Since this is a Private Banking credit card, to become eligible for it, you’ll need to create an ABSA account. You also need a minimum monthly income of R62,500 and an excellent score. Other qualifying criteria are being a South African resident over the age of majority and with a valid ID. You also need to be fully employed and provide ABSA with all the required documentation like bank statements and a recent proof of residence.

Your ABSA Visa Signature Credit Card spending limit and interest rates will be determined according to your credit risk profile. You can get a spending limit as high as R228,000, but the bank only discloses your APR once they assess your financial profile. Regardless, you can get up to 57 interest-free days on purchases you make when you pay your balance on time and in full every month.

The ABSA Visa Signature Credit Card provides all cardholders a premium card with global acceptance. You’ll get cash back rewards on local and international purchases, automatic travel insurance, exclusive Visa Signature perks on hotel accommodations, 24 complimentary Bidvest Airport Lounge visits per annum (with 2 guest visits), and 6 Lounge Key access on international airports per annum with 1 guest per visit.