Absa Small Business Friday - supporting local business

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.

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Up to 1.15%
cash back

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How To Earn

Rewards Scores and Tiers

Customers under the age of 55 cannot move beyond Tier 1 unless they have downloaded and registered on the Absa Banking App. Banking Products There are 14 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	100
	Transactional cheque account with an overdraft limit of R2,000 and more	150
	Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised card spend (excl EFT and inter account transfers)	50
	Credit card with a debit order towards monthly repayments and at least 50% of the monthly spend comprised card spend (excl EFT and inter account transfers) and a cheque account	65
Non-transactional product categories	The customer earns 85 scores when they hold a Home Loan or a Universal Loan product with a minimum outstanding balance of R50 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 repayments	55
	Qualifying Savings and Investment account with a minimum combined balance between R 5000.00 and R999,999.99	55
	Qualifying Savings and Investment account with a minimum combined Investment balance of R 1 000 000 and above.	110
	Wills (in safe custody with Absa and Absa as the appointed executor)	10
	Qualifying Foreign Currency Investment account with a balance of R15000.00 – R99 999.99	45
	Qualifying Foreign Currency Investment account with a balance of R1 00000.00+	85
Insurance product categories	Active short-term insurance product	15
	Active long-term insurance product	15

*This score category excludes the following accounts: 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.

We will only allocate the score after you have met this criterion in the previous two months.

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 or a minimum of 50% of your salary into your Absa Transactional Account monthly or make payments to the value of R32 000 and complete 10 or more transactions monthly. Score awarded if you have met this criteria during the current month.	280
Digital activity score	To qualify for the digital engagement score, you will have to meet the following criteria: Meet the minimum criteria to earn the primacy score (you will not be able to earn the digital engagement score if you do not hold primacy with the bank) Do a minimum of 5 digital transactions (5 or more transactions are not over and above the 10 transactions required for the primacy score).	60
Bonus score	Have three or more Home Loans, Vehicle Asset loans or a combination thereof. Vehicle asset loans must have a minimum outstanding balance of R5 000 and a debit order towards monthly repayments to qualify for this score, Home Loans must have a minimum outstanding balance of R50 000 and a debit order towards monthly repayments to qualify for this score.	30
Recurring monthly payments into savings and investment accounts	Deposit between R250 and R4,999.99	10
	Deposit between R5,000 and R9,999.99	20
	Deposit R10,000 or more	30

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%
Cash Rewards from Absa (SME Earn)	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%
Cash Rewards at Grocery Partners (Grocery Earn)	Earn rate: Credit card	0.20%	0.65%	1.25%	6.25%	30.00%
Cash Rewards at Sasol (Fuel Earn)	Earn rate: Debit card	0.15%	0.45%	0.50%	1.50%	4.50%
Cash Rewards at Sasol (Fuel Earn)	Earn rate: Credit card	0.20%	0.65%	1.25%	6.25%	30.00%
Cash Rewards at Dis-Chem (Health & Beauty Earn)	Earn rate: Debit card	0.50%	0.65%	0.75%	2.00%	4.50%
Cash Rewards at Dis-Chem (Health & Beauty Earn)	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 above the spend cap at partners will form part of the Bank earn (30% of Total Spend or R3000 whichever occurs first) Earn up to R4000 in qualifying grocery purchases at all participating stores accrual period. In the Grocery category, customers can earn Cash Back on the full R4 000 spend cap for transactions without a card. For card present transactions, Customers can only earn Cash back on a maximum of R3000 in the Grocery category.
Cash Rewards at Sasol	Across segments	Purchases above the spend cap at partners will form part of the Bank earn (30% of Total spend or R3000 whichever occurs first)
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 above the spend cap at partners will form part of the Bank earn (30% of Total spend or R3000 whichever occurs first)
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
Automatic Credit Limit Increase (“ACLI”) and Credit Marketing consent	N/A	Rewards members who sign up for an annual automatic credit limit increase (ACLI) on their Credit Card and credit marketing consent will earn a 30% Cashback bonus on all qualifying spend for the month during which the ACLI is applied. This is a once-off yearly benefit. The 30% calculation will include all normal earn. Any boosted or bonus earn will be excluded.
Idle balance recovery	N/A	R10 will be deducted from a member’s Rewards Account that has been inactive for 3 (three) consecutive months. This amount will be deducted from the available cash-back balance for the duration of the inactive period or until the Rewards Account balance has been depleted;

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 16^th of every month and ends on the 15^th 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