The Absa Premium Banking Credit Card is a credit card that serves as an introduction to Absa’s private banking services. The credit card includes a dedicated premium line available 24 hours a day, 7 days a week, where customers can obtain assistance with banking and other financial services.
The account is compatible with both online and in-store buying and comes equipped with the newest card technology. Clients can use their credit card to make contactless payments both locally and internationally, which simplifies payment.
Clients can take advantage of the Absa Rewards program’s perks by collecting rewards anytime they swipe their credit card and by get discounts at a select number of businesses.
Absa Premium Banking Credit Card is a private banking credit card with an R59.00 monthly account fee. The credit card has a maximum credit limit of R138,000.00 and requires a minimum monthly payment of 3% of the balance due. On purchases, there is a 57-day interest-free period. The credit card comes with a dedicated premium banking line that is available 24 hours a day for simple and convenient banking. Due to the fact that the credit card is issued by a private financial institution, clients get access to Bidvest Airport lounges. Automatic travel insurance of R3,000,000.00 is included with the credit card. When clients travel, they receive exclusive discounts from Agoda.com, Avis, YQ Assist, and the Visa Luxury Hotel collection. Visa provides food services at more than 800 airport lounges globally.
|1||Monthly account fee||R59.00|
|2||Monthly credit facility fee||R30.00|
|3||Secondary card fee||R16.50|
|4||Garage cards fee||R42.00|
|5||Card life plan||0.325% of the average outstanding balance for the month|
|6||Cheque deposit at an Absa branch||R60.00|
|7||Cash deposit at an Absa branch||R60.00 + R2.00 per R100.00|
|8||Cash deposit at an Absa ATM||R2.00 per R100.00|
|9||Cashless cash deposit via Cash Acceptor||R2.00 per R100.00|
|10||Cash withdrawals at an Absa branch||R75.00+ R2.10 per R100.00|
|11||Cash withdrawals at an Absa ATM||R2.00 per R100.00|
|12||Withdrawal at Absa supported ATM||R6.00 + R2.00 per R100.00|
|13||Saswitch ATM||R11.50 + R2.00 per R100.00|
|14||Point of sale local cash withdrawals||R2.00|
|15||Overseas cash withdrawals ATM/POS||R75.00|
|16||Credit card purchases local and abroad||Free|
|17||Account payments via Absa ATM or online||R10.00|
|18||Account payments at an Absa branch||R75.00|
|19||Internal and external debit orders||Free|
|20||Funds transfer at an Absa ATM, online or by mobile||Free|
|21||Funds transfer at an Absa branch||R75.00|
|22||Balance enquiry at an Absa ATM, online, mobile||Free|
|23||Telephone adviser assisted||R7.00|
|24||Bank statements stamped online||R8.00|
|25||Bank statements stamped Absa Cat ATM||R16.00|
The Premium banking credit card has a low minimum income requirement when measuring the benefits versus the cost of getting the credit card. The credit card gives credit cardholders a chance to bank private and also receive travel and lifestyle benefits that are convenient.