How to Apply for your Absa Premium Banking Credit Card
The Absa Premium Banking Credit Card offers numerous benefits, making it an attractive option. From Buyer Protection and Warranty to automatic travel insurance, cash back rewards, contactless payments, and exclusive Visa benefits, this card has plenty to offer.
Designed for middle-income earners, the Absa Premium Banking Credit Card provides reasonable credit limits that are easy to monitor and control. With a limit of R138,000, the card facilitates secure online and in-store payments both locally and internationally.
Additionally, numerous qualifying purchases enjoy up to 57 days of interest-free periods, and there are no transaction fees on purchases.
There are many other benefits to this card including:
- Absa Online Banking and Banking App: These digital platforms offer a range of features designed to simplify banking tasks and enhance the user experience
- Bidvest Premier Airport Lounge: Offers 12 complimentary visits per year to Bidvest Premier lounges for both domestic and international flights. After the complimentary visits, access is available at preferential rates. Spend criteria rules apply..
- Travel insurance:Automatic basic cover of R3 million for travel emergencies.
- Free lost card protection: Call us at 0800 111 155 if your card is lost or stolen.
- Absa Rewards: Earn cash back when you pay with your card.
- Absa Advantage: Receive rewards for completing simple challenges on your Banking App.
- Exclusive Visa benefits: Buyers Protection, Extended Warranty, Visa Local Offers and Global Merchant offers.
- Contactless payments: No PIN required for transactions up to R500. Simply tap on a POS to make payment.
- NotifyMe: Activate SMS notifications for enhanced security.
Prerequisites
In order to get and enjoy the Absa Premium Banking Credit Card, one ought to earn at least R25,000 per month, be at least 18 years of age, be a holder of a valid South African ID book or Smart card, present proof of residence and the latest proof of income for three consecutive months.
Finally, the issuance of the card is subject to an affordability assessment.
More about Absa
Absa Bank Limited, a part of Absa Group Limited listed on the JSE, is one of Africa’s largest diversified financial services groups. With a belief in the power of stories and the future of Africa tied to individual successes, Absa has established a broad presence across countries like Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia.
The bank also operates insurance services in several of these countries and maintains representative offices in Namibia, Nigeria, and the United States. It has securities entities in the UK and US, along with a specialized IT office in the Czech Republic.
Absa distinguishes itself by assembling a diverse, talented team and adopting digitally savvy business practices, positioning itself as a key partner for clients and a force for good. As a wholly owned subsidiary of the Absa Group, it provides a wide range of retail, business, wealth management, corporate, and investment solutions in South Africa. The bank aims to create sustainable shared value and play a significant role in its clients’ lives, empowering them to achieve more and recommend Absa to family, friends, and business associates.
Who is this card for?
The Absa Premium Banking Credit Card is designed to be agile and suitable for a diverse range of professionals and middle-income earners. The credit limits provide substantial financial flexibility while maintaining conservative risk management practices, which is crucial given the income profiles of its target clientele.
In addition to financial muscle, the card offers unparalleled convenience with options to swipe, scan, or tap for transactions anytime, anywhere. It also includes valuable benefits such as complimentary access to Bidvest Premier lounges for both domestic and international flights, along with comprehensive travel insurance coverage for international bookings, ensuring peace of mind during overseas trips.
With its high level of service, the Absa Premium Banking Credit Card caters well to discerning customers who value round-the-clock access to superior banking services and a personalized experience.
How to apply for the Absa Premium Credit Card
Having considered and met the qualifying criteria for the card, one can apply online, via the App (for IOS for Android) or call 0860 109 085 on week days between 08:00 and 17:30 and Saturdays between 08:00 and 13:00.
Please fill in the requested details or provide them during the call. Always ensure that the information is accurate and submit the proposal. The bank will conduct a credit analysis and send the response regarding your card application.
Review of the card: negative aspects
The Absa Premium Banking Credit Card boasts several benefits which are very handy. The Bidvest Premier Airport Lounge for example is an amazing benefit but can be quickly exhausted as there are only 12 visits per annum. Thereafter, each visit is billed at preferential rates.
The Premium Rewards Booster is limited to only one retail partner which negates the element of flexibility which the card otherwise offers.
The terms and conditions to maximise these benefits are also pretty stringent and can border on confusing unless thoroughly explained by a qualified advisor.
There is a limitation too on the types of transactions which are free. Prepaid airtime, data, utilities and Lotto are excluded but this is in keeping with general market practices.
Fees and tariffs
With a monthly fee of R97, the Absa Premium Banking Credit Card is fairly priced. There are fixed monthly payments and a client has an option to pay in extra as and when desired. The card is secure and there is an option to activate sms notifications for transactions.
Contact
There are numerous ways to receive support including a website link Get help quickly with our self-service support tools. Dedicated telephone lines 0861 462 273 for South Africa and +27 11 354 4001 for international clients. One can email [email protected] or visit a branch near them. To find a branch nearby, one can visit here and search based on their preferred branch whether it is close to work or home.