There are many people who have not built a credit history are unable to enjoy various benefits such as: high credit margin, participation in Vips rewards programs, special discounts, cashbacks and other perks.
With this in mind, ABSA Bank, one of the four big banks in South Africa, has developed the ABSA Flexi Core Credit Card, to help you build a credit history and get countless advantages that we will reveal to you below.
Are you ready to find out all about the ABSA Flexi Core Credit Card? We will explain how this secure card works, its main advantages and a few problems that may arise.
ABSA Flexi Core Credit Card
Very low fees Minimum monthly payment of 5% of the total outstanding debtHow does ABSA Flexi Core Credit Card work
First of all, you need to know that this account is suitable for individuals who want to increase their credit score or for first time cardholders.
It is a great option because it is for beginners in the world of credit and because it unites several opportunities for the cardholder. The account provides free benefits such as access to ABSA Bank’s digital platforms, online purchases, online payment transfers, internal/external debit requests, and account balance inquiries.
If this card is catching your attention, I must tell you that there are some requirements to have it in your wallet, such as: having a job, a monthly income between R2000 and R4000 and some personal documents.
Once this is done, you will be put through the evaluation process and then you can have your ABSA Flexi Core Credit Card in hand for a monthly fee of R14.
You will be able to make purchases at any time, of any amount, anywhere, whether in-store, online, withdraw cash if you need to, it is up to you.
Main advantages of using the ABSA Flexi Core Credit Card
The ABSA Flexi Core Credit Card is here to help you build an important credit history, earn cash back in Absa Rewards, get rewarded with Absa Advantage, and have the ease of having it all in the palm of your hand. Check out some advantages of using this card:
- Credit limit up to R90.000,00
- Up to 57 days for interest-free purchases
- Lost Card Protection
- Contactless payments
- Daily purchases worldwide and online
- Swipe at any point-of-sale machine worldwide
Once you get the ABSA Flexi Core Credit Card, you’ll have access to a suite of ABSA Bank benefits like Internet Banking, Travel Insurance, ABSA Rewards, ABSA Advantage, Exclusive Visa benefits, NotifyMe, and more.
It’s a benefits package, where you earn cashbacks, participate in an ABSA and VISA rewards program, and receive SMS notifications of any activity on your account.
Important ABSA Flexi Core Credit Card Fees
Check out some of the most important fees you need to know before you get a card:
- Monthly Service Charges: R14,00
- Start-up fee: R175,00
- Monthly setup fee: R8,50
- Overseas ATM fee: R75,00
- Purchase of Garage Card: R6,50
These are the negative points that you need to know before you choose this credit card.
How to Apply
As you can see, this credit card has a monthly fee and offers a great rewards program, as well as helping you build a healthy credit history.
You can easily apply using Absa’s website, but remember that you will first have to be approved for an account.
After that, you will only have to offer some information about your business.
Conclusion
The ABSA Flexi Core Credit Card is an excellent option for individuals looking to establish or improve their credit history. With its comprehensive benefits, including a high credit limit, interest-free periods, and robust security features, it caters well to first-time cardholders and those aiming to enhance their credit scores. Additionally, the card provides access to ABSA Bank’s extensive range of services and rewards programs, making it a valuable financial tool.
However, potential users should be mindful of the associated fees, such as the monthly service charge, start-up fee, and other transaction-specific costs. By weighing these factors, you can determine if the ABSA Flexi Core Credit Card aligns with your financial goals and needs.
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