We have enhanced our programme to promote stronger headlines with up to 30% cash back on grocery and fuel spend. In addition, we have adjusted the score ranges on our tiers to promote stronger engagement with our customers, revised the Cash Rewards spend limits and partner landscape.

The below list of changes will come into effect from 16 February 2020.

  • Grocery earn now up to 30% cash back

    1. You will now get up to 30% cash back on whatever is in your trolley at our participating grocery partners: Food Lover's Market, Pick n Pay, SPAR and Woolworths only
    2. The following grocery earn rates will apply
    Cash Rewards at participating grocery partners
    Tier Score Range Debit Card Credit Card
    1 0 – 489 0.15% 0.20%
    2 490 – 589 0.45% 0.65%
    3 590 – 689 0.50% 1.25%
    4 690 – 789 1.50% 6.25%
    5 +790 4.50% 30%

    Customers will still earn Cash Rewards from Absa (i.e. bank earn) on grocery spend at all other grocery retailers. Grocery earn is limited to the first combined R3 000 qualifying transactions at Food Lover's Market, Pick n Pay, SPAR and Woolworths per accrual period.

    Cash Rewards from Absa at other grocery retailers & for Grocery Partners after the
    R3 000 spend cap has been reached
    Tier Score Range Debit Card Credit Card
    1 0 – 489 0.15% 0.20%
    2 490 – 589 0.25% 0.40%
    3 590 – 689 0.30% 0.75%
    4 690 – 789 0.35% 0.95%
    5 +790 0.40% 1.15%
    3. After the grocery earn spend cap of R3 000, Cash Rewards from Absa will be earned (i.e. up to 1.15% cash back) 
    4. The Cash Rewards earned at grocery partners for grocery purchases is dependent on your Absa Rewards Tier 
    5. Transactions at Freshstop, TOPS, Savemor, SPAR Pharmacy, Woolworths FoodStop, Pick n Pay Express at BP and any other grocer not specifically mentioned are excluded from the grocery earn benefit
    6. Standard partner terms and conditions apply
  • Fuel earn now up to 30% cash back

    1. You will now get up to 30% cash back when you fill up or shop at Sasol

    Cash Rewards at Sasol
    Tier Score Range Debit Card Credit Card
    1 0 – 489 0.50% 1.00%
    2 490 – 589 0.65% 1.50%
    3 590 – 689 0.75% 2.50%
    4 690 – 789 2.0% 6.50%
    5 +790 4.50% 30%

    2. Fuel earn is limited to the first combined R3000 qualifying transactions at Sasol per accrual period
    3. No cash back will be earned when you fill up or shop at Sasol over the R3000 spend limit per accrual period
    4. You will earn a flat rate of 0.15% cash back on fuel spend at non-Sasol fuel stations

  • Changes to Bank Spend Limits

    Customers will earn Cash Rewards from Absa (i.e. bank earn) based on their product spend limits

    i. Wealth customers will earn up to 1.15% cash back on a maximum spend of R75 000 per accrual period
    ii. Private Bank customers will earn up to 1.15% cash back on a maximum spend of R50 000 per accrual period
    iii. Retail* customers will earn up to 1.15% cash back on a maximum spend of R25 000 per accrual period

    *Retail includes everything other than Private Bank and Wealth transactional products

     

  • Changes in Rewards score ranges

    All of the score ranges have been increased by a score of 10. The new score ranges per tier are as follows:

    Tier Old Score Ranges  New Score Ranges
    1 0 - 479 0 – 489
    2 480 - 579 490 – 589
    3 580 - 679 590 – 689
    4 680 - 779 690 – 789
    5 +780 +790
  • Changes in Rewards Partners

    The following partners will no longer be part of the Rewards programme, effective 16 February 2020:

        • Bidvest Car Rental
        • Europcar
        • Health Spas
        • Samsung
        • The Gadget Shop

    The following partners will no longer be part of the Rewards programme, effective 29 February 2020:

        • Emirates Airlines
        • Thank U

    The following partners will no longer be part of the Rewards programme, effective 16 March 2020:

        • Checkers
        • Checkers Hyper
        • OK Foods
        • Shoprite
        • USave

    Standard Absa Rewards and partner terms and conditions apply.

Need more help?

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0861 78 88 88

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