Rewards is even hotter in 2024!

Still no monthly membership fees, no points - just real cash back.

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Grocery

Earn up to 30% real cash back, depending on your Rewards Tier  at Food Lover's Market, Pick n Pay and Woolworths.

garage
Fuel

 Earn up to 30% real cash back, depending on your Rewards Tier when you fill up or shop at Sasol.

health and beauty
Health and Beauty

 Earn up to 30% real cash back, depending on your Rewards Tier on health and beauty purchases at Dis-Chem.

partners
Partners

 Earn up to 30% real cash back, depending on your Rewards Tier at Rewards partners.

cash in hand
Cash back

Earn real cash back on all other Absa card purchases from Absa Rewards.

health and beauty
Digital Lifestyle

Earn up to 30% real cash back, depending on your Rewards Tier with our Digital Partners.

Absa Small Business Friday.

Get rewarded for shopping local and support small businesses near you. Pay with your Absa card and earn cash back every Friday.

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We reward you for banking with Absa by putting real cash back in your pocket.

  • Qualifying Engagements

    Qualifying Engagements required to earn monthly Cash Back as a Rewards member   

    • Rewards members are required to meet a minimum of five (5) Engagements per Accrual Period each month to earn cash back. You will not earn Cash Rewards in a particular Accrual Period if you perform less than 5 (five) engagements within the Accrual Period in question.

    The following events constitute an Engagement:

    • Banking App logins [minimum of 3 (three) events per month].
    • Digital Lifestyle voucher purchases.
    • Complete an Absa Advantage challenge [minimum of 2 (two) challenges per month].
    • Deposits into a qualifying Transactional Account.
    • Perform at least one of the following bank transaction types:
       
    Transaction types*
    • Cash withdrawals 
    • Cheque withdrawals
    • Transfers out 
    • Debit orders out 
    • Point of sale (incl digital wallets and device payments).
    • Prepaid airtime
    • Point of sale
    • Authenticated early debit orders
    • Non-authenticated early debit orders 
    • Internet real-time debit
    • CashSend transactions
    • Bill payments
    • Own defined payments 
    • Prepaid electricity
    • Purchase and Cash withdrawal POS 
    • Cash Passport purchase 

    Exclusions

    • Inter account transfers are excluded from the list of qualifying engagements.
  • Rewards Scores and Tiers

    Customers under the age of 55 cannot move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App.

    Banking Products

    There are 14 product categories that you can take up. These contribute towards your Rewards Tier.

    Category Product Category Monthly Score
    Transactional product categories Transactional savings account and/or cheque account without an overdraft 100
      Transactional cheque account with an overdraft limit of R2,000 and more 150
      Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised card spend (excl EFT and inter account transfers) 50
      Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised card spend (excl EFT and inter account transfers) and a cheque account 65
    Non-transactional product categories The customer earns 85 scores when they hold a Home Loan or a Universal Loan product with a minimum outstanding balance of R50 000 and a debit order towards monthly repayments 85
      Absa Vehicle and Asset Finance with a minimum outstanding balance of R5 000 and a debit order towards monthly repayments 55
      Personal loan with a minimum outstanding balance of R5 000 and a debit order towards monthly repayments 55
      Savings and investments including Unit Trusts, Annuity Fund, Tax-Free Savings Investment and Currency Investment Account with a minimum combined investment balance between R5,000 and R999,999.99 55
      Savings and investments including Unit Trusts, Annuity Fund, Tax-Free Savings Investment and Currency Investment Account with a minimum combined investment balance of R1 000 000 and above 110
      Wills (in safe custody with Absa and Absa as the appointed executor) 10
      Qualifying Foreign Currency Investment account with a balance of R15000.00 – R99 999.99 45
      Qualifying Foreign Currency Investment account with a balance of R1 00000.00+ 85
    Insurance product categories Active short-term insurance product 15
      Active long-term insurance product 15

    *This score category excludes the following accounts: Absa Money Market Fund, Income and Growth Performa, Club Account, Travel Club, Investment Club, Grocery Club, Liquidity Plus, Senior Save, Absa Call Account and 32-Day Notice Bonus Deposits and Foreign Currency investment accounts.

