See How to Apply for the Absa Premium Banking Credit Card

What do I need to know before applying for a Absa Premium Banking Credit Card?

The Absa Premium Banking Credit Card offers comprehensive benefits as a priority banking card with dedicated lines, cashback rewards, and automatic travel insurance.

Absa Bank provides a variety of credit card options, including the Gold, Flex, and Premium Banking Credit Cards.

As the name suggests, it offers premium banking services, such as a dedicated line of advisors and bankers to assist with cardholder queries and problems. 

In terms of costs, the card has a monthly fee of R67 and a credit line fee of R30, totaling a monthly fee of R97 for a monthly credit limit of R138,000.

The card comes with the Visa brand, thus including the following special benefits for Visa cardholders:

• GCAS: Global Assistance Services for Cardholders
• Exclusive global offers with discounts for merchants
• Medical and legal referrals
• Buyer protection
• Extended warranty coverage

For travel, Premium Banking provides 12 free annual visits to the Bidvest Premier Airport Lounge, with special conditions and rates thereafter.

Additionally, it includes R3 million of basic automatic travel coverage. If you like the conditions, see how to apply.

Who can Apply?

Absa is quite transparent about the qualification criteria for its credit cards in the country.

The primary requirement is to be at least 18 years old and legally in the country, whether as a citizen or a foreigner with a valid visa.

The main criterion is income, as you need to show a minimum of R25,000 monthly in a verifiable manner.

For the application, you need to have the following documents:

• Valid South African ID card
• Valid visa and passport
• Proof of residence
• Proof of income for the last 3 months

It is important to note that all applications are subject to Absa Bank’s accessibility assessment.

How do I Apply for the Absa Premium Banking Credit Card?

The application process for Absa’s credit cards is virtually the same, all available on the bank’s digital platforms.

The Premium Banking Credit Card section on Absa’s website features a clearly visible ‘Apply’ button, making it easy to locate.

Clicking on this will direct you to the credit card application portal, where you will need to choose from the following options:

• New customer
• Customer with Online Banking
• Customer without online banking

For new customers, the application process starts with security verification on the platform. You will then need to complete several credit-related checks to ensure you do not have any existing debts or outstanding credit.

To complete the application form, you will need to provide the following details:

• Personal Information full name, type of ID, ID number, residential address, gender, date and country of birth, and country of residence.
• Address Information: Complete residential address.
• Contact Information: home and work phone numbers, mobile number, and email address.

Next, you must confirm your consent for identity verification. During the process, you will need to submit the required documents and undergo additional reviews by the bank.

For existing customers, the process is simplified as the bank already has all the necessary information, thereby saving time.

More Details

Absa’s rewards system offers cashback benefits, generally with 30% cashback on purchases in sectors such as supermarkets and beauty.

Absa provides detailed information about its rewards program. Additionally, it features Absa Advantage, offering rewards for completing challenges in the app. 

In terms of security, you don’t need to use the PIN for contactless payments up to R500 or the NotifyMe system to receive alerts via text messages. Furthermore, this card offers extra rewards at Dis-Chem, with tiers for percentages and earnings.

In this way, the card is well-suited for any situation, both inside and outside South Africa.

Want to learn about another option?

If you have a lower income, basically R4,000, you can apply for the Gold, another credit card from Absa Bank.

The card includes security protocols and Absa rewards in the same way, and you can see how to apply.

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