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Absa Gold Credit Card Review 2023

Absa gold credit card

Absa Gold Credit Card is a first-tier credit card for individuals earning R4,000.00 – R25,000.00 per month. The credit card has a maximum credit limit of R90,000.00.

The Absa Gold Credit card has a monthly account fee of R25.00 and a monthly facility fee of R30.00. Credit cardholders are eligible for a free subscription to the Absa rewards program.

Cardholders can earn up to 30% real cash back on groceries, fuel, health care, and purchases at select partner retailers through the Absa rewards program. Furthermore, depending on one’s tiering level, the rewards program offers up to 1.15% off all card purchases.

Cardholders receive preferential access to the Bidvest Airport Lounges when traveling. Furthermore, when you use your credit card to purchase airline tickets, you automatically receive R1.5 million in basic travel insurance.

On qualifying transactions, the Absa Gold Credit offers up to 57 days of interest-free credit. The monthly instalments are fixed when making repayments. Purchases made with a credit card are free of charge.

The Absa Gold Credit card provides credit card holders with benefits on transactions and services provided by Absa Bank. The benefits available to credit card holders are listed below.

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 2023

Fee description Amount
Monthly account feeR25.00
Monthly credit facility feeR30.00
Secondary card feeR16.50 
Garage cards feeR42.00
Card life plan 0.325% of the average outstanding balance for the month
Cheque deposit at an Absa branch R80.00
Cash deposit at an Absa branchR4.00 per R100.00 
Cash deposit at an Absa ATM R2.50 per R100.00 
Cashless cash deposit via Cash Acceptor R2.50 per R100.00
Cash withdrawals at an Absa branch R80.00+ R2.50 per R100.00
Cash withdrawals at an Absa ATM R2.50 per R100.00
Withdrawal at Absa supported ATMR10.00 + R2.50 per R100.00
Saswitch ATMR10.00 + R2.50 per R100.00
Point of sale local cash withdrawals R2.00
Overseas cash withdrawals ATM/POSR80.00
Credit card purchases local and abroad Free
Account payments via Absa ATM or onlineR10.00
Account payments at an Absa branchR80.00
Internal and external debit ordersFree
Funds transfer at an Absa ATM, online or by mobile Free
Funds transfer at an Absa branch R80.00
Balance enquiry at an Absa ATM, online, mobileFree
Bank statements stamped onlineR8.00
Absa Gold Credit Card Fees and Rates 2023

Competitive Advantages of the Absa Gold Credit Card

  • The credit card has a low monthly account fee of R25.00 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 provides some of the most interesting benefits for a first-tier credit card, but it has limited benefits when compared to rival tier credit cards. Some essential features are missing from the credit card, such as complimentary airport private lounge visits or free access to the Absa rewards program.



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