How to Apply for your Credit Card: Absa Student Credit

The student credit card designed by Abasa was designed so that students do not need a lot of money to apply for it and know how to manage it. A minimum income of at least R800.00 is required to request it. This income can be due to subsidies or scholarships. There are no limitations in this regard. Another plus point for those who have this card is that there are no monthly service fees or installation fees.

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Characteristics of Absa’s Credit Card for Students

Below we mention some of the most outstanding features of the Student Credit Card, which will surely help you to know if it is worth applying for:

• It does not have an established monthly service fee.
• This card is ideal for students to start building their credit history.
• It is a card you can use in South Africa or anywhere in the world.
• It offers up to 57 days without interest on purchases.
• You have travel insurance with basic coverage for emergencies.

Absa Student Credit Card fees and commissions

One of the most worrying situations when having a credit card is all the commissions and interest that the card can have. Below, we explain the fees associated with the Absa Student Credit Card:

• The monthly service fee is R0.00.
• The monthly setup fee is R0.00.
• The payment notice is R0.60
• Charges for returned payment is R8.50

Absa Student Credit Card Requirements

It must be clear that the Student Credit Card is an exclusive product for students. In addition to this requirement, it is imperative to comply with some others:

• The student must have a minimum monthly income of R800.00.
• You must be of legal age, that is, 18 years old or older at the time of making the request.
• You must provide proof of income for the last three months before applying.
• You must be a South African citizen and prove this by presenting a valid ID book or smart card.
• Submit a certificate of residence.

However, not all South African students can apply for this card. Only those registered in the following educational institutions can do so:

• FET college.
• The University of Technology.
• SAQA Approved Institution.

Benefits of owning an Abas Student Credit Card

For students, owning a credit card can get them out of trouble. The problem is that, as students, most are not eligible for a credit card. For this reason, Absa thought of creating a card aimed at students but offering similar benefits to other credit cards. Some of those benefits are:

• Absa Rewards: Users of this card can enjoy Absa user rewards such as cashback for paying with their cards. They can do simple challenges in the app and thus receive Absa Advantage rewards, mostly meal vouchers at certain restaurants.
• Digital banking: Absa has an application for all its users through which they can verify the transactions, commissions, and credits they have on their cards anywhere in the world.
• Free travel insurance: The student card offers its users free travel insurance with coverage of up to R1,500,000.00. It is valid for trips no longer than 90 days.
• It allows for creating a credit profile: Something that is difficult for students to do, but thanks to the credit card, they can start creating without problems.
• Protection for a lost or stolen card: If your student card is lost or stolen, you can call the bank to report it for free.
• Transaction notification alerts: You can activate real-time notifications via SMS that report any transaction made with the card. This is a measure to identify fraudulent situations on the spot.
• Contactless payments: The card has a system in which you can pay without much effort and even contact.
• Secure online purchases: A remarkable advantage of the Absa Student Credit Card is that it is safe, and you can make purchases online without worrying about cloning or fraud. You can make these purchases in national or international stores.
• Fixed payments: Being a student card, Absa knows very well that planning to pay is essential. For this reason, the fee to pay the card is fixed each month, something that students appreciate. Of course, if someone wants and can pay more than the established quota, they can do so.
• Bidvest Airport Lounge Access: The Absa Student Card offers three complimentary visits a year to Bidvest Airport for free. In addition, after those free visits have been consumed, you will obtain preferential prices if you need access at other times.
• Benefits from Visa: Because it is a Visa card, card customers can also enjoy special offers and discounts granted by Visa.

Conclusion

Absa student credit cards are ideal for students with no credit history who want to start building one. On the other hand, not having a monthly fee for facilities is beneficial for students whose economic income is limited.

This card is for students whose minimum income is at least R800.00, an affordable amount they can also get through subsidies or scholarships.

Apart from these benefits, when using this card, students can enjoy rewards, offers, and discounts. The fixed monthly fees to pay for the card is a plus that helps students organize themselves better and have financial freedom.

If you are a student and want to have one of these credit cards issued by Absa, you should know that the application process is quite simple and that you can even do it directly through the bank’s website. But, you must meet all the requirements and have the documentation requested.

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