The Absa ATM card or Visa Credit Card lets you make various transactions as you prefer. You can purchase airtime, pay for fuel, shop for groceries, or even conduct online shopping.
There are different types of Absa ATM cards that you can choose from and they include; Platinum Credit Cards or Classic Credit Cards.
We explain everything concerning how you can get an Absa ATM card including the benefits of having one.
Platinum credit card
The Platinum Credit Card, which was created for Absa Bank’s wealthy consumers, is attractive and has amazing features, benefits, and rewards.
What you get with the Absa platinum credit card
- Joining fees are waived
- Up to 50 days of interest-free credit
- Up to 3 supplementary cards
- Free monthly eStatements
- Free direct debit set up
- Free travel insurance
- Free online banking is available for managing credit cards.
- Cash withdrawals are permitted up to 40% of the card’s maximum.
- Extended warranty and protection insurance for card purchases
- Replacement cards for emergencies
- Rewards
- Discounts at our alliance partners
- Free transactions
What you should know about the Absa platinum credit card
- Net monthly salary of UGX 4,000,000 and higher, or fixed deposit as cash security
- 4% in-country currency markup for international transactions
- Monthly minimum repayment of 5%
- A 3% interest rate is charged on any billed account.
- 6% minimum cash access charge at ATMs. UGX 10,000
- A 6% excess usage fee
- 10% minimum late payment fee, up to 10,000 UGX.
Classic Credit Card
What you get with the Absa classic credit card
- No cost of registration is charged.
- Up to 50 days without interest
- Free eStatements each month
- Free setup of direct debit
- Free exchanges
- Utilize free online banking to handle your credit cards.
- Discounts and incentives at their alliance partners
- Cash withdrawals are permitted up to 40% of the card’s maximum.
What you should know about the Absa platinum credit card
- Earn a net monthly salary of UGX1,500,000 to UGX3,999,999
- Forex mark-up of 4% on international transactions
- Cash cover (fixed deposit) of minimum UGX3,000,000
- A 5% monthly minimum repayment is required.
- 3.5% interest is charged on the billed account
- Cash access fee via ATMs of 6% min. UGX10,000
- An over-limit fee of 6%
- 10% minimum late payment penalty, up to UGX10,000.
Requirements to get an Absa ATM card
Are you planning to apply for an ABSA ATM card? If so, this is what you’ll be required to bring to an Absa bank branch near you.
- Identification document (passport/national ID/driver’s license)
- The latest proof of income (payslips)
- Financial card copy
You could also visit the Absa Bank official website and apply for an ATM card online.
- Once you visit the page, you’ll come across a form that you must fill out.
- It includes a section where you select the type of credit card you want ie the platinum credit card or classic credit card.
- You’ll also be required to provide your phone number and email address.
- Next, you select if you’re an existing or old customer plus a security question that must be answered.
- After this is complete, you submit the form and wait to see if your request has been confirmed. Please note that you may not get an immediate answer so it may prompt you to go to an Absa bank office near you.
How long does it take for you to get your Absa ATM card?
The processing of a new card can take up to seven days.
Conclusion
Which Absa ATM card will you be getting? Is it the classic credit card or the platinum credit card? Apply today by doing so online or visiting an Absa bank office near you.
Don’t forget to carry your valid National ID, your latest proof of income (payslips), and a financial card copy.
They are required when your opening an account with ABSA Bank for the first time. After seven days you can check in with the bank to pick up your new Absa ATM card.
