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ABSA Premium Banking Credit Card full review: Travel insurance!

Are you looking for a card with 24/7 online banking and travel insurance? If so, read our ABSA Premium Banking Credit Card review and see the pros and cons!

ABSA Premium Banking Credit Card: 24/7 online banking and rewards!

Looking for a premium credit card? Take a look at This one issued by Absa. Source: The Mister Finance.
Looking for a premium credit card? Take a look at This one issued by Absa. Source: The Mister Finance.

Are you a South African looking to get the best out of your banking experience? Then you’re in luck – ABSA introduces its Premium Banking Credit Card, and you can read our review here!

ABSA Premium Banking credit Card

How to apply for ABSA Premium Banking Credit Card?

If you need a card with 24/7 online banking and features for travelers, read on to apply for the ABSA Premium Banking Credit Card!

Requirements*You’ll need to earn at least R25,000 per month;
Be at least 18 years old or more;
You’ll need to have a valid South African ID and proof of residency;
There can be other requirements to apply.
*Terms apply.
Initiation Fee*Up to R175.
*Terms apply.
Monthly Fee*R62 per month to keep the account;
R30 monthly credit facility fee.
*Terms apply.
Fees*There are no transaction fees for purchases;
Up to 57 days interest-free on eligible transactions.
*Terms apply.
Rewards*30% cash back, depending on your Rewards Tier when purchasing with your card internationally or nationally;
You can earn Premium Rewards Booster at Dis-Chem (up to an additional 10% booster on the standard Absa Rewards rate);
*Terms apply.

Also, this card is here to make your life easier! With 24/7 online and mobile banking at your fingertips and excellent rewards, this card is designed to provide top-notch traveling convenience, lifestyle, and security!

Moreover, you can take comfort in knowing that all purchases are protected by insurance for any unauthorized or fraudulent activity.

Plus, you can enjoy incredible rewards and travel perks! Therefore, read on for our review of all the benefits available with an ABSA Premium Banking Credit Card!

How does the ABSA Premium Banking Credit Card work?

The ABSA Premium Banking Credit Card offers 24/7 online banking and discounts and rewards on various goods and services!

Moreover, you can use your card to earn rewards for your spending. Also, this card can be an ideal choice for frequent travelers! This is because you can find travel insurance and other travel perks.

For example, you can earn up to 30% cashback with Absa Rewards. Plus, you’ll find ways to boost your rewards at Dis-Chem!

ABSA Premium Banking Credit Card benefits

Enjoy your life with your finances under control. Source: Canva.
Enjoy your life with your finances under control. Source: Canva.

As mentioned, this card offers great perks for those who love to travel and earn rewards. Also, you can even find travel insurance of up to R3 million for various travel emergencies!

However, this car also has some downsides. So, read the pros and cons below!

Pros

  • Reasonable credit limit;
  • Find ways to easily shop online and in-store;
  • There are no transaction fees for purchases;
  • You can pay extra amounts on your monthly payment installments;
  • Get up to 57 days interest-free (Valid for eligible purchases);
  • Travel insurance and perks;
  • Absa rewards and Premium Rewards Booster are available.

Cons

  • There could be more information about the fees this card charges;
  • You’ll need to meet financial requirements to qualify.

Pre-approved credit cards for low credit score available now

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How good does your credit score need to be?

No information about the credit score required to qualify for this credit card is available.

However, you’ll need to meet other requirements, and they will evaluate your financial situation during the application process.

How to apply for the ABSA Premium Banking Credit Card?

You can apply for this card online and only need a computer and internet access. Therefore, you should only know if you meet the requirements before you start applying!

ABSA Premium Banking credit Card

How to apply for ABSA Premium Banking Credit Card?

If you need a card with 24/7 online banking and features for travelers, read on to apply for the ABSA Premium Banking Credit Card!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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