Getting the Most from the Absa Student Credit Card

The Absa Student Credit Card is designed to open doors to financial freedom. The card is ideal if you have an allowance of at least R800 a month.

Subject to an affordability assessment, the Absa Student Credit Card is available to full-time registered students at any University, University of technology, TVET College or private tertiary institution.

What are the benefits offered by an Absa Student Credit Card?

No monthly service fee
It’s a good way to help you build a credit history. As long as you don’t excess your credit limit and you pay your balance off diligently at the end of every month, you’re likely to establish a good credit record
The card is accepted worldwide
Offers up to 57 days of interest-free credit
Automatic basic travel insurance
Free Lost Card Protection
Free monthly eStatements
You can use the card for secure online shopping
You have access to cash in cases of emergencies

What are the qualifying criteria?

Be between the ages of 18 and 30 years
Be a registered full-time student at an FET college, SAQA-approved institution, University, University of technology or private institution.
Have a monthly income or allowance of R800

Documents required:

Valid South African ID
Provide proof of residence
Provide latest 3 months’ bank statements

One of the reasons for Absa offering this credit facility, is that it can help if you are keen to start building up a good credit history. Although it is a risky offering, the bank lends prudently in line with National Credit Act regulations and relating to individual affordability

Tips for students when looking for a student credit card: