The Absa Student Credit Card is a popular entry-level card targeted at young customers looking to build their credit while enjoying student-centric rewards. There are no monthly admin fees on the card, which makes it attractive for students starting out. The minimum monthly income requirement is R800, and applicants must be between 18 and 30 years old and enrolled full-time at qualifying institutions. Although the standard interest rate is not specifically listed, the card boasts features like up to 57 days interest-free on qualifying purchases.

How to Apply

1. Ensure you are a registered full-time student at a SAQA-approved college or university and aged 18-30.
2. Prepare your South African ID, proof of residence, and income documents for the last three consecutive months.
3. Visit an Absa branch or student bureau with your documentation.
4. Complete the application form and wait for approval.

Key Benefits

Absa Student Credit Card customers get zero monthly admin fees, free lost card protection, and access to cash rewards via Absa Rewards.

Additionally, users enjoy convenience features like contactless payments, online shopping, complimentary domestic airport lounge visits, free travel insurance, and fixed monthly payments with the chance to pay extra anytime.

Drawbacks to Consider

The card is restricted to younger applicants and only for students enrolled full-time at approved institutions, limiting eligibility.

Also, although transactions are free, charges may apply for certain spend types, such as prepaid airtime, utility purchases, and lottery tickets.

Final Verdict

Overall, the Absa Student Credit Card is an ideal choice for students seeking to build their financial profile with minimal fees and several lifestyle perks. While eligibility is limited, the combination of rewards and security benefits makes it a solid starter card for students looking to begin their credit journey.