Discover the Steps to Apply for the Absa Premium Banking Credit Card
Absa Premium Banking provides a credit card from a South African bank, featuring exclusive banker support and Visa perks. Take a look!
Essential Insights Before You Apply for the Absa Premium Banking Credit Card
The Absa Premium Banking credit card is tailored for those with elevated needs, offering benefits like 12 visits to the Bidvest Lounge, buyer protection, and lost card coverage.
True to its name, Premium Banking provides exclusive banking services, featuring a dedicated team of advisors and bankers ready to support cardholders with any inquiries or challenges.
This card comes with a monthly fee of R67 and an additional credit line fee of R30, totaling R97 monthly for a credit limit of up to R138,000.
Travel perks include 12 free annual visits to the Bidvest Premier Airport Lounge, with special terms for subsequent visits. Plus, it offers R3 million in automatic basic travel insurance.
Through its rewards program, Absa offers cashback, typically giving 30% back on purchases in categories like supermarkets and beauty products.
The bank elaborates on its rewards system, including Absa Advantage, which incentivizes users for completing tasks within the app.
Security features include contactless payments up to R500 without a PIN and the NotifyMe system for SMS transaction alerts.
The card also offers additional rewards at Dis-Chem, featuring tiered benefits based on spending percentages and earnings.
In summary, this card is an excellent fit for various situations, both locally and internationally.
Who is Eligible to Apply?
Absa lays out clear criteria for eligibility regarding its credit cards in South Africa.
To qualify, applicants must be at least 18 years old and legally reside in the country, whether as a citizen or a foreign national with a valid visa.
A key requirement is income, necessitating proof of a minimum monthly income of R25,000 that can be validated.
To complete your application, you’ll need to provide these documents: a valid South African ID, a current visa and passport, proof of your residential address, or proof of income from the past three months.
It’s crucial to understand that every application will be assessed by Absa Bank for accessibility.
Learn How to Apply for the Absa Premium Banking Credit Card
Applying for Absa credit cards is a simple process that you can complete through the bank’s online platforms.
On the Absa website, the Premium Banking Credit Card section has a clearly visible ‘Apply’ button for your convenience.
When you click this button, it will take you to the credit card application portal, where you can select from these options:
- New customer
- Online Banking customer
- Non-Online Banking customer
New customers must first confirm their security on the platform. Then, they will undergo credit assessments to make sure there are no lingering debts or credit issues.
To finalize the application form, you’ll need to provide the following information:
- Personal Details: full name, ID type, ID number, residential address, gender, birth date and country, and residence country.
- Address: full residential address.
- Contact Info: home and work numbers, mobile, and email.
You must also agree to identity verification during the application. Plus, you’ll need to submit the required documents and go through further evaluations by the bank.
For current customers, the process is smoother since Absa already has the necessary details, making it quicker.
Additional Information
The card displays the Visa logo, providing unique benefits exclusively for Visa cardholders such as:
- GCAS: Global Customer Assistance Services
- Global discounts at participating merchants
- Referrals for legal and medical support
- Buyer security
- Extended warranty options
The Absa Rewards program offers a wide range of benefits based on your purchase type.
Interested in another option?
If you want a more business-oriented credit card, check out the Nedbank Small Business card, which proudly displays the American Express logo.
This card offers 4 visits to the Bidvest Lounge, purchase protection, and access to networking platforms. Discover how to apply.