    We will only allocate the score after you have met this criterion in the previous two months.

    Banking Activities

    There are three banking activities that will also contribute towards your monthly Rewards score allocation.

    Category Activity type Monthly score
    Use our banking products Deposit your salary or a minimum of 50% of your salary into your Absa Transactional Account monthly or make payments to the value of R32 000 and complete 10 or more transactions monthly. Score awarded if you have met this criteria during the current month.
    280
    Digital activity score To qualify for the digital engagement score, you will have to meet the following criteria: 
    • Meet the minimum criteria to earn the primacy score (you will not be able to earn the digital engagement score if you do not hold primacy with the bank)
    • Do a minimum of 5 digital transactions (5 or more transactions are not over and above the 10 transactions required for the primacy score).


    60
    Bonus score Have three or more Home Loans, Vehicle Asset loans or a combination thereof. Each loan must have a minimum outstanding balance of R5 000 and a debit order towards monthly repayments to qualify for this score. 30
    Recurring monthly payments into savings and investment accounts Deposit between R250 and R4,999.99  10
      Deposit between R5,000 and R9,999.99  20
      Deposit R10,000 or more 30
  • Earn Rates and Spend Limits

    Bank Earn

    The Bank Earn Model has been changed from a percentage-based to a fixed-value model. The fixed-value model table illustrates the maximum qualifying spend value assigned to each tier level. There will no longer be a distinction between the Earn Rates for Debit and Credit Card spend. To see our new Bank Earn tables and how much you can earn based on your Rewards tier, click here.

    MCCP & Partner Earn

    The percentage of Cash Rewards you can earn is determined by your Rewards tier, which is calculated monthly based on the products you have and the way you bank. You will also enjoy higher earn rates when you use your credit card.

    Customers under the age of 55 are not able to move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App.

     

    Tier

    Tier 1

    Tier 2

    Tier 3

    Tier 4

    Tier 5

     

    Score Range

    0 – 499

    500 – 599

    600 – 699

    700 – 799

    +800

    Cash Rewards when you load your Multi-Currency Cash Passport Card. (MCCP)

    Earn rate: Multi-currency Cash Passport

    0.25%

    0.50%

    0.80%

    1.00%

    1.25%

    Cash Rewards from Absa (SME Earn)

    Earn rate: Debit card

    0.15%

    0.25%

    0.30%

    0.35%

    0.40%

    Earn rate: Credit card

    0.20%

    0.40%

    0.75%

    0.95%

    1.15%

    Cash Rewards at Grocery Partners (Grocery Earn)

    Earn rate: Debit card

    0.15%

    0.45%

    0.50%

    1.50%

    4.50%

    Earn rate: Credit card

    0.20%

    0.65%

    1.25%

    6.25%

    30.00%

    Cash Rewards at Sasol (Fuel Earn)

    Earn rate: Debit card

    0.15%

    0.45%

    0.50%

    1.50%

    4.50%

    Earn rate: Credit card

    0.20%

    0.65%

    1.25%

    6.25%

    30.00%

    Cash Rewards at Dis-Chem (Health & Beauty Earn)

    Earn rate: Debit card

    0.50%

    0.65%

    0.75%

    2.00%

    4.50%

    Earn rate: Credit card

    1.00%

    1.50%

    2.50%

    6.50%

    30.00%

    Spend limits for Cash Rewards

    Customers

    Segment

    Spend Limit

    Cash Rewards from Absa

    Wealth Customers

    R75 000

     

    Private Bank Customers

    R50 000

     

    Premium Customers

    R25 000

     

    Gold Customers

    R15 000

    Cash Rewards at Grocery Partners

    Across segments

    Purchases above the spend cap at partners will form part of the Bank earn (30% of Total Spend or R3000 whichever occurs first) 

    • Earn up to R4000 in qualifying grocery purchases at all participating stores accrual period.
    • In the Grocery category, customers can earn Cash Back on the full R4 000 spend cap for transactions without a card.
    • For card present transactions, Customers can only earn Cash back on a maximum of R3000 in the Grocery category.

