Our article today will focus on how Absa garage card works in South Africa.
We will start by briefly explaining what a garage card is.
What Is A Garage Card
Many banks offer clients, especially companies, the option of a fuel or garage card.
The card is linked to your business or corporate account such that when you purchase fuel, the money is deducted from your account.
We will now show you how the card works.
How Does Absa Garage Card Work
Customers with Absa silver, gold premium, private bank, and wealth account can opt for the garage card.
Transactions with the card are charged directly to your credit card account.
Absa business garage card is user-specific in that only the person whose name is printed on the card can use it.
Your transactions are debited daily against your credit card account.
This is how the Absa garage card works in South Africa.
Now that you know how the card works, we will now show you the cost of having and using the card.
What Is The Cost Of Absa Garage Card In South Africa
To apply for the card, you need to have a minimum monthly income of R4,000.
Transactions with the card attract interest from the transaction date.
Each transaction will cost R6.50 from your account.
With the business silver accounts, you will be charged a monthly fee of R28.50.
Absa private banking and wealth accounts do not attract any additional monthly fees.
The other accounts are charged R305 per year to use the garage card.
This is the cost of the Absa garage card in South Africa.
With this information, we will go ahead and show you the precautions to take to ensure the safety of your card.
What Are The Safety Precautions For Using The Card
Several types of card frauds are reported, and most of them involve a PIN or banking details being compromised during the point of time transactions or at the ATM.
Absa bank has laid down some safety tips that you should go through to ensure the safety of your card.
Below are some of the safety tips when using a garage card in south Africa
- Carry only the card when you need it and never leave it unattended
- Destroy expired cards
- Sign new cards with a pen immediately after you receive them
- Report a lost or stolen card immediately
- Do not use obvious information like a birth year or birth date as a PIN
- Take precaution when giving your card to third parties
- Ensure you take back your card after a merchant swipe
These are the top safety precautions to take when using an Absa garage card in South Africa.
That is all you need to know how Absa Garage Card work.
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