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Absa Student Credit Card

Flavia Rozinholli
junho 7, 2024

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If you are a student looking for an efficient and secure way to manage your finances, the Absa Student Credit Card might be the perfect solution. This credit card meets the financial needs of students, offering unique benefits and features like cashless transactions and a solid financial history.

The Absa Student card has no monthly fees, easing financial stress. With chip and PIN technology, your transactions are secure, whether shopping online or in-store. Plus, you’ll receive real-time transaction alerts for added security.

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Applying for the Absa Student Credit Card is simple. Visit the Absa website, fill out the application form, and submit the required documents. Keep reading to learn more about its benefits and how to apply for yours today!

About the Absa Bank

Absa Bank Limited is one of the largest financial institutions in South Africa, offering a wide range of banking products and services. Founded in 1991, the bank has a strong market presence, serving millions of customers across the country. Headquartered in Johannesburg, Absa is a wholly-owned subsidiary of Barclays Africa Group.

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Absa stands out for its commitment to innovation and financial inclusion. The bank invests significantly in technology to provide efficient digital banking services, such as Absa Online Banking and the Absa Banking App. These platforms allow customers to manage their finances conveniently and securely.

In addition to its financial services, Absa is recognized for its corporate social responsibility initiatives. The bank supports various community and educational projects, aiming to contribute to the sustainable development of the communities it serves. Absa also promotes skills development programs to empower young people and entrepreneurs.

Card Benefits

No Monthly Fees: Manage your expenses without the burden of additional monthly charges, making it easier to keep your budget on track and save money.

Chip and PIN Technology: Ensures secure transactions both online and in-store, providing an extra layer of protection against fraud and unauthorized access.

Real-Time Transaction Alerts: Stay informed about your spending with instant notifications, helping you monitor your account activity and detect any suspicious transactions immediately.

Cashless Transactions: Enjoy the convenience of using your card for all purchases, eliminating the need for carrying cash and making payments quicker and easier.

Exclusive Student Discounts: Access special offers and discounts tailored specifically for students, helping you save money on essential purchases like books, supplies, and more.

Online Shopping Protection: Benefit from enhanced security features like purchase alerts and fraud detection when shopping online, giving you peace of mind with every transaction.

Budgeting Tools and Financial Advice: Utilize available resources to manage your money wisely, including budgeting tools and financial advice to help you build good financial habits for the future.

Solid Financial History: Start building a credit history early in your financial journey, setting the foundation for better financial opportunities and credit options in the future.

Absa Student Fees and Commissions

The Absa Student Card offers significant advantages, including no monthly maintenance fees, making it easier for students to manage their finances without additional costs. Enjoy up to 57 days interest-free on qualifying transactions, and take advantage of the secure chip and PIN technology for all your purchases.

For cash advances, a fee of 3% of the amount withdrawn applies, with a minimum charge of R15. When making purchases in a foreign currency, a 2.75% fee on the transaction amount is charged. Additionally, a late payment fee of R145 per missed payment encourages timely payments.

Please note that fees and commissions are subject to change without prior notice. For the most up-to-date information, visit the Absa website.

Positive points

COMPLETE DIGITAL ACCESS
Users have free access to Absa’s digital platforms, making financial management easier.
CREDIT BUILDING
Ideal for starting a solid credit history.
NO MONTHLY FEE
Enjoy your card without paying a monthly fee.

Negative points

LIMITED REWARDS PROGRAM:
The card offers limited rewards compared to other student credit cards, providing fewer benefits and cash-back opportunities.
HIGH FEES FOR CERTAIN TRANSACTIONS:
Fees for cash advances (3% with a minimum of R15) and foreign transactions (2.75%) can add up, especially for frequent travelers or those needing cash access.
CREDIT LIMIT RESTRICTIONS:
The credit limit is based on financial situation and creditworthiness, potentially resulting in a lower limit for students with limited credit history.

Credit card limit

The credit limit for the Absa Student Credit Card is determined based on the individual’s financial situation and creditworthiness. This means that Absa evaluates the student’s payment capacity and financial health to set an appropriate credit limit. This personalized analysis ensures that the credit limit granted aligns with the user’s financial conditions, promoting responsible credit usage.

To adjust or check your specific credit limit, you have several options available. You can manage your limit through Absa Online Banking, using the Absa Banking App, or by visiting the nearest Absa branch. These options provide flexibility and convenience, allowing you to control and adjust your credit limit as needed.

How to apply for Absa Student

Visit the Absa website.
Navigate to the Student Credit Card section.
Complete the online application form with your personal and financial details.
Submit the required documents: valid South African ID, proof of residence, and proof of income for the last three months.

You will be redirected to the card website

How to contact Absa

For more information or to apply for your card, you can contact Absa through the following channels:

Phone: General Card Support: 0861 462 273 / Lost and Stolen Cards (24/7): 0800 111 155 / International Support: +27 11 354 4001
Email: [email protected]

The Absa Student card is an excellent choice for students looking for a secure and economical way to manage their finances, offering substantial benefits without the burden of high monthly fees.