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ABSA Student Credit Card Review

Credit cards are an important part of your financial life.

ABSA Student Credit Card
Source: ABSA Student Credit Card

ABSA Student Credit Card is a student credit card marketed to students who have no income. It is designed for those who cannot afford card payments. This card is perfect for students who have no income and have no credit history to show. Those that are interested in the card should be able to prove that they are a student.

This card is perfect for students who are going to be living on their own after graduation. It is also meant to help young adults with a low income. The card also allows users to build a credit score at a lower interest rate, as well as give users to get rewards and cashback in a seasonal period. 

Benefits of ABSA Student Credit Card

The benefits of having a credit card for daily purchases are mainly convenience and speed. People can use their credit card to make daily purchases without having to carry cash or use a debit card. But as a student, here are the benefits of ABSA Student Credit Card that it can give you more than convenience. 

  • 57 days of no interest rates

ABSA Student Credit Card has 57 days of no interest rates. This means that your credit card interest is 0% for 57 days. This is a benefit to students and will help you save a lot of money.

  • Offers cashback and rewards

We all want to be rewarded for the things that we do, and a student credit card is a great way to do that. The ABSA Student Credit Card offers cashback and rewards, and there are a number of benefits that come with this card. For example, you’ll get 0% interest rate for the first 57 days or more, and as well as a $25 student reward every year.

  • Gives 3 visits a year in the Bidvest Airport Lounge
ABSA Student Credit Card
Source: ABSA Student Credit Card

The ABSA Student Credit Card offers up to three visits a year to the Bidvest Airport Lounge. The Lounge offers a variety of things, including a free continental breakfast, free Wi-Fi, and a place to relax with a nice meal and a drink. This place is perfect for students to enjoy themselves before or after a long flight. It is also a good place to come before or after a very important test.

  • Provides travel insurance of up to R1 million

ABSA Student Credit Card offers travel insurance of up to R1 million, which is the highest level of travel insurance available. This means that if your plans change or you need to cancel your trip, you can have the money reimbursed. You can also get the money back if you find that you have been overcharged, or you have been denied boarding.

Requirements for ABSA Student Credit Card Application

To apply for the ABSA Student Credit Card, ensure you meet the following requirements:

  1. Student Status: You must be a registered student at an accredited educational institution.
  2. Age Eligibility: Applicants should be between 18 and 30 years old.
  3. Proof of Income: Provide proof of a stable income or a co-signer if applicable.
  4. Credit History: A positive credit history or a co-signer with a good credit score is preferred.
  5. Residential Address: Have a valid residential address.
  6. Identity Verification: Submit a valid government-issued ID or passport.
  7. Contact Information: Provide a valid email address and phone number for communication.

How to Apply for ABSA Student Credit Card

Follow these steps to successfully apply for the ABSA Student Credit Card:

Visit the Official Website: Go to the ABSA official website.

Navigate to Credit Cards Section: Locate the Credit Cards section on the website.

Select ABSA Student Credit Card: Choose the ABSA Student Credit Card from the available options.

Click on ‘Apply Now’: Click on the ‘Apply Now’ button to initiate the application process.

Fill in Personal Information: Complete the application form with accurate personal information.

Submit Required Documents: Upload the necessary documents, including proof of student status, income, and identification.

Review and Confirm: Review your application before submission and confirm the details.

Wait for Approval: Wait for the bank to review and approve your application.

Receive Your Card: Once approved, your ABSA Student Credit Card will be sent to your provided address.

ABSA Student Credit Card FAQs

Can international students apply for the ABSA Student Credit Card?

ABSA requires applicants to be registered at a South African educational institution, making the card primarily available to local students.

What are the credit limit considerations for student applicants?

Credit limits vary based on factors such as income, credit history, and the bank’s evaluation. Students with a co-signer may have access to higher limits.

Is there an annual fee for the ABSA Student Credit Card?

Details regarding fees, including annual fees, can be found in the terms and conditions. It’s advisable to review this information before applying.

How long does it take to receive the ABSA Student Credit Card after approval?

The processing time can vary, but once approved, you can typically expect to receive your card within a few business days.

Can I manage my ABSA Student Credit Card account online?

Yes, ABSA provides online banking services, allowing cardholders to manage their accounts, view transactions, and make payments conveniently through the online portal or mobile app.

Formado em direito Especialista em economia, investimento e finanças pessoal. Seu foco é mudar a vida financeira das pessoas.