How to Apply for your Absa Private Banking Credit Card
The Absa Private Banking Credit Card offers a host of benefits that cater specifically to high-income earners. It provides 24/7 access to a dedicated team of private bankers for personalized assistance. For those who enjoy travel and leisure, the card comes with exceptional benefits not only for the cardholder but also for their family.
Cash back rewards sweeten the deal, while specialized insurance packages offer peace of mind. Contactless payment technology ensures convenience and security, and exclusive Visa benefits add further value.
With a generous credit limit of R 228,000 and a swipe limit of R 90,000, the Absa Private Banking Credit Card enables seamless transactions both locally and internationally, making it an ideal choice for those looking for flexibility and superior financial management.
There are many other benefits to this card including:
- Bidvest Airport Lounge: 24 free visits, applied when criteria are met. A similar allowance is available for secondary cards.
- Travel insurance: Automatic coverage for travel emergencies when you book your ticket using your card.
- Exclusive Visa benefits: Program how Buyers Protection Extended Warranty, and Visa Global Merchant offers, Visa Marketplace, Booking.com and Visa Luxury Hotel Collection
- Absa Rewards: On local and international purchases, get cash back when you pay.
- Absa Advantage: Get rewarded for completing simple challenges on the Absa Banking app.
- Contactless payments: Use a smartphone or wearable device at any point of sale machine to pay.
- NotifyMe: Activate SMS notifications to receive activity alerts and have more security.
The Absa Private Banking Credit Card offers global acceptance, leveraging Visa’s extensive network. This means cardholders can use it for transactions worldwide, whether they’re shopping online, making purchases in-store, or traveling abroad. This global acceptance ensures convenience and accessibility wherever Visa cards are accepted, making it a practical choice for international travelers and those conducting business on a global scale.
Prerequisites
In order to get and enjoy the Absa Private Banking Credit Card , one ought to earn at least R62 500 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. The issuance of the card is subject to an affordability assessment.
More about Absa
Absa is guided by a core set of values that underpin their interactions with clients and the broader community. These values include trust, resourcefulness, stewardship, inclusion, and courage. Trust is foundational in their dealings, recognizing the importance of handling clients’ financial resources with integrity and reliability.
In navigating challenging economic conditions, Absa emphasizes resourcefulness, adapting to support clients effectively amid economic pressures. They recognize their role as stewards of clients’ wealth, affirming a commitment to responsible management and fiduciary duty.
In promoting inclusivity, Absa has implemented various initiatives to broaden economic participation, such as disability-inclusive training, scholarships, and financial literacy programs.
Overall, Absa’s initiatives reflect a deep-rooted commitment to community welfare and inclusive growth, demonstrating their role not just as a financial institution but as a partner invested in the wellbeing and advancement of the communities they serve.
Who is this card for?
The Absa Private Banking Credit Card is the cream of the crop card for higher end income earners. The limits offer a lot of financial muscle and the benefits lend themselves to the lifestyle of the prospective holders.
Given the high levels of assistance on offer, the Absa Private Banking Credit Card is good for service conscious customers who are in need of round the clock access to superior banking services and a customised experience.
How to apply for the Absa Private Banking Credit Card
To apply for theAbsa Private Banking Credit Card , follow these five steps:
- Click on the “Apply now” button available on the Absa Private Banking Credit Card application page.
- On the Online Application page, enter the characters displayed in the image for verification.
- Complete the six-step assessment provided.
- You have the option to save your progress and continue later, or proceed to the next stage at each step of your assessment.
- Finally, click on “Apply” once you have completed all the required steps of your assessment.
This process ensures that you meet the qualifying criteria and submit your application smoothly for the Absa Private Banking Credit Card .
Alterntively, one can request a call back making use of this link here. Telephonic applications can be made by phoning 0860 553 553 on week days between 08:00 and 17:30 and Saturdays between 08:00 and 13:00.
Review of the card: positive and negative
The Absa Private Banking Credit Card boasts several benefits which are very handy. The Bidvest Premier Airport Lounge for example, is an amazing benefit with as many as 24 visits per annum and 2 guest visits.
There are six complimentary Lounge Key international airport lounge visits per annum, including one guest per visit (see here).
There also travel accident insurance, travel medical benefits and trip inconvenience benefits at the holders disposal.
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.
Some drawbacks to consider include high monthly income requirements (R 62,500), interest rates applicable after the interest-free period of up to 57 days, and potential fees associated with additional services such as card issuance or limit upgrades. Additionally, lounge access and insurance benefits may have specific limitations and conditions that need careful evaluation to ensure they meet the individual user’s needs.
Fees and tariffs
Here are the main rates and fees:
- Monthly fee: R200.
- Monthly credit facility fee: R30.
- Total monthly fee: R200.
- Minimum monthly income: R62,500.
- Credit limit: R228,000.
- Minimum payment: 3% on outstanding balance.
Contact
There are numerous ways to receive support of Absa.
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.
One can visit and search based on their preferred branch whether it is close to work or home.