Absa Gold Credit Card

Absa Gold Credit Card — Terms and Conditions

## Absa Gold Credit Card — contractual terms Your signature binds you to a revolving credit agreement. The National Credit Act governs every fee, rate review and disclosure Absa must serve before activation. Treat the table below as a summary; the pre-agreement statement issued at approval remains authoritative. ### Pricing and limits | Parameter | Value on file | |---|---| | Credit limit | Up to **R50,000** after NCA affordability review | | Purchase interest | **~22.5%–27%** p.a., linked to prime with periodic repricing | | Cash advance interest | **Prime + 8%** p.a. | | Interest-free purchases | Up to **55 days** if the entire outstanding balance clears by the due date | | Minimum repayment | **3%** of the balance or **R150**, whichever is greater | | Monthly account fee | **R56** | | Card replacement | **R140** | | International spend surcharge | **2.75%** of the transaction value | | Billing currency | **ZAR** even when you swipe overseas | | Network | **Visa** | Prime movements from the SARB flow through to your purchase margin on the bank's review cycle. Cash advances never participate in the grace window; interest accrues from the withdrawal date. ### Who may apply - South African citizen or permanent resident, age **18+** - Valid green barcoded ID or Smart ID card - Net monthly income of at least **R3,000** - Three recent payslips or equivalent proof of earnings - Three months of bank statements showing inflows - Successful NCA affordability assessment plus bureau pull at TransUnion SA or Experian SA ### Documents to prepare Bring your identity document, the payslip pack, bank statements and a recent proof of residential address. Names and account numbers must match bureau records to avoid rework. ### Compliance context Absa Bank Limited registers as credit provider **NCRCP7**. Authorised Financial Services Provider licence **FSP 4** covers advisory activities where applicable. Branch code **632005** identifies the bank on EFT references. Initiation charges, if any, and service fees must stay within NCA ceilings; the R56 maintenance fee is quoted explicitly on the schedule. ### Practical borrower notes Paying only the minimum keeps the account current but lengthens interest costs on the remaining balance. Clearing the statement total each month preserves the 55-day purchase holiday. Avoid ATM cash advances except in genuine emergencies because the rate premium is material.

Main Conditions

Borrower Requirements

• •South African citizen or permanent resident aged 18 or older
• •Valid South African ID or Smart ID card
• •Minimum monthly income of R3,000 (net)
• •Latest 3 months' payslips or proof of income
• •Latest 3 months' bank statements
• •NCA affordability assessment and credit bureau check

Required Documents

• 📄South African ID or Smart ID card
• 📄Latest 3 months' payslips
• 📄Latest 3 months' bank statements
• 📄Proof of residential address