The Absa Gold Card is a popular credit option, ofering a combination of benefits and features that make it much more than a simple traditional payment method. With rewards and cashback, it can be ideal for you!
With competitive rates and a comprehensive set of benefits, this card attracts both new users and veterans looking for a truly complete financial solution, being accepted in over 200 countries.
Next, we will detail the most important aspects of this card so you can get to know it in detail. Keep reading to explore its benefits, fees, positives, and discover how to apply!
About the Issuer
The Absa Gold card is issued by Absa Bank, one of the largest and most respected financial institutions in South Africa. Founded in 1991, Absa Bank offers a wide range of banking services, including current accounts, savings, investments, and credit cards.
With a significant presence across the African continent, Absa is known for its innovation, financial strength, and commitment to customer satisfaction. Absa Bank is part of the Barclays Africa Group, one of the largest financial groups on the continent.
This association allows Absa to leverage the experience and resources of a global institution, offering products and services that meet international quality and security standards.
Absa Gold Credit Card Benefits
Automatic Travel Insurance: Cardholders are entitled to basic travel coverage of up to R1.5 million, covering a variety of emergencies while away. This insurance includes medical assistance, emergency evacuation, and more.
Rewards Program: With the Absa Rewards program, users earn cashback on purchases made with the card, maximizing the value of each transaction. This program is especially advantageous for regular card users.
Access to Airport VIP Lounges: The Absa Gold card offers access to Bidvest lounges at airports at preferential rates, providing comfort and convenience for its users during travels.
Contactless Payment: You can make simplified payments with your card through Contactless technology. These transactions are limited to $500 for additional security.
Credit History: You can use your card responsibly to start building a good credit history in the market.
Absa Gold Card Fees and Fees
The Absa Gold has a monthly fee of R57 and offers up to 57 days of interest-free credit for qualified purchases. The annual interest rate is 18%, variable according to the user’s credit history. This fee structure is competitive when compared to other credit cards available in the South African market.
It is important to mention that the fees may change annually. For this reason, it is always recommended to check this information directly on the official Absa Bank website.
Positive points
- Wide AcceptanceEasily shop in over 200 countries.
- BonusApply and earn up to $1,000 in your Rewards account.
- Cashback on PurchasesThe cashback rewards program is a valuable benefit.
Negative points
- High Interest RateThe annual interest rate of 18% may be considered high for some users.
- Monthly FeeThere is a monthly fee.
- EligibilityCertain requirements must be met for approval.
Credit card limit
The credit limit of the Absa Gold card can reach up to R90,000, depending on the client’s credit evaluation. This flexible limit allows users to manage their finances efficiently, adjusting to their needs and payment capacity.
With a high limit, users can use the card for large purchases or emergencies, providing greater financial security.
Additionally, the credit limit is reviewed periodically, allowing users who maintain a good credit history to request limit increases, adapting to changes in their financial conditions and personal needs.
How to apply for Absa Gold credit card
- Access the Absa Bank website;
- Select “Credit Cards“;
- Choose “Absa Gold Card“;
- View the information and click on “Apply“;
- Fill out the form with your informations;
- Attach the necessary documents (ID, proof of income, proof of residence);
- Submit the form;
- Wait for approval.
This simple and straightforward process ensures that applicants can quickly obtain their Absa Gold card, enjoying its benefits and advantages as soon as possible.
How to contact Absa Gold
Absa Bank offers several contact methods to meet its clients’ needs:
- Branch: Visit the nearest bank branch and speak with a representative.
- Phone: Call 0861 462 273 or +27 11 354 4001.
- Email: Send an email to [email protected].
The Absa Gold card is an incredible choice for those seeking a credit card with substantial benefits and a transparent fee structure. With features ranging from travel insurance to cashback, it meets a wide range of needs. Apply for yours now!
