Apply of African Bank Credit Card

People are saying that African Bank Credit Card is convenient because it offers free access to many African Bank’s digital channels.

African Bank Credit Card is card designed specifically for people in Africa who want to use it to make purchases. It is also straightforward to use and allows you to manage your card anytime and anywhere. In addition, it offers a variety of different features, such as cash withdrawals, payments, and account management, which is convenient and easy to understand.

African Bank Credit Card is a credit card that has been around for a few years, and it is promoted as a credit card that gives generous cashback. If you are looking at this card and wondering if it is worth it, you should know that people have said that it is definitely worth it.

Rates and Fees of African Bank Credit Card

Annual Fee: The annual fee of African Bank Credit Card can go up to R51,00. This fee range is considered average knowing that African Bank Credit Card can give you tons of benefits that other high annual fee credit card issuers can do. 

Late Payment Penalty Fee: African Bank Credit Card didn’t disclose if they have any late payment penalties to people who forgot to pay their dues on time. Furthermore, it’s still best to avoid this to not hurt your credit scores. 

Returned Payment Fee: When it comes to the returned payment fee, African Bank Credit Card also didn’t disclose if they charge any credit card holders whenever they have an insufficient bank account if the time of reimbursement period comes. 

Foreign Transaction Fee: The foreign transaction fee of African Bank Credit Card can go up to R50.00 plus 1.50% of the total transaction. Meaning, whenever you wish to use African Bank Credit Card internationally, take this fee into account because it may not be good for frequent travelers. 

Interest Rate: It looks like African Bank Credit Card also didn’t disclose if they have any interest rates charged for every purchases. Furthermore, it’s better that you review all the terms and conditions before agreeing into anything. 

Other fees: Other fees associated with African Bank Credit Card includes the cashback point of sale which is R7.50 and declined transactions with ATM for a penalty of R6.50.

Qualifying for African Bank Credit Card 

Minimum Credit Score needed: The minimum credit score needed for African Bank Credit Card is average. Meaning, if you have a credit score between 500 to 680, you may be eligible for the card. 

Annual Income requirements: The annual income required to get an African Bank Credit Card is also not disclosed. However, the bank is known for their generous acceptance rate so it’s better to inquire even if you are not confident with your income. 

How to apply for African Bank Credit Card?

The African Bank Credit Card is a credit card that is available exclusively to African nationals. It is a credit card that is issued by a bank and its issued in collaboration with tons of major retailers. The card is available online, and the application can be done online.

To apply for a card, you just need to visit the website and complete the application. Once it is submitted, you will receive an email stating that your application has been received and you will then be contacted by the bank.

Final thoughts

The African Bank Card is a card that can be used to purchase goods and services, withdrawing cash, and as a means of payment. This card is a means of payment in several African countries. Take advantage of this card today and see the difference it can do to your financial trouble in day-to-day.