ABSA Gold Credit Card review: Get 57 days interest-free credit
Read this ABSA Gold Credit Card review and learn all you need to know about this card's interest-free period, rewards and more!
Access to discounts, tap to Pay, and credit life protection with your ABSA Gold Credit Card
Enjoy 57 days of interest-free credit and automatic travel insurance with this amazing credit card. Read on and learn all you need to know in this ABSA Gold Credit Card review.
- Requirements: ID, Proof of residence, Income
- Initiation Fee: None
- Monthly Fee: R23.00
- Rates: 3% Minimum outstanding
- Rewards: Cashback, discounts, travel insurance
Get cash rewards and discounts on purchases with the Absa Gold Credit Card, featuring Tap to Pay technology and a low monthly account fee.
ABSA Gold Credit Card how does it work?
The Absa Gold Credit Card is a great option for those looking for a first-tier credit card that provides excellent value. It has a low monthly account fee of R23.00 and all of the usual credit card perks.
This card is perfect for those who want to use their credit card anywhere in the world. It comes with innovative card technology for easy online and in-store transactions, and it also offers a range of lifestyle, travel and insurance advantages.
One of the biggest advantages of the Absa Gold Credit Card is its lifestyle advantages. This includes discounts and cashback incentives on certain purchases.
Additionally, the card offers travel advantages. You will get preferential rates at Bidvest airport lounges, as well as insurance advantages such as basic travel insurance.
The credit limit of R90,000.00 is comparable to its competitors, and the credit can be used for any purchase that an account holder desires.
Also, the card has some credit requirements. You must earn between R4,000.00 to R25,000.00 to qualify and be 18 years old at the time of application.
Besides that, you must have a valid South African ID book or Smart card, proof of residence and proof of income.
Overall, the Absa Gold Credit Card provides some of the most interesting benefits for a first-tier credit card. However, it has limited benefits when compared to rival tier credit cards.
Some essential features are missing from the credit card. Things such as complimentary airport private lounge visits or free access to the Absa rewards program.
Still, it’s a great option for those who are looking for a card that offers a range of lifestyle, travel and insurance advantages.
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Significant benefits and disadvantages you may find
Now that you are familiar with this card’s details let’s have a look at its pros and cons. Our ABSA Gold Credit Card review would not be complete without it.
- Low initiation fee
- No annual fee
- Competitive rates
- Generous rewards program
- Good credit required
- Limited acceptance
- High interest charges
- Limited additional benefits.
Is a good credit score required for applicants?
ABSA does not specify if a good credit score is necessary for applicants of the ABSA Gold Credit Card. However, the card issuer will likely take the applicant’s credit score and credit history into consideration.
Learn how to apply and get an ABSA Gold Credit Card
Do you like what you have seen in this ABSA Gold Credit Card review? If so, take the next step and apply for the card in just a few minutes.
Click on the link below, and we are going to show you how to do it.
About the author / Danilo Pereira
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