In our guide today, we will focus on the Absa student credit card in South Africa.
Absa enables students to get a credit card to finance their day-to-day education needs.
We will start by showing you the requirements to apply for the card.
Requirements For Absa Student Credit Card
The Requirements to open an Absa student account include:
- You should be between 18 and 30 years old
- You should be a full-time student studying for an undergraduate or postgraduate degree
- Valid barcoded South African ID or a valid passport for the foreigners
- Proof of residence not older or more than three (3) months
- Proof of registration at a tertiary institution
- A minimum monthly income of R800
These are the basic requirements to apply for an Absa student credit card in South Africa.
Absa Student Credit Card
The program is available for students registered for a full-time program for tertiary education in southern Africa.
This includes registration at any university, FET College, University of Technology, or a private tertiary institution.
This is the least benefit for any credit card from Absa as it comes for free and doesn’t require much for the qualification process.
The card does not qualify for the garage rewards and doesn’t come with the optional card life plan available for most Absa credit cards.
The card, however, comes with lost card protection which covers the credit card holder in case the card gets lost or stolen.
You get cashback rewards when you pay with the card locally and internationally.
This is how the Absa student card works in South Africa.
Student Card Fees And Rates
There is no monthly fee or monthly credit facility fee for this card.
You are charged R60.00 for any cheque deposit at an Absa branch and R60 plus R2.00 for every additional R100 for cash deposit at an Absa branch.
Cash deposit at an Absa ATM and cashless deposit via the cash acceptor charge R2.00 per R100.00.
Purchases with the card are free locally and internationally.
It is also free to do internal and external debit orders.
These are the Absa student credit card rates and fees in South Africa.