Absa Credit Cards

Absa credit cards are designed to offer outstanding benefits and rewards while fulfilling your everyday financial needs. Being an established bank in South Africa, Absa offers several credit cards to match customer needs, lifestyle and credit profiles.

The available credit cards are tiered based on functionality and clients can choose from Affinity, Gold, Premium, Transact, and Student. All the cards have a monthly account fee except the student credit card. However, you won’t have to pay for interest on your purchases for up to 57 days. In addition, you may choose to participate in their rewards program.

How to apply for Absa Credit?

You can apply for Absa credit cards from the banking teller in any physical branch but if you want more convenience, there is an option to apply online. Since there are various credit cards on offer, it is important to ensure you fulfil the requirements. This will not only make sure your approval chances are higher, but it will also help you get the most out of the card.

Absa credit card interest rates and fees

The initiation fees across all the available cards are R166.45. The interest for Student Credit card is 20% per annum while the interest rate for Transact, Affinity, Gold, and Premium cards is 20.5% on the balances. There are also monthly fees that vary depending on the credit card where you pay R12.11 for the Absa Transact, R50.44 for Absa Gold, R50.44 for Absa Premium and the Absa Student is free. If you lose your card, a replacement fee of R141.23 will get you another one.

Absa Affinity Credit Card

Showcase your allegiances with Absa’s Affinity Credit card

The Absa Affinity credit card is meant for people who want to have their credit card with a bit more personalisation. In addition, you can make donations without incurring extra charges. There are several affinities to choose from like Springbok Rugby, Provincial Rugby, Argus Cycle, Radio Pulpit, and Universities.

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BENEFITS


* Contribute to your favourite affinity at no extra cost
* It’s available on MasterCard
* Access to Bidvest airport lounge at better rates

REQUIREMENTS

  • At least R4000 in a month
  • Above 18 years
  • Valid RSA ID
  • Proof of residence and three months income records

FEES


Monthly fees: R21.18
Initiation fees: R166.45

Absa Gold credit card

The gold standard when it comes to Absa’s credit card offerings.

Absa gold credit card is designed to fulfill your financial needs. With this card, you have the opportunity to live an enhanced lifestyle and it supports secondary cards.

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BENEFITS


* Accepted around the globe
* Interest rates are personalized
* Basic travel insurance
* It’s available on MasterCard

REQUIREMENTS

  • Between R4000 and R25000 per month with proof for the previous 3 months
  • Proof of residence
  • Valid South African ID

FEES


• Initiation fee: R166.45
• Monthly fees: R50.44

Absa Premium Credit Card

Join Absa rewards programme with Absa’s Premium Credit Card

Customers with Absa premium banking credit card have the luxury to access their savings and check accounts for an enhanced shopping freedom. It also gives you the opportunity to enroll in reward programs that can offer up to 1.5% cash back.

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BENEFITS


* Contactless payments
* Eligibility to Absa rewards programme
* Travel insurance
* Available on MasterCard
* Access to Bidvest airport lounge

REQUIREMENTS


• A monthly income of R25 000
• Have a valid RSA ID
• Proof of residence and income records for the previous 3 months

FEES


• Monthly fees: R50.44
• Initiation fees: R166.45

Absa Transact Credit Card

Great for building credit history with added insurance

This card is ideal for people who want to build their credit profile. Besides, it makes it easy to handle online and store transactions without carrying loads of cash.

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BENEFITS


* Great for building a credit history
* Basic travel insurance
* Monthly payments are fixed
* You get up to 57 days interest-free

REQUIREMENTS


• Monthly income of R2000-R4000

FEES


• Monthly account fee: R12.11

Absa Student Credit Card

Start building your credit history early with the Absa Student Credit Card

The Absa student credit card is designed to help you build your credit history and get ready for the responsibilities that come after school. As long as you have an income or allowance and you are enrolled in a college as a full-time student, this can be a great option.

Apply Now

BENEFITS


* Zero monthly fees
* Build your credit history
* Basic travel insurance
* Interest rates are personalized
* Enjoy a 57-day interest-free on purchases

REQUIREMENTS


• Monthly income of R800
• Be a full-time student
• Your age should be between 18 and 30 years

FEES


• Monthly facilitation fee: R25
• Monthly account fee: Zero