Supporting local just got better!
Be part of the Absa Small Business Friday community and earn 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. Terms and conditions apply.
Explore hidden gems
in your hood
Find exclusive
weekly deals
Your small efforts
go a long way
Up to 2.3%
cash back
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
Bank Earn
The Bank Earn Model has been changed from a percentage-based to a fixed-value model. The fixed-value model table illustrates the maximum qualifying spend value assigned to each tier level. There will no longer be a distinction between the Earn Rates for Debit and Credit Card spend. To see our new Bank Earn tables and how much you can earn based on your Rewards tier, click here.
MCCP & Partner Earn
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 when you load your Multi-Currency Cash Passport Card (MCCP)
Earn rate: Multi-currency Cash Passport
0.25%
0.50%
0.80%
1.00%
1.25%
Cash Rewards from Absa (SME 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%
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%
Spend limits for Cash Rewards
Customers
Segment
Spend Limit
Cash Rewards from Absa
Wealth Customers
R75 000
Private Bank Customers
R50 000
Premium customers
R25 000
Gold customers
R15 000
Cash Rewards at Grocery Partners
Across segments
Purchases in excess of spend limit (30% of Total Spend or R3000 whichever occurs first) will no longer be taken into account when calculating the Bank Earn cash back amounts.
Example: The spend limit on Grocery Partners is R3 000 and you spend R3 500. You will earn Grocery Earn on R3 000 and will get no Bank Earn on the R500 over the spend limit.
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
Non-partner Fuel Spend (0.15% flat rate) will no longer contribute towards your Fuel Partner Earn; this will instead now accumulate towards your Bank Earn.
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/AThis 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
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