Absa Premium Credit Card Review

Earn cash back, enjoy 12 lounge visits, and manage finances with elite service — upgrade your experience!

The Absa Premium Banking Credit Card offers a high-tier banking solution designed for discerning South Africans who demand more than just spending power. With elevated benefits, seamless digital control, and access to exclusive perks, this card is ideal for those who value convenience, security, and lifestyle enhancements in their daily financial lives.

Crafted for people with higher income needs, this card strikes a balance between premium services and real usability. Whether you’re travelling, shopping, or managing monthly expenses, it offers compelling advantages while reinforcing financial control.

Elevate Your Banking Lifestyle

Benefits of the Absa Premium Banking Credit Card

• Up to 57 days interest-free on purchases
  You can enjoy a grace period of up to 57 days without interest on qualifying transactions. This feature allows you to manage your cash flow effectively while maximising value.
• Zero transaction fees on purchases
  Most transactions incur no extra cost. Purchases excluding airtime, data, utilities, or lottery transactions are fee-free, giving greater value back to everyday spending.
• Cash back with Absa Rewards
  Every qualifying purchase earns cash back, helping you reclaim a portion of your spending over time. The Absa Rewards programme is generous and rewards frequent use of the card.
• Absa Advantage challenges
  You can earn additional rewards by completing simple tasks within the Absa Banking App. These daily-life actions become opportunities to boost your advantages further.
• Comfortable airport lounge access
  Enjoy 12 complimentary visits per year to Bidvest Premier Domestic and International airport lounges. After that, you’ll still receive preferential rates for future access—ideal for frequent flyers.
• Automatic R3 million travel emergency cover
  Whenever you book return international flights with this card, you receive automatic basic travel insurance covering emergencies up to R3 million.
• Buyers Protection and Extended Warranty
  Your purchases receive added peace of mind with extended warranty options and protection against damage or theft.
• Lost card protection
  If your card is lost or stolen, report it to Absa immediately and benefit from the free lost-card protection service.
• Contactless payments up to R500
  You can tap and go for purchases up to R500 without needing your PIN. It’s fast, safe, and built for modern everyday pay methods.
• Visa premium perks
  Benefit from exclusive Visa benefits, including local offers, global merchant deals, and other privileges that enrich your shopping and travel experiences.
• SMS alerts for every spend
  Activate NotifyMe to receive real-time SMS notifications for transactions, ensuring better tracking and security over your spending.

Qualification Requirements

• Minimum monthly income of R25 000
  This card is aimed at individuals earning R25 000 or more per month, ensuring the product suits a higher-tier income segment.
• Minimum age of 18 years
  Applicants must be at least 18 years old to be eligible for the card, confirming they are legally able to manage credit responsibly.
• Valid South African ID
  A South African ID Book or Smart ID card is required to verify identity as part of the application process.
• Proof of residence
  Applicants must provide a valid proof of address, such as a utility bill or similar official document, to confirm residence.
• Three months’ proof of income
  Submit payslips or bank statements for the most recent three months to demonstrate stable income and support affordability assessment.
• Affordability assessment required
  Absa conducts a financial evaluation to ensure that applicants can meet repayment obligations without incurring financial strain.

How to Apply for The Premium Banking Credit Card

1. Request via Absa Online or App
   Existing Absa customers can apply through the digital channels—Absa Online or the Mobile App—for a quick and convenient application process.
2. Apply at a branch
   Prefer in-person service? Visit an Absa branch where a consultant will assist with completing the application.
3. Use your dedicated Premium Banking line
   As a Premium Banking customer, you have access to a dedicated contact line for support and to guide you through the application.
4. Prepare your documents
   Before applying, ensure you have your valid ID, proof of residence, and recent income documentation ready for submission.
5. Submit and await assessment
   Once submitted, Absa reviews your application, performs an affordability assessment, and determines your approveable credit limit.
6. Set up banking preferences
   Once approved, you can configure your digital banking preferences—such as SMS alerts, contactless settings, and payment options—via the app or Internet Banking.

Frequently Asked Questions

Can I use the Premium Card overseas?
Absolutely. All purchases made internationally are allowed—but foreign exchange fees may still apply depending on the transaction type.

What happens if I lose my card?
Immediately report it through the Premium Banking line or Absa’s 24/7 support. Your card will be blocked, and the lost-card protection service ensures you’re covered for misuse.

Am I required to pay the full balance monthly?
Not necessarily. While paying in full by the due date avoids interest, you have the flexibility to pay at least 3% of the outstanding balance each month. Note that paying more reduces interest costs.

Is there a preferred contact channel for help?
Yes. As a Premium Banking cardholder, you receive access to a dedicated Premium Banking contact line for priority service and quicker response times.