A premium credit card offering exclusive benefits and rewards tailored for discerning customers looking for more.
The Absa Premium Credit Card is an exceptional choice for individuals seeking a higher level of service and access to exclusive privileges.
Designed for those who demand more from their credit card, this product offers an array of benefits that go beyond the ordinary.
With rewards programmes, cashback opportunities, and access to premium services, the Absa Premium Credit Card is tailored to meet the needs of a sophisticated lifestyle. Whether you’re travelling the world, shopping, or managing day-to-day expenses, this card stands out for its favourable terms, high credit limits, and bespoke services.
About the Absa Premium Credit Card
The Absa Premium Credit Card is specifically designed to cater to customers who expect nothing but the best.
With this card, you not only gain access to exclusive services, but you also enjoy a broad range of financial be.
This card is a perfect fit for high-income individuals who value convenience, luxury, and top-tier customer service.
Benefits and advantages of the Absa Premium Credit Card
The Absa Premium Credit Card offers a wide range of benefits that elevate your financial experience.
It ensures that your daily transactions are not only seamless but also rewarding. Let’s dive into the detailed benefits that this card brings:
- Absa Rewards Programme: Accumulate points on all purchases, from grocery shopping to luxury spending, and redeem them for exciting rewards tailored to your preferences.
- Cashback on Purchases: Benefit from receiving a percentage of your purchases back into your account, making every spend a rewarding experience.
- Access to Airport Lounges Worldwide: Get access to VIP lounges in over 1,000 airports across the globe, making your travel experience more comfortable and luxurious.
- Comprehensive Travel Insurance: Enjoy peace of mind while travelling, with comprehensive insurance coverage that includes emergency medical assistance, trip cancellation, and lost baggage protection.
- Flexible Payment Plans: Choose to spread the cost of larger purchases over time, with options to pay in instalments of up to 12 months at no additional interest.
- Exclusive Invitations to Events: Receive priority access to exclusive events, including concerts, sporting events, and cultural experiences.
- Advanced Fraud Protection: Benefit from cutting-edge fraud detection systems, ensuring that all your transactions are secure, with immediate alerts on any suspicious activities.
- 24/7 Personalised Customer Service: Access a dedicated customer support team anytime you need assistance, with the assurance of receiving priority service at all times.
Fees and charges
The Absa Premium Credit Card comes with a set of fees and charges that are competitive for its premium offering.
While the fees may vary slightly based on your personal usage, the following are the standard costs associated with the card:
- Annual Fee: R4,500 per year, which can be reduced based on how frequently you use your card and accumulate points in the Absa Rewards Programme.
- Interest Rate: An average interest rate of 18% applies to balances carried over from month to month. This rate is subject to your individual credit score and payment history.
- Late Payment Fee: If you miss a payment deadline, a late fee of 3% of the outstanding balance will be charged, with a minimum of R100.
Minimum income requirement
To be eligible for the Absa Premium Credit Card, you need to have a minimum annual income of 240,000 ZA.
This ensures that the card remains exclusive to individuals who are in a strong financial position and can take full advantage of the premium services and benefits that come with it.
Annual fee
The annual fee for the Absa Premium Credit Card is set at 4,500 ZA. However, Absa offers opportunities for this fee to be reduced or even waived depending on how actively you use the card and engage with its rewards programme.
Regular use of the card for everyday purchases, coupled with participation in the Absa Rewards Programme, can result in significant savings on the annual fee.
Credit limit
The credit limit for the Absa Premium Credit Card is tailored to your personal financial profile. Absa conducts a detailed analysis of your income and spending habits to determine a suitable credit limit.
This limit is flexible, and as you demonstrate responsible credit usage, there is the possibility of increasing your limit over time to accommodate higher spending needs.
How to apply for the Absa Premium Credit Card
Applying for the Absa Premium Credit Card is a straightforward process, designed to get you started on enjoying its exclusive benefits as quickly as possible.
Follow these simple steps to apply for the card:
- Visit the Absa website and navigate to the section dedicated to credit cards.
- Select the Absa Premium Credit Card and click on “Apply Now” to start the application process.
- Fill in your personal and financial information as requested in the online form.
- Upload all necessary documents, including your proof of income, identity document, and proof of address.
- Submit the application and wait for Absa to review your eligibility. Once approved, your new credit card will be delivered to your registered address, and you can begin using it right away.
Contact Absa
If you require more information about the Absa Premium Credit Card, or if you need assistance with your existing card, there are multiple ways to get in touch with Absa’s customer support team:
- Phone: You can reach the Absa customer service line at 0861 462 273 for immediate assistance.
- Email: For non-urgent queries or documentation submissions, you can email the team at [email protected].
- Website: Visit www.absa.co.za (http://www.absa.co.za) for more details on the Absa Premium Credit Card and other financial products.
- Branches: If you prefer in-person service, you can visit any of the Absa branches located across South Africa for help with your application or existing account.
