Cash Rewards from Absa
To earn up to 1% in Cash Rewards on every qualifying transaction (excluding garage card transactions, casinos, Electronic Fund Transfers (EFTs),exchange transactions and all transactions at a Sasol Service Station**), you need to have one Absa transactional product (transactional savings account, cheque account or credit card).
Simply use an Absa Debit, Cheque or Credit card to pay for your purchases, and depending on the number of Absa accounts you hold, you will automatically earn an extra percentage of all purchases back in Cash Rewards, paid directly into your Absa Rewards account. There is no minimum spend amount, so you start earning from R1.
There are different tiers, based on how many accounts you hold across different product categories, which determine what percentage you will earn. Please note that multiple products of the same type (for example, having two savings accounts) will count as a single product.
Tier 1: earn 0,25% if you have one transactional account.
Tier 2: earn 0,5% if you have one transactional account and any two qualifying accounts. For example, a credit card, together with a personal loan and vehicle finance.
Tier 3: earn 1% if you have one transactional account and any three or more qualifying accounts. For example, a cheque account, together with a credit card, home loan, vehicle finance, and a savings account.
|Current/Cheque account||Any 1 transactional product||Any 1 transactional product||Any 1 transactional product|
|Debit/transactional savings account|
Any 3 or more qualifying products
|Debit/transactional savings account*
|Vehicle and asset finance
|Savings and Investments
*Earn in this category excludes garage card transactions, casinos, EFT’s,exchange transactions and all transactions at a Sasol Service Station**.
Absa Rewards members can also regularly earn Cash Rewards from special offers from Absa.
**Cash Rewards from Absa on qualifying transactions at Sasol:
You will earn a guaranteed 5% Cash Rewards from Absa for all qualifying transactions at Sasol, from food to fuel, when you swipe your Absa Debit, Cheque or Credit Card.
Terms and conditions apply.