Absa Rewards is FREE in 2023!
Say goodbye to monthly membership fees on Absa Rewards from 1 January 2023.
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We reward you for banking with Absa by putting real cash back in your pocket.
Qualifying Engagements required to earn monthly Cash Back as a Rewards member
The following events constitute an Engagement:
Customers under the age of 55 cannot move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App.
There are 10 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 or||100|
|Transactional cheque account with an overdraft||150|
|Credit card with a debit order towards monthly repayments or||50|
Credit card with a debit order towards monthly repayments and a cheque account
|Non-transactional product categories||Home loan or a Universal Loan product with a minimum outstanding balance of R5 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 repayment||55|
|Savings and investments including Unit Trusts, Annuity Fund, Tax free savings investment and Currency investment account with a minimum combined investment balance of R5 000 (Five Thousand Rands)*||55|
|Insurance product (short or long-term insurance that is active)||20
|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, Liquidity Plus, Senior Save, Absa Call Account and 32 Day Notice Bonus Deposits.
Your Cash Rewards are always accessible to you through six (6) channels:
You can redeem your Cash Rewards for:
Never miss a chance to earn real cash.
Zulzi will no longer be one of our Rewards Partners from 31 July 2023. You can still earn up to 30% real cash back from our Rewards Partners (Woolworths, Pick n Pay, Food Lover’s Market, Dis-Chem and more), depending on your Rewards tier.
We are reviewing the Xbox and Roblox vouchers listed below to offer you more value. The list of vouchers is no longer available on the Absa Banking App from 30 April 2023. The vouchers will be reloaded and available for purchase on our voucher list once the upgrade is complete.
Xbox Game Pass products
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