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Absa Private Banking Visa Signature Credit Card review

This Absa Private Banking Visa Signature Credit Card review gathers important information about this exclusive offer from Absa Bank. Find out if this card would fit your goals!

Absa Private Banking Visa Signature Credit Card: rewards, insurance, private assistance, and more

This credit card is perfect for travelers. Source: The Mister Finance.
This credit card is perfect for travelers. Source: The Mister Finance.

This Absa Private Banking Visa Signature Credit Card review is worth reading if you are looking for a card with a comprehensive list of advantages.

Absa Private Banking Visa Signature Credit Card

How to apply for the Absa Private Banking

Check out how to apply for an Absa Private Banking Visa Signature Credit Card and enjoy exclusive access to airport lounges around the world!

Also, if you don’t know what a Visa Signature is, you should read it until the end of this article, especially if you are a frequent traveler.

RequirementsMonthly income of at least R62 500; At least 18 years old; A valid South African ID book or smart card; Proof of residence and recent proof of income (three consecutive months)
Initiation FeeNone
Monthly FeeR155.00 
FeesMonthly credit facility fee: R30.00;
Cash deposit: at Absa ATM – R2.50 per R100.00 / Absa branch – R4.00 per R100.00;
Credit card purchases: no fees on transactions (swipes);
Account payments: online – R10.00 / Absa branch – R80.00 / ATM – none;
Funds transfer (branch): Free;
Funds transfer (mobile, online, ATM): Free;
Debit orders: Free;
RewardsAbsa Rewards: up to 30% cash back on eligible groceries, fuel, health and beauty products, and other partners, plus 1.15% on other purchases;
Absa Advantage: complete challenges and get rewarded;
Visa Benefits 

Of course, choosing a credit card among the many options is not easy. But this article will make your choice easier! Then, continue reading to learn all about a spectacular card offered by Absa Bank.

How does the Absa Private Banking Visa Signature Credit Card work?

As shown before on the chart on this Absa Private Banking Visa Signature Credit Card review, this card is a fantastic choice for those who want to enjoy an infinite list of advantages.

However, it is a little pricy. To sum up, it costs R155.00 per month, in addition to other fees that may apply.

On the other hand, perks may overcome costs, depending on how you will use them.

For instance, if you are a frequent traveler and shopper, you will be able to enjoy it to the fullest. 

Now, take a look at all you can get by applying for this Visa Signature:

  • 24/7 private assistance;
  • 24 complimentary visits at Bidvest Airport Lounge plus 2 guest visits each year;
  • 6 complimentary international airport lounge visits plus one guest visit each year;
  • Travel insurance, purchase protection, extended warranty, and free lost card protection;
  • Access Absa Rewards and Absa Advantage programs;
  • Access Visa benefits, including Booking.com offers and more.

Certainly, a card that is considered complete for those who look for something extra when traveling abroad.

Besides all those features, this Absa Private Banking card offers a credit limit of up to R228 000, and you can get up to 57 days of interest-free on eligible transactions.

Lastly, there are no fees for swipes.

Absa Private Banking Visa Signature Credit Card benefits

See if this exclusive credit card matches your lifestyle. Source: The Mister Finance.
See if this exclusive credit card matches your lifestyle. Source: The Mister Finance.

In essence, this is a fantastic card, but it is only suitable for those who frequently travel and those who can afford it.

So, before applying, check out the list of pros and cons!

Pros

  • It offers a comprehensive list of benefits, including rewards and Visa Merchant & partners offers;
  • It provides you with 24/7 private assistance, travel insurance, and purchase protection;
  • It offers exclusive access to airport lounges;
  • It features up to 57 days of interest-free on eligible transactions;
  • There are no transaction fees on swipes;
  • It offers a credit limit of up to R228 000.

Cons

  • It charges a quite high monthly fee;
  • It requires at least an R62 500 monthly income.

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How good does your credit score need to be?

Unquestionably, a Visa Signature requires at least good creditworthiness, although the bank doesn’t fully disclose this information.

Also, it requires a monthly income of at least R62 500.

How to apply for an Absa Private Banking Visa Signature Credit Card?

All things considered, on this Absa Private Banking Visa Signature Credit Card review, it is time to learn how simple it is to apply for it. Then, find out the details in the following post!

Absa Private Banking Visa Signature Credit Card

How to apply for the Absa Private Banking

Check out how to apply for an Absa Private Banking Visa Signature Credit Card and enjoy exclusive access to airport lounges around the world!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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