless transactions. – Reclaim your card after every transaction and keep it secure. – Online transactions require a one-time PIN (OTP) for added security.

Report a lost or stolen card immediately. Here’s how: – In South Africa: Call 0861 000 555, +27 11 256 9988, dial 120225# on your phone, visit their website, or use the app. – Traveling abroad: Call +27 (11) 256 9988 or Visa Global Customer Assistance Service on collect (USA) at (1) – 410 – 581 – 3836.

If you’ve had your card for 6 months or more, you may be eligible for a credit limit increase. To apply: – Visit a branch and speak to a consultant. – Apply online at https://www.africanbank.co.za/. – Use the African Bank app. – Dial 120225# on your phone. – Call 0860 333 004.

Yes, there are international transaction fees: – A 2.75% conversion fee is added to all transactions. – International card-not-present transactions are capped at R50,000. – Specific fees apply to POS purchases, ATM balance inquiries, and cash withdrawals (including a 1.5% transaction fee).

Coverage varies depending on your age: – Pensioners: Covered for death. – Non-pensioners: Covered for death, permanent disability, temporary disability, retrenchment, short-time cover, and compulsory unpaid leave.

African Bank Credit Card perks got you interested?

Applying is a breeze! Our article walks you through the online application step-by-step. Get started and unlock the card’s full potential!

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Exploring other options?

Consider the Standard Bank Gold Card: extended interest-free period (over 55 days!), rewards program (earn points on purchases!), and wider credit limit options compared to African Bank.

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