SA

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.

Advertisement

by Danilo Pereira

Published on 02/17/2023

Earn rewards, get unlimited 0% intro APR, worldwide acceptance, multiple benefits and more!

Absa Student Credit Card
The Absa Student has everything you need on a credit card. Source: The Post New.

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.

Absa Student Credit Card

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.

Significant benefits and disadvantages you may find

Absa Student Credit Card
Enjoy a card with rewards. Source: Canva.

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.

Advertisement

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!

Absa Student Credit Card

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

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

Trending Topics

content

How to get your Tomo Credit Card

See how the Tomo Card application process works and how the company evaluates your financial profile in order to approve your request.

Keep Reading
content

Amex EveryDay® Preferred Credit Card review: a convenient and valuable card

In this Amex EveryDay® Preferred Credit Card review you will see how this card gives you a nice welcome bonus with no annual fee.

Keep Reading
content

Instacart Mastercard® Credit Card review

The Instacart Mastercard® Credit Card is a great way to earn rewards on groceries, and more! Check our full review to learn all about it.

Keep Reading

You may also like

content

Juno Checking Account review: is it trustworthy?

This Juno Checking Account review will show you how you can earn 5% cash back on cash purchases and 10% cash back on crypto purchases.

Keep Reading
content

Secured Sable ONE credit card review

Check this Secured Sable ONE credit card review and learn about all the features and benefits this card can add to your everyday life.

Keep Reading
content

Serve® Pay As You Go Visa® Prepaid Card review

Check out this Serve® Pay As You Go Visa® Prepaid Card review to see if it’s the right choice for your financial needs.

Keep Reading