We have enhanced our programme to drive stronger digital engagement with our customers. In addition, we have adjusted the score ranges on our tiers, updated our product and banking behaviour scores, and introduced apportioned spend limits.
The list of changes below will come into effect from 16 February 2021.
All of the score ranges have been increased by a score of 10. The new score ranges per tier are as follows:
Tier Score Ranges 1 0 – 499 2 500 – 599 3 600 – 699 4 700 – 799 5 +800
Primacy (Deposit your salary into your Absa Transactional Account OR make payments to the value of R32 000 or more AND initiate 10 or more transactions). 270
Transactional savings account and/or cheque account without an overdraft. 100
Transactional cheque account with an overdraft. 150
150 Credit card with a debit order towards monthly repayments. 50 50 Credit card with a debit order towards monthly repayments (with cheque account) 50 65 Home loan 75 85 Personal loan 50 55 Savings and Investments 50 55 Absa Vehicle and Asset Finance 50 55 Short-term insurance and life insurance 15 20 Wills 10 10 Recurring monthly deposit equal to or greater than R250 into your savings and investment accounts. 20 20 Bonus score (Have three or more home loans or vehicle and asset finance loans or a combination thereof) 30 30 International transactions 20 0 Five online beneficiary payments 40 0 Online eStatement 25 0 Marketing consent 25 0 Provide valid contact details 25 0
Please note we will no longer give you scores for some banking behaviours because you will now be rewarded for these through Absa Advantage.
We will be launching Absa Advantage, an exciting new way to earn instant rewards for banking digitally and good banking behaviour. Another way Absa is doing more so you can get more! Look out for Absa Advantage – coming soon on your Banking App.
Customers under the age of 55 will need to download and register on our Banking App to move above tier 1.
Use your Absa card for all your shopping to get maximum cash back.
The amount on which you earn cash back when shopping at our grocery, fuel and health and beauty partners is limited to 30% of the total value of all purchases made on any of your Absa cards, or R3 000 per category per month (whichever comes first). Be sure to always use your card for ALL your online shopping or in store and earn as much as you can!