The ABSA Flexi Core Credit Card is one of the many financial products offered by the well-known South African bank, ABSA. This credit card comes with several key highlights that make it a compelling choice for individuals seeking financial flexibility.
Key highlights of the ABSA Flexi Core Credit Card
- Credit Limit up to R 90,000.00: The ABSA Flexi Core Credit Card provides a substantial credit limit, allowing cardholders the flexibility to manage their expenses effectively.
- Minimum payment of 3% on your outstanding balance per month: The card offers a reasonable minimum payment requirement, providing users with some financial flexibility.
- Up to 57 days interest-free purchases: Cardholders can enjoy up to 57 days of interest-free purchases, making it an attractive option for those who want to make payments without incurring immediate interest charges.
- Lost card protection: The card comes with the valuable feature of lost card protection, adding an extra layer of security for users.
- Contactless payments: With the tap and pay service, users can make contactless payments, reducing physical contact with unknown objects and enhancing convenience.
- International travel benefits: Users can benefit from a 5 million automatic basic cover for international travel, providing added security during trips.
Features and benefits
A variety of features and advantages are available with the ABSA Flexi Core Credit Card to accommodate a range of requirements and tastes.
- Visa airport meals: Cardholders are entitled to Visa Airport meals, which is a useful benefit for people who travel regularly for work or pleasure.
- Access to Agoda.com: The card provides access to Agoda.com, offering potential discounts and benefits for users making travel arrangements.
- Rewards for cashback: Cashback benefits are available to users who use the card for both domestic and foreign transactions.
- NotifyMe: This feature sends SMS notifications for any account activity, enhancing security and providing peace of mind.
- Credit life protection: In the unfortunate event of death, dread disease, or permanent disability, the Credit Life Protection feature ensures that outstanding debt is taken care of, providing financial support to the cardholder’s family.
Fees and charges
It is essential to understand the following fees and charges if you want to take full advantage of the ABSA Flexi Core Credit Card:
- Monthly service fees: R 14.00
- Initiation fee: R 175.00
- Monthly facility fee: R 8.50
- Secondary card monthly fee: R 16.50 per card
- Card decline fee: R 8.50
- Overseas ATM Fee: R 75.00
- Garage card purchase: R 6.50
Additional charges may apply, such as late payment fees and over-limit fees. Prospective cardholders are advised to consult with ABSA to understand all potential charges.
Application eligibility
To qualify for the ABSA Flexi Core Credit Card, applicants must meet the following criteria:
- Monthly income of at least R 2,000.00
- Age of 18 years or older
- Subject to affordability assessment
How to apply
To apply for the ABSA Flexi Core Credit Card, you can do it online or in person at a bank office. For in-person applications, you will need to provide a valid South African ID book or Smart Card, proof of residency, and the most recent proof of income for three consecutive months.
Online applications can be completed on the ABSA website, where applicants will need to submit the required documents. The online application process offers convenience, but in-person applications allow for direct interaction and the opportunity to address any questions.
Pros and cons
As with any financial product, the ABSA Flexi Core Credit Card has its pros and cons.
Pros
- 57 Days interest-free: Users benefit from a 57-day interest-free period, allowing for strategic financial planning.
- Family protection: The Credit Life Protection feature provides financial support to the cardholder’s family in the event of unfortunate circumstances.
- Low monthly payment fees: The card offers relatively low monthly payment fees.
Cons
- Limited availability: The card is exclusively available for South African citizens.
- Credit limit ceiling: The maximum credit limit is capped at R 90,000.00.
Is the ABSA Flexi Core Credit Card Worth It?
The ABSA Flexi Core Credit Card presents a viable option for individuals looking to build credit history, enjoy low interest rates, and manage their finances effectively. With attractive features, benefits, and a reasonable fee structure, the card offers value to users who meet the eligibility criteria.
A comprehensive review of the ABSA Flexi Core Credit Card is available on our site. Click here for more information.
