He says Absa’s credit-card interest rates fall between 11.5 percent and 23.2 percent. We also use third-party cookies that help us analyze and understand how you use this website. Maybe you’d like to compare these cards to those of other banks? Virgin Money launched as a joint venture between Absa and Virgin Group, initially … Change ), You are commenting using your Google account. Balance: R100 26/11 - R95.35 INTEREST :wtf: ... Ok here's a test I've done on ABSA's credit card with supposedly 57 days "interest free" Transactions: 8/11 - R8400 … Monthly account fee: R 50.44 Interest rate… I have seen earnings of 2.5% per annum … ... we can offer you a variety of business credit cards at a rate that is suitable to you. Primary credit card holder: 6 visits per annum plus 1 guest entry per visit per annum. It’s important to make sure that you repay your credit card on time every month. 38 Stiemens Street, Braamfontein Johannesburg. Likemoney sources SA’s most favored products by doing a social media comparison on the most liked financial products on the market rated by you, the consumer. Travel insurance – book your return flights with your Absa credit card and get automatic basic cover for trips of up to 90 days No card transaction fees when you swipe. The ABSA student credit card lets you swipe for purchases for free. African Bank Credit Cards – Unique Offers for Different Consumer Needs. Secondary card holders: Combined 24 visits across all secondary cards. You can choose a term between 3 and 60 months (3, 6, 9, 12, 18, 24, 36, 48 and 60) when the transaction is set up via a merchant or Absa card division, and 6 to 48 months when you structure the transaction via Absa … The same eStatements for free every month, the same lost card protection from stolen or lost cards and 24/7 access to ABSA online and cell-phone banking. These cookies will be stored in your browser only with your consent. Change ). International lounge access via Lounge Key. Earning interest on a positive credit card balance from Standard Bank can only be done only after you have settled the straight and budget balances. All Rights reserved. Bidvest Airport Lounge access at preferential rates ; R1,5 million automatic basic cover* for a range of travel emergencies; Interest-free credit: Get up to 57 days interest-free on purchases. The card offered a competitive interest rate, as well as a fixed interest of 5% … The ABSA Garage Card … Make your payments before each statement’s due date and you’ll always have an interest-free credit. One credit limit for single and budget, full ATM functions (including cash withdrawals), a second card to share with your better half, a garage card and a free basic travel insurance cover (for international return travel tickets). Virgin money launched as a joint venture between Absa and Virgin Group, initially offering a tier-free credit card with no annual fee. FNB says its credit-card customers “benefit from personalised interest rates” and pay … Q: Which bank gives the best interest rate for a fixed saving if 60 months.i am 55 years old Reply • Pat from Saudi Arabia • Q: I will soon have between R390 000 to R405 000. Necessary cookies are absolutely essential for the website to function properly. Cheque accounts do not offer credit interest as they are designed for day-to-day banking purposes. In addition to transactional services, Standard Bank has a range of credit card offers for individuals and businesses. Gold Credit Card. Up to 57 days interest … The credit card has a 60 days interest-free grace period. With the ABSA Gold Credit Card, you get discounted access to the Bidvest Lounges at both domestic and international terminals with in South Africa. ... you earn up to 1.15% cash back when you pay with your Absa Cheque, Debit or Credit card… Please note that all interest rates shown is the annual rate and varies according to your affordability and credit … The minimum amount for a budget transaction on an Absa Credit Card is R300. For example, Absa … African Bank Credit cards African Bank Silver Credit Card. Credit cards also have a certain amount of interest free days when using your card to purchase certain goods and you must familiarise yourself with this so as to avoid paying any unnecessary interest. ; No transaction fees on purchases; Lost card protection: You are covered if your card … As always, with the ABSA Affinity Credit Card you also get the 57days interest free, free lost card protection for when your card is lost or stolen. You’ll also get a secondary card for the wife, free lost card protection for when the card is lost or stolen and a detailed monthly statement every month. Benefits of an Absa Credit Card. Plus an additional 2 guest entries per annum. Apply for one today and get up to 50 days’ interest-free credit, free travel insurance and a host of rewards from our alliance … Get yours today and bring your dream to life. Talk about student value! Make your payment on time; no interest … You also have the option to opt-out of these cookies. Digital Banking help. The Standard Bank Credit Card give you up to 55 days’ interest-free credit when you pay the outstanding balance in full and on time each month. The bank has highlighted that it still offers the highest payback of 5.35% interest per year, which lowers, if not completely covers its monthly fees on any accounts with a positive balance. Earn Absa Rewards and get paid to swipe, along with a range of other discounts and benefits. However, if you carry a balance, you could still incur a cost in the form of interest. This website uses cookies to improve your experience while you navigate through the website. ABSA Premium Credit Card. Get rewarded with an Absa Gold Credit Card that lets you earn and redeem your Rewards when you spend on air tickets and hotels anywhere in the world. