Absa Gold Credit Card Review 2022

The Absa Gold Credit Card is a first-tier credit card that provides excellent value. The credit card has a low monthly account cost and all of the usual credit card perks. Credit cardholders have the ability to use their credit cards anywhere in the world. The credit card includes innovative card technology for easy online and in-store transactions.

Other advantages of the Absa Gold Credit card include lifestyle advantages such as discounts and cashback incentives on certain purchases, travel advantages such as preferential rates at Bidvest airport lounges, and insurance advantages such as basic travel insurance. The Absa Gold Credit card has a maximum credit limit that is comparable to its competitors, and the credit can be utilized for any purchase that an account holder desires.

There are no limits, and the credit limit is evaluated on a regular basis to ensure that clients receive the credit they deserve at the time.

Absa Gold Credit Card Summary

The Absa Gold Credit Card is a first-tier credit card with an R23.00 monthly account fee. The Gold Credit Card has a credit limit of R90,000.00 and is subject to affordability. Every month, credit cardholders must refund 3% of their utilised credit as a minimum outstanding balance. The Absa Gold Credit Card requires a minimum income of R4000.00 to be eligible. The Absa Gold Credit Card offers 57 days of interest-free credit.

The credit card also comes with R1,500,000.00 in automatic basic travel insurance for overseas travel. Clients also receive discounted pricing at the Bidvest Airport lounges. The credit card can be used both locally and abroad; however, there is a 2.75 percent transaction fee when used internationally. Clients receive lost card protection if their credit card is lost or stolen. Visa’s unique deals in South African restaurants, Visa Airport Dining, and special offers from Avis or Agoda.com are also benefits of the gold card.

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 2022

Fee description Amount
Monthly account feeR23.00
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 R60.00
Cash deposit at an Absa branchR60.00 + R2.00 per R100.00 
Cash deposit at an Absa ATM R2.00 per R100.00 
Cashless cash deposit via Cash Acceptor R2.00 per R100.00
Cash withdrawals at an Absa branch R75.00+ R2.10 per R100.00
Cash withdrawals at an Absa ATM R2.00 per R100.00
Withdrawal at Absa supported ATMR6.00 + R2.00 per R100.00
Saswitch ATMR11.50 + R2.00 per R100.00
Point of sale local cash withdrawals R2.00
Overseas cash withdrawals ATM/POSR75.00
Credit card purchases local and abroad Free
Account payments via Absa ATM or onlineR10.00
Account payments at an Absa branchR75.00
Internal and external debit ordersFree
Funds transfer at an Absa ATM, online or by mobile Free
Funds transfer at an Absa branch R75.00
Balance enquiry at an Absa ATM, online, mobileFree
Telephone adviser assisted R7.00
Bank statements stamped onlineR8.00
Bank statements stamped Absa Cat ATMR16.00
Absa Gold Credit Card Fees and Rates 2022

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 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.

Absa Gold Credit Card Review 2022

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 [email protected]

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