Are you interested to know about the Absa gold account in South Africa? Check out this guide to learn.
We will show you the qualifying criteria and requirements for an Absa gold account.
How To Qualify For Gold Account
Below are the basic requirements for an Absa gold account:
- You have to be 18 years or older
- You need a valid South African ID or smart card.
- Provide proof of residence, e.g., a utility bill
- Provide proof of income for three consecutive months
- You must have a minimum monthly income of R4 00
These are the requirements to qualify for a gold account in South Africa.
Now that you know the qualifying criteria, we will show you exactly how the account works.
Absa Gold Account
When you register for the Absa gold account, you are offered the Absa gold credit card that is accepted globally.
This is a safe way to shop online with a verified Visa feature and 24/7 transaction monitoring.
You can get up to 8 supplementary cards.
You can use your Absa banking app to stop and replace your card, manage your daily card limits and report any fraud.
You can also log in to Absa online banking anytime to access all banking services.
You enjoy travel insurance of R1.5 million for a range of travel emergencies with this account. In case you lose your card or it gets stolen, contact Absa on 0800 111 155 immediately.
You get cashback when you pay with the Absa gold card locally and internationally.
You can apply for the gold credit card through online banking or by contacting Absa at 0861 114 411.
You can also visit any branch near you to complete the application process.
This is how the gold account works in South Africa.
Now that you understand how the account works, we will show you the rates and fees associated with the account.
What Are The Rates And Fees
You will get up to 57 days interest-free on qualifying Absa transactions.
There is no transaction fee when you purchase with n Absa gold credit card.
You can pay extra on your monthly installments if you need to, as there is no fixed monthly payment.
You have a credit limit of up to R90,000 with a gold credit card.
This is the fee associated with the Absa gold account in South Africa.