    Cash Rewards at Sasol

    Across segments

    Purchases above the spend cap at partners will form part of the Bank earn (30% of Total spend or R3000 whichever occurs first)

    Cash Rewards at non-Sasol filling stations and convenience stores

    Across segments

     Non-partner Fuel Spend (0.15% flat rate) will no longer contribute towards your Fuel Partner Earn; this will instead now accumulate towards your Bank Earn.

    Cash Rewards at Dis-Chem

    Across segments

    Purchases above the spend cap at partners will form part of the Bank earn (30% of Total spend or R3000 whichever occurs first) 

    Cash Rewards at Rewards Partners



    N/A

    This is cash back earned when you use your Absa card at one of our selected Rewards Partners. You will earn up to 30% real cash back, depending on your Rewards Tier from our partners when you use your Absa card for point-of-sale purchases for your qualifying in-store and online transactions at our selected partners. Each partner offers a different earn rate/set of rates and this is based on the partner offering.

    You can find an updated list of all our partners and their offers here  

    Automatic Credit Limit Increase (“ACLI”) and Credit Marketing consent
    N/A
    Rewards members that sign up for annual Automatic Credit Limit Increase (“ACLI”) and Credit Marketing Consent will earn 30% cash back bonus on the month where the “ACLI” is applied. This is a once-off yearly benefit
    Dormancy Fee N/A A  R10 dormancy fee will be charged to a Rewards account that is  inactive for three (3) months. The R10 fee will be deducted from the available cash back balance
  • Accrual Period and Cash Rewards Payout

    The accrual cycle (also known as the accrual period) is the period of your spend during which you accumulate Cash Rewards. This cycle begins on the 16th of every month and ends on the 15th of the following month (both dates inclusive).

    The scores are calculated on the last day of every month.

    Start of accrual period

    Tier calculation for current accrual period

    End of accrual period

    Pay-out of Cash Rewards

    16th

    Last day of every month

    15th

    1st of the following month

    Month 1

    Month 2

Your Cash Rewards are paid into your Absa Rewards account to redeem and spend whenever you wish. Register for Absa Online banking or download our mobile app to redeem and keep track of your Cash Rewards.

  • How to redeem

    Your Cash Rewards are always accessible to you through six (6) channels:

    • Absa Banking App
    • Absa Online Banking
    • Whatsapp Banking
    • USSD Banking (*120*2272#)
    • Self-service ( Dial 0861788888  option 1 )
    • ATM
  • What to redeem into

    You can redeem your Cash Rewards for:

    • Cash into your Transactional account
    • Saving them to an Absa Unit Trust or TruSave account
      • It will take up to four working days for the redemption to reflect in your Unit Trust account. A minimum redemption value of R200 (per redemption) applies to Cash Rewards redeemed and transferred to an Absa Unit Trust Account.
      • Standard Absa Rewards and Unit Trust terms and conditions apply.
       
    • Vouchers
    • Donation to one or more of these charities:
      • Qhubeka Foundation
      • Johannesburg Child Welfare
      • Nelson Mandela Foundation
      • Reach for a dream
      • Red Cross Children's Hospital
      • Sesego Cares
      • World Vision

Never miss a chance to earn real cash.

  • Zero membership fees, no counting points, just real cash back

    We have made some incredible changes to our Absa Rewards programme to give you real everyday value that ensures that with every spend at one of our partner stores you will get real cash back in your pocket. For more information click here

  • Bolt exit

    From 15 March 2024, Bolt Ride will no longer be our Rewards Partner.

    You can, however, as an Absa Rewards member earn up to 30% Cashback if you buy Uber vouchers through your Absa Banking App.

    Partner terms and conditions apply.

 
Need more help?

Let one of our consultants help you get the best rewards.

Call us on:
0861 78 88 88

Email us at:
absarewards@absa.co.za