Obtaining a credit card as a student might be challenging, especially if you are unemployed. In many circumstances, getting a credit card as a student is nearly impossible because the risk of granting credit to students is too high. Students, on the other hand, can obtain a credit card through the Absa. A student does not need to be working at the time of application for the Absa Student credit card. To be eligible for the Absa student credit card, you must receive a monthly allowance.
For tertiary students, a credit card is available. These are students enrolled in a full-time program at a South African university, a FET college, a university of technology, or a private tertiary institution. The Absa Student credit card offers the fewest features of any Absa credit card. This is due to the fact that the credit card is free and does not demand much in terms of qualifying.
The Absa Student credit card is a credit card for students enrolled in a South African tertiary institution. There are no monthly service fees or credit facility fees associated with this account. Clients must earn a monthly allowance of R800.00 or higher. Branch transactions are not free. Cheque deposits are R60.00 at a branch counter, cash deposits are R60.00 plus R2.00 for every extra R100.00 withdrawn, and cash withdrawals are R75.00 plus R2.10 for every additional R100.00 withdrawn.
Absa ATM, on the other hand, costs less for the identical transactions. Cash deposits at an Absa ATM, for example, cost R2.00 for R100.00 deposited, while cash withdrawals cost R2.00 per R100.00. The Student credit card, like the Flexi Core credit card, does not qualified for garage cards. In addition, the credit card does not include the optional card life plan that is offered on all Absa credit cards.
|Monthly account fee||Free|
|Monthly credit facility fee||Free|
|Secondary card fee||N/A|
|Garage cards fee||N/A|
|Card life plan||N/A|
|Cheque deposit at an Absa branch||R60.00|
|Cash deposit at an Absa branch||R60.00 + 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 ATM||R6.00 + R2.00 per R100.00|
|Saswitch ATM||R11.50 + R2.00 per R100.00|
|Point of sale local cash withdrawals||R2.00|
|Overseas cash withdrawals ATM/POS||R75.00|
|Credit card purchases local and abroad||Free|
|Account payments via Absa ATM or online||R10.00|
|Account payments at an Absa branch||R75.00|
|Internal and external debit orders||Free|
The Absa Student credit card serves as a first step in obtaining a credit card for students. All they have to do is produce documentation of receiving a monthly allowance of R800.00 or more and be enrolled in a tertiary institution. Based on the qualification standards, this may be the easiest credit card to obtain at Absa.