Absa Gold Credit Card
Absa Gold Credit Card South Africa: credit limit up to R80,000, 57-day interest-free period, Visa rewards, purchase protection insurance included. Review on CreditDeals.
Absa Gold Credit Card — Overview
Company history
Absa (formerly Amalgamated Banks of South Africa) has been part of the South African banking landscape since 1991 and traces its roots to the 1880s. The Absa Gold Credit Card has evolved over the years to include the Absa Rewards programme and enhanced digital features via the Absa app. Absa Bank is listed on the JSE and is majority-owned by Absa Group Limited.
Advantages
- Up to 55 days interest-free on purchases (if full balance paid monthly)
- Absa Rewards cash-back programme
- Worldwide acceptance via Visa network
- Contactless payments (Visa payWave)
- Virtual card for online shopping
- NCR-registered (NCRCP7), FSCA and SARB regulated
- Manage via Absa app — 24/7 account control
Disadvantages
- High purchase APR if balance is not fully paid monthly
- Cash advance interest rate significantly higher than purchase rate
- Monthly account fee of R56
- Strict affordability assessment — may not qualify with lower income
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Absa Gold Credit Card — Visit bank
Absa Gold Credit Card South Africa: credit limit up to R80,000, 57-day interest-free period, Visa rewards, purchase protection insurance included. Review on CreditDeals.