From cash back to upfront discounts, Absa Rewards makes getting more even better. Not only will you get rewarded for the products you have, but also for the way you bank. What are you waiting for? Start enjoying the world of Rewards today.
Find out all about the Absa Rewards programme update, effective from 16 January 2019.
Get rewarded for your everyday shopping and banking
Boost your Cash Rewards and move up a tier by adding products or improving the way you bank. You’ll be a top tier earner in no time!
These ten banking products can help you move up a tier:
Category Product type Monthly Score Transactional product categories Transactional savings account and/or cheque account without an overdraft or 100 Transactional cheque account with an overdraft 150 Credit card with a debit order towards monthly repayments 50 Non-transactional product categories Home loan with a minimum outstanding balance of R5 000 and a debit order towards monthly repayments 75 Absa Vehicle and Asset Finance with a minimum outstanding balance of R5 000 and a debit order towards monthly repayments 50 Personal loan with a minimum outstanding balance of R5 000 and a debit order towards monthly repayment 50 Savings and investments including Unit Trusts, Tax free savings investment and Currency investment account with a minimum combined investment balance of R5 000 (Five thousand Rand)* 50 Insurance product (short or long-term insurance that is active) 15 Wills (in safe custody with Absa and Absa as the appointed executor) 10
*Excluding: Absa Money Market Fund, Income and Growth Performa, Club Account, Travel Club, Investment Club, Grocery Club and Liquidity Plus accounts
You will automatically be registered for Absa Rewards when you open your Private Banking Account, Islamic Private Banking Account, Young Professionals Private Banking or Wealth Infinite account.
Spend your cash the way you want to
How to redeem your rewards
Have the value in your Absa Rewards account paid into your Absa cheque or savings account.
Exchange your cash rewards for prepaid airtime vouchers from Telkom Mobile, Telkom, Cell C, Neotel, MTN, Virgin Mobile or Vodacom.
Redeem your Cash Rewards, transfer them to an Absa Unit Trust or TruSave account and watch your Rewards grow.
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.
Make a difference by having cash rewards paid out to one or more of these charities:
- Johannesburg Child Welfare
- World Vision
- Sesego Cares
- Nelson Mandela Children’s Hospital
- Red Cross Children's Hospital
- Nelson Mandela Foundation
- Reach for a Dream
Never miss a chance to earn - or save
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Absa is refreshing its benefits to reward you for financially responsible behaviour
You’ve been enjoying Absa Rewards for a while now and you’ve no doubt seen the benefits. But your needs change, right? So we’re constantly looking at ways to reward financial behaviour that brings your possibilities to life. We are restructuring Absa Rewards to do exactly that. The following changes will come into effect from 16 January 2019:
- A new behaviour score for monthly deposit payments
- Higher scores for Savings & Investments accounts
- Cash back at Sasol now as much as 20%
- Your total bank earn spend cap is now R75 000 per month
- Cash Rewards earn rates from Absa, Grocery partners, Sasol and on your Multi-currency Cash Passport have been adjusted
- The home loan score is now 75
- To qualify for a score on home loans, vehicle finance, personal loans and credit cards, a debit order must be set up to make repayments on all these products.
- To qualify for a score on home loans, vehicle finance and personal loans, your minimum outstanding balance required is now R5 000
- And new partners (as of 16 December 2018)...
Want to know more about our new partners, new ways to move up tiers, revised earn rates and product scores among many other benefits? Visit the Absa Rewards programme update for more information.
Don’t forget to visit our updated Rewards estimator from 16 December 2018