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Absa Student Credit Card review: zero monthly service fees

If you are a student looking for building solid finances for the future, then this Absa Student Credit Card full review is worth reading. Learn now how this Visa works!

Absa Student Credit Card: access rewards while building your financial future

Build credit with this great Absa credit card for students. Source: The Mister Finance.
Build credit with this great Absa credit card for students. Source: The Mister Finance.

Are you planning to start the New Year on the right path? So, read this Absa Student Credit Card review and learn how this Visa can be your next ally if you want to build a solid and stable future.

Absa Student Credit Card

How to apply for the Absa Student Credit Card?

You must meet specific requirements and eligibility criteria in order to apply for an Absa Student Credit Card. Learn how the process works!

Of course, this depends on your responsible behavior more than anything else. However, holding the right tools may lead you there faster!

Credit ScoreNot disclosed
APRDebit Straight Transactions: 20.50%;
Debit Budget Transaction: 20.50%;
Credit: 0.20%
Annual FeeZero
FeesMonthly credit facility fee: none;
Cash deposit: at Absa ATM – R2.50 per R100.00 / Absa branch – R4.00 per R100.00;
Cash withdrawal: Any local bank (assisted) – R80.00 plus R2.50 per R100 / Absa / POS – local – ATM – R2.50 per R100;
Saswitch ATM: R10.00 plus R2.50 per R100 / Overseas – R80.00;
Credit card purchases: Free;Account payments: online or ATM – R10.00 / Absa branch – R80.00;
Funds transfer (branch): R80.00;
Funds transfer (mobile, online, ATM): Free;
Debit orders: Free;
Bank statement: online – R10.00 / Absa Cat ATM – R20.00;
Balance enquiry: Free / Assisted: R9.00;
Insufficient funds fee: R10.00
Welcome bonusNone
RewardsAbsa Rewards: up to 30% cash back on groceries, fuel, health & beauty, and at partners (conditions apply);
up to 1.15% on everything else;
Absa Advantage: complete challenges and get rewarded

Now, take a look at how this student card works so you can get one to enjoy rewards while building your credit record!

How does the Absa Student Credit Card work?

This Absa Student Credit Card review gathers information for students or those who know a student and want to help them to begin with their finances.

Summing up, this Visa is designed for a person registered full-time at a SAQA-approved institution, an FET college, university, or private institution.

Furthermore, it is important to mention that the person must be between 18 and 30 years old. So, if you meet the qualifying criteria described above, this Absa credit card might be a fantastic option.

Also, a minimum monthly income or allowance of R800 is required, which means this card is very accessible. Although it doesn’t offer a welcome bonus, it features two reward programs. 

Certainly, a great choice of credit card compared to similar cards available on the market since most don’t offer rewards.

But you must be wondering how the programs work. Then, check it out:

  • Absa Rewards: up to 30% cash back on groceries, fuel, health & beauty, and at partners (conditions apply), and up to 1.15% on everything else;
  • Absa Advantage: complete challenges and get rewarded.

Simultaneously, this Absa card doesn’t charge a monthly service fee or transaction fees on purchases.

Of course, this card gathers some other features you may love, as follows:

  • Digital and physical banking options and resources;
  • Three complimentary Bidvest Airport Lounge visits per year at preferential rates;
  • Automatic basic travel insurance;
  • Lost card protection for free;
  • Exclusive Visa benefits;
  • Security features like alerts and contactless payment options.

In summary, as can be seen on this Absa Student Credit Card review, this Visa might be one of the greatest options for students since it offers valuable benefits at low costs while helping its consumers to build a credit report.

Absa Student Credit Card Benefits

Save money with a credit card that charges zero monthly fees. Source: Canva.
Save money with a credit card that charges zero monthly fees. Source: Canva.

An Absa Student Credit Card is definitely a good choice for the public. But students need to meet specific requirements to be able to apply for it and enjoy its benefits.

Among its advantages, this Visa offers rewards, basic travel insurance, security features, accessible rates, and no fees on purchases and monthly services.

However, before applying, consider balancing the pros and cons!

Pros

  • It helps students to build credit records;
  • It offers rewards such as real cash back;
  • It doesn’t charge a monthly service fee or transaction fees on purchases;
  • It provides you with basic travel insurance, Visa benefits, airport lounge accesses, security features, and digital banking. 

Cons

  • Branch fees apply. 

Pre-approved credit cards for low credit score available now

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How good does your credit score need to be?

Although the exact credit score required is not disclosed, this card is designed for students who want to build a stable and solid financial future.

So, it allows its card members to build credit records under responsible usage.

Thus, Absa probably considers credit scores below average.

How to apply for an Absa Student Credit Card?

As shown on this Absa Student Credit Card review, you can build a credit record while enjoying rewards at no high costs by applying for this card.

Learn now how you can get one!

Absa Student Credit Card

How to apply for the Absa Student Credit Card?

You must meet specific requirements and eligibility criteria in order to apply for an Absa Student Credit Card. Learn how the process works!

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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