As of 16 April 2018, we are adding more banking products and more ways to help you move up the Absa Rewards tiers and earn more cash back. Here’s a look at the improved Absa Rewards programme to give you a head start on earning more cash rewards.
Rewards Score allocation:
We now have new ways of banking and more products to help you move up the tiers faster:
|Product Category||Criteria||Monthly Score|
|Transactional product categories||Transactional savings account and/or cheque account without an overdraft or||100|
|Transactional cheque account with an overdraft||150|
|Non-transactional product categories||Home loan with a minimum debit balance of R1 000||125|
|Absa Vehicle and Asset Finance with a minimum debit balance of R1 000||50|
|Personal loans with a minimum debit balance of R1 000||50|
|Savings and investments including Unit Trusts, Tax free savings investment and Currency Investment Account with a minimum combined investment balance of R1 000||20|
|Insurance product (short term or long term insurance that is active)||15|
|Wills (In safe custody with Absa and Absa as the appointed executor)||10|
There are more ways you can get rewarded for how you bank with Absa. These seven banking activities can help you move up a tier.
||Receive monthly eStatements (email) instead of paper ones for the products that contribute towards your tier.
|Make five or more online beneficiary payments via Absa Online, Absa banking app, ATM and USSD during the month.||40|
|Keep in contact||Ensure you have valid contact details for at least two of the following: Cell number, email address, Home/work number.||25|
|Marketing consent||Give marketing consent for at least two of these channels: SMS, email, telephone.||25|
|Using our banking products||
Deposit your salary into your Absa transactional account and complete 10 or more transactions or make payments to the value of R32 000 and complete 10 or more transactions.
Score awarded if you have met this criteria during the current and previous month.
|International transactions||Buy foreign bank notes or make/receive an international (SWIFT) payment.||20|
|Bonus score||Have three or more Home Loans, Vehicle Asset loans or a combination thereof. Each loan must have a minimum debit balance of R1000 to qualify for this score.||30|