Credit Cards
Absa Gold Credit Card review: earn cash back on purchases
Ensure up to 30% cash back! Learn more about the Absa Gold Credit Card and how it can be a helping hand in your financial life.
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Enjoy up to 57 days interest-free in qualifying transactions!
In this review, we bring a card with an excellent rewards program: Absa Gold Credit Card. It is a great option for building your credit history.
Absa Gold Credit Card: how to apply
Learn how to apply for Absa Gold Credit Card! Up to 57 interest-free days and cash back on purchases! Read on!
While offering a low monthly fee and many benefits, the Absa Gold Credit Card is a handy way to manage your spending. So check out its features!
Min. Monthly Income | R4,000; |
Initiation Fee | No initiation Fee; |
Monthly Fee | R55; |
Interest Rate | Up to 57 days interest-free on qualifying transactions, after you’ll be charged an interest rate that is not disclosed on their website; |
Rewards | Earn up to 30% real cash back, depending on your Rewards Tier. |
Absa Gold Credit Card overview
The Absa Gold Credit Card is a card offered by Absa with value-added benefits, rewards, and protections.
This card requires a minimum income of R4000.00 while offering cash back for groceries, fuel, and health and beauty purchases.
You’ll earn up to 30% cash back at partners and up to 1.15% real cash back on all other purchases.
This credit card also offers R1,5 million in automatic basic travel insurance for overseas travel.
Therefore, this card provides some interesting benefits but is limited compared to rival tier credit cards.
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Absa Gold Credit Card’s main features
As a credit card designed for people with low monthly income, this card does not have many qualifying criteria and requirements.
Thus, this card has some competitive advantages that might be considered if you’re looking for a rewarding card with an easy application process.
In this Absa Gold Credit Card review, we’ll check its features: how it is a better option than its rivals and where it might fail.
Pros
- Get cash back when you pay with your card locally and internationally;
- Low monthly fee;
- Low minimum monthly income;
- 24/7 transaction monitoring;
- No transaction fees on purchases.
Cons
- Low credit limit (R90 000).
Requirements needed to apply
This card requires you to be 18 years or older and have a monthly income minimum of R4,000.
You also must have a valid South African ID book or Smart card, proof of residence, and the latest proof of income for three consecutive months.
You’ll still be subjected to an affordability assessment.
How to apply for the Absa Gold Credit Card?
The Absa Gold Credit Card might be a great option if you’re looking for a card to help you build credit while earning rewards.
Are you interested? Then check out the next post on how to apply for this card.
Absa Gold Credit Card: how to apply
Learn how to apply for Absa Gold Credit Card! Up to 57 interest-free days and cash back on purchases! Read on!
About the author / Giovanna Klein
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