Absa Gold Credit Card Review 2021

Published by
Lethabo Ntsoane

The Absa Gold Credit card is a first-tier credit card that offers value for money. The credit card charges a low monthly account fee and comes with standard credit card benefits. Credit cardholders enjoy the freedom of using the credit card anywhere around the world. 

The credit card features new card technology for convenient transactions both online and in-store. Other benefits that come with the Absa Gold Credit card includes lifestyle benefits such as discounts and cashback rewards on selected purchases, travel benefits such as preferential rates at Bidvest airport lounges, and insurance benefits such as basic travel insurance

The Absa Gold Credit card has a maximum credit that rivals its competitors and the credit can be used for any purchase that an account holder prefers. There are no restrictions and the credit limit is reviewed periodically to ensure that clients have a credit they deserve at that point in time. 

Absa Gold Credit Card Summary

The Absa Gold Credit Card is a first-tier credit card that charges a monthly account fee of R23.00. Maximum credit on the Gold Credit card is R90,000.00 and it is subject to affordability. Of the used credit, credit cardholders need to repay  3% minimum outstanding balance every month. Minimum income that one can earn to qualify for the Absa Gold Credit Card is R4000.00.

The Absa Gold Credit Card comes with a 57 days interest-free credit. The credit card also comes with automatic basic travel insurance of R1,500,000.00 for international travel. Clients also get special rates at the Bidvest Airport lounges. 

The credit card can be used locally or internationally, however, when used internationally, a transaction fee of 2.75% applies. Clients get lost card protection should the credit card get lost or stolen. Other benefits of the gold card include  Visa’s special deals in South African restaurants, Visa Airport Dining and Special offers from Avis or

Absa Gold Credit Card Benefits

  1. Credit cardholders pay fixed monthly payments on their outstanding credit for stable budgeting.
  2. Clients get cash rewards through the Absa Rewards program both internationally and locally.
  3. The credit card comes with Tap to Pay technology for contactless card payments.
  4. Clients get a free subscription to the Absa digital platforms.
  5. The credit card comes with a free NotifyMe subscription, where credit cardholders get notifications for every transaction that is performed on the account.
  6. The credit card comes with credit life protection so that the acquired credit doesn’t affect your family should you die, become terminally ill or suffer a permanent disability.
  7. Clients get preferential rates at Bidvest airport lounge.
  8. The credit card has a 57 days interest-free credit on purchases.
  9. Credit cardholders can use this credit card anywhere around the world, whether they want to withdraw from an ATM or on point of sale, or make purchases on Point of Sale.
  10. The credit card comes with an automatic basic cover of R1,500,000.00 for a range of travel emergencies. This offer is for those that purchase their plane tickets using their Absa Gold Credit card.

Absa Gold Credit Card Fees 2021

#Fee description Amount
1Monthly account feeR23.00
2Monthly credit facility feeR30.00
3Secondary card feeR16.50
4Garage cards feeR42.00
5Card life plan 0.325% of the average outstanding balance for the month
6Cheque deposit at an Absa branch R60.00
7Cash deposit at an Absa branchR60.00 + R2.00 per R100.00
8Cash deposit at an Absa ATM R2.00 per R100.00
9Cashless cash deposit via Cash Acceptor R2.00 per R100.00
10Cash withdrawals at an Absa branch R75.00+ R2.10 per R100.00
11Cash withdrawals at an Absa ATM R2.00 per R100.00
12Withdrawal at Absa supported ATMR6.00 + R2.00 per R100.00
13Saswitch ATMR11.50 + R2.00 per R100.00
14Point of sale local cash withdrawals R2.00
15Overseas cash withdrawals ATM/POSR75.00
16Credit card purchases local and abroad Free
17Account payments via Absa ATM or onlineR10.00
18Account payments at an Absa branchR75.00
19Internal and external debit ordersFree
20Funds transfer at an Absa ATM, online or by mobile Free
21Funds transfer at an Absa branch R75.00
22Balance enquiry at an Absa ATM, online, mobileFree
23Telephone adviser assisted R7.00
24Bank statements stamped onlineR8.00
25Bank statements stamped Absa Cat ATMR16.00
Absa Gold Credit Card Fees and Rates 2021

Competitive Advantages of the Absa Gold Credit Card

  • The credit card has a low monthly account fee of R23.00 per month.
  • The credit card comes with 57 days of interest-free credit on purchases.
  • Free credit card swipes locally and internationally.
  • The credit card has a high level of maximum credit for a first-tier credit card which is R90,000.00.
  • Comes with travel insurance for any international travel ticket that is bought using the  Absa Gold Credit Card.
  • Clients can get access to Bidvest airport lounges at special rates.
  • There is no charge to use the Absa digital facilities.
  • Point of sale purchases and cash withdrawals are for free locally.

Competitive Disadvantages of the Absa Gold Credit Card

  • The account has a high international transaction fee rate.
  • There are no complimentary visits to the Bidvest airport lounges.

Credit Card Requirements

  1. Must earn between R4,000.00 to R25,000.00 to qualify.
  2. Must be 18 years old at the time of application.
  3. Have a valid South African ID book or Smart card.
  4. Have proof of residence that is not older than 3 months at the time of application.
  5. The latest proof of income showing 3 months of income.


The credit card offers some of the most interesting benefits for a first-tier credit card, however, the credit card has limited benefits when compared to its rival tier credit cards. The credit card has some of the basic benefits missing such as complimentary airport private lounge visits or free entry to the Absa rewards program

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at

Published by
Lethabo Ntsoane
Tags: ABSA