Credit Cards

African Bank Gold Credit Card review: 60 days interest-free

The African Bank Gold Credit Card has everything you need; this review will show you how efficient it is. Earn 3% interest back on a positive balance!

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African Bank Gold Credit Card
African Bank Gold Credit Card review: 60 days interest-free. Source: Ok Save Money

You can get a Visa credit card to use everywhere with free swipes! So read this African Bank Gold Credit Card review to see how it works.

African Bank logo

African Bank Gold Credit Card: how to apply

If you want to apply for the African Bank Gold Credit Card, you have made a great decision. 60 days interest-free period and free swipes.

With a simple application process and convenient benefits, you can enjoy the practicality of having a good credit card. Then keep reading and learn more!

Min. Monthly IncomeNo minimum income requirement. However, African bank will review your bank statements;
Initiation FeeNot disclosed;
Monthly FeeR69;
Interest Rate60 days interest-free period. Then, the interest rate ranges from 15% to 27.50%;
RewardsCurrently, this African Bank credit card has no rewards program.

African Bank Gold Credit Card overview

Sometimes, all we need is an affordable and straightforward credit card. The African Bank Gold Credit Card will suit you well if that’s your case.

With no minimum income required, this credit card is very accessible or most South Africans. However, you still need to inform your source of income.

With no rewards program, the most impressive benefit you’ll get is life insurance. So you can navigate life with more peace of mind.

Also, the monthly fee is R69, and you have free swipes to use your credit card without paying for it.

Lastly, to manage your card account, you can access the African Bank website or download their app to control your finances fully.

African Bank Gold Credit Card main features

Photo of joyful nice woman using laptop and smiling while sittin
African Bank Gold Credit Card main features. Source: Adobe Stock

It might be a simple credit card but don’t underestimate it. Sometimes a credit card that goes straight o the point is all the benefit you need.

But every financial product has its pros and cons. Then see what we’ve found in this African Bank Gold Credit Card review.

Pros 

  • Easy to qualify, as there is no minimum income required, and everyone can be considered for the African Bank Gold Credit Card;
  • Credit life insurance and travel assistance;
  • Affordability: only R69 per month;
  • If your card gets lost, African Bank will assist you, blocking your card and even providing emergency cash;
  • Earn 3% interest if you have a positive balance;
  • Use your card for 60 days, paying zero interest.

Cons

  • This credit card offers no rewards or sign-up bonus of any kind;
  • Using the African Bank Gold Credit Card will cost you R5.75 per purchase.

Requirements needed to apply

There is no minimum income required for the application. You only need proof of residency and a payslip from the last 3 months.

In addition, if you apply at the physical branch, you can get your credit card immediately.

How to apply for the African Bank Gold Credit Card?

A straightforward credit card certainly has a straightforward application process. That’s the case with the African Bank Gold Credit Card.

So, if you’re interested in this Visa credit card, read the next content to learn how to apply for it.

African Bank logo

African Bank Gold Credit Card: how to apply

If you want to apply for the African Bank Gold Credit Card, you have made a great decision. 60 days interest-free period and free swipes.

About the author  /  Julia Bermudez

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