Absa
Enjoy a student credit card with no monthly fee, up to 57 days interest-free on purchases, Visa benefits, Absa Rewards and easy digital management. Low minimum income required.
The Absa Student Credit Card is tailored for South African students seeking an affordable entry into the world of credit. With no monthly fee and no transaction fees on purchases, this card is designed to help students manage their finances responsibly. You’ll receive up to 57 days of interest-free purchases when you settle your balance on time. While Absa does not publicise the specific credit limit upfront, eligibility is accessible with a monthly income of just R800 and a valid full-time student registration.
How To Apply
The application process for the Absa Student Credit Card is simple and student-friendly. First, ensure you meet the criteria: be aged 18-30, a full-time registered student, and earning at least R800 a month. You will need to provide your South African ID, proof of residence, and income statements for the past three months. Applications can be made at your nearest Absa branch, via their student bureau or over the phone. There is also an option to apply online for added convenience.
Pros
This card offers significant advantages for students. Aside from zero monthly card fees, users will benefit from Absa Rewards, providing cashback on local and international card payments. There’s also automatic basic travel insurance, three complimentary airport lounge visits per year, contactless payments, and enhanced card control from the Absa banking app.
Cons
Though this is a strong offer for students, it comes with some potential downsides. Only full-time students are eligible, meaning part-time learners miss out. Credit limits may be modest compared to other cards, reflecting the lower income requirements and the fact that it’s a starter card. As with any credit card, responsible usage is key to avoiding debt.
Verdict
The Absa Student Credit Card is a compelling choice for young adults wanting to build a solid credit history. It combines flexibility, few fees, and attractive perks designed with students in mind. If you fulfil the eligibility criteria and want to start using credit responsibly, this card deserves your consideration.
