Absa Premium Banking Credit Card
Best for: travellers who want lounge visits and up to R3 million travel cover.
Pros
- Up to 57 interest-free days
- Lounge visits and strong travel cover
- Lower 2.50% currency conversion fee than most rivals
Cons
- Lounge visits depend on meeting spend criteria
- International transaction fee also applies to rand payments to foreign merchants
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
The Absa Premium Banking Credit Card costs R115 a month and adds 12 complimentary domestic lounge visits a year and up to R3 million in travel cover. It is aimed at earners from R25,000 a month.
Absa Premium Banking Credit Card at a glance
| Issuer | Absa |
| Card network | See issuer |
| Annual fee | R115/month |
| Rewards rate | Absa Rewards cash back at Rewards partners, with rates set by your Rewards tier |
| Welcome bonus | See issuer for the current offer |
| Intro APR | None |
| Regular APR | Personalised, up to the NCA maximum |
| Foreign transaction fee | 2.50% currency conversion fee; 2.50% international transaction fee on payments to international merchants |
| Credit needed | R25,000 a month |
| Best for | Lounge visits, R3 million travel cover and 57 interest-free days |
Key features
- 12 complimentary Bidvest Premier lounge visits a year (spend criteria apply)
- Automatic basic travel cover of up to R3 million on international bookings
- Up to 57 days interest-free on qualifying transactions
- Credit limit of up to R138,000, subject to affordability
- No monthly card fee when held with an Absa Ultimate Plus account
Pros
- Up to 57 interest-free days
- Lounge visits and strong travel cover
- Lower 2.50% currency conversion fee than most rivals
Cons
- Lounge visits depend on meeting spend criteria
- International transaction fee also applies to rand payments to foreign merchants
Before you apply: confirm the current annual fee, interest rate, rewards and eligibility on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
Sources: absa.co.za · absa.co.za
How it compares with similar South Africa cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
AbsaPremium Banking 4541 0422 7092 8521 VALID THRU 06/32ALEX MORGAN Absa Premium Banking Credit CardLounge visits, R3 million travel cover and 57 interest-free days |
R115/mo | Absa Rewards cash back at Rewards partners, with rates set by your Rew… | None | 2.50% currency conversion… | R25,000 a month | |
Nedbank Platinum Credit CardAffordable domestic lounge access and travel insurance |
R110/mo | Nedbank Greenbacks on eligible spend; Nedbank advertises up to 2% unli… | None | 2.75% currency conversion… | R25,000 a month | |
Standard BankWorld Citizen 5129 4075 3566 4624 VALID THRU 08/28CASEY BROOKS Standard Bank World Citizen Credit CardHigh earners who fly often and will meet the lounge spend threshold |
R340/mo | UCount Rewards: earn up to 3 times more UCount points than with a debi… | None | 2.25% international transa… | R92,000 a month |
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