Absa Gold Credit Card
- APR
- 11.0% – 21.5%
- Annual Fee
- R828
- Rewards
- Up to 1.0%
The Absa Gold Credit Card offers up to R90,000 credit with cashback rewards, travel insurance, and preferential lounge access for R69/month.
You'll be redirected to absa.co.za
Our Verdict
The Absa Gold Credit Card is appealing for those who travel frequently and want to earn cashback on purchases. However, the minimum income requirement of R7,000/month may limit access for some potential applicants.
Pros
- Up to R90,000 credit limit
- Cashback rewards on purchases
- Travel insurance included
- Bidvest lounge access at discounted rates
- Affordable monthly fee of R69
Cons
- Requires a minimum income of R7,000/month
- No welcome bonus offered
- Higher APR range from 11% to 21.5%
- Cashback rewards limited to Absa Rewards program
- Potentially high interest for carry-over balances
This credit card from Absa offers a tempting blend of rewards and travel perks. With a monthly fee of R69, cardholders can access up to R90,000 in credit, which is ideal for regular travellers. However, the APR ranges from 11% to 21.5%, which can be steep for those who tend to carry a balance.
Absa's cashback rewards focus on card purchases, but they limit the earning potential to the Absa Rewards system. This may not be as flexible as some competitors that offer broader categories for earning rewards. Notably, the card includes travel insurance and access to Bidvest lounges at preferential rates, which can be significant benefits for frequent flyers.
It’s crucial to be aware that the minimum income requirement of R7,000/month might exclude some potential users. the lack of a welcome bonus means those new to the card will need to start earning rewards from their first purchase without any initial incentive. Overall, while the Absa Gold Credit Card has attractive features, users should weigh the costs carefully against their spending habits.
Who It's For
Salaried professionals in South Africa who regularly travel and can manage their credit responsibly.
Watch Out
The interest rates can escalate to 21.5%, making it costly if the balance is not paid in full monthly.
Best For
Individuals with a minimum monthly income of R7,000 who frequently travel and value cashback rewards.
You'll be redirected to absa.co.za
What Customers Say
Cardholders appreciate the cashback rewards and travel benefits, though some express concerns about the high-interest rates.
