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Absa Student Credit Card review: exceptional rewards
Learn how this card helps you build your credit as a student in this Absa Student Credit Card review.
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Earn rewards, get unlimited 0% intro APR, worldwide acceptance, multiple benefits and more!
With advanced security features and worldwide acceptance, this card gives you cashback rewards on all purchases and much more. Definitely, the Absa Student Credit Card deserves a full review.
How to get your Absa Student Credit Card
Looking to get a student credit card that helps you build credit? With this Absa Student Credit Card application guide you can!
- Requirements: Not specified
- Initiation Fee: None
- Monthly Fee: None
- Rates: 0% APR on purchases and balance transfers for the first 12 months
- Rewards: 2% cashback on all purchases, unlimited 1% cashback on everything else.
This credit card is ideal for individuals looking for a flexible reward system, a waived initiation fee, and competitive interest rates. Read on and learn all you need to know about it!
Absa Student Credit Card: how does it work?
The Absa Student Credit Card is a great opportunity for students in South Africa to build a solid credit score.
To be eligible, a student must be enrolled in a full-time program at one of the following instututions: a South African university, a FET college, a university of technology, or a private tertiary institution.
They must also receive a minimum monthly allowance of R800.00. The card offers 57 days of interest-free credit on qualifying purchases. It charges no monthly account fee or monthly credit facility fee.
Cardholders also get automatic basic travel insurance of R1,000,000.00 and lost card protection. The card features contactless technology, a free notifyMe service, and fixed monthly outstanding debt repayments.
However, it does not come with garage card access or a credit life plan.
You must also provide a South African ID book or Smart card, proof of income, and be registered at a SAQA approved institution.
Overall, the Absa Student Credit Card is a great starting point for students looking to build their credit history.
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Significant benefits and disadvantages you may find
Now it’s time to put all the relevant points you’ve seen in this Absa Student Credit Card review side by side for comparison. Therefore, have a look at the list of benefits and disadvantages below.
Benefits
- No annual fee.
- Travel insurance.
- No foreign transaction fees.
- Wide acceptance globally.
Disadvantages
- High interest rate.
- Complicated rewards program.
- Limited redemption options.
- No introductory APR period.
Is a good credit score required for applicants?
The Absa Student Credit Card, as you can tell by its name, is a student credit card. Students generally haven’t had the time to build a solid credit score.
The Absa Student Credit Card provides them with an opportunity to do just that. Therefore, the card does not require a good credit score for you to qualify.
Learn how to apply and get a Absa Student Credit Card
Like what you have learned in this Absa Student Credit Card review? Then click the link below, read our application guide, and learn how to apply for this card in just a few minutes!
How to get your Absa Student Credit Card
Looking to get a student credit card that helps you build credit? With this Absa Student Credit Card application guide you can!
About the author / Danilo Pereira
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