Are you a student looking for a user-friendly credit card that comes with low fees? Well, your search has come to an end. Let me introduce you to the Absa Student Credit Card.

Combining an R0 monthly service fee with introductory perks for card owners, this card is perfect for full-time college students wishing to start building some credit.

If this applies to and interests you, keep reading to find out more about this card’s benefits and also get to know how you can apply today.

Absa Student Credit Card

Benefits and Features of an Absa Student Credit Card

Are you worried that you might get stuck if no one accepts your credit card once you travel out of South Africa? Well, the good news is that this credit card is accepted at locations worldwide, so there’s no need for you to worry about traveling abroad with it.

And, with this credit card, you will also enjoy automatic basic travel insurance. If you are traveling and find yourself in a situation of lost luggage, for example, insurance will help to sort you out.

Another great perk that students get to enjoy out of this credit card is up to 57 days of zero interest on purchases. This is a great window of opportunity to use your card to make some of those early purchases for school necessities, without facing overwhelming interest.

The Absa Bank also assures you that you shouldn’t get worried about the safety of your credit card. With their 24⁄7 standby customer care, in case you spot any unusual activity going on, give them a call, and they will be at your service.

Lastly, this card is perfect for students looking to build a credit history. With the Absa Credit Card, this is made simple and possible. All you have to do is pay your dues and use your card responsibly, and you can start to build credit as you work your way up.

Now that you’re familiar with some of the great benefits for students that this card has to offer, let’s found out criteria for eligibility and how you can apply.

Eligibility and How to Apply for an Absa Student Credit Card

Applying for this credit card is very simple and straightforward, as long as you are eligible. To qualify, you must be between the age of 18 and 30 years with a minimum monthly allowance or income of R800. Furthermore, you must be a full-time registered student at a SAQA-approved institution, university, FET College, University of technology, or any other private institution.

To apply, head to the Absa Bank website and prepare the following documents: a South African ID book or Smart card, proof of residence, and your latest income for the past three consecutive months.

Absa Student Credit Card Fees & Charges

To fully enjoy the benefits that come with this credit card, it is always advisable to pay your credit card on time to avoid incurring extra charges from the bank that could negatively affect your credit score.

Here is a brief overview of the fees and rates associated with this credit card

  • R0 monthly account fee
  • R25 monthly credit facility fee
  • 0% introductory interest rate for up to 57 days of opening a card (18% after)
  • No purchase transaction fees
  • ABSA ATM fee – R3.95 plus 1.15% of the withdrawn amount
  • Non-ABSA ATM fee – R9.95 and the 1.15% 

For more detailed information on their fees and annual rates, visit the Absa Bank website, contact a bank consultant, or visit your nearest branch in person. Absa’s address is at the 7th Floor of Absa Towers West, 15 Troye Street, Johannesburg, South Africa.

Conclusion

The busyness of being a student doesn’t have stop you from beginning to build your credit score. This card provides the perfect amount of financial responsibility for full-time students, as well as great travel perks and a low introductory interest rate. Head to the Absa Bank website today and apply for your own student credit card.

Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.