; No transaction fees on purchases; Lost card protection: You are covered if your card … Monthly account fee: R 50.44 Interest rate… For more information, visit www.standardbank.co.za. ... Be aware of the interest rate linked to your card. If you are earn between R8,000 to R24,999 and are looking for a credit card (or if you already have one of these cards and are shopping around for a better one) the above table lets you see all the fees to help you find the more affordable card … The credit card has a 60 days interest-free grace period. ... you earn up to 1.15% cash back when you pay with your Absa Cheque, Debit or Credit card… Post was not sent - check your email addresses! African Bank Credit cards African Bank Silver Credit Card. ( Log Out /  Make your payments before each statement’s due date and you’ll always have an interest-free credit. ... credit account. 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. The ABSA student credit card lets you swipe for purchases for free. 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. The minimum amount for a budget transaction on an Absa Credit Card is R300. Credit limits up to R90 000; Minimum payment of 3% on outstanding balance; Up to 57 days interest-free purchases; Lost card … The ABSA Garage Card gives you a convenient way to pay for fuel, oil, parts and tollgates. 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. With a VISA Credit Card from Absa, you can enjoy great rewards and benefits while maintaining a good credit history. 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. 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. You also have the option to opt-out of these cookies. 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.   Knowing how and when credit card interest is charged is the best way to avoid paying interest and keep your credit card … 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. Theme by Orane-Themes.com. “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. Be aware of the interest rate connected to your card. The option to choose to spend either on your revolving credit or your extended credit, enhanced technology with Chip and PIN and 24/7 access to ABSA online and cell-phone banking. The bank has 15.6 million customers, who are serviced by 48 000 employees. Interest paid by the bank on a positive balance … Apply for one today and get up to 50 days’ interest-free credit, free travel insurance and a host of rewards from our alliance … Credit cards are not widely used as investment vehicles, but three of the big-four banks pay their clients from 0.2% to as much as 3.3% in interest for a positive credit balance, … 38 Stiemens Street, Braamfontein Johannesburg. The bank’s 1283 branches in various countries across Africa are run efficiently and smoothly by dedicated staff. 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. There are quite a few ABSA Credit Cards out there, designed to work in accordance with the needs of the applicant. Woolworths Black Credit Card- Do You Qualify? The bank has also extended its operations to 29 countries on the African continent- providing more access to quality financial services. At the bottom of the Calculation of Interest section issuers … Cheque accounts do not offer credit interest as they are designed for day-to-day banking purposes. The interest-free credit applies only if you pay the full outstanding balance on your credit card either before or on the due date. Switch to FNB Business Apply now! We'll assume you're ok with this, but you can opt-out if you wish. With the ABSA Gold Credit Card, you get discounted access to the Bidvest Lounges at both domestic and international terminals with in South Africa. Earn Absa Rewards and get paid to swipe, along with a range of other discounts and benefits. ( Log Out /  In addition to transactional services, Standard Bank has a range of credit card offers for individuals and businesses. ( Log Out /  Necessary cookies are absolutely essential for the website to function properly. 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 … Key features. Absa … Primary credit card holder: 6 visits per annum plus 1 guest entry per visit per annum. Talk about student value! African Bank Credit Cards – Unique Offers for Different Consumer Needs. Likemoney.co.za is a free to use trusted and unbiased financial comparison network that helps you find the best financial products rated & reviewed by your friends and other fellow South African users. 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. 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 … There you have it, all the cards that ABSA offers, should you want a more detailed report on any card, just click the link. 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. Monthly account fee R23 : Income required R4 000 per month. 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. Secondary card holders: Combined 24 visits across all secondary cards. Most credit cards in their agreements will have a statement like the following, note the bolded section in the card agreement. ... we can offer you a variety of business credit cards at a rate that is suitable to you. I have seen earnings of 2.5% per annum … Of course, credit cards also present certain challenges when not used responsibly, which helps explain why the average American has a credit card balance of … A Silver credit card … Don’t have time to do your own comparison? Cash Converters Loan vs Cash Crusaders Loan, Which is Best. 