Discover the Steps to Apply for the Absa Bank Student Credit Card
Clearly indicated by its name, the Absa Bank Student card is an ideal credit option for students, featuring no annual fees and straightforward approval.
Essential Insights Before You Apply for the Absa Bank Student Credit Card
The Absa Bank Student Credit Card is an excellent option for students in South Africa lacking a strong credit history, offering a well-rounded solution for those affiliated with educational institutions.
This credit card is tailored specifically for students, ensuring a seamless credit experience without the burden of monthly fees.
Designed to ease young adults into their credit journey, the Absa Bank Student Card primarily focuses on helping them build a credit history, with no origination or monthly fees to worry about.
Additionally, the Absa Bank offers the following advantages:
- No extra charges on purchases, plus personalized interest rates and limits.
- Access to the Absa Banking app for managing finances, tracking expenses, and reporting fraud.
- Security features include SMS alerts and lost card protection.
Cardholders will also benefit from two significant travel perks: three free annual visits to the Bidvest Airport Lounge and automatic basic travel insurance of up to R1 million.
If you’re interested in obtaining this card, keep reading.
Eligibility Criteria
This credit card is intended for those who might struggle to secure credit through traditional methods.
The key requirements to qualify for this card include being between 18 and 30 years old and currently enrolled in an educational institution.
Eligible educational institutions include FET colleges, SAQA-accredited institutions, and recognized universities in South Africa.
Applicants must also have a valid ID or smart card and be officially registered as students in South Africa.
There’s also an income requirement, which involves showing a minimum monthly income or a family or state subsidy of at least R800.
Discover How to Apply for the Absa Bank Student Credit Card
The Absa Bank Student Card doesn’t support online applications through forms like many other credit cards do.
To kickstart your application for this card, you need to visit an Absa branch in person.
While some educational institutions in South Africa may have branches nearby, it’s wise to check the bank’s website for precise locations.
Furthermore, Absa operates dedicated student offices across numerous educational institutions.
Alternatively, you can apply via phone by calling 0861 114 411. This option is available on weekdays from 8:00 a.m. to 5:30 p.m. and Saturdays from 8:00 a.m. to 1:00 p.m.
During the application process, besides identity verification and proof of income, you might also need to show additional documentation from your university.
Thus, it’s smart to come prepared with all relevant documents about your connection with the educational institution when visiting the bank.
Additional Information
This card offers notable benefits despite being an entry-level option, including access to the Absa Rewards system which provides cashback across various sectors.
You can receive up to 30% cashback on groceries at select stores, on fuel purchases at Sasol, and at Dis-Chem.
Moreover, discounts are accessible in other areas including Absa’s digital partners, redeemable directly through the app.
Additionally, the Absa Rewards system within the banking app includes simple challenges that provide bonus benefits to users, further increasing the card’s value.
Interested in Exploring Another Option?
The South African market features a diverse array of credit card choices, including the Standard Bank Diners Club Beyond, which stands out from the Absa Student card with its exceptional travel perks.
The terms of the Beyond card are designed for those with a solid credit record and substantial yearly earnings, and you can find out how to apply.
