Credit Cards

Absa Student Credit Card full review: should you get it?

A credit card for students that is far superior to many of the luxury cards that are available today in the national market. R0 monthly fee! Read on!

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Absa Student Credit Card: start building your record while still in school with up to 30% cashback

Absa Student Credit Card
Absa Student Credit Card full review! Source: Foster the Money

Meet the Absa Student Credit Card, the card every South African student dreams of having.

Absa logo

Absa Student Credit Card: check out how to apply!

Learn how to apply for the Absa Student Credit Card and build your credit while still in college with 30% cashback, R0 monthly fee, and more!

In fact, this is one of the few student cards with a rewards program that offers up to 30% cashback. All this with a monthly fee of R0! So learn more about this card below!

Monthly IncomeAt least R800;
Monthly FeeR0;
Initiation FeeUp to R175;
Interest RateUp to 57 days interest-free; after that, you’ll pay an interest which is not disclosed on the website;
RewardsAbsa Rewards: cashback of up to 30% at Food Lover’s Market, Pick n Pay, Woolworths, Dis-Chem, fueling or shopping at Sasol and other physical or online partner stores; up to 1.15% cashback in non-partner stores.

Absa Student Credit Card: learn more about this financial product

Understanding why all students prefer this card is extremely simple. This is one of the few student cards that offer a lucrative rewards program.

For example, you get up to 30% cash back on all purchases. In addition, you can count on R1 million travel insurance and free entry to the Bidvest Airport Lounge.

In addition, Visa Exclusive Benefits make your travels better, with access to exclusive discounts on attractions.

Lastly, all of this is on a card with no monthly fee with 57 days without interest charges.

Absa Student Credit Card features

Romantic african girl with trendy hairstyle sitting at her workplace and analysing data. Indoor portrait of black female student working with laptop before exam..
Absa Student Credit Card features. Source: Freepik

In fact, critics call this card one of the best options among student credit cards. However, not all students can apply for this service.

To better understand, learn about the main advantages and disadvantages of this card!

What are the benefits?

  • A rewards program that offers cashback of up to 30% on all purchases (partner stores or not);
  • Extremely low eligibility criteria (you only need to prove a monthly income of R800);
  • Monthly fee R0;
  • Free access to the Bidvest Airport Lounge and travel insurance.

And what are the drawbacks?

  • This card only admits students enrolled in full-time courses;
  • This credit card does not offer any kind of reward for good college grades;
  • You cannot apply for this card through online forms;
  • Students under 18 or over 30 cannot apply for this credit product.

What are the requirements to apply?

Indeed, students must meet certain criteria before applying for this card. So check below the complete list of prerequisites that you must meet to apply for this card:

  • Have a minimum monthly income of R800 (including subsidies, pensions, or stipends);
  • Be between 18 and 30 years old;
  • Must be enrolled full-time at a FET college, SAQA-approved institution, university, university of technology, or private institution.

How does the application process work?

For information on the application process for this card, check out the step-by-step application process in the following post!

Absa logo

Absa Student Credit Card: check out how to apply!

Learn how to apply for the Absa Student Credit Card and build your credit while still in college with 30% cashback, R0 monthly fee, and more!

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