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. These cards are great for sudden emergency situations or online purchases. Please note that all interest rates shown is the annual rate and varies according to your affordability and credit … Our Platinum Credit Card comes with great features and benefits. Plus an additional 2 guest entries per annum. Make your payment on time; no interest … But opting out of some of these cookies may affect your browsing experience. Saving in your bond under low interest rates – is it worthwhile? This website uses cookies to improve your experience while you navigate through the website. Do your due diligence and see if the fee is worth it. Talk about student value! With a 154-year history in the South African Financial industry, Standard Bank has garnered a reputation as one of the leading banking institutions in the country. 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. 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. Virgin Money launched as a joint venture between Absa and Virgin Group, initially … All Rights reserved. Some individuals maintain a positive balance on their credit cards, which may lead to interest earned. Some individuals maintain a positive balance on their credit cards, which may lead to interest earned. Change ). 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. Absa has provided the core systems for Virgin Money since the card was launched in 2006. It is mandatory to procure user consent prior to running these cookies on your website. 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. Benefits of an Absa Credit Card. With 2% interest back on the positive balance per year, silver credit card not only rewards for positive credit but comes with a long list of benefits. Interest Rates. 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. 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. 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 … 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. All secondary credit card … ABSA Premium Credit Card. We Look at Where to Apply for a Credit Card, Woolworths Credit Card – Competitive, Quality, Rewards Programme. ... Interest-free period of up to 50 days if 100% of the balance due is paid; ... Rates and currencies. 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. Sorry, your blog cannot share posts by email. Go take a look at what Nedbank Credit Cards are available, compare them and choose the best option that suites your needs. This category only includes cookies that ensures basic functionalities and security features of the website. 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. 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! A card with fees will offer you more benefits. People with first hand experiences. 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. These cookies will be stored in your browser only with your consent. Getting a credit card with no annual fee is a start at minimizing credit card costs. For example, Absa … He says Absa’s credit-card interest rates fall between 11.5 percent and 23.2 percent. ABSA Garage Card. Absa has provided the core systems behind Virgin Money since the card’s launch in 2006. Gold Credit Card. So take a look at the different types of ABSA Credit Cards to see which one suites you best. © 2020 Copyright Fineloans. The card offered a competitive interest rate, as well as a fixed interest of 5% … Change ), You are commenting using your Google account. 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. Go take a look at our Credit Card comparison and see what other South Africans rate the best Credit Card is. 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. Up to 57 days interest … The ABSA Garage Card … These cookies do not store any personal information. FNB Encore Cheque Account- Convenient Banking Solutions for Seniors. FNB says its credit-card customers “benefit from personalised interest rates” and pay … 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. When an account has a positive balance, one earns interest which is calculated from the day the money got into their credit card account. The same 57 interest free 57 days on qualifying purchases (excluding cash withdrawals). International lounge access via Lounge Key. 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). ( Log Out /  Retrieve application By Turnover First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Transact Business Accounts Credit Cards … Gold Credit Card Info. How do I check my Woolworths Credit Card Balance? There are also no transaction fees for the first 57 days. 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 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. It’s important to make sure that you repay your credit card on time every month. Change ), You are commenting using your Facebook account. Virgin money launched as a joint venture between Absa and Virgin Group, initially offering a tier-free credit card with no annual fee. For example, while the Virgin Money Credit Account (a co-branded Absa account) offers zero monthly account and credit facility fees, it is tied to the highest interest rate possible (20.75%) … 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. Maybe you’d like to compare these cards to those of other banks? Change ), You are commenting using your Twitter account. Digital Banking help. Get yours today and bring your dream to life. Experience while you navigate through the website provided the core systems for Virgin launched... % of the interest rate linked to your Card Card was launched 2006. You use this website uses cookies to improve your experience while you navigate the! Comes with great features and benefits can opt-out if you wish a variety of Credit! 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