Compare Absa Credit Cards
Absa is one of South Africa's leading banks as a subsidiary of Barclays Bank PLC. Formed in 1991 Absa is a South African leader of BEE with the formation of the Absa Black Economic Empowerment policy which is based on a long term strategy following an integrated approach to BEE.
Absa offers a range of credit cards which have been designed to suite the needs and income of all South Africans, giving the general population a chance of financial empowerment. The Absa Credit Card allows users the power to purchase items online and at credit with an interest free period. This interest free period means that applying for credit with Absa can result in little additional cost. Be sure to compare the different Absa credit cards to see which one will meet your financial needs.
| CARD |
SUITABLE
INCOME (per month) |
MONTHLY
FEE (+ transaction fees) |
INTEREST FREE PERIOD |
INTEREST
RATE |
| ABSA
Platinum Credit Card |
R25000 + | R35.00 | Up to 57 days | 15.5% - 17.5% |
| ABSA
Gold Credit Card Affinity Card Available |
R10000 + | R16.00 | Up to 57 days | 19.5% |
| ABSA
Silver Credit Card Affinity Card Available |
R4000 + | R12.00 | Up to 57 days | 20.5% |
| ABSA
Classic Credit Card |
R2000 + | R16.00 | Up to 57 days | 20.5%- 24.5% |
| ABSA
Electronic Credit Card |
R2000 + | R16.00 | Up to 57 days | 20.5%- 24.5% |
| ABSA
Private Credit Card |
R750000
+ per annum |
R53.00 | Up to 57 days | 12.5% |
| ABSA
Student Credit Card |
Full
Time
Students 18- 29 years of age R200 + |
N/A | Up to 57 days | 20.5% |
| ABSA
Garage Credit Card |
N/A | N/A | N/A | Calculated
on purchases from transaction date |
ABSA
Credit Card Transaction Fees
No
transaction fees are charged to ABSA customers using ABSA Atm's
(excluding deposits) for Private Bank Customers.
| Transaction |
Charge |
| Credit Card Purchases | N/A |
| Garage Card Transaction Fee | R3.00 |
| ABSA ATM Cash Deposit | R1.05 per R100.00 |
| Branch Counter Cash Deposit | R3.50 + R1.05 per R100.00* |
| ABSA ATM Cash Withdrawal | R3.50 + R1.00 per R100.00 |
| ABSA supported ATM Cash Withdrawal | R6.50 + R1.00 per R100.00 |
| Saswitch ATM Cash Withdrawal | R9.50 + R1.00 per R100.00 |
| Branch Counter Cash Withdrawal (domestic branch) | R17.50 + R1.00 per R100.00 (max R500)** |
| Overseas ATM/ Counter Cash Withdrawal | R40.00 |
| ABSA ATM Account Payment | R3.50 + R0.65 per R100.00 (max R15,00) |
| ATM Fund Transfer | R3.00 |
| Branch Counter Fund Transfer | R17.50 |
| ABSA ATM Balance Enquiry | R1.00 |
| ABSA ATM Mini Statement | R1.50 |
| ABSA-supported ATM Balance Enquiry | R2.95 |
| Notify me SMS/ email message | R0.45 |
| Saswitch ATM Balance Enquiry | R3.35 |
| Lost Card Administration Fee | R92.00 |
| Replacement Card Fee | R92.00 *** |
| Non ABSA ATM Fee (apart from Saswitch) | R3.00 |
| Saswitch ATM Fee | R6.00 |
*R3.50 base fee plus R1.05 for
every R100 or part there of
**R17.50 base fee plus R1.00 for every R100 or part there of up to a
maximum fee of R500.00
***The bank may charge a replacement fee for all circumstances other
than that that is outside the customers control
TIPS to REDUCE your Credit Card Fees
•
Use your credit card for purchases rather than withdrawing cash. This
gives you the following benefits:
• Use your credit card for
purchases
rather than withdrawing cash. You receive the benefit of up to 57 days
interest-free on purchases (excluding cash withdrawals, casino
transactions, Internet banking transfers, fuel purchases and budget
plan purchases) where all outstanding balances on the credit card
account were fully paid by the due dates. Terms and conditions apply.
• Free purchase transactions.
• Please note that Cash and
Garage transactions are not included in the interest free period, as
interest is charged from the date of transaction.
• Take advantage of these
benefits and use your credit card for all purchases, there is no limit
to the number of transactions and no transaction fee, regardless of the
cost of the item purchased.
• Transfer payments
electronically (using internet, cellphone or ATM) to your credit card
to avoid paying cash deposit fees.
• Transfer money onto your
credit card each month to earn extra interest. Absa credit cards offer
very competitive credit interest rates.
• The fees noted in this section
are effective as at 1 June 2009 and are subject to change.
Disclaimer
Please note that the
above rates quoted above are current from printing and to be used as a
guideline only. There rates are subject to change. Please note that
Terms and Conditions apply. Contact the bank directly for additional
information and current fees and charges.