Absa credit card: application, types, limit increase, contacts, and more
Absa is one of the newest banks that have taken the industry by a storm. The bank comes loaded with a wide range of products and services that it wishes to spoil its clients with. If you have not considered checking it out, you might want to be informed about the Absa credit card and its operations.
Source: UGC
Unlike most banks, Absa has introduced the Absa credit card, and the platform seems to be attracting more clients by the day. The details about the packages, what is expected of you, and the benefits that come attached to them are crucial for a new client. How about delving in for more details?
What is Absa credit card?
This card allows one to electronically access funds for purchases and services with regards to an agreement that they made with the bank.
Absa credit card types
The different packages are distinguished by their service charges and the monthly payment that an owner should make. It is important to consider the financial requirement of each one of them before settling for one.
Flexi Core Credit Card
This is the perfect credit card that you could use if you are after building a credit record. This package allows you to make online purchases or from stores without having to carry cash around. These are the other features that this package has:
- It is interest-free for 57 days.
- It has a fixed monthly payment; hence, it makes it easy for budgeting.
- A user does not incur any transaction charges when they make purchases.
- In case a user loses their card, they do not incur any charges during the replacement process.
- It comes with automatic basic travel insurance.
For you to qualify for this package, you should have a monthly income of between R2,000 and R4,000. You are also required to be more than 18 years old and ascertain that you can afford to make the monthly payment.
The requirements to apply for this package are:
- A valid South African Identification card.
- Proof of residence.
- Proof of income, particularly for three consecutive months.
Absa Gold credit card
Source: UGC
This package is ideal for individuals who earn between R4,000 and R25,000. It has the following features:
- It offers up to 57 days of no interest for purchases.
- One does not incur transaction charges when they make purchases.
- It allows one to shop conveniently and securely online.
- It allows one to access promotions, discounts, and offers from the bank's grocery and fuel partners.
- It comes with a credit protection plan that pays your outstanding debts if you pass on.
- It offers access to automatic actual cover whose worth is R1,5 million, which covers a certain range of travel emergencies.
- It offers preferential rates at the Bidvest Airport Lounge.
For one to apply for this package, they ought to present the following documents:
- A valid South African Identification card
- Proof of residence
- Proof of income
Premium Banking Credit Card
Source: UGC
This package offers a wide range of benefits for a monthly subscription of R190.00 per month. It is ideal for individuals whose monthly income is not less than R25 000. These are some of the benefits that it comes with:
- It offers a smarter banking option that allows individuals to apply for overdrafts online.
- It offers the one-card solution that allows access to your credit, debit, and savings account.
- It offers access to the premium line, which can be accessed through +2711 501 5006 or 0860 109 085.
- It offers access to a financial adviser and free financial analysis service.
- An individual qualifies for an R25,000 death benefit.
- It offers access to disability and retrenchment benefits.
- It offers access to a Free MegaU app and accounts for children who are below 19 years.
For you to qualify for this package, you ought to present the following documents:
- A valid South African smart ID
- Your latest salary slip
- Proof of residence
- South African citizenship
Private Banking Credit Card
This package is ideal for individuals who have a monthly income that is not less than R62,500 per month. It comes with the following benefits:
- Unlimited access to Bidvest Lounges
- Secured protection for any purchase that a card owner makes
- Access to basic travel insurance
- Access to the ATM Robbery Insurance
- Extended warranty, especially for individuals who possess the visa card
Apart from meeting the minimum income requirement, one is required to submit the following documents while applying:
- A valid South African smart ID
- Your latest salary slip
- Proof of residence
- South African citizenship
Student Credit Card
Source: UGC
Having a credit record is not limited to individuals who have a steady income flow. Students too can access the service through a package that suits them. This package is available at the cost of R800 per month, and these are the other benefits that are attached to this package:
- Exception from paying service fees
- Access to automatic basic travel insurance
You can apply for this package online.
Absa credit card application
After going through the types of packages that are available and pinpointing the one that suits your preference, you can proceed to the application process.
New customer
If you are a new customer who is not registered with Absa internet banking, you can still apply online.
Internet banking customer
If you are an internet banking customer, you can apply online by logging in to your account.
If you wish to access your saved application after using either of the application methods mentioned above, you can do so, although you will be required to have your ID and reference number.
Absa credit card limit increase
If you wish to increase your recurring credit facility, the bank has provided the option to increase your limit. However, this option is subject to the assessment of the risks. Therefore, a client is advised to calculate the costs of the loan.
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Absa credit card contact details
If you experience any hiccups while going about operations with your card, you can reach out through any of the following Absa credit card contact details depending on the nature of your query:
- For issues regarding the application process, you can call 0861 114 411. You should make your call between 8:00 am and 5:30 pm on weekdays and between 8:00 am and 1:00 pm on Saturdays.
- If you wish to inquire about your application status, you can call 0861 114 411.
- If you wish to report about a lost card, you can reach out through the Absa credit card app. Alternatively, you can make a call to 0800 111 155.
- For matters regarding premium banking, one can reach out through 0860 109 085. International callers can reach out through +2711 501 5006. Alternatively, one can reach out via email: premiumbanking@absa.co.za.
Q&A
This set of questions will help in deciphering the logic in the credit cards.
How do I get an Absa credit card?
You could apply for one online or call 0861 114 411 for assistance on the application process. It is important to note that the telephone number is only operational between 8:00 am and 5:30 pm on weekdays and between 8:00 am and 1:30 am on Saturdays.
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How long does it take to get Absa credit card?
It takes up to seven days for a card to be processed.
What is the interest rate on Absa credit cards?
The interest rate is a factor of the type of package and the service fee for the package.
How do I check my Absa credit card balance?
You could check your account balance using a USSD code on your handset by dialling *120*2272#
Can I withdraw cash from Absa credit card?
The card comes with all the ATM functions; hence, you can withdraw funds from it.
By now, you know how convenient it would be for you if you owned the Absa credit card. These details are enough to help you navigate through the procedure once you are sure about the package that you are settling for.
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Source: Briefly News