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Every students dream is to have an ABSA Student Credit Card with all the benefits of a normal credit card, the same 57 days’ interest free period with no monthly service fee. Absa … You also get fixed monthly payments, can top up your vehicle’s tank, full ATM functionality which includes easy cash withdrawals, deposits and transfers, link your ABSA Cheque or savings account, the same secondary card for that special someone and free monthly eStatements. It is mandatory to procure user consent prior to running these cookies on your website. The bank has 15.6 million customers, who are serviced by 48 000 employees. Our Platinum Credit Card comes with great features and benefits. These cookies do not store any personal information. Most credit cards in their agreements will have a statement like the following, note the bolded section in the card agreement. The interest-free credit applies only if you pay the full outstanding balance on your credit card either before or on the due date. This category only includes cookies that ensures basic functionalities and security features of the website. ... Be aware of the interest rate linked to your card. Added is automatic basic travel insurance for international return flights and an optional Credit protection plan that covers a limited outstanding balance in the event of death or permanent total disability. When an account has a positive balance, one earns interest which is calculated from the day the money got into their credit card account. Sorry, your blog cannot share posts by email. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The best part about the ABSA Platinum Credit Card is the free access to Bidvest lounges at both domestic and international terminals within South Africa. Interest paid by the bank on a positive balance … Added to the student credit card is interest on a positive credit card balance, secure online shopping with a Visa or MasterCard SecureCode and its accepted worldwide. The bank’s 1283 branches in various countries across Africa are run efficiently and smoothly by dedicated staff. At the bottom of the Calculation of Interest section issuers … Be aware of the interest rate connected to your card. Cash Converters Loan vs Cash Crusaders Loan, Which is Best. The same 57 interest free 57 days on qualifying purchases (excluding cash withdrawals). What you need to know about earning interest on a positive credit card balance: Owning a credit card also comes with the responsibility of making sure that you use it well. All secondary credit card … There you have it, all the cards that ABSA offers, should you want a more detailed report on any card, just click the link. Absa has provided the core systems for Virgin Money since the card was launched in 2006. © 2020 Copyright Fineloans. A full ATM functionality (including cash withdrawals), linking your ABSA Cheque or Savings account, standard cards to share with your more expensive half and free monthly eStatements. For more information, visit www.standardbank.co.za. Getting a credit card with no annual fee is a start at minimizing credit card costs. Most banking institutions say that each customer is treated individually and is given an interest rate and a credit limit based on his or her individual credit profile. There are quite a few ABSA Credit Cards out there, designed to work in accordance with the needs of the applicant. ABSA Garage Card. Absa has provided the core systems behind Virgin Money since the card’s launch in 2006. Switch to FNB Business Apply now! The bank has also extended its operations to 29 countries on the African continent- providing more access to quality financial services. There are also no transaction fees for the first 57 days. This website uses cookies to improve your experience. This way, not only can you compare products with monthly fees and interest rates, but you can find financial institutions that are liked and recommended by a reliable third party source. “Debit interest rates are affected by the prime interest rate and decrease as you move from our standard card offering to the premium products,” Vinolan David, the head of card issuing at Standard Bank says. With a VISA Credit Card from Absa, you can enjoy great rewards and benefits while maintaining a good credit history. Key features. Interest paid by the bank on a positive balance is nominal, but remember that you do earn UCount points with every swipe, and that means money back in your pocket!   Knowing how and when credit card interest is charged is the best way to avoid paying interest and keep your credit card … FNB Encore Cheque Account- Convenient Banking Solutions for Seniors. Saving in your bond under low interest rates – is it worthwhile? ( Log Out /  Change ), You are commenting using your Facebook account. The danger that comes with owning a credit card without the right tools and knowledge is that you could end up overspending and maxing out your limit. Interest Rates. A Silver credit card … The ABSA Premium Credit Card offers you free access to the Bidvest lounge in South African airport terminals, a secondary card at no additional costs and contactless payments. Added to the student credit card is interest on a positive credit card balance, secure online shopping with a Visa or MasterCard SecureCode and its accepted worldwide. Woolworths Black Credit Card- Do You Qualify? The ABSA Garage Card gives you a convenient way to pay for fuel, oil, parts and tollgates. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. If you want to withdraw money from your credit card, you will be charged with a fee of R3.95 plus 1.15% from an … Don’t have time to do your own comparison? Gold Credit Card Info. ( Log Out /  These cards are great for sudden emergency situations or online purchases. ... credit account. The ABSA Classic Credit Card gives you the same 57 interest free days on qualifying purchases (with a few exclusions), a budget facility for any purchase over R300 of 6 to 48 months to pay and no transactions fees on qualifying purchases. Different Consumer needs He says Absa ’ s 1283 branches in various countries across Africa are run efficiently and by. Financial services with this, but you can opt-out if you wish a 60 days interest-free grace period business... Interest rate connected to your Card branches in various countries across Africa are efficiently. Connected to your Card interest free 57 days interest … the minimum for! 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