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About – African Bank
At many times the African Bank has managed to give its customers a valuable service which can be ranked next to none. With us, every day is a special day, and our clients will need to have something special on offer.
This is why the bank designed for what is affectionately known as the Gold Credit Card. The credit card is so called this because it offers golden opportunities and unlocks the client’s ability to experience financial freedom from the world of banking.
The African bank credit card is more than a credit facility, let’s look at what it offers
WHAT DOES THE AFRICAN BANK CREDIT CARD GIVES YOU?
If one needs to experience real financial freedom from the banking services in South Africa, then the African Bank’s golden credit card is the best option.
The credit system gives the client access to large sums of money, allowing them to take long periods to repay with no interest charges or penalties. The credit cards come with a 60-day interest-free grace period. This is where applicants can have large sums of credit, which will be depending on their credit scores determined from their banking history.
The card allows clients to make cash withdrawals at ATMs to amounts that reach R4 000 per day. Alternatively, clients can make withdrawals of up to R5 000 daily at the tills.
DOES THE CREDIT CARD ALLOW ONLINE SHOPPING?
The African Bank credit cards are the best deal for all your shopping needs be it online or physical shopping activities.
The Card will allow holders to make secured payments at online portals. At the same time giving you the privacy, you need on your shopping activities.
The African Bank golden credit card is the promise we made to our clients, its services will not see the applicants failing to process their transactions. It is one of the services which our clients always applaud us for.
WHAT ARE THE COSTS INVOLVED WITH THE CREDIT FACILITY?
The costs involved in the African Bank credit card are similar to those of other banks, but they can be nothing when one compares with the services that we issue.
The credit card comes with a once-off activation fee, and this is the initial payment made by an applicant when joining the credit facility, it is only paid at the time of joining.
The Golden Credit card also come with service fees, and these are monthly payments made to service the credit which the applicant has been granted with. Interest charges will only be levied to accounts that fail to be repaid within the 60-day grace period. The rates will vary depending on the number of days the client take to repay.
WHAT HAPPENS ON NATURALLY CAUSED DEFAULTS?
In addition to the charges made above, that there is 5.4% per annum insurance charge which will be used to cover the credit facility in times of naturally caused defaults.
That means if the principal holder of the card come across situations like permanent injuries, death or retrenchment, there will be no need for the client to be held liable.
The insurance will cover the remaining debt in full, giving you peace of mind.
WHAT MAKES THE AFRICAN BANK CREDIT CARD DIFFERENT?
At all times, the bank will give you more reasons to opt for its credit card facility.
African Bank can reward you for honouring your repayments, on all the prompt payments you make we will give you 3% interest per year.
This is an awesome move which is exactly being paid for taking credit, with us you will always have a memorable experience.
The credit card facility is specially made to address the convenience needs of the applicants who have cyclical incomes like salaries.
It can be obtained by working South African residents who receive their salaries through the bank, and these should be above the age of 18 before making an application.
The applicants will be required to submit the following documents during the application phase.
- A proof of residence not older than three months
- Three consecutive pay-slips from the past three months
- Bank statement that covers the last three months
- National identity document
Applying with African Bank?
The African bank has made the credit card application an easy procedure for applicants. Prospective credit card holders can secure their application on our online application portal.
The application requires clients to fill their personal and financial related information before submitting scanned copies of their documents. During the application, some confirmations will need to be done through the applicant’s phone to ensure a higher level of security.
After that, the applicant will receive a call from one of our consultants who will give directions on the submission of documents and collection of the smart card.