Supporting local just got better!

Be part of the Absa Small Business Friday community and earn double cash back every Friday when you shop local using your Absa card. You simply need to find an Absa Small Business Friday partner near you. Let’s work together to assist local businesses and contribute to building our economy.

 

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Explore hidden gems
in your hood

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Find exclusive
weekly deals

health and beauty

Your small efforts
go a long way

health and beauty

Up to 30% more
cash back Rewards

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How To Earn 
  • Rewards Scores and Tiers

    Banking Products

    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

    65

    Non-transactional product categories

    Home loan 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.

    Banking Activities

    There are three banking activities that will also contribute towards your monthly Rewards score allocation.

    Category

    Activity type

    Monthly Score

    Use 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.

    340

    Bonus score

    Have three or more Home Loans, Vehicle Asset loans or a combination thereof. Each loan must have a minimum outstanding balance of R5 000 and a debit order towards monthly repayments to qualify for this score.

    30

    Recurring monthly payments into savings and investment accounts

    Set up a R250 or more recurring stop order payment into your savings and investment accounts to qualify for the score. We will only allocate the score after you have met this criteria in the previous two months.

    20

  • Earn Rates and Spend Limits

    The percentage of Cash Rewards you can earn is determined by your Rewards tier, which is calculated monthly based on the products you have and the way you bank. You will also enjoy higher earn rates when you use your credit card.

    Customers under the age of 55 are not able to move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App.

     

    Tier

    Tier 1

    Tier 2

    Tier 3

    Tier 4

    Tier 5

     

    Score Range

    0 – 499

    500 – 599

    600 – 699

    700 – 799

    +800

     

    Cash Rewards from Absa (Bank Earn)

    Earn rate: Debit card

    0.15%

    0.25%

    0.30%

    0.35%

    0.40%

    Earn rate: Credit card

    0.20%

    0.40%

    0.75%

    0.95%

    1.15%

    Earn rate: Multi-currency Cash Passport

    0.25%

    0.50%

    0.80%

    1.00%

    1.25%

    Cash Rewards at Grocery Partners (Grocery Earn)

    Earn rate: Debit card

    0.15%

    0.45%

    0.50%

    1.50%

    4.50%

    Earn rate: Credit card

    0.20%

    0.65%

    1.25%

    6.25%

    30.00%

    Cash Rewards at Sasol (Fuel Earn)

    Earn rate: Debit card

    0.50%

    0.65%

    0.75%

    2.00%

    4.50%

    Earn rate: Credit card

    1.00%

    1.50%

    2.50%

    6.50%

    30.00%

    Cash Rewards at Dis-Chem (Health & Beauty Earn)

    Earn rate: Debit card

    0.50%

    0.65%

    0.75%

    2.00%

    4.50%

    Earn rate: Credit card

    1.00%

    1.50%

    2.50%

    6.50%

    30.00%

    *You will earn a flat rate of 0.15% cash back on fuel spend at non-Sasol fuel stations.

    Spend limits for Cash Rewards

    Customers

    Segment

    Spend Limit

    Cash Rewards from Absa

    Wealth Customers

    R75 000

     

    Private Bank Customers

    R50 000

     

    Retail Customers

    R25 000

    Cash Rewards at Grocery Partners

    Across segments

    Purchases in excess of spend limit (30% of Total Spend or R3000 whichever occurs first) will earn up 1.15% real cash back, depending on your Rewards Tier

    Cash Rewards at Sasol

    Across segments

    Purchases in excess of the spend limit (30% of Total spend or R3000 whichever occurs first) will not earn any cash back at Sasol filling stations and convenience stores.

    Cash Rewards at non-Sasol filling stations and convenience stores

    Across segments

    Customers will earn a flat rate of 0.15% cash back on spend at non-Sasol filling stations across all tiers, regardless of debit or credit card payment.

    Cash Rewards at Dis-Chem

    Across segments

    Purchases in excess of the spend limit (30% of Total spend or R3000 whichever occurs first) at Dis-Chem will not earn any cash back.

    Cash Rewards at Rewards Partners


    N/A

    This is cash back earned when you use your Absa card at one of our selected Rewards Partners. You will earn up to 30% real cash back, depending on your Rewards Tier from our partners when you use your Absa card for point-of-sale purchases for your qualifying in-store and online transactions at our selected partners. Each partner offers a different earn rate/set of rates and this is based on the partner offering.

    You can find an updated list of all our partners and their offers here  

  • Accrual Period and Cash Rewards Payout

    The accrual cycle (also known as the accrual period) is the period of your spend during which you accumulate Cash Rewards. This cycle begins on the 16th of every month and ends on the 15th of the following month (both dates inclusive).

    The scores are calculated on the last day of every month.

    Start of accrual period

    Tier calculation for current accrual period

    End of accrual period

    Pay-out of Cash Rewards

    16th

    Last day of every month

    15th

    1st of the following month

    Month 1

    Month 2

Get rewarded when you support local business

Earn double cash back every Friday at local gems in your neighbourhood. Check our Absa Rewards Estimator to see how much real cash back you could earn.

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Absa cards

Need more help?

Let one of our consultants help you get the best rewards.
Call us on:
0860 777 369
Email us at:
smallbusinessfriday@absa.co.za