African Bank Silver Credit Card affordable option with R69 monthly fee and low interest for South Africans
A no-frills African Bank Silver Credit Card with R69 a month, low interest and 60 days interest-free grace for everyday South African budgets
Overview
The African Bank Silver Credit Card is a practical, no-frills credit option for South African consumers who want reliable plastic without unnecessary extras. With a low R69 monthly fee and competitive low interest bands, this card is built around everyday affordability and predictable costs for households and young professionals across South Africa.
This card gives you a clear value proposition: 60 days interest-free grace on purchases when you settle the statement balance, free SMS transaction alerts, and straightforward acceptance across Visa merchants. For folks watching budgets, the African Bank Silver Credit Card is easy to understand and simple to manage.
Features and Costs
Key features include an R69 monthly fee, cash withdrawals up to R4,000 at ATMs, and international transaction fees kept reasonable. Interest rates are positioned to be low compared with many store cards, and consistent on-time payments may even lead to interest rate reductions over time for responsible customers.
The card also offers optional credit life cover and travel assistance, free online registration via Connect Online, and emergency cash if you need a blocked-card replacement while travelling. These practical extras keep day-to-day costs down and support financial resilience in common South African scenarios.
How to Apply and Eligibility
Applying for the African Bank Silver Credit Card is straightforward: complete the online application on African Bank’s site, visit a branch with your ID and payslips, or call customer service to start. Typical requirements include being 18 or older, earning a minimum monthly income (usually around R2,500), and supplying three months of payslips and bank statements showing salary deposits.
Turnaround is quick for applicants who meet documentation rules, and many South Africans can be approved the same day or within a few business days. If you use the card responsibly for a few months, you can request a credit limit increase via phone or online, subject to a quick affordability review.
Security, Perks and Best Use Tips
The African Bank Silver Credit Card includes Visa security features, fraud monitoring and the option to register for real-time SMS alerts so you can spot unusual charges fast. Blocking a lost or stolen card and accessing emergency cash while travelling are part of the support package, which is reassuring for frequent local travellers and regional visitors.
To get the most from this budget-friendly card, use the 60 days interest-free period to manage cash flow, set up a debit order to avoid missed payments, and check statements regularly via Connect Online. For South Africans wanting a dependable, low-cost credit card, the African Bank Silver Credit Card is well suited to everyday spending without surprise fees.